Collections Analyst in Waltham, MA at Benchmark Senior Living

Date Posted: 2/13/2020

Job Snapshot

Job Description

Want to make your mark? At Benchmark, we impact lives through human connection. We are thought leaders creating quality experiences and inspiring personal growth for all who engage with us. We just happen to imagine, build and manage beautiful, private-pay communities geared toward older adults. Are you Called to Care about your work, other people and making a difference? Do you believe that people and teams are Better Together than going it alone? Are you always striving to Be the Benchmark by which all others are measured? Then our core values match. Connect with us –and to what truly matters!

This position’s overall objective will be to reduce past due private pay and subsidized receivable balances with a focus on residents that are discharged. Efforts are to be in accordance with written policy and procedure and through proper due diligence, investigation and direct contact with residents and or

The Analyst will report directly to the Collection Manager, with a strong working relationship with the entire Corporate Accounting team as well as establishing and maintaining a positive and professional working relationship with key community associates such as, the Executive Director, Director of Business Administration and the Regional Director of Operations.  

Principle Duties and Responsibility 

  1. Responsible for maintaining timely reimbursement of Private and Subsidy receivables using established guidelines. Comply, enhance, implement and monitor corporate collection policies and procedures giving emphases on proactive AR strategies and positive collection results.
  2. Establish and maintain positive professional relationships with outside vendors IE: State Subsidy programs including ALSA PILOT (CT), GAFC (MA) Waiver (RI), along with 3rd party collection agencies, litigation attorneys and credit reporting agencies utilizing their services to maximize positive corporate financial return while reducing potential bad debt write offs.
  3. The Collection Analyst will be responsible for all Subsidy receivables which includes maintaining a close working relationship with Benchmarks 3rd party billing agent, Single Source Solutions (SSS).
  4. Reviews monthly remittance reports for accuracy. Communicates and corresponds with appropriate payers, resident responsible parties, family members and communities, to correct or modify payments received as it pertains to reconciling private pay / subsidy liability, including cost sharing, researching denied claims and assigning appropriate payer liability.   
  5. Researches, communicates and responds to inquiries at the home office level as it pertains to private pay / subsidy financial responsibility from residents, resident responsible parties, family members, BSL associates, as well as State personnel accordingly.
  6. Researches and processes final subsidy accounting reconciliation following processes in place for refunds to the appropriate State or Private payer.
  7. Be available to all community and corporate associates assisting them with any collection related matters giving support and guidance where needed.
  8. The Collection Analyst will maintain a portfolio of potential bad debt accounts where s/he is responsible for the monitory collection thereof in accordance to written corporate collection policy and procedure.
  9. The Collection Analyst will establish and maintain a monthly reporting mechanism for tracking and monitoring collection activity on his/her assigned portfolio.            
  10. The Collection Analyst will be available to community associates and must be willing to assist in AR related matters either remotely or on-site at specific or assigned communities as directed.
  11. The Collection Analyst will be expected to have the ability to and be available for at minimum 10% travel.

 

Misc:

  • Other related duties as assigned

Job Requirements

Education / Experience / Licensure / Certification:

  • High School graduate or equivalent certification; Associates degree desirable
  • 5 years progressive AR, Accounting or direct consumer collections experience
  • Working knowledge of Medicaid and Long Term Care billing and reimbursement
  • Comprehensive understanding and knowledge in State and Federal collection rules and regulations IE: Fair Debt Collection Practices Act (Title:8) (FDCPA) and Fair Credit Reporting Act (Title:9) (FCRA)