Accounts Payable/Receivable Manager manages the accounts payable and accounts receivable functions of an organization to ensure compliance with internal controls and accounting policies. Reviews and evaluates the accounts payable and receivable registers to validate charges and ensure timely and accurate payments and receipt of payments. Being an Accounts Payable/Receivable Manager monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. Verifies customer credit limits and applicable payment terms. Additionally, Accounts Payable/Receivable Manager designs and implements standard policies and procedures to ensure accurate and compliant financial records. Audits methods and procedures of the accounts payable and receivable functions to improve efficiency. Requires a bachelor's degree. Typically reports to a director. The Accounts Payable/Receivable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Payable/Receivable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Req#: R29973
Category(s): Finance, Accounts Receivable
Full Time / Part Time: Full-Time
Shift: First
Under the direction of the Receivables Supervisor and Lead; identifies denials/appeals, makes appropriate system changes, completes balance adjustments, initiates write-offs, updates account registration/insurance information, documents work-in-process, obtains materials to complete the collection and/or appeals process and mentors colleagues. Other related duties as required.
1) Reviews all accounts/invoices for collection/appeal activities and takes appropriate action based on findings. Prioritizes accounts through Enterprise Task Management system (ETM).
2) Reviews all denied claims for third party payer on "Explanation of Benefits" and remittance advises and takes appropriate action based on findings.
3) Appeals claims from third party carriers with additional documentation as needed for appropriate reimbursement.
4) Initiates "reimbursement inquiries" to Reimbursement Department for definitive answers to specific issues.
5) Initiates charge corrections as needed, based on findings from Reimbursement Issues and Appeals and or Coding.
6) Accurately records and files all third party payer information, reimbursement inquiries and appeals in process.
7) Interacts effectively with external contacts. Keeps supervisor advised of issues and changes in volume that can effect meeting unit or department expectations
8) Accurately records productivity and other information required for established reports.
9) Completes assigned projects with advanced productivity and efficiency while maintaining a high degree of accuracy.
10) Mentors, shares information with, and trains colleagues.
11) Performs other duties as assigned, including assisting other units or departments.
1) Knowledge of current third-party billing and collection regulatory guidelines and requirements
2) Two or more years third party billing experience
1) Knowledge of Centricity Business system
1) Ability to work in a fast-paced environment
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At Baystate Health we know that treating one another with dignity and equity is what elevates respect for our patients and staff. It makes us not just an organization, but also a community where you belong. It is how we advance the care and enhance the lives of all people.
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Education:
GED or HiSET (Required)
Certifications:
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Baystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.
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