What are the responsibilities and job description for the Director of Revenue Cycle Management position at UBMD Internal Medicine?
UBMD Internal Medicine is seeking a highly motivated and experienced Director of Revenue Cycle Management to lead and oversee all aspects of the revenue cycle process. This key leadership position is responsible for optimizing billing operations, ensuring compliance, and driving financial performance across our multi-specialty academic medical practice. The ideal candidate will have a strong background in revenue cycle management, a strategic mindset, and a commitment to excellence in patient financial services.
Essential Functions:
Ø Responsible for maximizing billing and collections, ensuring that outstanding patient accounts and accounts receivable are no more than agreed upon limit and that bad debt is within target.
Ø Responsible for developing proficient and effective billing workflows to improve daily productivity.
Ø Develop and organize all billing and revenue cycle activity to include contracting, coding, data entry, collection, insurance verification, patient billing and refunding/crediting balances.
Ø Analyze deficiencies of all self-pay accounts to maximize collections and minimize accounts receivable.
Ø Minimizes denials processing in order to optimize accurate, timely payment of claims.
Ø Produce monthly reports for management to analyze trends, monitor effectiveness of collection efforts, and assist in budgeting and forecasting.
Ø Develops performance-based/productivity-based metrics for staff.
Adheres to HIPAA and confidentiality policies and procedures
Other Functions:
Ø Provides effective communications to providers, staff, administrators and all matters relating to the billing and revenue cycle.
Ø Ability to organize and prioritize workload to manage multiple tasks and meet deadlines.
Ø Attains access to all applicable systems needed to evaluate existing processes to ensure compliance and validate any quality improvements of the billing process.
Ø Reviews company email on at least a daily basis in order to receive and address notifications and/or other pertinent information in a timely manner.
Ø Any other duties as requested or assigned by the Chief Operating Officer and/or other management representative.
Ø May be required to travel to other UBMDIM locations dependent on company need.
Ø Work hours may fluctuate depending on company need.
Minimum Job Requirements:
Education: Bachelor’s degree in Business Administration or Healthcare Administration required.
Experience: Minimum of five years’ experience in revenue cycle required. Experience in healthcare data analytics preferred. Minimum of three years supervisory experience.
Knowledge, Skills &
Abilities: Ability to manage multiple tasks and meet strict deadlines. Strong organizational and prioritization skills. Strong background in financial management and knowledgeable of federal and state laws, and requirements relating to healthcare management. Strong managerial competencies in the areas of leadership and team development, with proven track record in building and developing high performing teams. Above average computer skills including Microsoft Office applications, reporting tools including financial analysis and reporting concepts.
Job Type: Full-time
Pay: $95,000.00 - $110,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- Monday to Friday
Work Location: In person
Salary : $95,000 - $110,000