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Position Overview: The Revenue Cycle Managerwill be responsible for overseeing and managing the revenue cycle operations to optimize revenue, ensure compliance with regulations, and improve overall efficiency. This position requires a strong leader with excellent analytical skills, a deep understanding of revenue cycle processes, and a commitment to continuous improvement.
Key Responsibilities:
Strategic Leadership:
- Develop and implement strategic plans for revenue cycle management to achieve organizational goals.
- Lead and mentor the revenue cycle team to ensure high performance and professional growth.
- Collaborate with executive leadership to align revenue cycle initiatives with organizational objectives.
Revenue Cycle Management:
- Oversee all aspects of the revenue cycle, including billing, coding, collections, and denials management.
- Monitor key performance indicators (KPIs) and financial metrics to identify trends, issues, and opportunities for improvement.
- Implement best practices and innovative solutions to optimize revenue and reduce revenue cycle inefficiencies.
Compliance and Regulatory Oversight:
- Ensure compliance with healthcare regulations, billing guidelines, and payer requirements.
- Stay abreast of industry changes and updates to ensure that revenue cycle processes are compliant and up-to-date.
- Coordinate with the compliance team to conduct regular audits and address any compliance issues proactively.
Process Improvement and Innovation:
- Identify opportunities for process improvements and implement changes to enhance revenue cycle efficiency and effectiveness.
- Leverage technology and automation to streamline revenue cycle processes and reduce manual interventions.
- Drive innovation initiatives to stay ahead of industry trends and adopt new technologies that can benefit the revenue cycle operations.
Stakeholder Collaboration:
- Collaborate with cross-functional teams, including finance, clinical operations, IT, and payer relations, to achieve revenue cycle objectives.
- Build strong relationships with internal and external stakeholders to facilitate communication and collaboration.
- Serve as a subject matter expert on revenue cycle matters and provide guidance and support to stakeholders as needed.
Qualifications:
- Bachelor's degree in Healthcare Administration, Business, Finance, or related field; Master's degree preferred.
- Minimum of 7-10 years of experience in revenue cycle management, with at least 3-5 years in a leadership role.
- Strong knowledge of healthcare billing, coding, reimbursement, and compliance regulations.
- Demonstrated experience in process improvement, strategic planning, and project management.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional leadership, communication, and interpersonal skills.
- Proficiency in revenue cycle management software and Microsoft Office Suite.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco's HR Notice at Collection for California Applicants and Employees .
- Virginia residents may access our state specific policies .
- Residents of all other states may access our policies .
- Canadian residents may access our policies in English and in French .
- Residents of countries governed by GDPR may access our policies .
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual's skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.