Team Lead Accounts Receivable

Job Description

The Accounts Receivable (AR) Team Lead is pivotal in the Finance & Accounts department, overseeing and managing the organization s account receivable department that deals with the revenue cycle management (RCM) processes of a US Healthcare Company. This position entails ensuring accuracy, compliance, and efficiency in financial reporting and operations. The Accounts Receivable (AR) Team Lead will handle a team of accounting professionals, drive financial performance, and support the strategic financial goals of the organization. Responsibilities: Ensure timely submission of insurance claims, following up on rejected or denied claims to ensure they are resolved and resubmitted. Monitor and reduce claim denial rates by analyzing trends, identifying issues, and implementing corrective actions. Oversee the entire revenue cycle process, from the point of patient intake to payment collection. Ensure that all payments from insurance companies and patients are accurately posted to the appropriate accounts. Monitor outstanding balances and ensure timely collections from both patients and insurance companies. Lead and manage the AR team, which includes billing specialists, collection agents, and other personnel. Prepare and present financial reports, including aging reports, cash flow analysis, and AR metrics to management. Continuously analyze AR processes to identify areas for improvement, such as reducing the time it takes to collect payments or lowering denial rates. Ensure the timely collection of payments to improve the organizations cash flow and overall financial health. Qualifications: Candidate must have a Bachelors degree in any field. Candidates should possess a minimum of 5 years of experience in the Account Receivable Department of Revenue Cycle Management (RCM) within a US healthcare organization, with at least 3 years in a leadership or senior position role. Excellent problem-solving and communication skills. Advanced computer skills in MS Office, accounting software, and databases.