Cash Management Analyst New Minneapolis, Minnesota
Tactile Medical, Minneapolis, MN, United States
At Tactile Medical, we specialize in developing at‑home therapy devices to treat lymphedema, chronic venous insufficiency and respiratory illnesses.
The Cash Management Analyst will support multiple aspects of the cash application process, partnering with cross‑functional team members to drive efficiency and maintain automation within the company’s cash collection processes. This role is responsible for creating, reviewing, and distributing reports that support timely and accurate cash collection and application.
Additionally, the Cash Management Analyst will collaborate closely with the Cash Management Lead to further automate cash collection workflows, directly contributing to timely cash posting and improved cash visibility and balances across the organization.
Responsibilities
Review, analyze and interpret remittance information supplied on remittance advice from third‑party portals
Process credit card payments and payer correspondence received via the company’s lockbox
Serve as the primary liaison between the company’s banks and the collections teams to resolve errors
Make calls to insurance/payers to resolve and research payment issues
Research recoupment and offset information for payment posting
Partner with the Cash Management Lead to transition payers from paper transactions to electronic methods of payment, including electronic claims, electronic remittance notices and electronic fund transfers
Assist in review of reimbursement analyses and other reporting, as required, to identify issues or trends and develop a plan to address accordingly
Develop and maintain an environment of continuous process improvement, focused on enhancing and streamlining collections and the related reporting processes
Provide support for system upgrades and implementations
Other duties as assigned
Perform all job duties while maintaining compliance with all appropriate regulatory requirements including SEC, IRS and HIPAA
Education & Experience Required
Bachelor’s or associate degree or equivalent work experience
2+ years of experience in the healthcare field
1+ year of experience in treasury functions
Knowledge & Skills
Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint) with ability to learn various software programs quickly
Strong analytical and problem‑solving skills
Ability to work in a fast‑paced, dynamic and growth environment
Takes ownership of assigned responsibilities
High professional standards and personal and professional integrity
Proven ability to work with minimal direction, while being resourceful and independent in solving problems and multi‑tasking effectively
Strong attention to detail
Strong critical thinking skills
Comfortable working cross‑functionally within various levels of an organization
Change agent
Integrity and trust
Planning
Communication
Decision quality
Process management
Priority setting
Peer relationships
Problem solving
Our total compensation package includes medical, dental and vision benefits, retirement benefits, employee stock purchase plan, paid time off, parental leave, family medical leave, volunteer time off and additional leave programs, life insurance, disability coverage, and other life and work wellness benefits and discounts. Benefits may be subject to generally applicable eligibility, waiting period, contributions, and other requirements and conditions.
As set forth in Tactile Medical’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.
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The Cash Management Analyst will support multiple aspects of the cash application process, partnering with cross‑functional team members to drive efficiency and maintain automation within the company’s cash collection processes. This role is responsible for creating, reviewing, and distributing reports that support timely and accurate cash collection and application.
Additionally, the Cash Management Analyst will collaborate closely with the Cash Management Lead to further automate cash collection workflows, directly contributing to timely cash posting and improved cash visibility and balances across the organization.
Responsibilities
Review, analyze and interpret remittance information supplied on remittance advice from third‑party portals
Process credit card payments and payer correspondence received via the company’s lockbox
Serve as the primary liaison between the company’s banks and the collections teams to resolve errors
Make calls to insurance/payers to resolve and research payment issues
Research recoupment and offset information for payment posting
Partner with the Cash Management Lead to transition payers from paper transactions to electronic methods of payment, including electronic claims, electronic remittance notices and electronic fund transfers
Assist in review of reimbursement analyses and other reporting, as required, to identify issues or trends and develop a plan to address accordingly
Develop and maintain an environment of continuous process improvement, focused on enhancing and streamlining collections and the related reporting processes
Provide support for system upgrades and implementations
Other duties as assigned
Perform all job duties while maintaining compliance with all appropriate regulatory requirements including SEC, IRS and HIPAA
Education & Experience Required
Bachelor’s or associate degree or equivalent work experience
2+ years of experience in the healthcare field
1+ year of experience in treasury functions
Knowledge & Skills
Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint) with ability to learn various software programs quickly
Strong analytical and problem‑solving skills
Ability to work in a fast‑paced, dynamic and growth environment
Takes ownership of assigned responsibilities
High professional standards and personal and professional integrity
Proven ability to work with minimal direction, while being resourceful and independent in solving problems and multi‑tasking effectively
Strong attention to detail
Strong critical thinking skills
Comfortable working cross‑functionally within various levels of an organization
Change agent
Integrity and trust
Planning
Communication
Decision quality
Process management
Priority setting
Peer relationships
Problem solving
Our total compensation package includes medical, dental and vision benefits, retirement benefits, employee stock purchase plan, paid time off, parental leave, family medical leave, volunteer time off and additional leave programs, life insurance, disability coverage, and other life and work wellness benefits and discounts. Benefits may be subject to generally applicable eligibility, waiting period, contributions, and other requirements and conditions.
As set forth in Tactile Medical’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.
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