Revenue Cycle Analyst

$75,000 - $100,000/Yr

Id Care

posted 4 months ago

Full-time - Mid Level
Remote
Ambulatory Health Care Services

About the position

ID Care is seeking a Full-time Revenue Cycle Analyst in our Billing department. This position is crucial for developing, maintaining, and analyzing various billing and collection reports on a daily, weekly, and monthly basis. The Revenue Cycle Analyst will collaborate closely with revenue cycle leadership and staff to produce accurate and effective statistical and financial information, enabling management to monitor accounts receivable activity continuously. The role involves identifying trends that can enhance overall revenue cycle performance, such as increasing cash collections, reducing denials, and improving billing accuracy. The analyst will interface with process improvement, code auditing, and educational staff to identify high-volume denial trends and assist in root cause analysis to drive improvements. Responsibilities include producing daily, weekly, and monthly reports and graphs on revenue cycle activity, delivering monthly reports to physicians on billing performance, benchmarking reimbursement rates by payor and CPT code, and analyzing potential payor contracts for reimbursement levels. The position may also involve assisting in software implementations as required and performing other duties as assigned. Candidates should possess a Bachelor's degree or equivalent work experience, with a minimum of 4 years of related work experience. Strong working knowledge of ICD-10, CPT codes, physician billing, and third-party reimbursements and contracts is essential. Proficiency in Microsoft Excel is required, and experience with eCW and/or EPIC Enterprise is preferred. The ability to analyze data creatively and present results compellingly is crucial, along with strong analytical and critical thinking skills. The position requires the ability to work independently, meet deadlines, and communicate effectively with team members.

Responsibilities

  • Develop, maintain, and analyze daily, weekly, and monthly billing and collection reports.
  • Collaborate with revenue cycle leadership and staff to produce accurate statistical and financial information.
  • Identify trends to improve overall revenue cycle performance, including cash collections and billing accuracy.
  • Interface with process improvement and code auditing staff to identify denial trends and assist in root cause analysis.
  • Produce daily, weekly, and monthly reports and graphs on revenue cycle activity.
  • Deliver monthly reports to physicians on billing performance.
  • Benchmark reimbursement rates by payor and CPT code.
  • Analyze potential payor contracts for reimbursement levels.
  • Assist in software implementations when required.
  • Perform other duties as assigned.

Requirements

  • Bachelor's degree or equivalent work experience.
  • Minimum of 4 years of related work experience.
  • Strong working knowledge of ICD-10 and CPT codes.
  • Experience with physician billing and third-party reimbursements.
  • Strong Excel skills required.
  • Experience in data analysis/data modeling with the ability to analyze data creatively.

Nice-to-haves

  • Experience with eCW and/or EPIC Enterprise.

Benefits

  • 401(k)
  • Dental insurance
  • Employee discount
  • Health insurance
  • Life insurance
  • Paid time off
  • Tuition reimbursement
  • Vision insurance
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