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)
Essential Duties and Responsibilities
*Manages administrative direction of assigned accounts receivable departments: Assesses and makes recommendations to improve the efficiency of current systems/processes for applicable registration and financial services
*Formulates and implements policies and procedures to facilitate the efficient functioning of related departments
*Develops and maintains current departmental manuals
*Develops financial programs consistent with changing regulatory and fiscal environment in accordance with the Health System's mission and vision
*Promotes optimal efficiency and productivity by integrating functions across service lines
*Ensures cash and auditing functions are in compliance with policies and procedures
*Develops and monitors strategic operating goals, objectives and budget; and reports operational performance
*In conjunction with Information Services and Finance, ensures optimal registration flows as they relate to accounts receivables.
Ensures accuracy of patient data statistics as they relate to admissions, discharges, and
outpatient visits
*Ensures the accuracy of third-party allowances.
*Ensures accounts on the aged trial balance reports are handled in an efficient and
accurate manner.
*Reviews and approves refunds as they relate to patients and third parties.
*Communicates patient-related information to appropriate departments, as necessary.
*Ensures compliance with applicable law and regulatory standards.
*Develops, manages and evaluates direct reports; oversees development, management and evaluation of indirect reports
*Manages the efficient use of the department budget
*Experience with EPIC
Please apply to this role using the link below and include your resume. Only qualified candidates will be contacted.
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