Description
Baptist Health is the largest healthcare system serving central Alabama, providing comprehensive hospital-based and outpatient services to nearly 60 percent of the residents in Montgomery, Autauga and Elmore counties. To learn more about Baptist Health, visit us at baptistfirst.org.
Summary: The Assistant Vice President, Revenue Cycle & Business Operations is a key member of the RCS leadership team with a crucial role in driving the financial success of our organization through strategic planning, operational oversight, and collaboration with corporate, facility, and clinic departments. This individual shall oversee and manage all aspects of revenue cycle operations, including Patient Access, Central Scheduling, and point of service collections, billing, collecting, coding, and reimbursement. Additionally, they will collaborate with various departments to ensure optimal revenue cycle performance and efficient healthcare operations. Monitor and analyze revenue cycle data to identify trends and areas for improvement. Provide leadership and guidance to the revenue cycle team, including setting goals, conducting performance evaluations, and promoting professional development. The AVP shall foster a culture of continuous improvement and innovation within the revenue cycle and business operations, as well as ensure compliance with all applicable laws and regulations related to revenue cycle and billing practices. This individual shall develop and maintain strong relationships with payers and other external stakeholders to optimize revenue cycle processes and resolve any issues. They will serve as a subject matter expert on revenue cycle management and provide guidance and support to other departments and leaders as needed, and to stay current on industry trends and best practices in revenue cycle management and make recommendations for improvement. The AVP shall prepare and present regular reports on performance, improvement processes, and KPI tracking for all areas of the revenue cycle and business operations. Collaborate with finance and reimbursement teams to develop and manage revenue cycle budgets and financial forecasts. Participate in organizational committees and initiatives related to revenue cycle and business operations. Represent the organization at external events and conferences related to revenue cycle and healthcare operations. Uphold the mission, values, and standards of Baptist Health in all interactions and decisions.
Qualifications
Education / Experience: Bachelor’s degree in acute healthcare or related field, Master’s degree in business preferred. Seven years of recent experience in revenue cycle management required.
Knowledge, Skills, and Abilities:
- Knowledge of chargemaster, payer contracting analysis, reimbursement variances, and coordination of payer negotiations.
- Analytic skills needed to drive performance and determine process improvement.
- Analyze, quantify, and summarize data sets, develop financial models and work with Finance, Reimbursement, Payer Contracting, and Revenue Cycle Management departments.
- Develop proposals for payment resolution for claim denials and UR denials regarding long and short-term goals, objectives, and strategies for customer service operations that include Out of Network plans, Marketplace benefits, and Single Case agreements that follow federal and state guidelines.
- Collaborate with Patient Financial Services and Managed Care to develop proactive solutions for denials management.
- Coordinate efforts with PFS and Reimbursement to improve Net Revenue projects that include analyzing and trending historical trends and month-end validation.
- Act as a liaison with IT, Decision Support, Finance, and other departments for Revenue Cycle metrics, systems, and performance.
- Act as a lead resource in coordinating Revenue Cycle with all the facilities and Physician practices for processes supporting all areas of patient accounting.
- Work collaboratively with AVP of PFS, AVP of UR and Case Management, and System Directors of HIM & CDI, and Patient Access and Central Scheduling.
Job Details
Primary Location: Corporate
Work Locations: Corporate 301 Brown Springs Rd ZIP Code 36117 Montgomery
Job: Assistant Vice President
Organization: Baptist Health
Schedule: Regular
Shift: Standard
Job Type: Full-time
Day Job
Job Posting: 07/22/2024, 1:16:38 PM
