Revenue Cycle Analyst II

Envision Radiology is adding a Revenue Cycle Analyst II to the team!
Monday - Friday 8:00 AM - 5:00 PM | Position Pay Range: $64,050 - $80,050
The role can be on-site or remote in any of the approved states 
Opportunity for additional, discretionary bonus available. 

Summary/Objective:

The Revenue Cycle Analyst II will be responsible for optimizing our organization's financial performance by analyzing, improving, and streamlining revenue cycle processes. The Revenue Cycle Analyst II will be instrumental in enhancing our billing efficiency, maximizing reimbursements, and ensuring compliance with healthcare regulations.

Essential Functions

1. Conducts in-depth analysis of revenue cycle data to identify trends, patterns, and areas for improvement

2. Develops and maintains comprehensive dashboards and reports to track key performance indicators (KPIs)

3. Prepares and presents regular financial reports to senior management, highlighting revenue cycle performance and recommending actionable insights

4. Identifies inefficiencies in the revenue cycle and develop strategies to streamline processes

5. Sets and monitors key revenue cycle metrics, including days in A/R, collection rates, and bad debt percentages

6. Works closely with billing and coding teams to resolve complex denial issues

7. Benchmarks performance against industry standards and identify opportunities for improvement

8. Collaborates with cross-functional teams to implement best practices in billing, coding, and collections

9. Analyzes claim denials to identify root causes and develop strategies to prevent future occurrences

10. Works closely with billing and coding teams to resolve complex denial issues

11. Implements denial prevention strategies and monitor their effectiveness

12. Collaborates with IT teams to enhance system functionality and reporting capabilities

13. Other duties as assigned.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Competencies

• Proficiency in Microsoft Excel and experience with healthcare financial management software
• Familiarity with EMR systems and revenue cycle management tools
• Strong problem-solving skills with the ability to develop innovative solutions
• Excellent verbal and written communication skills
• Ability to work independently and collaboratively in a fast-paced environment

Supervisory Responsibility

This position has no supervision responsibilities.

Work Environment

Work is performed in an office setting with occasional exposure to electronic equipment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to use hands and fingers to handle, feel or operate objects, tools or controls, and reach with hands and arms. The employee is frequently required to talk and hear.

Travel

Some travel is expected for this position.

Job Qualifications

Minimum Qualifications/Experience:

• 4 years of experience in a senior healthcare revenue cycle management or a similar role
• Strong analytical skills with proficiency in data analysis, statistical modeling, and financial forecasting
• In-depth knowledge of medical billing, coding, and reimbursement processes
• Excellent understanding of healthcare regulations, including HIPAA, Medicare, and Medicaid requirements

Preferred Qualifications

• Experience with Lean Six Sigma or other process improvement methodologies
• Knowledge of ICD-10 and CPT coding systems
• Experience in a hospital or large healthcare system setting
• Experience with growth minded organizations
• Proficient in Tableau or MS Power BI

Education/Certifications:

• Bachelor's degree in related field or equivalent education, training and experience.

Additional Eligibility Qualifications

None required for this position.

Compliance

Adheres to Envision’s Code of Conduct and Compliance Policies and attends annual Compliance training as set forth by the Company.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. Other duties may be assigned as needed by supervision.

Company Benefits

Below is a list of benefits that are offered to employees, once eligibility is met.

• Health Benefits: Medical/Dental/Vision/Life Insurance
• Company Matched 401k Plan
• Employee Stock Ownership Plan
• Paid Time Off Paid Holidays
• Employee Assistance Program

OSHA Exposure Rating: 1

It is reasonably anticipated NO employees in this job classification will have occupational exposure to blood and other potentially infectious body fluids.

Envision Radiology is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable federal, state or local law.

Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting.

Salary : $64,050 - $80,050