Senior Revenue Cycle Analyst

Job Description

Job Description

Description:

Summary:

The Senior Revenue Cycle Analyst is responsible for overseeing and optimizing key aspects of the healthcare revenue cycle, with a focus on improving operational efficiency, enhancing financial performance, and ensuring compliance with regulatory standards. This senior-level role requires in-depth knowledge of revenue cycle processes, strong analytical capabilities, and the ability to support cross-functional teams in identifying and addressing process inefficiencies. The Senior Analyst plays a critical role in driving improvements, identifying strategic opportunities, and supporting organizational goals through data-driven insights and project leadership.  

**This position requires approx. 50% travel**

Revenue Cycle Strategy & Performance

• Lead complex revenue cycle projects that enhance operational efficiency and financial performance. 

• Conduct in-depth analysis of key performance indicators, including accounts receivable, denials, collections, billing accuracy, payment posting, and other relevant metrics. 

• Provide data-driven recommendations to improve revenue cycle outcomes. 

• Collaborate with leadership to develop and execute performance improvement strategies across departments. 

• Ensure revenue cycle initiatives align with broader organizational goals. 

• Identify automation opportunities and work with IT and operational teams to implement 

solutions that improve workflow speed and accuracy. 

Process Improvement

• Design and implement process improvements across revenue cycle functions, including billing, coding, collections, and denials management. 

• Streamline operations, reduce costs, and support greater consistency across revenue cycle workflows. 

• Lead the development and maintenance of standardized policies, procedures, and workflows to support best practices. 

• Monitor compliance with applicable federal, state, and payer-specific requirements. 

• Ensure adherence to coding, billing, and documentation standards. 

• Identify and mitigate compliance risks within revenue cycle operations. 

Data Analysis & Reporting 

• Create comprehensive data analyses, financial reports, and dashboards to support performance monitoring and executive decision-making. 

• Leverage advanced Microsoft Excel skills to develop financial models, pivot tables, and visualizations. 

• Analyze and interpret financial data to identify discrepancies, forecast revenue, and recommend corrective actions. 

• Highlight trends, risks, and opportunities for improvement through clear reporting and communication. 

Leadership & Collaboration 

• Serve as a subject matter expert on revenue cycle processes. 

• Provide guidance and support to junior analysts and project team members as needed. 

• Act as a liaison between revenue cycle teams and other departments to ensure alignment on process changes and improvement efforts. 

• Support training initiatives by contributing to process documentation, presentations, and performance education. 

Professional Development 

• Stay current on changes in healthcare billing and regulatory requirements. 

• Ensure timely updates to policies, procedures, and training materials. 

• Participate in relevant training and professional development to maintain and advance technical and regulatory knowledge.

• Bachelor’s degree in Business, Healthcare Administration, Finance, or a related field. 

• Minimum of 2+ years of experience in healthcare revenue cycle operations, with a focus on billing, coding, collections, and data analysis. 

• Previous experience in a senior analyst role or leadership role preferred. 

• Strong analytical, problem-solving, and communication skills. 

• Advanced proficiency in Microsoft Excel. 

• Experience with data visualization tools, such as Power BI or Tableau, is a plus. 

• Familiarity with EHR systems, such as Epic, and healthcare billing platforms preferred. 

• Highly organized with the ability to manage multiple projects and meet deadlines in a fast-paced environment.