Accounts Receivable Manager Interview Questions and Answers

To increase payment in denials, implement effective denial management strategies and improve the claims submission process.

• Analyze denial trends to identify common reasons for denials

• Implement proactive measures to prevent denials, such as accurate coding and thorough documentation

• Develop a robust denial management system to track and resolve denials efficiently

• Train staff on denial prevention and resolution techniques

• Establish strong communication channels with payers to add...read more

I have over 5 years of experience managing Accounts Receivable for a medium-sized company.

• Managed a team of 5 AR specialists to ensure timely collection of outstanding invoices

• Implemented new software to streamline invoicing and payment processes

• Reduced outstanding AR balance by 20% within the first year

• Worked closely with sales and customer service teams to resolve billing discrepancies

I can help in automation by implementing software and tools to streamline AR processes.

• Implementing an automated billing system to generate invoices and send them to customers

• Integrating payment gateways to allow customers to pay online

• Using machine learning algorithms to predict payment behavior and identify potential delinquencies

• Automating the collections process by sending reminders and follow-up emails

• Implementing a centralized database to store customer information and ...read more

Aging days are calculated by determining the number of days between the invoice date and the current date.

• Subtract the invoice date from the current date to get the number of days since the invoice was issued

• Group invoices by the number of days past due (30, 60, 90, etc.)

• Use aging reports to track overdue invoices and prioritize collections efforts