What are the responsibilities and job description for the Revenue Cycle Manager position at Premier Orthopaedics & Sports Medicine?
Premier Orthopedics and Sports Medicine is looking for a Revenue Cycle Manager to oversee our CBO located in Newtown Square, PA.
The Company: Premier Orthopaedics is a full-service orthopaedic practice formed in 2000 that specializes in the diagnosis and care for a wide range of orthopaedic injuries and conditions. Through partnership with the Healthcare Outcomes Performance Company (HOPCo), we have grown to over 50 specialty locations and over 100 physicians across the Greater Philadelphia region!
We’re proud of the company we’ve built as we’ve grown to over 1000 employees to make Premier a place that people love to come to work every day
At Premier Orthopaedics, we are dedicated to taking care of you so you can take care of business! Our robust benefits package includes the following:
- Competitive Health, Pharmacy, Vision, and Dental Plan Benefits
- Disability and Protective Benefits
- HSA with qualifying HDHP plans with company match
- 401k plan with company match
- Employee Assistance Program that is available 24/7 to provide support
- Benefits eligibility on the 1st of the month after hire date!
ESSENTIAL FUNCTIONS
- Manages the day-to-day operations of the billing department to maximize net revenues and cash flows by managing all aspects of the revenue cycle while ensuring adherence to policies and procedures.
- Monitors accounts receivable activities and initiates appropriate corrective measures as needed.
- Communicates performance data and associated action plans to Senior Leadership.
- Identifies and implements processes to achieve key revenue cycle metrics including but not limited to A/R days, unbilled A/R, denial percentage, and cash collections.
- Analyzes large volumes of data and provides financial analysis and regularly presents trends, movements, and status to Senior Leadership.
- Reviews billing work queues regularly to ensure that workloads are distributed evenly, and that the department metrics are being met.
- Resolves complex patient, physician, and other issues when necessary.
- Manages self-pay receivables process to help resolve A/R.
- Develops and implements policies and procedures for designated areas; evaluates new systems and methods and recommends changes, as necessary.
- Communicates with payers and know when and how to escalate payer issues.
- Oversees the hiring, training, and supervision of department personnel and conducts performance evaluations on an annual basis.
- Maintains comprehensive knowledge of third-party billing requirements and reimbursement principles. Also maintains comprehensive working knowledge of payor contracts and ensures that payors are billed according to contract provisions.
- Keeps abreast of compliance regulations, standards, and directives regarding governmental/regulatory agencies and/or third-party payers. Ensures communication and education of such to the Billing department as well as other Revenue Cycle Leaders.
QUALIFICATIONS
- Bachelor’s degree in Business Administration, Accounting, Finance, or equivalent working knowledge preferred.
- A minimum of five (5) years of experience in a leadership role within a billing department in healthcare revenue cycle operations.
- Working knowledge of Revenue Cycle Management process including Collections, Billing, Coding, ICD-9, ICD-10, HCPS, CPT coding, medical terminology, claims processing, Medicare reimbursement guidelines and billing practices.
- Prefer experience working with Orthopaedic specialties.
- Prefer experience with billing for Physical Therapy or ancillary services.
- Previous managerial experience and strong leadership skills with an ability to motivate with a positive attitude that positively impacts others.
- Ability to effectively manage and develop large medical billing teams and the ability to plan and organize workflow, activities, and schedules to ensure efficient departmental operations.
Job Type: Full-time
Pay: From $75,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
Experience:
- Revenue cycle management: 3 years (Preferred)
- supervisory/management: 3 years (Preferred)
Ability to Relocate:
- Newtown Square, PA 19073: Relocate before starting work (Required)
Work Location: Hybrid remote in Newtown Square, PA 19073
Salary : $1,000 - $75,000