What are the responsibilities and job description for the Business Office Manager (CBO) position at Ridgeview Institute - Smyrna?
JOIN OUR TEAM AS OUR BUSINESS OFFICE MANAGER!
Monthly Bonus Opportunity (in addition to base pay)!
Your Work Matters How will you make a difference?
The Business Office Manager is responsible for managing the facility’s accounting department and providing direct oversight of the finance department. Manage the daily operations of inpatient, outpatient, and physician business office functions. Integrate with
financial services to ensure the accurate presentation of the facility's financial condition.
Responsibilities
ESSENTIAL FUNCTIONS:
Monthly Bonus Opportunity (in addition to base pay)!
Your Work Matters How will you make a difference?
The Business Office Manager is responsible for managing the facility’s accounting department and providing direct oversight of the finance department. Manage the daily operations of inpatient, outpatient, and physician business office functions. Integrate with
financial services to ensure the accurate presentation of the facility's financial condition.
Responsibilities
ESSENTIAL FUNCTIONS:
- Monitor and report on key metrics, such as cash collections, days outstanding, unbilled work, denials, and daily census, in conjunction with the CFO.
- Establish and maintain controls for all cash collected and posted in the patient accounting system.
- Maintain effective communication with third-party insurance carriers to resolve issues that impede cash flow and detract from patient/member satisfaction.
- Provide staff management to include hiring, development, training, performance management and communication to ensure effective and efficient department operation.
- Maintain effective communication with the leadership team to ensure that all third-party compliance guidelines are met.
- Select and monitor outside collection vendors engaged in the collection of facility receivables.
- Review and balance hospital reports to system reports and approve agency invoices.
- Lead and provide operational directives for all business office activities related to the claims management and collections of the facility's receivables, and ensure timely, efficient cash collections to support the overall financial goals of the facility.
- Define and provide the necessary support and leadership to achieve departmental goals and objectives.
- Review all statistical reports to monitor trends, determine operational deficiencies, and implement corrective action plans as necessary.
- Work closely with Utilization Review and Admissions staff to ensure proper authorization of patient insurance coverage.
- May include managing and directing subordinate staff to identify goals and objectives.
Salary : $60,000 - $70,000
