Assistant Vice President of Revenue Cycle Operations

Synchrony Health Services - Louisville, KY

Full-time - Senior

Louisville, KY

About the position

The Assistant Vice President of Revenue Cycle Operations at Synchrony Health Services is a senior leadership role responsible for overseeing the entire revenue cycle process. This includes managing billing, coding, claims processing, accounts receivable, collections, and revenue optimization while ensuring compliance with regulatory requirements. The position aims to enhance operational efficiency and financial performance within the organization.

Responsibilities

• Lead and manage all aspects of the revenue cycle process.
• Create and execute short-term and long-term revenue cycle goals and objectives.
• Develop policies, procedures, controls, and guidance for the Revenue Cycle Team.
• Identify and recommend organizational changes based on new legislation and regulatory requirements.
• Implement and train new facilities on accounts receivable billing systems and company policies.
• Collaborate with the GL accounting team for accurate month-end close and revenue capture.
• Provide leadership for new hire training development and completion.
• Monitor KPIs, reporting, aging, and company goals for process improvement.
• Partner with other departments to develop reporting and KPIs.
• Oversee claims submission and processing to minimize denials and optimize reimbursement.
• Control costs and adhere to departmental budgets.
• Foster a collaborative and high-performance work environment.
• Ensure accurate and compliant billing and coding practices.
• Prepare and present regular financial reports to senior management and stakeholders.
• Evaluate and select revenue cycle software, tools, and vendors.

Requirements

• CPA or MBA preferred
• 7+ years of Healthcare Experience Required
• Pharmacy Revenue Cycle Experience preferred
• Strong communication skills