Revenue Performance Analyst - Burlington, United States - Beth Israel Lahey Health - Non Executive

Beth Israel Lahey Health - Non Executive

Verified Company

Burlington, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

When you join the growing BILH team, you're not just taking a job, you're making a difference in people's lives.

Job Type:

Regular

Scheduled Hours:

40

Work Shift:

Day (United States of America)

Under the managerial oversight of the Senior Manager, the Revenue Performance Analyst serves as a primary point of contact for Billing Director, Service Line Directors, Managers, Finance Directors, clinical support staff, Physicians, allied health care providers, colleagues and others regarding matters that relate to aspects of professional revenue and other matters relating to professional revenue cycle and modality specific billing processes and/or workflows.

The Revenue Performance Analyst is responsible for working closely with the Service Line Directors and Practice Managers of their assigned specialties to optimize and coordinate revenue cycle/billing activities.

The ultimate goal for this position is to ensure optimal A/R performance by practice. This position will provide strategic guidance to optimize reimbursement and reduce denials.

Responsibilities are performed independently within established department policies and procedures, this position is responsible for improving revenue cycle workflow, efficiency, accuracy, reimbursement, and overall revenue control through operational and system enhancements and/or modifications.

Responsible for developing an environment of customer service, continued learning and increased communication within revenue cycle and between hospital departments.

Throughout the revenue cycle and across the Lahey healthcare organization, the RCA will be responsible for coordinating revenue cycle policies, practices, identifying issues, trends, and provide solutions.

Essential Duties & Responsibilities may include but not limited to:

Serves as the contact and advocate between assigned Service Line Directors and Practice Managers while representing Patient Financial Services and its processes and workflows.
Serves as the contact between Coding, HIM, ADT, CM, Contracting, Finance, and Revenue Cycle Leadership.
Proven analytical skills needed to prepare and analyze monthly reports for each department's specialty. Locate patterns and trends by focusing on high volume denials that have a common denominator. Analyze root cause and determine where efforts need to focus; physician documentation, charging, system edits, payer billing guidelines, workflows etc. Write a detailed summary of issues including recommended course of action to resolve denial.
Communicate results of analysis, including root cause and resolution, to Service Line Directors and Patient Financial Services Senior Leadership.
Analyze and trend monthly write offs by specialty with a goal to reduce write offs. Communicate results to all parties including Service Line Directors and Patient Financial Services leadership.
Facilitate a meeting to involve sub groups of members tasked with determining corrective steps to resolve and avoid denials.
Attends all scheduled meetings that relate to specific specialties and billing workflows and or processes. Communicates minutes to Patient Financial Services Senior Leadership.
Develops and distributes weekly, monthly and ad hoc reports needed by Revenue Cycle Leadership and Finance.
Document and maintain department/specialty specific facts, unique charging scenarios and tips to process and appeal denials.
Responsible for researching payer billing guidelines for specific services related to potential new business or existing services that require current billing guidelines. Results are documented in a template with specific details including, but not limited to, payer policies.
Responsible to advise and assist with revenue operations as they relate to Epic build decisions, in-depth analysis of denials, complex appeals, audits, credits, cash, coding, workflows, data collection, report details, claims and remittance set up, logic and processing and applicable technical issues.
Analyzes outstanding accounts receivable and credits and ensures that these are maintained at the levels expected by Revenue Cycle Leadership.
Participates in complex projects related to denial initiatives and complex investigations into allegations of billing fraud or abuse, as necessary. Provides support for projects in which Senior Leadership is involved.
Proactively identifies problems or opportunities for improvements related to clinical orders and/or clinical documentation and makes recommendations to management and/or the perspective departments with high volume/high dollar values.
Develop, trend, and report monthly and annual statistical reporting dashboard to coincide with departmental and organizational KPIs (Key Performance Indicator).
Respond to questions relative to all reimbursement issues, rejections, and/or billing problems.
Educates/shares information with the Physicians, Coders, Clinical staff and PFS staff regar