Team Lead Cash Posting

3 - 6 years

3 - 6 Lacs

Pune Maharashtra India

Posted:7 months ago

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Job Description

Team Lead - Cash Posting

A Day in the Life

You will lead and optimize our cash posting operations by:

  • Accurately posting

    all payments (electronic, checks, credit cards, etc.) to patient accounts in the billing system.
  • Ensuring

    all payments are applied to the correct accounts and invoices.
  • Processing and posting

    insurance payments, including primary, secondary, and tertiary payers.
  • Reconciling daily cash postings

    with bank deposits and accounting records.
  • Identifying and resolving

    discrepancies between posted payments and actual deposits.
  • Working with the finance team

    to ensure accurate general ledger postings.
  • Posting adjustments, write-offs, and denials

    as per payer contracts and company policies.
  • Identifying trends

    in denials and underpayments and communicating findings to management.
  • Collaborating with the billing and collections teams

    to resolve outstanding issues.
  • Maintaining accurate and detailed records

    of all cash posting activities.
  • Generating and analyzing reports

    on payment trends, reconciliation outcomes, and discrepancies.
  • Providing feedback on processes

    and suggesting improvements to enhance efficiency.
  • Ensuring

    all cash posting activities comply with company policies and relevant regulations.
  • Leveraging your knowledge of various

    insurance plans

    (PPO, HMO, EPO, POS, Medicare, Medicaid, HRAs) and

    coordination of healthcare benefits

    , including requirements for referral, authorization, and pre-determination.

Required Knowledge and Experience

  • Bachelor's degree

    in Business or Accounting is preferred.
  • 8+ years of experience

    in healthcare insurance collections, accounts receivable management, billing and claims processing, and insurance payer contracts.
  • Advanced knowledge

    of insurance contracting, payer regulations, insurance benefits, coordination of benefits, managed care, and healthcare compliance, rules, and regulations.
  • Advanced experience

    with reading and understanding medical policy information, and utilizing insurance benefit and coverage information to recover denied claims.
  • Experience with

    medical billing and collections terminology

    - CPT, HCPCS, ICD-10, and NDC coding, HIPAA guidelines, and healthcare compliance.

Benefits & Compensation

Medtronic Incentive Plan (MIP)

About Medtronic

At Medtronic, we lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions. Our Mission to alleviate pain, restore health, and extend life unites a global team of 95,000+ passionate people. We are engineers at heart, putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary. Learn more about our business, mission, and our commitment to diversity.

Skills Required

cash postings record keeping accounts management collections terminology medical billing ndc coding

Work Mode

On-site

Job Type

Full Time

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