Director of Revenue Cycle

Chicago, IL

Industry: Accounting and Finance Job Number: Job-1536

Director of Revenue Cycle

 

$140K - $170K plus bonus

 

Chicago, IL

 

Interviewing over the next two weeks

 

Our client has engaged Bell & Associates, Inc. To recruit their next Director of Revenue Cycle.  This person will be responsible for development, implementation and maintenance of all aspects of the organization s Revenue Cycle. They will also be responsible for ensuring staff compliance with policies and procedures, and the revenue integrity of the organization.

 

Responsibilities:

  • Accountable for ensuring appropriate reimbursement and collections for all company services.

  • Responsible for the development and review of capital and operating budgets, revenue cycle management, strategic planning, risk management, complaint handling & resolution, new service development.

  • Develop and maintain strong relationships and credibility with key members of the team; and consult/execute with senior leaders on significant organizational issues related to the attainment of business goals and objectives.

  • Obtain or exceed the specific goals in all three areas of the Revenue Cycle Initiatives:

  • Cash Acceleration

  • Reduction of Avoidable Write-Offs (denials that result in write-offs)

  • Charge Capture

  • Review federal, state, and third party payer publications and alert appropriate superiors, peers, and subordinates of matters that may affect their areas of responsibility. Ensure these materials are filed, current, and are easily accessible to all staff.

  • Work with management staff, other departments, and revenue cycle staff to improve processes, increase accuracy, create efficiencies, resolve related issues, and achieve the overall goals of the department and organization.

  • Develop and execute fiscal year goals and monthly key indicators. Compile and obtain approval of expenses and capital budgets for all areas of responsibility.

  • Ensure claims are billed and collected timely and in accordance with governmental regulations, and contractual obligations. Ensure prompt payment for services rendered from all appropriate parties. Ensure proper documentation activities are appropriate and placed in the collection notes and system workstation.

  • Establish continuous monitoring and quality assurance procedures for all critical reimbursement elements to ensure effective cash flow and maximum reimbursement for services rendered.

  • Direct and coordinate the preparation and timely completion of Revenue Cycle operation schedules, monthly and year-end closing schedules, accruals of contractual allowances and uncollectible accounts, and reconciliation of Revenue Cycle controls.

  • Analyze, evaluate and improve processes to meet or exceed industry standard benchmark performance.

  • Interpret and implement complex rules and regulations governing third-party payers.

 

  • Monitor Revenue Cycle management reports to ensure productivity and performance standards are achieved and to identify negative performance trends and direct timely intervention. Oversee appropriate resolution of inquiries and complaints received.

  • Identify and implement performance and workflow opportunities to maximize patient throughput and cost efficiencies while complying with organizational policies and Federal and State regulations.  Ensuring front-end processes are efficient and effective to prevent avoidable write-offs.

  • Select, train, evaluate and discipline department personnel while fostering good employee relations and encouraging personal and professional development.

  • Select, coordinate and manage third-party vendors that perform functions with the Revenue Cycle.  Assemble dashboards and metrics to monitor and ensure performance of and achievement of results.

  • Collaborate with Ancillary Departments to establish new programs to maximize workflow efficiency and improve the satisfaction of both internal and external customers relative to Revenue Cycle.  Assist with maintaining ancillary departments, Charge Masters.

 

Requirements:

  • Bachelor s degree in Accounting, Finance or Healthcare related field required, Master s degree strongly preferred.          

  • 10 - 15 years of related Revenue Cycle experience including more than 5 years of progressive senior leadership experience required.

  • Extensive knowledge of all regulations and guidelines designated by the company.

  • Knowledge of reimbursement principles, accounting management principles, insurance verification, and cash application controls.

  • Knowledge of system support issues that affect billing, collection, registration, and cash application functions.

  • Knowledge of financial services, consumer credit and collection principles and practices, accounting and governmental and third party payer regulations.

  • Understanding of interrelation between Revenue Cycle and other departments.

  • Demonstrate ability to effectively work with diverse groups of people. 

  • Excellent verbal and written communication skills, communicating thoughts and ideas effectively. 

  • Strong problem-solving skills initiative and resourcefulness in problem identification and problem-solving. 

  • Ability to lead people, set goals and coach staff in the achievement of goals.

 

Bell & Associates, Inc. Was recently recognized by Forbes list of Best Professional Recruiting Firms in America - https://www.Forbes.Com/best-professional-recruiting-firms/list/3/#tab: overall

 

BETTER TALENT. BETTER OPPORTUNITY. FIND IT HERE.

 

Bell & Associates, Inc. Is a recognized Executive Recruiting & Staffing leader based in Kansas City. We focus and specialize in the following practice areas - Accounting/Finance, Engineering, Executive Leadership, Financial Institutions, Healthcare, Human Resources, Information Technology, Manufacturing/Operations Management.  We provide top talent to our clients on a Direct Hire, Contract, and Contract-to-Hire basis.    



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