Senior Manager of Billing & Revenue Accounting, Cedar
$145.4-190k
+ Equity
AI-powered healthcare financial experience platform
Open for applications
AI-powered healthcare financial experience platform
501-1000 employees
Open for applications
$145.4-190k
+ Equity
501-1000 employees
Company mission
To make healthcare more affordable and accessible through our consumer-friendly platform that's powered by data science, smart product design and personalization.
Role
Who you are
- Bachelor’s degree in Accounting or Finance; CPA is a plus
- 7-10 years of Revenue Cycle Management or Revenue Operations experience with an understanding of ASC 606
- Strong understanding of billing and financial processes and the impact to general ledger
- Strong analytical and problem-solving skills
- Strong leadership capabilities with hands on mentorship
- Excellent communication and interpersonal skills, with the ability to collaborate effectively across different teams
- Prior experience in Healthtech or Tech Industry is preferred
- Experience working with Netsuite and Floqast is a plus
- Hands-on experience with modern billing systems (CRM, CPQ, billing platforms) and integration with ERP systems
What the job involves
- As the Senior Manager, Billing and Revenue Accounting, you will be a key leader within the Revenue Accounting team
- You will need to be a strong and empowering people manager who can thrive in a fast-paced environment where you will often be building and improving processes
- In this exciting opportunity, you will be at the forefront of innovation, helping to explore and leverage AI to enhance our revenue accounting and billing processes
- The Senior Manager, Billing and Revenue Accounting will report into our Controller
- Understand the full revenue cycle of the Company – from contract signing, billing effective date, rates and terms
- Responsible for directing and owning the monthly processes surrounding revenue and billing by the financial operations team
- Collaborate well with various departments to ensure revenue is accurate and complete - this includes Legal, Data Engineering, Client Management Leads and Integration Teams
- Lead the billing and revenue accounting efforts for the integration of new products and services, ensuring accurate and compliant revenue recognition, including operationalization and month-end close procedures
- Review supporting files for billing and ensure accuracy and integrity of data
- Review the monthly revenue and COS analytics and other ad-hoc analysis for review
- Work closely with the Controller on implementing changes to the billing process in order to make it more efficient
- Review revenue related account reconciliations and journal entries for month-end close
- Responsible for overseeing two direct reports
Our take
Over $1B is said to be lost annually by physicians as a result of inefficient and disjointed healthcare billing practices. The subsequently low patient satisfaction rates lead to poorer care, and real losses for providers who see patients switching away from their plans.
Cedar looks to remedy these issues with a selection of consumer-facing services which streamline billing, insurance and healthcare processes. Healthcare billing concerns a huge percentage of US adults, so optimizing patient satisfaction is of increasing concern - a great opportunity for the company.
After acquiring competing patient finance streamlining service OODA Health in 2021, Cedar netted substantial funds and launched its Payer Intelligence Layer. This has allowed it to integrate data from insurers and providers to create a single source of information. The company was also endorsed by the Montana Hospital Association's shared services division, to be listed as its only preferred patient financial engagement technology.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Dec 2022
$68.4m
SERIES D
Mar 2021
$200m
SERIES D
Total funding: $394.4m
Company benefits
- Multiple health / dental / vision insurance options to fit your needs
- Generous compensation package, including equity and 401k program matching 100% of your contributions, up to 3% of your annual compensation
- Unlimited PTO for vacation, sick and mental health days–we encourage everyone to take at least 20 days of vacation per year to ensure dedicated time to spend with loved ones, explore, rest and recharge
- We provide up to $10,000 in reimbursement through Carrot Fertility to support comprehensive, inclusive care for family-forming and reproductive health journeys
- 16 weeks of parental leave for all expecting parents
- Remote-friendly team events
- Location flexibility: you can work from home, in our NYC headquarters, or any combination of the two
- Constant learning and development opportunities
- Resources for mental and physical wellbeing
Company HQ
Tribeca, New York, NY
Leadership
Dr. Florian Otto
(Co-Founder & CEO)Previously an Executive at Zocdoc where they drove the commercial adoption of the platform. Also founded a daily deal company in Brazil (ClubeUrbano) that was eventually acquired by Groupon.
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