Director of Revenue Cycle

Title: Director of Revenue Cycle

Location: New Orleans

Schedule: On-site

Salary: $120,000

Bonus: eligible after 1 year

Benefits: Full medical, dental, vision

Job Description:

Position Summary:

This leadership role is pivotal in guiding and optimizing the organization's financial processes related to patient care. Reporting directly to senior leadership, the position oversees the end-to-end revenue cycle, ensuring compliance with regulations, optimizing financial performance, and enhancing the overall patient financial experience.

Key Responsibilities:

• Manage daily operations related to revenue processes, including coding, billing, collections, and cash flow activities.
• Collaborate with internal departments to ensure accurate and timely billing and receivables processing.
• Oversee team performance, including hiring, training, evaluations, and ongoing professional development.
• Implement quality assurance measures to enhance accuracy and compliance in billing and collection processes.
• Establish and enforce policies and procedures to align with regulatory and organizational standards.
• Develop performance metrics to monitor and improve revenue cycle outcomes, including collections, adjustments, and aging accounts.
• Act as a subject-matter expert on compliance and regulatory requirements in healthcare billing.
• Monitor accounts receivable performance, addressing inefficiencies and implementing process improvements.
• Partner with operational teams to enhance workflows and systems supporting revenue cycle activities.
• Provide regular reports and presentations to senior management, detailing key performance indicators and financial outcomes.
• Address and resolve patient and payer-related concerns to maintain high levels of service and operational efficiency.

Qualifications:

• Bachelor's degree in a relevant field such as Healthcare Administration, Business, Accounting, or Finance. Advanced degree preferred.
• Extensive leadership experience managing both hospital and clinic financial operations.
• Deep understanding of billing processes, payer requirements, and healthcare regulations, including Medicare and managed care.
• Proven ability to analyze financial data and develop strategies for improving performance.
• Strong leadership, communication, and problem-solving skills.
• Experience with healthcare financial systems and reporting tools.

Skills & Attributes:

• Strategic thinker with an ability to implement tactical solutions effectively.
• Adept at managing cross-functional teams and fostering collaboration.
• Detail-oriented with a strong commitment to compliance and operational excellence.
• Demonstrated ability to coach and mentor staff to achieve professional growth and organizational goals.