What are the responsibilities and job description for the Director of Revenue Cycle Management position at Bako Diagnostics?
Bako Diagnostics
Job Summary
The Director of Revenue Cycle Management is responsible for the performance, strategy, and alignment of revenue operations in the company. Knowledge and Critical Skills/Expertise
• Strong business acumen and leadership skills
• A results-oriented approach to leadership
• Demonstrated team supervision, coaching, and prioritization skills
• Outstanding communication, partnering, teaming, and negotiation abilities
• Strong organizational, troubleshooting, and follow-through skills
• Process improvement identification and implementation skills
• Acute critical thinking, problem solving, and decision quality skills
• Understanding of revenue cycle process, from patient data entry to financial services (collections, billing) Position Requirements (Education, Experience, Licensure/Certifications)
• Bachelor’s or Master’s level degree in business
• 5 years of Revenue Cycle Management experience, laboratory preferred, leadership experience preferred
• PC and Microsoft Office knowledge Tasks, Duties and Responsibilities
• Interacts with physicians, employees and clients in a positive manner consistent with the mission and values of Bako Diagnostics.
• Provides leadership, direction, accountability, and training for direct report employees
• Monitors daily collection activity and AR reports to track and improve performance
• Monitor compliance and adherence to existing policies and procedures through audits, discrepancies reports, and extracted BIS data
• Works with Executive Management and Revenue Cycle team to identify trends with payors, receivables, denials and effectively communicate data, action plans, and metrics
• Monthly AR Analysis and Bad Debt review to determine collectable AR
• Other office support responsibilities, as necessary Working Conditions
The work environment characteristics described here are representative of those and employee encounters while performing the essential functions of their job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The position is assigned to a general office work environment.
