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)
Job Summary:
We are seeking a highly organized and detail-oriented Revenue Cycle Specialist to join our team. As a Revenue Cycle Specialist, you will be responsible for managing and optimizing the revenue cycle process in a healthcare setting. Your role will involve ensuring accurate and timely billing, maximizing reimbursement, and minimizing denials.
Duties:
- Manage the revenue cycle process from patient registration to final payment
- Review and verify patient insurance information
- Ensure accurate and timely submission of claims to insurance companies
- Follow up on outstanding claims and denials to maximize reimbursement
- Identify and resolve billing errors or discrepancies
- Collaborate with healthcare providers to obtain necessary documentation for claims submission
- Stay up-to-date with changes in healthcare regulations and insurance policies
- Provide support and training to staff regarding revenue cycle processes
Skills:
- Strong knowledge of healthcare management and medical billing processes
- Proficient in using revenue cycle management software and electronic health record systems
- Excellent attention to detail and ability to analyze complex data
- Strong problem-solving skills and ability to resolve billing issues effectively
- Excellent communication skills, both written and verbal
- Ability to work independently and prioritize tasks effectively
Job Type: Full-time
Pay: $79,331.00 - $119,995.00 per year
Benefits:
Healthcare setting:
Medical specialties:
Schedule:
Ability to Relocate:
Work Location: In person
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