Vice President of Revenue Cycle

POSITION SUMMARY

The Vice President of Revenue Cycle is a key executive role responsible for overseeing and optimizing the entire revenue cycle process within the organization. This position ensures the effective management of billing, collections, and financial operations while developing and implementing strategies to maximize revenue, minimize financial risk, and ensure regulatory compliance. The VP of Revenue Cycle will lead a team of professionals, collaborate across departments, and drive improvements in financial performance and operational efficiency.

DUTIES AND RESPONSIBILITIES

• Oversee all aspects of the revenue cycle, including patient intake, billing, collections, and accounts receivable.
• Develop and implement strategies to enhance revenue cycle efficiency, reduce days in accounts receivable, and improve cash flow.
• Ensure accurate and timely submission of claims to all payer types, including Medicare, Medicaid, and private insurance.
• Supervise billing operations to ensure compliance with federal, state, and payer-specific regulations.
• Implement best practices for billing and collections processes to optimize revenue recovery and minimize denials.
• Manage the resolution of complex billing issues and payer disputes, working closely with payers and internal stakeholders.
• Review and analyze cash collections and aging trends for each facility. Reports on shortfalls and opportunities to improve collections and revenue recognition.
• Responsible for ensuring AR systems are fully functional and meet the needs of the field by managing with the Information Systems Team and outside vendors.
• Act as liaison / resource for billing audits, internal audits and ADR requests.
• Lead, mentor, and train the revenue cycle team, including billing, coding, and collections staff.
• Evaluate team performance and implement strategies for continuous improvement and professional growth.
• Assist with interview and hire process for business office and revenue cycle personnel.
• Stay abreast of industry trends, regulatory changes, and best practices to ensure the organization remains compliant and competitive.
• Develop and enforce policies and procedures related to revenue cycle management, billing practices, and financial operations.
• Conduct regular audits and reviews to ensure adherence to compliance standards and regulatory requirements.
• Perform other related duties as required and as assigned by senior management.
• Adapt to changes in responsibilities and business needs as the role evolves.
• Performs other related duties as required.

The above listing of duties and responsibilities are not intended to be all-inclusive but rather to serve as a description of the range of duties and general nature of the position. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

KNOWLEDGE, SKILLS, ABILITIES & QUALIFICATIONS

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