As an Accounts Receivable Specialist specializing in third-party billing, you will play a crucial role in managing the financial health of our organization. You will be responsible for ensuring accurate and timely billing, collections, and reconciliation of accounts. Your expertise in third-party billing will help streamline our billing processes, reduce outstanding balances, and improve overall cash flow.

Responsibilities:

• Generate and review invoices for accuracy, ensuring adherence to third-party billing guidelines and regulations.
• Collaborate with internal departments, such as sales and customer service, to obtain necessary information for billing.
• Process and submit invoices electronically or via mail to third-party payers in a timely manner.
• Monitor and track outstanding accounts receivable balances, identify delinquent accounts, and initiate collections efforts.
• Communicate with third-party payers, clients, and internal stakeholders to resolve billing discrepancies, payment issues, and outstanding balances.
• Reconcile payments received from third-party payers with invoices and update financial records accordingly.
• Prepare and analyze accounts receivable reports, highlighting trends, aging balances, and collection efforts.
• Collaborate with the finance team to develop and implement strategies for improving billing processes and reducing outstanding balances.
• Stay updated on third-party billing regulations and guidelines to ensure compliance and accuracy in billing practices.
• Assist with month-end and year-end closing processes related to accounts receivable.