Director, Cash Management

Ventra Health; United States; Remote; USD 80,000 - 120,000; Full time

Job summary

An established industry player in healthcare seeks a Director of Cash Management to lead and optimize cash management operations. This pivotal role involves overseeing daily operations, implementing best practices, and fostering inter-departmental collaboration. The ideal candidate will have extensive experience in revenue cycle management and strong leadership skills. Join a forward-thinking organization committed to excellence, where your contributions will significantly impact financial operations and enhance patient care. If you thrive in a dynamic environment and are passionate about healthcare finance, this opportunity is perfect for you.

Qualifications

• 7+ years of revenue cycle management experience in healthcare.
• 4+ years of supervisory experience preferred.

Responsibilities

• Oversee cash management operations and bank reconciliation.
• Implement best practices for cash management operations.
• Develop and monitor departmental metrics for performance.

Skills

Revenue Cycle Management

Cash Reconciliation

Data Analysis

Leadership Skills

Communication Skills

Time Management

Education

Bachelor’s Degree in Healthcare Administration

Tools

Microsoft Excel

Database Software

Job description

About Us

Ventra is a leading business solutions provider for facility-based physicians practicing anesthesia, emergency medicine, hospital medicine, pathology, and radiology. Focused on Revenue Cycle Management, 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 Director, Cash Management is responsible forimplementing and supporting the strategic vision for assigned Cash Management functions both domestically and in collaboration with our global service delivery centers.

Essential Functions and Tasks

• Oversees the day-to-day operations and effectiveness of cash management operations, including but not limited to bank reconciliation, posting, and unapplied research/resolution.
• Implements and optimizes best practices, policies, and standardized workflows for cash management operations through continuous improvement initiatives.
• Oversees the overall health of reconciliation and outstanding payments. Implements and manages action plans to target and resolve unposted payments through effective reconciliation and unapplied resolution as well as root cause analysis/denial mitigation strategies.
• Develops, monitors, and achieves key departmental metrics and enterprise benchmarks to measure performance.
• Encourages and maintains productive inter-departmental relationships through collaborative communication, leadership, and end-to-end problem solving.
• Uses analysis to proactively identify fluctuations in collection trends, payment processing effectiveness, and assists with the preparation of executive summaries for the leadership team.
• Oversees domestic and global service delivery center relationships, productivity goals and performance. Addresses deficits and necessary remediation.
• Works with Transformation, global service delivery center leaders and domestic reconciliation/posting staff to understand and maintain client expectations.
• Performs special projects and other duties as assigned.

Education and Experience Requirements

• Bachelor’s Degree in Healthcare Administration, or related field, preferred. Equivalent training and/or experience considered.
• At least seven (7) years of revenue cycle management experience in the healthcare and/or health insurance industry.
• At least four (4) years of supervisory/management/leadership experience, preferred.
• Global service delivery reconciliation/posting experience required.

Knowledge, Skills, and Abilities

• Strong working knowledge of revenue cycle.
• Strong working knowledge of cash reconciliation and posting.
• Strong supervisory/management skills.
• Strong management level oral, written, and interpersonal communication skills.
• Strong healthcare data analysis skills; trending denial data and implementation of best practices for remediation.
• Strong presentation development and delivery skills.
• Ability to read, understand, and apply state/federal laws, regulations, and policies.
• Ability to communicate with diverse personalities in a tactful, mature, and professional manner.
• Ability to remain flexible and work within a collaborative and fast paced environment.
• Basic use of computer, telephone, internet, copier, fax, and scanner.
• Basic touch 10 key skills.
• Basic Math skills.
• Understand and comply with company policies and procedures.
• Strong oral, written, and interpersonal communication skills.
• Strong time management and organizational skills.
• Strong knowledge of Outlook, Word, Excel (pivot tables), and database software skills.

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 AgenciesVentra Health does not accept unsolicited agency resumes. Ventra Health is not responsible for any fees related to unsolicited resumes.Solicitation of PaymentVentra Health does not solicit payment from our applicants and candidates for consideration or placement.

Attention CandidatesPlease 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 [e-mail] to confirm the legitimacy of the offer and the person who contacted you. All legitimate roles are posted on https://ventrahealth.com/careers/.

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