Credit Balance Manager

Credit Balance Manager

Dover Full-Time No home office possible
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At a Glance

  • Tasks: Lead the Credit Balance Resolution team and optimise patient credit processes.
  • Company: Join Intermountain Health, a leader in healthcare committed to wellness and community.
  • Benefits: Enjoy a generous benefits package promoting health, happiness, and security.
  • Why this job: Make a real impact on financial stability while developing your leadership skills.
  • Qualifications: High School Diploma required; 5 years in Healthcare Revenue Cycle preferred.
  • Other info: Work in Broomfield, Colorado with a competitive hourly rate.

**Job Description:** The Cash Management Credit Balance Manager has the responsibility for overseeing all facets of patient credits including self-pay, commercial credit, government insurance credits. Maintaining credit resolution vendor relations. Ensuring the accurate and timely processing of patient credits, active participation in system integration testing, serving as a subject matter expert for patient credits, actively staying abreast of best practices, and working towards achieving executive goals, optimizing revenue cycle performance, and ensuring the financial stability of the organization. **Essential Functions** ยท Provide leadership and direction to Credit Balance Resolution team, including hiring, training, coaching, performance reviews and terminations. ยท Provide guidance, plans, develops, implements, and communicate operational initiatives to improve the efficiency of the Credit Resolution Team processes. ยท Maintains regulatory and statute knowledge, communicates and updates teams and documents. ยท Manage communications and processes between departments involved in the revenue cycle and identify areas for improvement. ยท Establishes productivity monitoring for the department staff to maximize resources and results. ยท Monitors key performance metrics, addresses issues timely to improve performance and resolve issues. ยท Provides project guidance to successfully implement efficiency of credit resolution practices. ยท Maintains and improves department operations by monitoring system performance, identifying and resolving problems. ยท Act as a technical expert, maintaining current working knowledge of Billing, Payment Posting and Credit Balance resolution. ยท Ensures department compliance with HIPAA guidelines, HR policies and other corporate initiatives. ยท Develop document processes and policies for the department. ยท Work with outsourcing vendors and monitors key performance metrics around assigned credit balance workload to improve overall performance . ยท Promote Intermountain Mission, Vision, and Values ยท Other related duties Patient Credit Balance may be assigned. **Skills** ยท Analytical ยท Collaboration ยท Communication ยท Critical thinking ยท Decision-Making ยท Delegation ยท Innovative ยท Leadership ยท Mentoring ยท Problem Solving ยท Process Improvement ยท Team Building ยท Time Management **Minimum Qualifications** ยท High School Diploma or Equivalent is required. ยท Five (5) years of experience in Healthcare Revenue Cycle (Credit Balance/Resolution, Payment Posting, Claims, Billing, and Insurance and Follow-up) ยท Three (3) years of supervisory experience. **Preferred Qualifications** ยท Bachelorโ€™s Degree ยท HFMA Certification ยท Eight (8) yearsโ€™ experience Healthcare Revenue Cycle Credit Balance/Resolution, Payment Posting ยท Five (5) years Supervisory Experience **Physical Requirements** ยท Ongoing need for employee to see and read information, documents, monitors, identify equipment and supplies, and be able to assess customer needs. ยท Frequent interactions with providers, colleagues, customers, patients/clients, and visitors that require employee to verbally communicate as well as hear and understand spoken information, needs, and issues quickly and accurately. ยท Manual dexterity of hands and fingers to manipulate complex and delicate equipment with precision and accuracy. This includes frequent computer use for typing, accessing needed information, etc. ยท May have the same physical requirements as those of clinical or patient care jobs, when the leader takes clinical shifts. ยท For roles requiring driving: Expected to drive a vehicle which requires sitting, seeing and reading signs, traffic signals, and other vehicles. **Physical Requirements:** **Location:** Peaks Regional Office **Work City:** Broomfield **Work State:** Colorado **Scheduled Weekly Hours:** 40 The hourly range for this position is listed below. Actual hourly rate dependent upon experience. $33.01 โ€“ $50.97 We care about your well-being โ€“ mind, body, and spirit โ€“ which is why we provide our caregivers a generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness that encompasses living healthy, happy, secure, connected, and engaged. Learn more about our comprehensive benefits package here ( https://intermountainhealthcare.org/careers/benefits ) . Intermountain Health is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. At Intermountain Health, we use the artificial intelligence (\โ€AI\โ€) platform, HiredScore to improve your job application experience. HiredScore helps match your skills and experiences to the best jobs for you. While HiredScore assists in reviewing applications, all final decisions are made by Intermountain personnel to ensure fairness. We protect your privacy and follow strict data protection rules. Your information is safe and used only for recruitment. Thank you for considering a career with us and experiencing our AI-enhanced recruitment process. All positions subject to close without notice. #J-18808-Ljbffr

