Director of Medical Billing and Collection Job Description

Director of Medical Billing and Collection Job Description

Director of Medical Billing and Collection Profile and Description

The director of medical billing and collection leads the team of payment collectors and accountants who are generally employed in large hospitals and pharmaceutical companies with extensive credit sales. He or she has the overall responsibility in service or order-to-cash operations.He or she basically trained more as accountants rather than health care practitioners. He or she has given the task of ensuringthat orders for medical supplies and services are fulfilled and credit sales are monetized within approved credit terms.

Director of Medical Billing and Collection Duties and Responsibilities

There are the following duties and responsibilities of a director of medical billing and collection:

• The director has the responsibility to supervise a team of medical billing collection managers and agents properly.

• It will be needed to ensure that they perform their duties and responsibilities as expected.

• The director ahs the responsibility to ensure that collection agents are prompt in releasing payment notices.

• He or she needs to maintain a pool of 3rd party collection agents for delinquent accounts.

• It will be needed to do the basic jobs such as approving requests for billing deferments, waving of late payment surcharges and payment suspensions for humanitarian reasons

• The duty includes implementing approved billing and collection procedures across the company and its affiliates as well.

• He or she has to implement the policies and procedures of the company business carefully and properly.

• It will be needed to report the stakeholders about the billing and collection reports to match sales reports in regular executive and board meetings.

Director of Medical Billing and Collection Skills and Specification

The skills and specification required fro the job of a director of medical billing and collection:

• The person should necessarily have the good working knowledge of the company’s automated billing and accounting systems or modules in a relevant ERP system.

• The skills required for the job are the excellent communication, diplomatic and negotiation skills.

• He or she should be able to do the organization effectively.

• He or she should have the qualities of being a Excellent leader with the managerial skills to do the effective management.

Director of Medical Billing and Collection Education and Qualification

• A college degree in accounting is basic and n MBA or master’s degree in accountancy is an advantage.
• 13-15 years of experience in accounting with another 4 -7 years in a managerial or executive position in a service industry is basic.

Director of Medical Billing and Collection Salary

The annual salary of the Director for Medical Billing and Collection depends on the hospital size, location and the job holder’s qualification.

• The salary for the post is generally about $66,000 in Minneapolis. This may not include executive perks and bonuses which vary depending on the employer.