Medical Accounts Receivable Specialist

Position Overview

We are seeking a highly motivated and detail-oriented Medical Accounts Receivable Specialist to join our Finance Department in Riyadh, Saudi Arabia. In this pivotal role, you will play a critical part in maintaining the financial health of our leading healthcare organization by overseeing accounts receivable operations, ensuring timely collections, and managing insurance reimbursements. Your expertise will be instrumental in optimizing cash flow, resolving billing discrepancies, and maintaining accurate financial records. If you are passionate about finance, possess strong analytical skills, and have a proven track record in healthcare accounts receivable, we invite you to apply and contribute to our mission of delivering exceptional healthcare services.

Key Responsibilities

The Medical Accounts Receivable Specialist will be responsible for a wide range of financial activities to support the organization’s revenue cycle management. Your core duties will include:

• Accounts Receivable Management: Monitor and manage accounts receivable activities to ensure timely collection of outstanding balances from patients, insurance providers, and other payers.
• Insurance Collections: Proactively follow up with insurance companies to resolve pending claims, verify payment statuses, and expedite reimbursements, ensuring compliance with healthcare billing regulations.
• Account Reconciliation: Review, reconcile, and maintain accurate records of customer and insurance accounts to prevent discrepancies and ensure financial integrity.
• Financial Reporting: Prepare and analyze aging reports, collection reports, and receivable analyses to identify trends, mitigate risks, and support strategic decision-making.
• Billing Discrepancy Resolution: Investigate and resolve billing discrepancies, payment issues, and claim denials in collaboration with internal departments, including billing, patient services, and clinical teams.
• Cross-Departmental Coordination: Work closely with billing, finance, and clinical teams to ensure accurate invoicing, proper documentation, and seamless payment processing.
• ERP System Management: Record, update, and maintain financial transactions within the organization’s ERP system, ensuring data accuracy and compliance with accounting standards.
• Month-End Closing Support: Assist in month-end closing activities, including reconciliations, financial reporting, and audit preparations, to ensure timely and accurate financial statements.

Qualifications & Skills

To excel in this role, you must meet the following requirements:

• Educational Background: A Bachelor’s degree in Accounting, Finance, or a related field from a recognized institution.
• Professional Experience: Minimum of 3 years of hands-on experience in accounts receivable, with a strong preference for candidates who have worked in hospitals, medical centers, or other healthcare settings.
• Healthcare Industry Knowledge: In-depth understanding of medical insurance receivables, collections, and reimbursement processes, including familiarity with healthcare billing codes and regulations.
• Technical Proficiency: Hands-on experience with ERP systems and advanced proficiency in Microsoft Excel, including the ability to create complex financial reports and analyses.
• Analytical & Communication Skills: Exceptional attention to detail, strong analytical abilities, and excellent communication skills to liaise with insurance providers, internal teams, and stakeholders.
• Organizational Abilities: Capacity to manage multiple priorities, meet deadlines, and work independently in a fast-paced environment.

Preferred Qualifications

While not mandatory, the following qualifications will be considered advantageous:

• Prior experience working within the Saudi healthcare sector, including knowledge of local insurance and regulatory requirements.
• Familiarity with healthcare insurance billing and collection processes, such as CPT, ICD-10, and HCPCS coding.
• Certifications in accounting or finance, such as CPA or ACCA, are a plus.

Why Join Us?

As a valued member of our team, you will have the opportunity to contribute to a dynamic and growing healthcare organization that prioritizes excellence, innovation, and patient care. We offer a competitive compensation package, professional development opportunities, and a collaborative work environment where your skills and contributions are recognized. If you are ready to take the next step in your career and make a meaningful impact in the healthcare industry, we encourage you to apply today.