Revenue Cycle Director directs and oversees the overall policies, objectives, and initiatives of an organization's revenue cycle activities to optimize the patient financial interaction along the care continuum. Reviews, designs, and implements processes surrounding admissions, pricing, billing, third party payer relationships, compliance, collections, and other financial analyses to ensure that clinical revenue cycle is effective and properly utilized. Being a Revenue Cycle Director tracks numerous metrics related to the patient engagement cycle including record coding error rates and billing turnaround times to develop sound revenue cycle analysis and reporting. Manages relations with payers and providers to generate high reimbursement rates and a low level of denials. Additionally, Revenue Cycle Director requires a bachelor's degree. Typically reports to top 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)
The Director, Revenue Cycle Management reports to the Chief Operating Officer and is responsible for ensuring the consistency, quality, and coordination of revenue cycle operations, procedures, and best practices to optimize the revenue generated though the provision of services to consumers. The Director reviews, designs, and implements processes surrounding registration, billing, collections, credentialing, billing compliance, reporting and completes other financial analyses to ensure that the revenue cycle is effective and properly adhered to.
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The above statements are not to be interpreted as an exhaustive list but are intended to describe the general nature and level of work being performed by this employee.
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