What are the responsibilities and job description for the Director of Revenue position at Omega Hospital?
Position Duties:
The position requires the following primary duties to be successful:
- Managing the multiple components of the revenue cycle include pre-authorization, eligibility and benefits verification, claims submission, payments and payment posting, claims denial management, reporting, and any other functions which involve patient revenue management.
- Supervising the Coding and Charges Department in various duties, such as medical documentation review, proper CPT and ICD-10 documentation and entry, timely entry of all charges, and performing of quality control audits
- Implementing and managing a system to ensure that accurate billing information is entered into the billing system
- Setting and meeting collections goals by department and for the organization overall by managing the collection processes for individual patients, attorneys, and insurance companies.
- Managing staff performance by providing regular feedback, performance reviews, and one-on-one meetings
- Overseeing the hiring and training of staff
- Attendees monthly and/or quarterly AAPC seminars to assure all coding is aligned with the industry standard and changes
- Planning and structuring the department workflow and staffing
- Correctly coding diagnoses and procedures
- Ensuring proper timely filing of all claims by implementing a timely standard of charge entry
- Annually reviewing and updating of charge master
- Negotiating contracts with insurance companies
- Collaborates professionally with clinical staff and all other departments to maintain unity and successful resolve outstanding request
- Keeping updated records and tracking reports as required by management
- Insuring proper filing of liens
- Other duties as requested of the Director of Revenue that are consistent with and appropriate for this position title and role.
Position Metrics:
The execution of the position is quantifiably measured by the following:
- Establishing, managing, and meeting department goals
- Maintains quality control standards for the department through documented quality control audits
- Supports the successful attainment of the global revenue goal
Position Requirements:
- Preferred Education Level: Master’s degree in Finance, Accounting, Healthcare Administration, or a related field.
- Revenue cycle certification preferred.
- Minimum of 5-7 years of experience in revenue cycle management, preferably in a multi-specialty medical clinic or similar setting.
- Proven experience in a leadership role managing a revenue cycle team, as well as direct operational experience in all phases of medical revenue cycle
- MS Office & Excel experience
- Experience with EHR and PM software, specifically NextGen platform preferred.
- Preferred: Ability to multi-task under time pressure. Strong communication and leadership skills
- Be team oriented and able to work with various departments. Be able to make sound decisions while on the move in a fast-paced organization.
Position Miscellaneous:
- 40 hours per week; extended work hours from time to time to meet deadlines
- Setting goals, meeting deadlines and being compliant with departmental policies
- Ability to interact, engage and communicate effectively with executive management, managers and clinic employees
- Physical Demands: frequent sitting; limited lifting up to 10-15 pounds; frequent manipulation of documents; frequent typing or use of keyboard