Director Patient Accounting

Mt Laurel, New Jersey, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

The Director Patient Accounting must demonstrate leadership and management skills, possess strong financial reporting capabilities, and have a deep understanding of billing and collections processes. They should be knowledgeable about federal, state, and local billing and collection regulations, as well as HIPAA privacy standards. Experience in managing patient accounting operations, including surgical, infusion, and physical therapy scheduling and insurance verification, is essential.

Responsibilities

The Director Patient Accounting is responsible for achieving and maintaining high-functioning patient accounting processes, developing and implementing policies and procedures to support the organization's mission and financial health, and meeting annual goals for cash collections. This role involves managing the patient accounting and collection functions, leading teams, collaborating with other departments, ensuring accurate and timely financial reporting, analyzing trends to improve performance, directing billing and collection processes to optimize cash flow, and ensuring excellent customer service in all patient interactions regarding billing and payment.

Skills

Patient Accounting

Policy Development

Procedure Implementation

Process Improvement

Virta Health

Reverses type 2 diabetes through personalized care

About Virta Health

Virta Health focuses on reversing type 2 diabetes through a combination of personalized nutrition, continuous remote care, and behavioral science. Their treatment is designed for individuals diagnosed with type 2 diabetes, healthcare providers, and enterprise partners like employers and health plans. Unlike many competitors, Virta Health operates on a performance-based model, meaning they only receive payment if they achieve successful outcomes for their patients. This aligns their financial incentives with patient health improvements. The company's goal is to reverse type 2 diabetes in 100 million people, making their approach not just about managing diabetes but actively working towards its reversal.

Denver, ColoradoHeadquarters

2014Year Founded

$362.8MTotal Funding

SERIES_ECompany Stage

Biotechnology, HealthcareIndustries

501-1,000Employees

Benefits

Remote-first work environment

Flexible work hours & time off policy

Health insurance

Paid parental leave

Free Virta treatment & family discount

Internet, home office, learning & development stipends

Employee resource groups

401K & ROTH contribution

Risks

Increased competition in diabetes reversal could threaten Virta's market share.

Rising popularity of GLP-1 medications may divert clients from Virta's approach.

Regulatory changes in GLP-1 prescriptions could impact Virta's business model.

Differentiation

Virta Health offers a medication-free approach to reversing type 2 diabetes.

Their performance-based model aligns financial incentives with patient outcomes.

Virta's continuous remote care platform provides personalized nutrition and behavioral support.

Upsides

Virta Health has achieved over $100M in annualized revenue with sustainable weight loss solutions.

Partnerships with major payers like U-Haul enhance Virta's market reach and credibility.

Growing skepticism about GLP-1 medications boosts demand for Virta's alternative treatments.

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