Oral Surgery Partners
Senior Director of Revenue Cycle Management
Oral Surgery Partners, Chesterfield, Missouri, United States, 63005
Position Purpose:
The
Senior Director of Revenue Cycle Management
is responsible for overseeing and managing the revenue cycle functions of the organization. This role involves overseeing departments, such as billing, coding, claims processing and accounts receivable, to ensure efficient revenue collection, compliance with regulatory requirements, and financial success. The primary goal of this role is to ensure the efficient and effective management of the revenue generated by the organization.
Essential Functions
Provide strategic leadership to the revenue cycle management team, setting goals and objectives and ensuring alignment with the organization's mission and values.
Develop, implement, and continually refine the revenue cycle strategy to optimize revenue generation, reduce denials, and improve financial performance.
Ensure compliance with all relevant healthcare regulations, including HIPAA, Medicare, Medicaid, and other payer requirements.
Implement key performance indicators (KPIs) and metrics to track and improve the performance of revenue cycle functions. Regularly report on revenue cycle performance to the executive team and board.
Analyze revenue cycle data and financial reports to identify trends, issues, and opportunities for improvement. Develop and execute action plans to address identified areas of concern.
Identify and implement process improvement initiatives to streamline the revenue cycle, reduce inefficiencies, and enhance the patient financial experience.
Evaluate, select, and oversee the implementation of revenue cycle management software and tools to improve efficiency and accuracy in billing, coding, and claims processing, as needed.
Develop and manage the budget for the revenue cycle department, ensuring cost-effective operations and resource allocation.
Recruit, train, and manage a high-performing revenue cycle team. Provide mentorship and support for staff development and career growth.
Collaborate with other departments, including finance, accounting, and clinical departments, to ensure a cohesive and coordinated approach to revenue cycle management.
Strive to create a positive patient financial experience by ensuring transparent and ethical billing and payment processes.
Plan and prepare monthly financial information for business unit leaders and surgeons.
Partner with CFO to improve revenue cycle and cash flow opportunities.
Foster strong relationships with surgeons, leaders, and support services teams; actively address the needs of the practice by resolving concerns, responding to feedback, and understanding the financial data.
Other duties may be required as needed.
Qualifications
Education:
Bachelor's degree in Healthcare Administration, Finance, Business Administration, or related field, Master's degree preferred.
Experience:
Extensive experience in revenue cycle management in a healthcare setting, with a minimum of 8 years Revenue Cycle leadership experience.
Strong knowledge of healthcare regulations, reimbursement methodologies, and revenue cycle best practices.
Performance Requirements:
Excellent financial and quantitative skills.
Strong and effective communication skills.
High degree of professionalism.
Strong interpersonal and relationship building skills.
Ability to work independently and use project management skills.
Independent decision-making skills and utilization of sound judgement.
Excellent organization and multi-tasking skills.
Ability to manage multiple projects to completion with aggressive deadlines.
Travel as needed for training and to perform job functions.
What we do for you:
We offer Medical, Dental, and Vision Insurance plans to our full-time employees.
Two out of the three medical plans offered include Health Savings Account (HSA) eligibility.
Company-paid Life, AD&D and Long-Term Disability coverage.
Additional Voluntary Life and AD&D Insurance for you and your family!
Voluntary Short-Term Disability Insurance available to you as well.
Dependent Care Flexible Spending Account (FSA) offered.
Immediately begin saving for retirement through our 401(k) starting with very first paycheck!
Employer 401(k) contribution and Profit Sharing after six months of employment.
PTO and 8 Paid holidays for fulltime employees!
DISCLAIMER
The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. OPS’s management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
Oral Surgery Partners MSO, LLC is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. As part of this commitment, we will make reasonable accommodations for the known disability of an otherwise qualified individual.
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The
Senior Director of Revenue Cycle Management
is responsible for overseeing and managing the revenue cycle functions of the organization. This role involves overseeing departments, such as billing, coding, claims processing and accounts receivable, to ensure efficient revenue collection, compliance with regulatory requirements, and financial success. The primary goal of this role is to ensure the efficient and effective management of the revenue generated by the organization.
Essential Functions
Provide strategic leadership to the revenue cycle management team, setting goals and objectives and ensuring alignment with the organization's mission and values.
Develop, implement, and continually refine the revenue cycle strategy to optimize revenue generation, reduce denials, and improve financial performance.
Ensure compliance with all relevant healthcare regulations, including HIPAA, Medicare, Medicaid, and other payer requirements.
Implement key performance indicators (KPIs) and metrics to track and improve the performance of revenue cycle functions. Regularly report on revenue cycle performance to the executive team and board.
Analyze revenue cycle data and financial reports to identify trends, issues, and opportunities for improvement. Develop and execute action plans to address identified areas of concern.
Identify and implement process improvement initiatives to streamline the revenue cycle, reduce inefficiencies, and enhance the patient financial experience.
Evaluate, select, and oversee the implementation of revenue cycle management software and tools to improve efficiency and accuracy in billing, coding, and claims processing, as needed.
Develop and manage the budget for the revenue cycle department, ensuring cost-effective operations and resource allocation.
Recruit, train, and manage a high-performing revenue cycle team. Provide mentorship and support for staff development and career growth.
Collaborate with other departments, including finance, accounting, and clinical departments, to ensure a cohesive and coordinated approach to revenue cycle management.
Strive to create a positive patient financial experience by ensuring transparent and ethical billing and payment processes.
Plan and prepare monthly financial information for business unit leaders and surgeons.
Partner with CFO to improve revenue cycle and cash flow opportunities.
Foster strong relationships with surgeons, leaders, and support services teams; actively address the needs of the practice by resolving concerns, responding to feedback, and understanding the financial data.
Other duties may be required as needed.
Qualifications
Education:
Bachelor's degree in Healthcare Administration, Finance, Business Administration, or related field, Master's degree preferred.
Experience:
Extensive experience in revenue cycle management in a healthcare setting, with a minimum of 8 years Revenue Cycle leadership experience.
Strong knowledge of healthcare regulations, reimbursement methodologies, and revenue cycle best practices.
Performance Requirements:
Excellent financial and quantitative skills.
Strong and effective communication skills.
High degree of professionalism.
Strong interpersonal and relationship building skills.
Ability to work independently and use project management skills.
Independent decision-making skills and utilization of sound judgement.
Excellent organization and multi-tasking skills.
Ability to manage multiple projects to completion with aggressive deadlines.
Travel as needed for training and to perform job functions.
What we do for you:
We offer Medical, Dental, and Vision Insurance plans to our full-time employees.
Two out of the three medical plans offered include Health Savings Account (HSA) eligibility.
Company-paid Life, AD&D and Long-Term Disability coverage.
Additional Voluntary Life and AD&D Insurance for you and your family!
Voluntary Short-Term Disability Insurance available to you as well.
Dependent Care Flexible Spending Account (FSA) offered.
Immediately begin saving for retirement through our 401(k) starting with very first paycheck!
Employer 401(k) contribution and Profit Sharing after six months of employment.
PTO and 8 Paid holidays for fulltime employees!
DISCLAIMER
The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. OPS’s management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
Oral Surgery Partners MSO, LLC is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. As part of this commitment, we will make reasonable accommodations for the known disability of an otherwise qualified individual.
#J-18808-Ljbffr