Senior Director Of Revenue Cycle

Sr. Director Revenue Cycle

The Sr. Director is responsible for management of the Revenue Cycle organization and process to ensure the timely and accurate billing of services provided and maximizing collections on all billings for the rehabilitation business unit. The Sr Director's responsibilities include identifying reimbursement issues, ensuring that claims, denials, and appeals are efficiently processed, and resolving billing-related issues. This position will work in collaboration with Contracting, Field Branch Operations, Credentialing, and central functions at Support Center including Cash Control and Accounting. They should be able to lead strategic initiatives, utilize technologies, and create an environment of continual improvement to improve the efficiency of revenue cycle processes and overall financial performance.

Responsibilities

• Manage all aspects of the revenue cycle including but not limited to billing, collections, cash posting, contract analysis, communications with insurance providers, and account management. Perform all end of month closing procedures.
• Develop sustainable processes to bill and adjudicate claims timely to maintain a benchmark cash goal.
• Develop denial management processes to eliminate denial root causes and reduce the denial impact on the organization. Collaborate with clinical departments to resolve and expedite solutions.
• Partner with contracting and operations teams to evaluate collection capabilities and adherence to payer contracts.
• Ensure maximization of cash collections through diligent and timely monitoring of all open accounts receivable balances.
• Establish key metrics and performance indicators aligned with Provider Revenue goals; analyze operating results and take adequate steps to correct shortfalls in quality and collections performance.
• Manage individual(s) including, but not limited to, hiring, training, work assignments, manage and evaluate performance, and conduct professional development plans. Ensure that the productivity and actions of the managed group meet and support the quality goals.
• Determine teams training requirements and ensure that timely and effective training is performed to enhance the skill base of the team.
• Adhere to all policies and procedures, within the most stringent attention to complying with all governmental and HIPAA mandated patient protections.
• Account for internal control responsibilities in line with the organization's objectives.
• Investigate and resolve complex RCM problems and coordinate efforts to provide innovative strategies and solutions.
• Stay abreast of payer requirements and changes in the industry and communicate those changes to team and leadership.
• Assess and respond to current and future internal and external healthcare trends to establish and ensure the necessary direction for revenue cycle activities.

Qualifications