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Cash Management Analyst

Minneapolis, Minnesota

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, with a primary focus on 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.

Accountabilities & 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 revolve 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+ years 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 their assigned responsibilities
  • High professional standards and personal and professional integrity
  • Proven ability to work with minimal direction, as well as be resourceful and independent in solving problems and multi-task effectively
  • Strong attention to detail
  • Strong critical thinking skills
  • Comfortable working cross functionally within various levels of an organization

Competencies:

  • Change Agent
  • Integrity and Trust
  • Influencing
  • 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.

 

Below is the starting salary or hourly range for this position, although offers may differ based on the candidate's location, job-specific knowledge, skills and experience.

US Pay Range

$23.89 - $31.35 USD

To learn more about our Privacy Statement follow this link - https://tactilemedical.com/privacy-statement/

To learn more about our California Privacy Notice follow this link - https://tactilemedical.com/california-privacy-notice/

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