Revenue Cycle Director directs and oversees the overall policies, objectives, and initiatives of an organization's revenue cycle activities to achieve operational goals and cash flow targets. Reviews, designs, and implements processes to optimize the revenue cycle and ensure compliance. Being a Revenue Cycle Director tracks metrics and reports that identify trends and makes recommendations for areas of improvement. May assist in the development of goals and strategies for the department. Additionally, Revenue Cycle Director requires a bachelor's degree. Typically reports to senior management. The Revenue Cycle Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Revenue Cycle Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Description
Position Description
This position manages all operational and strategic leadership functions related to the entire Revenue Department and all centralized revenue cycle functions in a multi-disciplinary, multi-specialty medical clinic setting. They oversee the teams and departments that manage accounts, communications with payor sources, collections, contract analysis, cash posting, billing transactions with clients, medical records and report creation: namely the patient collections, coding, insurance verification, insurance collections, medical records, liens, and accounts receivable departments within the Revenue Department. They implement quality control standards and audits to ensure that all coding is properly billed under the industry guidelines as set by the AAPC.
Position Duties
The position requires the following primary duties to be successful:
Position Expectations
To perform the position successfully, an individual is expected to:
Position Metrics
The execution of the position is quantifiably measured by the following:
Position Requirements
Position Miscellaneous
Requirements
Position Requirements
Minimum Education Level: Bachelor’s degree in Finance, Accounting, Healthcare Administration, or a related field. Master’s degree preferred.
Revenue cycle certification is preferred.
Minimum of 5-7 years of experience in revenue cycle management, preferably in a multi-specialty medical clinic or similar setting.
Proven experience in a leadership role managing a revenue cycle team, as well as direct operational experience in all phases of the medical revenue cycle
MS Office & Excel experience
EHR and PM software experience
Preferred: Ability to multi-task under time pressure. Strong communication and leadership skills
Be team-oriented and able to work with various departments. Be able to make sound decisions while on the move in a fast-paced organization.