Revenue Cycle Analyst

About the position

The role is responsible for the financial analysis of revenue cycle data and risk assessment of revenue cycle processes. This includes, but is not limited to, accounts receivable, write offs, denials, and payor analysis. The Revenue Cycle Analyst II will assist in developing financial reports and processes for optimal revenue cycle outcomes, with the ability to assess opportunities for process and reporting changes. This is a highly visible and challenging position, providing key forecasts and actual analysis to the executive team network. We are looking for a highly-motivated self-starter who is extremely analytical and has excellent interpersonal skills to collaborate with multiple teams and departments.

Responsibilities

• Consolidate and analyze operational and financial data to do comparative analyses (forecasting and variance analysis), considering company's goals and revenue cycle financial standing
• Assemble and summarize data to structure sophisticated reports and presentations on financial status, opportunities, and risks
• Accurately gather, synthesize and communicate timely relevant information, that impact revenue cycle metrics, to improve financial and quality performance
• Develop insightful findings, provide recommendations, and help facilitate discussions
• Gain and update job knowledge to remain informed about nuances with our business partners and healthcare changes
• Special ad hoc analyses including running scenario analysis
• Develop and manipulate large data sets as well as analyze data groups to assist in the development and implementation of process improvement strategies
• Prepare timely and accurate accounts receivable dashboard reporting on a monthly basis
• Maintain department standard of productivity metrics related to claims processed, claims rejected, claims denied, collection volume and rates relative to fee schedules, patient payments, account write-offs due to contractual issues and collections problems
• Aid in creating and monitoring models that connect strategies to measures of performance that ensure successful reporting of revenue cycle accounts receivable
• Work with IT, Financial Data Warehouse, and Managed Care to develop dashboards and metrics tracking
• Deliver timely, accurate, and effective analyses and reporting of financial metrics
• Actively participate in the development of new model templates and forecasting tools
• Experience with physician practice management, revenue cycle, payer contracting, managed care models

Requirements

• Bachelor's degree in related field or equivalent work experience to substitute for the bachelor's degree
• Minimum of 2 years of related experience
• Financial Reporting System Experience- Essbase Preferred
• Advanced proficiency in Microsoft Office (Outlook, Excel, Word, and PowerPoint)
• Multidimensional Billing systems technology platforms-NextGen experience preferred
• Strong understanding of revenue cycle operations
• 3 plus years of work analysis experience supporting larger groups
• Ability to review and manage project-based assignments
• Quantitative, with strong attention to detail and high degree of comfort with large data volumes
• Ability to quickly summarize data findings and effectively communicate and/or present results internally, externally, and to management
• Goal oriented forward thinker
• Ability to thrive in a fast-paced environment

Nice-to-haves

• Solid analytical and organizational skills
• Strong interpersonal relationship skills
• Ability to multi-task and prioritize workload in a fast-paced environment
• Excellent verbal and written communication skills
• Goal oriented forward thinker
• Ability to thrive in a fast-paced environment

Benefits

• Competitive Compensation Packages
• 8 Paid National Holidays & 4 additional Floating Holidays
• PTO that includes Vacation and Sick time
• Medical, Dental, and Vision Benefits
• 401k Savings and Retirement Plan
• Paid Parental Bonding Leave for New Parents
• Flexible Work Schedules and Part-time Opportunities
• Generous Employee Referral Bonus Program
• Mentorship Programs- Mentor and Mentee
• Student Loan Repayment Assistance by Location
• Relocation Assistance
• Regional & National traveling CPO/CO/CP opportunities
• Volunteering for Local and National events such as Hanger's BAKA Bootcamp and EmpowerFest