Sr. Team Lead - Accounts Receivable (AR) / Team Lead - Accounts Receivable (AR) / Subject Matter Expert (SME) - Accounts Receivable / Team Lead - Medical Billing Job Description Template
The Sr. Team Lead - AR / Team Lead - AR / SME - AR / TL - Medical Billing will oversee daily operations of the Accounts Receivable or Medical Billing department. The role requires leadership skills to manage a team, deep knowledge of AR processes, and a focus on optimizing billing and collections efficiency in the healthcare industry.
Responsibilities
- Lead and manage the Accounts Receivable or Medical Billing team.
- Ensure accurate and timely billing and collections.
- Resolve complex billing issues and discrepancies.
- Monitor and report on key performance metrics.
- Provide training and development to team members.
- Implement best practices and process improvements in AR and billing.
- Coordinate with other departments to facilitate smooth financial operations.
Qualifications
- Bachelor’s degree in Finance, Accounting, Healthcare Administration, or related field.
- Minimum of 5 years experience in Accounts Receivable or Medical Billing.
- Proven leadership experience in a similar role.
- In-depth knowledge of AR processes and healthcare billing standards.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
Skills
- Accounts Receivable (AR) management
- Medical billing and coding standards
- Leadership and team management
- Analytical and reporting tools
- Problem-solving
- Communication skills
- Process optimization
- Training and development
Frequently Asked Questions
A Sr. Team Lead in Accounts Receivable is responsible for overseeing the accounts receivable department. Their duties include managing the collection of outstanding invoices, ensuring accurate financial reporting, and liaising with clients. They also implement strategies to improve cash flow, lead a team to meet financial goals, and maintain compliance with company policies and regulations. Their role is pivotal in maintaining the financial health of the organization.
To become a Subject Matter Expert in Accounts Receivable, individuals typically need a background in finance or accounting, often holding a degree in these fields. Additionally, several years of experience in accounts receivable management is essential. Continuous learning and certifications, such as CPA or CMA, can enhance expertise. Strong skills in financial analysis, ERP systems, and exceptional attention to detail are crucial for advancing to this role.
The average salary for a Team Lead in Medical Billing varies based on location, experience, and the size of the organization. In larger companies or metropolitan areas, salaries can be higher than average. A Team Lead typically earns a salary that reflects their supervisory responsibilities, experience, and expertise in medical billing processes. Salaries often include benefits such as health insurance and performance bonuses.
A Team Lead in Accounts Receivable typically requires a bachelor's degree in finance, accounting, or a related field. In addition, several years of experience in accounts receivable or related financial roles is necessary. Strong leadership skills, proficiency in accounting software, understanding of financial regulations, and excellent communication abilities are also key qualifications needed for this position.
A Team Lead in Medical Billing requires skills in healthcare billing systems, coding practices, and insurance processes. They are responsible for leading a team to ensure accurate billing, resolving billing issues, and maintaining compliance with healthcare regulations. Leadership, attention to detail, and proficiency in billing software are critical, along with the ability to train and manage team performance effectively.