Cooper University Health Care - Camden, NJ
posted about 2 months ago
The Revenue Cycle Analyst at Cooper University Health Care plays a crucial role in enhancing the efficiency and effectiveness of the revenue cycle operations. This position is responsible for analyzing key performance metrics within the revenue cycle, developing and refining reports that not only identify existing problems but also highlight potential opportunities for improvement. The analyst will focus on analyzing third-party denials and preparing relevant reports that track trends in third-party payments, denials, and rejections. In collaboration with ancillary departments and third-party payor representatives, the Revenue Cycle Analyst will work to identify the sources of denials and develop processes aimed at eliminating or minimizing untimely payments, underpayments, denials, and rejections. This proactive approach is essential for improving cash flow and ensuring the financial health of the organization. The analyst will be responsible for preparing, mining, evaluating, resolving, distributing, and accurately recording statistics in a timely manner. A key aspect of this role involves a thorough understanding and management of all functions related to third-party billing processes, with a specialization in hospital and professional fee denial management, as well as fee schedule reimbursements. The analyst will create and provide regular updates to reports that help identify and correct issues negatively impacting revenue. Additionally, the role includes reviewing individual denials to determine their causes, monitoring denial trends, and recommending corrective and preventative actions. The Revenue Cycle Analyst will also produce ad-hoc reports and actively participate in global revenue cycle initiatives, leading processes that affect operations within the revenue cycle.