Revenue Accounting Director is responsible for the development and direction of revenue cycle management operations for the organization that optimize the patient financial interaction along the care continuum. Develops strategies to optimize operations and to ensure sufficient cash flow. Being a Revenue Accounting Director establishes targets, policies, and internal controls that will drive improvements and efficiencies in overall service revenue capture and collection. Ensures compliance with regulatory requirements and responsiveness to changes in requirements. Additionally, Revenue Accounting Director coordinates with stakeholders across the organization to drive optimal financial performance. Requires a bachelor's degree. May require Certified Public Accountant (CPA). Typically reports to the cfo or top management. The Revenue Accounting Director manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Revenue Accounting Director typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
CHARACTERISTICS OF WORK:
This position will require very strong industry-based knowledge of revenue cycle management and best practices. This strong leader must take a hands-on roll up their sleeves transformational approach to be successful. The position will have immediate responsibility for two large billing operations totaling more than 25 million in accounts receivable with a disproportionate amount of it aging and needing immediate attention. The position has direct supervision of all employees in RCM and over both databases and accounts receivables. The Revenue Cycle Manager will also need to be strong enough to acquire additional databases for new practices, helping with integration and support as they are acquired into the platform. The position will be expected to collaborate with senior management, provide weekly and monthly updating, but work independently.
EXPERIENCE / EDUCATIONAL REQUIREMENTS:
Education:
Bachelor’s Degree required, degree in Health Care Administration or Business Administration preferred
AND
Experience:
Eight (8) years’ experience in financial management including two (2) years in medical financials
Three (3) years’ experience in managing 15 employee department
ESSENTIAL FUNCTIONS:
The essential functions include, but are not limited to, the following:
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