What are the responsibilities and job description for the Vice President of Revenue Cycle Management position at Specialty1 Partners?
Job Description
Job Description
Department is Accounting
Reports to Chief Financial Officer
FLSA Status is exempt.
Objective and Purpose :
The Vice President of Revenue Cycle Management (RCM) is responsible for leading and optimizing all aspects of the revenue cycle to maximize financial performance and operational efficiency across supported dental practices. This role ensures the seamless management of billing, collections, and payment processes while maintaining compliance with industry regulations and enhancing the patient financial experience.
The VP of RCM drives strategic initiatives, fosters collaboration with key stakeholders, and leverages innovative technologies to streamline processes and reduce inefficiencies. By building and leading high-performing teams, this role plays a critical part in achieving organizational goals, supporting practice growth, and ensuring the long-term financial health of the organization.
Primary Responsibilities :
- Develop and execute strategies to optimize the revenue cycle and achieve financial goals.
- Build, mentor, and lead high-performing revenue cycle management teams.
- Oversee the centralization of revenue cycle services, platforms, and processes to enhance efficiency and standardization.
- Identify and implement improvements in billing, coding, claims submission, and collections processes.
- Leverage and enhance technology platforms to drive automation and improve accuracy.
- Ensure compliance with industry regulations, payer policies, and legal standards.
- Establish and monitor key performance indicators (KPIs) to track and improve revenue cycle performance.
- Collaborate with clinical, operational, and financial leaders to align revenue cycle processes with organizational goals.
- Manage relationships with third-party vendors, insurance companies, and other stakeholders.
- Improve the patient financial experience by enhancing transparency and accessibility in billing and payment processes.
- Monitor and manage costs associated with revenue cycle operations to improve cost efficiency.
- Provide detailed analysis and reporting on revenue trends, payer performance, and collection rates.
- Lead change management initiatives related to revenue cycle improvements.
- Resolve payment disputes and ensure timely collections from payers and patients.
- Develop and enforce policies and procedures to standardize revenue cycle operations across supported practices.
Requirements :
Benefits :
About Us :
Specialty1 Partners is a practice services organization committed to providing non-clinical, business support services to the nation's leading specialty dental practices. The company was founded in 2019 by four endodontists who wanted to provide unique and differentiated support to specialty dental practices. Originally focusing on support to endodontics practices (under the Endo1 brand), Specialty1 Partners quickly expanded its support to periodontics and oral surgery practices.
Since its founding, Specialty1 Partners has grown rapidly to become one of the largest private owners of specialty dental practices in the US. Headquartered in Houston, TX, Specialty1 Partners is led by its founders and a management team that is focused on ongoing growth and delivery of best-in-class services across its network of practices. Specialty1 Partners currently has over 222 locations across 28 states.
Specialty1 Partners is the direct employer of non-clinical employees only. For clinical employees, the applicable practice entity listed above in the job posting is the employer. Specialty1 Partners generates job postings and offer letters to assist with human resources and payroll support provided to the applicable practice. Clinical employees include dental assistants and staff assisting with actual direct treatment of patients. Non-clinical employees include the office manager, front desk staff, marketing staff, and any other staff providing administrative duties.
Specialty1 Partners and its affiliates are equal-opportunity employers who recognize the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment based on objective criteria and without regard to the following (which is a non-exhaustive list) : race, color, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws. Specialty1 Partners' Privacy Policy and CCPA statement are available for view and download at https : / / www.specialty1partners.com / privacy -policy /
Specialty1 Partners and all its affiliates participate in the federal government's E-Verify program. Specialty1 further participates in the E-Verify Program on behalf of the clinical practice entities which are supported by Specialty1. E-Verify is used to confirm the employment authorization of all newly hired employees through an electronic database maintained by the Social Security Administration and Department of Homeland Security. The E-Verify process is completed in conjunction with a new hire's completion of Form I-9, Employment Eligibility Verification upon commencement of employment. E-Verify is not used as a tool to pre-screen candidates. For up-to-date information on E-Verify, go to www.e-verify.gov and click on the Employees Link to learn more.
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