Finance Manager

Job Title: Finance Manager

Location: Corporate, COR Holdings

Reports to: Chief Financial Officer (CFO)

Position Overview: We are seeking a highly skilled and detail-oriented Finance Manager to oversee the financial management and analysis of revenue generated through personal injury claims in a chiropractic, pain management, and orthopedic practice. This role will focus on ensuring compliance with billing regulations, liaising with attorneys and billing teams, and providing the CFO with actionable financial insights. The ideal candidate will have a deep understanding of revenue cycles, legal processes, and healthcare compliance, with strong analytical skills to interpret financial data and drive decisions.

Key Responsibilities:

1. Revenue Cycle Analysis & Reporting:

Monitor and analyze revenue generated from personal injury cases, including medical liens, insurance claims, and settlement reimbursements.

• Prepare detailed financial reports for the CFO, highlighting key performance indicators (KPIs) such as collections, revenue, aging, and outstanding balances related to personal injury claims.
• Perform trend analysis to identify opportunities for improving revenue cycle efficiency, reducing aging accounts, and increasing cash flow.
• Analyze and track the profitability of individual personal injury cases and ensure appropriate financial procedures are followed.

1. Compliance & Regulatory Oversight:
   • Ensure that all billing and revenue cycle activities comply with healthcare regulations and personal injury-specific laws.
   • Collaborate with the billing department to ensure proper documentation for personal injury cases.
   • Stay up to date on legal and insurance industry regulations affecting personal injury claims, including lien laws, settlement structures, and payer requirements.
2. Liaison with Attorneys & Billing Teams:
   • Serve as the primary point of contact between the practice, personal injury attorneys, and the billing department.
   • Collaborate with personal injury attorneys to ensure timely receipt of information and documentation for claims.
   • Work with attorneys to resolve any disputes or discrepancies related to billing, insurance claims, or settlement payouts.
   • Provide regular updates and status reports to attorneys regarding outstanding balances, lien collections, and settlements.
3. Data Analysis & Decision Support:
   • Provide the CFO and senior leadership with detailed, actionable financial data and analysis to support decision-making.
   • Identify financial trends, operational inefficiencies, and revenue-generating opportunities within the personal injury segment of the business.
   • Develop financial models for forecasting personal injury revenue, including projections based on case volume, settlement rates, and reimbursement timelines.
   • Support the CFO in preparing financial presentations and strategic plans related to personal injury cases and their impact on the overall financial health of the practice.
4. Cash Flow & Account Reconciliation:
   • Work closely with the billing team to resolve any discrepancies in payment records, settlements, or outstanding balances.
   • Implement strategies to improve cash flow, including following up on overdue claims and ensuring that collections from personal injury cases are appropriately tracked and recorded.
5. Process Improvement & Technology Integration:
   • Collaborate with the CFO and IT department to optimize financial reporting systems, billing software, and other tools to enhance the revenue cycle process.
   • Identify areas for improvement within the revenue cycle and implement process changes to streamline operations and reduce claim denials or delays.
   • Stay informed on best practices for personal injury billing and revenue cycle management, integrating new strategies or technologies that improve efficiency and compliance.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Healthcare Administration, Business, or a related field.
• Minimum 5 years of experience in finance or revenue cycle management, with a strong focus on personal injury claims, healthcare billing, and compliance.
• Proven ability to analyze complex financial data and provide actionable insights to senior leadership.
• Experience in working with attorneys and legal teams to ensure proper handling of personal injury claims and lien management is preferred.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with both internal teams and external stakeholders (attorneys, insurance companies, etc.).
• Proficient in Microsoft Excel, financial analysis tools, and healthcare management software.
• Experience with healthcare compliance, including HIPAA, insurance laws, and personal injury regulations.

Preferred Qualifications:

• Bilingual
• Experience with EHR/EMR systems and specialized revenue cycle management platforms for personal injury practices.

Compensation: Competitive salary based on experience, with a comprehensive benefits package including healthcare, retirement options, and paid time off. Please include salary expectations in your cover letter.