Full-Time

Associate Director of Payment Posting & Cash Applications

Confirmed live in the last 24 hours

Natera

Natera

1,001-5,000 employees

Genetic testing and diagnostics solutions provider

Biotechnology
Healthcare

Compensation Overview

$133.9k - $167.4kAnnually

Senior, Expert

Remote in USA

Category
Cost Accounting
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Requirements
  • Bachelor’s Degree in related field or equivalent required
  • Minimum of 8 years of experience in managing a high volume, fast growing billing office within the laboratory setting is preferred (staff of 50-100)
  • Extensive knowledge of reimbursement, billing, coding and compliance regulations is required.
Responsibilities
  • Directs Billing Payment Posting and Cash Applications Management and staff to ensure that accurate submission of all claims and timely collections occurs in accordance with all third party contract terms including, Medicare, Medical, managed care, commercial insurance, and direct patient pay.
  • Establishes and maintains all billing and financial data, including medical billing code tables, rate schedules and payer information.
  • Analyzes reimbursement from all sources, including carrier reimbursement exception reporting and follow up pending claims analysis and denials management.
  • Assures maximization of cash collections through diligent and timely monitoring of all open accounts receivable balances.
  • Maintains and enhances billing policies and procedures for each function in the revenue cycle process and ensures staff adherence to policies.
  • Prepares detailed analyses and reports of billing and accounts receivable activity and results, including performance matrixes, bad debt expense and AR days outstanding.
  • Manages for continuous improvements within the revenue cycle process.
  • Effectively interacts with various functional areas Provides mentoring, coaching and performance reviews for direct reports.
  • Manages all outreach billing operations, including hiring, orientation, training, development, coaching, corrective actions, and ongoing monitoring of all staff work-related activities.
  • Ensures consistent quality of the billing services by distributing and assigning duties and responsibilities to employees, ensuring skill levels are appropriate to the assigned tasks, and monitoring the department’s productivity.
  • Leads a high performance team responsible for Data Entry, Cash and Non-cash Posting, Refunds Processing. Provides leadership, drives change, and facilitates process improvements.
  • Actively collaborates with the RCM (Billing) Finance team on analysis of billing activity for monthly financial reporting, the sales and marketing team of new and existing clients, and senior management on performance and new initiatives.
  • Participates in the Compliance Committee for Coding and Billing related items; establishes and enforces departmental and company policies and procedures.
  • Develops and monitors operating procedures and, where necessary, implements changes in workflow to improve productivity. Drafts accurate budgeting and forecasting of headcount and cash receipts.
  • Creates and holds billing leadership accountable for established performance and production standards. Maintains billing related quality patient outcomes.
  • Conducts annual performance evaluations, makes hiring decisions, and develops corrective action plans when necessary.
  • Provides direction to and development of associates through daily coaching, the administration of Performance Management, and the creation and implementation of development plans.
  • Assesses performance and provides timely and constructive feedback to staff.
  • Determines additional training needs.
  • Prepares annual performance evaluations and recommends merit increase and bonus percentages. Promotes organizational efficiency, needed change and continuous quality improvement.
  • Identifies and implements opportunities for automation and improved efficiency.
  • Assists as needed to perform other related duties and special projects as required.
Desired Qualifications
  • Demonstrated leadership ability in a multi-site environment.
  • Capacity to actively engage and communicate with a wide variety of employees, senior leaders and external auditors to drive change and problem solve.
  • Ability to respond to change quickly and generate creative ideas and solutions to emerging business changes.
  • Active, visible and influential leadership style such as ability to directly engage, arrive at conclusions, drive consensus, and monitor actions in support of quality outcomes.
  • Skilled in researching, interpreting, and presenting data in a concise manner.
  • Demonstrates strong ability to effectively plan, organize, and delegate.
  • Leads by example and demonstrates commitment to continual improvement and a passion for excellence.
  • Maintains a high standard of discipline, professionalism, and sound decision making for excellence. Ability to motivate a highly successful team to exceed performance goals, drive change, and lead a growing staff.
  • Personable, persuasive, and comfortable navigating all levels of the workforce.
  • Communication – Proficient verbal and written communication skills.
  • Willingness to share and receive information and ideas from all levels of the organization in order to achieve the desired results.
  • Teamwork – Commitment to the successful achievement of team and organizational goals through a desire to participate with and help other members of the team.
  • Customer Service Focus – Demonstrate a focus on listening to and understanding client/customer needs and then delighting the client/customer by exceeding service and quality expectations.

Natera focuses on genetic testing and diagnostics, providing advanced solutions for cancer detection, organ health, and family planning. Their main technology is cell-free DNA (cfDNA) testing, which analyzes DNA fragments in the blood to detect minimal traces of cancer and assess the health of transplanted organs. Natera differentiates itself by offering genetic counseling services alongside their testing, allowing patients to receive personalized guidance. The company's goal is to improve patient care through precise genetic insights.

Company Stage

IPO

Total Funding

$149.9M

Headquarters

Austin, Texas

Founded

2004

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of liquid biopsy techniques boosts demand for Natera's cfDNA tests.
  • AI integration enhances accuracy and speed of Natera's cfDNA analysis.
  • Growing personalized medicine trend aligns with Natera's customized genetic tests.

What critics are saying

  • Hindenburg report accuses Natera of deceptive sales practices, risking legal challenges.
  • New Prospera Heart features may face slow adoption by healthcare providers.
  • Fetal RhD NIPT demand may drop post-RhIg shortage, affecting future sales.

What makes Natera unique

  • Natera's Signatera test offers personalized ctDNA analysis for cancer patients.
  • Prospera Heart test uses unique Donor Quantity Score for transplant rejection detection.
  • Panorama NIPT test is a leader in non-invasive prenatal testing with 2 million tests.

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Benefits

Flexible medical plans

Investment options

Time off

Workplace perks