What are the responsibilities and job description for the Collections Supervisor position at TPS Group?
Collections Supervisor
Los Angeles, C
13-Week W2 Contract Assignment (potential to extend / convert)
Pay : $35-37 / HR
Our client, a leading private university in Los Angeles, CA is seeking an experienced Collections Supervisor to join their team. This role will directly support the university Medical Enterprise department.
Position Summary :
The Payment Posting Supervisor is responsible for overseeing the daily cash posting operations, ensuring accuracy and efficiency in all payment transactions. This role supervises a team of cash posting specialists and is responsible for maintaining the integrity of financial records by monitoring discrepancies and ensuring compliance with payer contracts and fee schedules. The ideal candidate will possess strong analytical skills, be detail-oriented, and have extensive experience in payment posting, billing, and collections. This position works cross-functionally with various departments to drive process improvements and maintain a high level of financial accuracy and efficiency.
Essential Responsibilities :
- Oversee all daily cash posting processes, ensuring accurate and timely application of payments.
- Monitor and resolve discrepancies in payment posting, including payer trends and contract adherence.
- Evaluate and recommend changes to treasury products to optimize transaction efficiency.
- Monitor electronic payments and verify compliance with internal controls.
- Ensure accurate and timely posting of all batches, including suspense accounts and unidentified cash.
- Identify and process necessary payment adjustments and correspondence for additional billing or reimbursement maximization.
- Implement and test regulatory requirements related to payment processing and cash posting, including HIPAA-mandated X12 transactions and EDI 835 Health Care Claim Payment / Advice transactions.
- Monitor and manage credit inventory, ensuring resolution within regulatory deadlines.
- Investigate and review adjustments and refunds, ensuring all necessary actions have been completed.
- Ensure reporting systems are in place to track and trend daily cash postings and resolution times.
- Manage and oversee resolution of unidentified cash balance accounts.
- Escalate issues timely with appropriate follow-up until resolution is achieved.
- Lead and develop a high-performing team, maintaining a strong focus on engagement, productivity, and quality standards.
Required Qualifications :
Preferred Qualifications :
Please submit your resume in Word or PDF format to be considered.
Salary : $35 - $37
