Vice President, Revenue Cycle Services - Parsippany, United States - Med-Metrix

Description

Job PurposeThe Vice President, Revenue Cycle Services will have a major impact on the ongoing partnership with key clients of the organization by demonstrating finesse with client relationships, thorough knowledge of client needs and RCM operational expertise.

Duties and ResponsibilitiesOversee end to end revenue cycle service management for designated client(sMaintains acceptable levels of days in A/R, bad debt, and other key indicatorsAnalyzes financial results, develops and implements action plans as neededPartners with appropriate resources on chargemaster strategic pricing, evaluates charge structure, contractual terms and conditionsAct as a technical expert in regards to financial class responsibility for client and team membersDevelop and drive strategic initiations to optimize operating results and improved performanceDevelop strategic annual plans to achieve client KPIsSeek and develop opportunities for new services, revenue generation, and/or process optimizationConduct regular visits to client facilities for touch point meetings including account reviews (with associated data and policy analysis) as appropriateReport on trends in payments and/or denials; procedural issuesMake recommendations to the client for correction of trendsWork closely with all levels of client and Med-Metrix leadership on issues and initiates related to revenue cycle management operationsManages vendor and other 3rd party resources as appropriate and ensuring performance adheres to client expectations and KPIsAccountability for profit and loss of client RCM activities including workforce management and revenue forecastsEnsure all compliance and safety standards at client sites are maintained and adhered to by Med-Metrix employeesEnsure timely and direct resolution of client issues and involve other team members as appropriateEnsure operational team members adapt and respect client culture nuances to result in an exceptional customer experienceOther duties as assigned by the management teamUse, protect and disclose patients protected health information (PHI) only in accordance with Health Insurance Portability and Accountability Act (HIPAA) standardsLimit viewing of PHI to the absolute minimum as necessary to perform assigned dutiesUnderstand and comply with Information Security and HIPAA policies and procedures at all timesLimit viewing of PHI to the absolute minimum as necessary to perform assigned dutiesRequirementsQualificationsUndergraduate degree; post graduate degree preferred; degrees in Accounting or Finance preferred10+ years of progressively responsible financial leadership rolesExperience in healthcare consulting, sales or RCM operation managementDetail oriented and well organizedAbility to perform under pressure in a calm manner & maintain a positive attitudeExcellent, customer service, verbal, written, listening and interpersonal skillsProficient computer skills including Microsoft Office Suite.

Must have intermediate Excel skillsetSelf-motivated and resourceful with the ability to multitask and successfully operate in a fast paced, team environmentAbility to work well individually and in a team environmentMust adapt well to change and successfully set and adjust priorities as neededStrong analytical skillsWorking Conditions

Physical Demands:
While performing the duties of this job, the employee is occasionally required to move around the work area; Sit; perform manual tasks; operate tools and other office equipment such as computer, computer peripherals and telephones; extend arms; kneel; talk and hear

Mental Demands:
The employee must be able to follow directions, collaborate with others, and handle stress

Work Environment:
The noise level in the work environment is usually minimal.

Med-Metrix will not discriminate against any employee or applicant for employment because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), political affiliation, military service, veteran status, other non-merit based factors, or any other characteristic protected by federal, state or local law.

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