NYU Langone Health - New York, NY

posted 2 months ago

Full-time - Entry Level
New York, NY
101-250 employees
Hospitals

About the position

NYU Langone Health is a world-class, patient-centered, integrated academic medical center, known for its excellence in clinical care, research, and education. It comprises more than 200 locations throughout the New York area, including five inpatient locations, a children's hospital, three emergency rooms, and a level 1 trauma center. Also part of NYU Langone Health is the Laura and Isaac Perlmutter Cancer Center, a National Cancer Institute designated comprehensive cancer center, and NYU Grossman School of Medicine, which since 1841 has trained thousands of physicians and scientists who have helped to shape the course of medical history. At NYU Langone Health, equity, diversity, and inclusion are fundamental values. We strive to be a place where our exceptionally talented faculty, staff, and students of all identities can thrive. We embrace diversity, inclusion, and individual skills, ideas, and knowledge. In this role, the successful candidate as the Revenue Management Associate Analyst will support the Revenue Management Department through the identification, quantification, and execution of special projects identifying areas of increased net revenue opportunities. The analyst will provide reimbursement analysis. This will be accomplished by reviewing current practices as they relate to system interfacing, account audits, contractual language, and any other system or department that may impact the financial health of this institution. The Associate Analyst reports to the Revenue Management Manager.

Responsibilities

  • Maintains and updates the monthly workload tracking document.
  • Performs and participates in other related duties as required.
  • Provides knowledge transfer and support to RMD staff.
  • Performs data collection, tracking and analytical duties to respond to key issues, increase/track reimbursement opportunities and process efficiency and in support of the decision making process of leadership from multidisciplinary perspectives.
  • Assist in identifying trends for process improvement projects with departments with the purpose of increasing overall net revenue and charge capture rates, and securing optimal efficiency.
  • Works collaboratively with Auditors and department management/administration to understand services provided to explore and capitalize on opportunities for increased reimbursement.
  • Based on charge audit trends, identifies administrative errors, inaccurate service code assignment, and discrepancies in interpretation of charging and/or reimbursement methodologies.
  • Data mines from hospital information systems, and runs reports as requested to find opportunities for revenue generation.

Requirements

  • Bachelor's degree in Economics/Statistics, Finance, Business Management, Healthcare administration or a related field or equivalent combination of education and experience.
  • Three years of related health care administration/financial or revenue cycle analysis experience.

Nice-to-haves

  • Experience in financial analysis, budgeting, business and process analysis, working knowledge of third party reimbursement.
  • Comprehensive understanding of audit and reimbursement systems, managed care contracts, rate structures, billing and collection processes and procedures, utilization review, health care information systems, outpatient revenue, home health, and other related health care topics.
  • Strong analytical skills and excellent communication skills.
  • Knowledge of managed care terminologies and ability to interpret hospital bills, explanation of benefits, and medical records.
  • Strong computer and systems application skills.
  • Strong knowledge of NYULMC IT systems such as Epic and EPSi.
  • Experience in MS Access, Excel and Word.

Benefits

  • Health insurance coverage
  • Dental insurance coverage
  • Vision insurance coverage
  • 401k benefit for retirement savings plan
  • Paid holidays
  • Flexible scheduling
  • Professional development opportunities
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