Cash Management Analyst

Tactile Medical; Minneapolis (MN); On-site; USD 33,000 - 43,000; Full time

Job summary

Tactile Medical, based in Minneapolis, is seeking a Cash Management Analyst to support cash application processes and drive efficiencies. You will partner with the Cash Management Lead and the Cash Application Supervisor to automate cash collection and posting, and to produce timely, accurate reporting.

The role focuses on reviewing remittance information, processing payments, and coordinating with banks and payers to resolve issues while maintaining HIPAA, SEC, and IRS compliance.

Qualifications

• Bachelor or Associate degree or equivalent work experience.
• 2+ years of experience in the healthcare field.
• 1+ years of experience in treasury functions.

Responsibilities

• Review, analyze and interpret remittance information from third-party portals.
• Process credit card payments and payer correspondence via lockbox.
• Liaise with banks and collections teams to resolve errors.
• Contact insurance/payers to resolve and research payment issues.
• Research recoupment and offset information for payment posting.
• Assist in transitioning payers to electronic payment methods.
• Support reimbursement analyses and reporting to identify issues or trends.
• Drive continuous process improvements in collections and reporting.
• Support system upgrades and implementations.
• Fulfill other duties as assigned.
• Ensure compliance with SEC, IRS and HIPAA requirements.

Skills

Microsoft Office

Analytical skills

Fast-paced environment

Ownership

Integrity

Independent problem solving

Attention to detail

Cross-functional collaboration

Education

Bachelor or Associate degree

Tools

Microsoft Office Suite

MS Excel

Job description

At Tactile Medical, we specialize in developing at-home therapy devices to treat lymphedema, chronic venous insufficiency and respiratory illnesses.

The Cash Management Analyst will assist in various aspects of the cash application process, with the primary focus being partnering with team members to drive efficiencies, and maintenance in automating the company’s cash collection processes. Responsible for creating, reviewing, and disseminating various reports to support timely and accurate cash collection and application. This position will partner with the Cash Management Lead and Cash Application Supervisor to further automate the company’s cash collection processes, thereby having a direct impact on timely cash posting therefore improving the company’s cash balance.

Accountabilities & Responsibilities

• Review, analyze and interpret remittance information supplied on remittance advice from third-party portals
• Process credit card payments and payer correspondence received via the company’s lockbox
• Serve as the primary liaison between the company’s banks and the collections teams to resolve errors
• Make calls to insurance/payers to resolve and research payment issues
• Research recoupment and offset information for payment postin
• Partner with the Cash Management Lead to transition payers from paper transactions to electronic methods of payment, including electronic claims, electronic remittance notices and electronic fund transfers
• Assist in review of reimbursement analyses and other reporting, as required, to identify issues or trends and develop a plan to address accordingl
• Develop and maintain an environment of continuous process improvement, focused on enhancing and streamlining collections and the related reporting processes
• Provide support for system upgrades and implementations
• Other duties as assigned
• Perform all job duties while maintaining compliance with all appropriate regulatory requirements including, SEC, IRS and HIPAA

Required

Education & Experience

• Bachelor or Associate degree or equivalent work experience
• 2+ years of experience in the healthcare field
• 1+ years of experience in treasury functions

Knowledge & Skills

• Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint) with ability to learn various software programs quickly
• Strong analytical and problem-solving skills
• Ability to work in a fast paced, dynamic and growth environment
• Takes ownership of their assigned responsibilities
• High professional standards and personal and professional integrity
• Proven ability to work with minimal direction, as well as be resourceful and independent in solving problems and multi-task effectively
• Strong attention to detailStrong critical thinking skills
• Comfortable working cross functionally within various levels of an organization

Competencies

• Change Agent
• Integrity and Trust
• Influencing
• Planning
• Communication
• Decision Quality
• Process Management
• Priority Setting
• Peer Relationships
• Problem Solving

Our total compensation package includes medical, dental and vision benefits, retirement benefits, employee stock purchase plan, paid time off, parental leave, family medical leave, volunteer time off and additional leave programs, life insurance, disability coverage, and other life and work wellness benefits and discounts. Benefits may be subject to generally applicable eligibility, waiting period, contributions, and other requirements and conditions.

Below is the starting salary or hourly range for this position, although offers may differ based on the candidate's location, job-specific knowledge, skills and experience.

US Pay Range

$23.89 - $31.35 USD

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