Credit Balance Manager employer: Intermountain Healthcare

Intermountain Health is an exceptional employer that prioritises the well-being of its employees through a comprehensive benefits package designed to support a healthy work-life balance. Located in Broomfield, Colorado, our collaborative work culture fosters professional growth and development, providing ample opportunities for leadership and innovation within the healthcare revenue cycle. Join us to be part of a mission-driven organisation that values diversity and inclusivity while striving for excellence in patient care.
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Contact Detail:

Intermountain Healthcare Recruiting Team

StudySmarter Expert Advice ๐Ÿคซ

We think this is how you could land Credit Balance Manager

โœจTip Number 1

Familiarise yourself with the latest trends and best practices in healthcare revenue cycle management. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.

โœจTip Number 2

Network with professionals in the healthcare finance sector, especially those who have experience in credit balance management. Attend industry events or join relevant online forums to make connections that could lead to valuable insights or referrals.

โœจTip Number 3

Prepare to discuss specific examples of how you've improved processes or resolved issues in previous roles. Highlighting your problem-solving skills and leadership experience will be crucial for this managerial position.

โœจTip Number 4

Research Intermountain Health's mission, vision, and values thoroughly. Being able to articulate how your personal values align with theirs can set you apart as a candidate who is genuinely interested in contributing to their goals.

We think you need these skills to ace Credit Balance Manager

Analytical Skills
Collaboration
Communication Skills
Critical Thinking
Decision-Making
Delegation
Innovative Thinking
Leadership
Mentoring
Problem Solving
Process Improvement
Team Building
Time Management
Knowledge of Healthcare Revenue Cycle
Regulatory Compliance
Project Management
Vendor Management
Performance Monitoring

Some tips for your application ๐Ÿซก

Tailor Your CV: Make sure your CV highlights relevant experience in healthcare revenue cycle management, particularly in credit balance resolution and payment posting. Use specific examples that demonstrate your leadership skills and problem-solving abilities.

Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the organisation. Mention how your background aligns with the responsibilities of overseeing patient credits and improving operational efficiency. Be sure to include any relevant certifications or qualifications.

Highlight Key Skills: Emphasise essential skills such as analytical thinking, communication, and team building in your application. Provide concrete examples of how you've successfully led teams or improved processes in previous roles.

Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a managerial position.

How to prepare for a job interview at Intermountain Healthcare

โœจShowcase Your Leadership Skills

As a Credit Balance Manager, you'll be leading a team. Be prepared to discuss your previous leadership experiences, how you've trained and mentored staff, and any specific strategies you've used to improve team performance.

โœจDemonstrate Your Analytical Abilities

This role requires strong analytical skills. Be ready to provide examples of how you've used data to make decisions or improve processes in the revenue cycle. Highlight any experience you have with key performance metrics.

โœจUnderstand Regulatory Requirements

Familiarise yourself with HIPAA guidelines and other relevant regulations. During the interview, mention how you ensure compliance within your team and how you stay updated on changes in regulations.

โœจPrepare for Scenario-Based Questions

Expect questions that assess your problem-solving skills. Prepare scenarios where you've successfully resolved issues in credit balance management or improved operational efficiency, showcasing your critical thinking and decision-making abilities.

Credit Balance Manager
Intermountain Healthcare
Location: Dover
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