Accounts Receivable Accountant at Redeemers Health Village

Role Description

• Redeemer’s Health Village is seeking a skilled Accounts Receivable Accountant for a full-time, on-site role. This position involves managing invoicing, maintaining accurate financial records, analyzing financial data, and liaising with internal and external stakeholders to ensure efficient receivables management.

Job Duties

Billing & Invoicing

• Generate and issue accurate invoices for patient services, insurance claims, and corporate clients.
• Ensure timely submission of claims to insurance companies and third-party payers.

Payment Collection & Reconciliation

• Record and track incoming payments from patients, insurers, and other stakeholders.
• Reconcile accounts receivable records with bank statements and hospital financial reports.
• Follow up on outstanding payments and resolve discrepancies.

Insurance & Claims Management

• Work closely with insurance providers to verify patient coverage and process claims.
• Monitor denied claims and initiate appeals or corrections as needed.
• Maintain updated records of insurance reimbursements and patient co-pays.

Financial Reporting & Record-Keeping

• Maintain accurate financial records of all receivables transactions.
• Prepare monthly, quarterly, and annual AR reports for management review.
• Assist in financial audits by providing necessary documentation.

Patient & Stakeholder Communication

• Communicate with patients regarding billing inquiries, payment plans, and outstanding balances.
• Coordinate with the finance and billing teams to address payment-related concerns.

Compliance & Policy Adherence

• Ensure compliance with hospital policies, financial regulations, and healthcare billing standards.
• Stay updated on changes in medical billing codes, insurance policies, and financial laws.

Debt Recovery & Collections

• Implement strategies for recovering overdue payments while maintaining positive patient relationships.
• Work with debt collection agencies when necessary.

Qualifications

• Analytical Skills and Finance background
• Accounting expertise
• Experience in Invoicing
• Strong Communication abilities
• Attention to detail and accuracy
• Knowledge of healthcare finance and regulations is a plus
• Bachelor's degree in Accounting, Finance, or related field