Regional Business Office Manager - Watertown, United States - Watertown Health Care Center

Watertown Health Care Center
Watertown Health Care Center
Verified Company
Watertown, United States

3 weeks ago

Mark Lane

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Mark Lane

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Description

A Nursing Home Regional Business Office Manager is a crucial role responsible for overseeing financial and administrative functions within multiple nursing home facilities within a specified region.


Financial Management:


  • Develop and manage budgets for each nursing home in the region.
  • Monitor financial performance, analyze variances, and implement corrective actions as needed.
  • Ensure compliance with financial policies and procedures.

Billing and Revenue Cycle:


  • Oversee billing processes and ensure timely and accurate submission of claims.
  • Collaborate with billing staff to address and resolve billing issues.
  • Optimize revenue cycle management to maximize reimbursement.

Staff Supervision and Training:


  • Manage and lead the business office staff across multiple locations.
  • Provide training and development opportunities to enhance staff skills.
  • Conduct performance evaluations and address any performance issues.

Compliance and Regulatory Affairs:


  • Ensure compliance with state and federal regulations related to healthcare finance.
  • Stay updated on changes in regulations and implement necessary adjustments.
  • Collaborate with legal and compliance teams to address any compliance issues.

Financial Reporting:


  • Generate and analyze financial reports for senior management.
  • Present financial performance and key metrics to leadership teams.
  • Provide recommendations for improving financial outcomes.

Vendor and Contract Management:


  • Negotiate contracts with vendors and service providers.
  • Monitor vendor performance and address any issues.
  • Optimize costeffectiveness of contracts and services.

Collaboration with Department Heads:


  • Work closely with nursing home administrators and department heads to align financial goals with operational objectives.
  • Provide financial guidance and support for decisionmaking.

Risk Management:


  • Identify financial risks and develop strategies to mitigate them.
  • Collaborate with risk management teams to address potential issues.

Ad Hoc Projects:


  • Undertake special projects or initiatives related to financial improvement or efficiency.

Communication:


  • Communicate financial goals, policies, and procedures to staff.
  • Foster a collaborative and communicative environment within the business office.
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