What are the responsibilities and job description for the Revenue Cycle Data Analyst (Onsite - Boca Raton, FL) position at Stride MD?
Job Summary:
Company Overview:
Founded in 2019 as Glutality and rebranded in 2023, StrideMD emerged from the need to broaden our focus beyond remote patient monitoring for diabetes. With the acquisition of endocrinology clinics and leveraging our expertise in remote patient monitoring, telehealth, and comprehensive healthcare services, we provide a full spectrum of care. Our mission is to integrate innovative technology with personalized, in-person healthcare to enhance patient outcomes and improve quality of life. StrideMD strives to be a leader in the evolving landscape of healthcare.
Position Objectives:
The RCM Business Analyst is a crucial role supporting the Revenue Cycle Management (RCM) team. This position leverages various analytical tools to improve revenue cycle performance, provide business insights, and support strategic initiatives. The RCM Business Analyst is responsible for creating executive presentations, developing business models for operational leadership, and managing transactional activities that aid the RCM team. Additionally, this role involves conducting root cause analysis, overseeing project management tasks, collaborating directly with executives, and performing ad hoc analytics.
Key Responsibilities:
- Manage detailed analysis to identify inefficiencies and recommend workflow improvements.
- Lead meetings with internal and external team members to define project requirements and suggest solutions for increased efficiency and automation.
- Analyze revenue cycle data, including billing, cash collections, and accounts receivable, to identify trends and suggest solutions.
- Create and optimize weekly/monthly scorecards for all locations/sites.
- Collaborate with IT teams to ensure the stability and performance of reporting and analytics infrastructure.
- Present data and insights clearly to RCM team members, provider partners, and executive leadership.
- Gather data, conduct ad hoc analyses, and assist in the development of analytical data reports.
- Develop a deep understanding of healthcare payers, including Medicare and Medicaid, as well as provider services.
- Adhere to company policies, including Information Security Policies, ensuring maximum security.
- Perform other duties as assigned.
Qualifications:
Education/Experience:
- Bachelor's Degree required in Finance, Economics, Business, or a related field. Graduate degree is a plus.
- Minimum of 3 years of related experience.
- Must have experience in or a strong interest in healthcare, with an understanding of healthcare payers such as Medicare and Medicaid.
Skills:
- Strong analytical and critical thinking abilities with solid business acumen.
- Self-motivated, creative problem solver with strong communication and interpersonal skills.
- Ability to work independently while understanding the big picture and team environment.
- Professional presence, with experience presenting data and insights to executive leadership.
- Excellent communication and presentation skills.
- Strong understanding of financial modeling and/or budget management.
- Attention to detail with the ability to manage multiple priorities.
Computer Skills:
- Proficiency in MS Excel, Word, PowerPoint, and data visualization tools such as Power Pivot, Power Query, and Power BI.
- Familiarity with office software systems, including MS Outlook and Smartsheet.
