Cash Application Manager

Kestra Medical Technologies, Inc.; Seattle (WA); On-site; USD 93,000 - 120,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

401K

Job summary

Kestra Medical Technologies, Inc. is seeking a Team Manager to supervise the cash application group, ensuring timely posting of government, commercial, and patient payments into the A/R system in a fast-paced environment.

You will drive accuracy, balance workloads, and lead a culture of inclusion through regular team meetings and one-on-ones. In this in-office role, you will hire, train, coach, and evaluate staff; collaborate with Accounting and Finance on monthly closes and audits; develop

Qualifications

• Bachelor's degree or equivalent experience.
• 5 years of experience in a health care cash posting environment.
• Minimum of 3 years management experience.
• Proficiency with Microsoft Office Word, Excel, and PowerPoint.
• 6 years of Manager or above leadership experience (preferred).

Responsibilities

• Lead and schedule Cash Application Specialists to cover business needs.
• Hire, train, coach, and conduct performance reviews; develop materials.
• Ensure data entry in Bonafide and posting of payments within guidelines.
• Manage cash application: research, reconciliation, balancing, error identification.
• Analyze cash flow data and identify risks related to cash forecasts.
• Collaborate with Accounting and Finance for monthly close and audits.
• Develop reports, KPIs, dashboards to measure team performance.
• Drive process automation to improve accuracy.
• Support audits and respond to payor inquiries as needed.

Skills

Team leadership

Problem solving

Integrity

Collaboration

Results focus

Innovation

Customer focus

Emotional intelligence

Education

Bachelor's degree or equivalent experience

5 years health care cash posting experience

Minimum 3 years management experience

Proficiency with Microsoft Office Word, Excel, PowerPoint

6 years Manager or above leadership experience

Job description

The Kestra team has over 400 years of experience in the external and internal cardiac medical device markets. The company was founded in 2014 by industry leaders inspired by the opportunity to unite modern wearable technologies with proven device therapies. Kestra’s solutions combine high quality and technical performance with a wearable design that provides the greatest regard for patient comfort and dignity. Innovating versatile new ways to deliver care, Kestra is helping patients and their care teams harmoniously monitor, manage, and protect life.

This position is responsible for managing the day-to-day operations for the cash application team by supporting the timely & accurate posting of all third-party (e.g., government, commercial and private payors) and patient payments into the A/R system, along with the resolution of payment posting issues, credit balances, refund requests, and other posting function responsibilities. A primary focus in supervising the cash application function is ensuring consistent productivity and quality of work in a challenging, fast-paced, and rapidly changing environment. This position will be the escalated point of contact for any issues, so they must be a keen problem solver. As a Team Manager this position will be responsible for driving a culture of inclusion and engagement through regular team meetings and 1:1s and team building activities.

Essential Duties

• Manage team of Cash Application Specialists as assigned, including scheduling work shifts to effectively cover Kestra’s business needs.
• Participate in team member hiring, training, coaching, and performance management. Assist in the development of training materials.
• Ensure team members are entering critical data into patient accounts in Bonafide. Ensure team members are processing and posting all payments within established guidelines.
• Manage multiple aspects of the cash application function including research, reconciliation, balancing, and error-identification.
• Gather and review data about cash flow and identify risks related to cash forecasts.
• Manage a relationship with Accounting and Finance team leaders to ensure efficiency of monthly close functions. Provide support for financial audits.
• Participate in leadership meetings and report on cash position, liquidity, and cash trends as needed.
• Develop, and refine new and existing process flows to create efficiencies within the department.
• Evaluate existing system processes and tools required to drive automation and improved accuracy.
• Develop reporting, key performance indicators and metrics, as well as dashboards to effectively evaluate the performance of the team.
• Assist in responding to or supporting any patient, financial, or payor audits received, as appropriate.
• Adhere to Pledge of Confidentiality

• Information regarding a patient of this company shall not be released to any source outside of this company without the signed permission of the patient. Furthermore, information will only be released internally on a need-to-know basis. All Team Members will not discuss patient cases outside the office or with anyone not employed by this company unless they are directly involved with the patient’s case.

Competencies

• Passion: Contagious excitement about the company – sense of urgency. Commitment to continuous improvement.
• Integrity: Commitment, accountability, and dedication to the highest ethical standards.
• Collaboration/Teamwork: Inclusion of Team Member regardless of geography, position, and product or service.
• Action/Results: High energy, decisive planning, timely execution.
• Innovation: Generation of new ideas from original thinking.
• Customer Focus: Exceed customer expectations, quality of products, services, and experience always present of mind.
• Emotional Intelligence: Recognizes, understands, manages one’s own emotions and is able to influence others. A critical skill for pressure situations.

Qualifications

Education/Experience Required

• Bachelor's degree or equivalent experience
• 5 years of experience in a health care cash posting environment
• Minimum of 3 years management experience
• Proficiency with Microsoft Office Word, Excel, and PowerPoint

Preferred

• 6 years of Manager or above leadership experience

Supervisory Responsibilities

Directly manage cash application team members including but not limited to conducting performance reviews, providing feedback, and helping to set professional development goals.

Work Environment

• Indoor open office environment. Position needed in-office.
• Extended hours when needed/occasional weekend work
• Kestra manufactures and provides life-saving products regulated by the Federal Food and Drug Administration
• Administration and under contract with Medicare. Kestra maintains a drug free workplace and testing is a condition of employment, post-offer.

Physical Demands

• Frequent repetitive motions that may include wrists, hands and/or fingers, such as keyboard and mouse usage
• Frequent stationary position, often standing or sitting for prolonged periods of time
• Frequent computer use
• Frequent phone and other business machine use
• Occasional lifting required, up to 20 pounds

Travel

Occasional travel, domestic and international, may be required, less than 10%

Other Duties

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the Team Member. Duties, responsibilities, and activities may change or new ones may be assigned at any time with or without notice.

Benefits

Kestra offers a very competitive benefit package including Medical, Dental, 401K with Match, etc.

Pay equity is an important part of Kestra’s Culture. Our compensation ranges are guided by national and local salary surveys and take into consideration experience level and internal equity. Each role is benchmarked based on the job description provided If your qualifications and/or experience level are outside of the posted position, we encourage you to apply as we are growing fast and roles that are coming soon may not be posted.

Salary: Annualized at $93,000 - $120,000, plus bonus. Depending on experience. Kestra Medical Technologies is an equal opportunity employer. Kestra Medical Technologies does not discriminate on the basis of race, color, religion, national origin, veteran status, age, sexual orientation, gender identity and/or expression, marital status, disability, physical or mental status or any other characteristic protected by law.

We are unable to sponsor or take over sponsorship of employment visas at this time. Applicants must be eligible to work for any employer in the U.S.

Kestra manufactures and provides life-saving products regulated by the Federal Food and Drug Administration and under contract with Medicare. Kestra maintains a drug free workplace and testing is a condition of employment.

Kestra Medical Technologies, Inc does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.