- Ventra is a leading business solutions provider for facility-based physicians practicing anesthesia, emergency medicine, hospital medicine, and now radiology, through the recent combining of forces with Advocate RCM. Focused on Revenue Cycle Management and Advisory services, Ventra partners with private practices, hospitals, health systems, and ambulatory surgery centers to deliver transparent and data-driven solutions that solve the most complex revenue and reimbursement issues, enabling clinicians to focus on providing outstanding care to their patients and communities.
Job Summary
- The Associate Director, Cash Management is responsible for overseeing and managing the Payment related functions such as payment posting, refunds, credits, reconciliation, month end activities etc. This role is critical in ensuring timely and accurate maintenance of patient accounts, ensuring transactions are posted in a timely manner and turnaround times for various activities are strictly adhered to.
- Located either at our Chennai, Hyderabad, or Coimbatore Service Delivery Centers (SDC). If not located at the colleague SDC then monthly travel is required.
Essential Functions And Tasks
Cash Flow Optimization:
- Develop and implement strategies to optimize daily activities including improving payment posting accuracy and meeting TATs.
Team Management:
- Lead and mentor a team of cash management professionals, including cash application specialists, lockbox operations, and refund specialists.
Payment Posting and other related activities:
- Ensure accurate and timely payment posting, including managing lockbox operations, electronic funds transfers (EFTs), and manual payments.
Reporting:
- Prepare and analyze reports on key performance indicators (KPIs) related to cash management.
Technology Implementation:
- Collaborate with technology team to improve cash management efficiency and accuracy.
Regulatory Compliance:
- Ensure compliance with all federal, state, and local regulations related to cash management and revenue cycle management.
Develop Standard Instructions:
- Ensure all instructions are captured and updated in a timely manner.
Training:
- Collaborate with training and QA teams to improve the efficiency of the staff.
Education And Experience Requirements
- Bachelor's degree in finance, accounting, healthcare administration, or any other stream
- Minimum 10+ years core experience in cash management within the US healthcare industry, with a strong understanding of revenue cycle management processes.
Knowledge, Skills, And Abilities
- In-depth knowledge of cash management principles, accounting practices, and revenue cycle management.
- Strong leadership skills, including the ability to motivate and manage teams.
- Excellent problem-solving and analytical skills.
- Strong communication skills, both written and verbal.
- Proficiency in cash management software, accounting systems, and other relevant technology tools.
- Understanding of federal, state, and local regulations related to cash management and revenue cycle management.
Ventra Health
Equal Employment Opportunity (Applicable only in the US)
Ventra Health is an equal opportunity employer committed to fostering a culturally diverse organization. We strive for inclusiveness and a workplace where mutual respect is paramount. We encourage applications from a diverse pool of candidates, and all qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, sex, age, national origin, disability, sexual orientation, gender identity and expression, or veteran status. We will provide reasonable accommodations to qualified individuals with disabilities, as needed, to assist them in performing essential job functions.
Recruitment Agencies
Ventra Health does not accept unsolicited agency resumes. Ventra Health is not responsible for any fees related to unsolicited resumes.
Solicitation of Payment
Ventra Health does not solicit payment from our applicants and candidates for consideration or placement.
Attention Candidates
Please be aware that there have been reports of individuals falsely claiming to represent Ventra Health or one of our affiliated entities Ventra Health Private Limited and Ventra Health Global Services. These scammers may attempt to conduct fake interviews, solicit personal information, and, in some cases, have sent fraudulent offer letters.
To protect yourself, verify any communication you receive by contacting us directly through our official channels. If you have any doubts, please contact us at [Confidential Information] to confirm the legitimacy of the offer and the person who contacted you. All legitimate roles are posted on https://ventrahealth.com/careers/ .
