Job Summary
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The Senior Executive – Accounts Receivable is responsible for managing patient billing, insurance claims, corporate receivables, collections, revenue reconciliation, and ensuring timely realization of outstanding payments. The role focuses on maintaining healthy cash flow, minimizing aging receivables, and ensuring compliance with hospital billing and financial policies.
Key ResponsibilitiesAccounts Receivable Management
- Monitor and manage patient, corporate, TPA, and insurance receivables.
- Track outstanding invoices and ensure timely collection of payments.
- Maintain accurate records of receivables and collections.
- Prepare daily, weekly, and monthly AR reports.
Billing & Revenue Verification
- Review inpatient and outpatient billing for accuracy and completeness.
- Verify charges, discounts, package rates, and approvals before invoicing.
- Coordinate with billing departments to resolve discrepancies.
- Ensure all services rendered are appropriately billed.
Insurance & TPA Follow-up
- Process and monitor insurance and TPA claims.
- Follow up on pending claims, denials, and payment delays.
- Coordinate with insurance companies and TPAs for claim settlements.
- Analyze claim rejections and implement corrective actions.
Corporate Collections
- Manage receivables from corporate clients and government agencies.
- Reconcile corporate accounts and resolve payment disputes.
- Ensure adherence to agreed credit terms and payment schedules.
Reconciliation & Reporting
- Perform periodic reconciliation of receivable balances.
- Prepare aging analysis reports and collection forecasts.
- Monitor collection performance against targets.
- Present AR status and recovery updates to management.
Audit & Compliance
- Ensure compliance with hospital financial policies and statutory requirements.
- Maintain proper documentation for audits and financial reviews.
- Support internal and external audit activities related to receivables.
Team Coordination
- Coordinate with billing, admissions, medical records, insurance, and finance teams.
- Guide junior AR executives and assist in resolving complex collection issues.
- Participate in process improvement initiatives to enhance revenue cycle efficiency.
Key Performance Indicators (KPIs)
- Accounts receivable aging.
- Collection efficiency ratio.
- Reduction in overdue receivables.
- Insurance claim settlement turnaround time.
- Denial/rejection rate reduction.
- Monthly collection target achievement.
- Accuracy of reconciliations and reporting.
Qualifications
- Bachelor's Degree in Commerce (B.Com), Finance, Accounting, or related field.
- MBA (Finance) or professional accounting qualification preferred.
- Knowledge of hospital billing systems, insurance claims, and healthcare revenue cycle management.
Experience
- 5–8 years of experience in Accounts Receivable, Revenue Cycle Management, or Hospital Finance.
- Minimum 3 years of experience in a hospital, healthcare, or multi-specialty healthcare environment.
- Experience handling TPAs, insurance claims, and corporate billing is preferred.
Skills & Competencies
- Strong knowledge of accounts receivable processes.
- Understanding of hospital billing and healthcare finance.
- Proficiency in ERP/Hospital Information Systems (HIS) and MS Excel.
- Strong analytical and reconciliation skills.
- Excellent communication and negotiation abilities.
- Attention to detail and problem-solving skills.
- Ability to manage deadlines and collection targets.
Salary Grade
Senior Executive – Accounts Receivable (Middle Management / Senior Executive Cadre)
Job Type: Full-time
Pay: Up to ₹28,000.00 per month
Benefits:
- Health insurance
- Leave encashment
- Provident Fund
Application Question(s):
- Total years of experience in Accounts & Finance ?
- Do you have experience in accounts receivables ?
- Do you have experience in hospital accounting ?
- Work Location - Kauvery Hospitals - Alwarpet , Is that ok for you ?
- What is your notice period days ?
- Current residence location in Chennai ?
- Highest qualification ?
Education:
Work Location: In person
