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)
SCOPE/GENERAL PURPOSE OF JOB:
This position will partner with Executive level client counterparts to deliver key operational results. Translate your industry expertise into strategic vision and generate client buy-in while driving your team to perform at a high level with superior outcomes. To flourish in this role, you will need to possess strong change management skills and have the ability to drive overall performance improvement initiatives allowing the client to invest in their mission. You will function as a change agent to help establish common goals and create alliances across the hospital organization and physician specialty practices to optimize success. This is a high-visibility role and will include daily interaction with client site leaders and executive leadership team. It will also include direct and indirect accountability of internal teams performing the daily analytical activities and improvement initiatives to drive revenue cycle performance.
Responsible for overseeing the overall internal team performance of Revenue Cycle Consulting to ensure all clients’ needs and expectations are met and maintained. Assisting the President of Revenue Cycle Coding Strategies (RCCS) in seeking out and exploring new business lines with existing and prospective clients in the healthcare industry as well as developing new consulting ideas and revenue streams for RCCS. Must have extensive knowledge in all aspects of the Revenue Cycle in both the facility and physician setting.
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