Revenue Cycle Financial Analyst

2 weeks ago

Atlanta, United States United Musculoskeletal Partners Full time
Job DescriptionJob DescriptionDescription:

*** Athena experience required.***



As a Revenue Cycle Financial Analyst, you will work alongside revenue cycle management and other internal/external stakeholders to develop detailed analysis, key performance indicators, and reporting to drive better performance.

This critical position will analyze current workflows and processes to define ways to measure performance improvement, drive increased cash flow and revenue, achieve reporting efficiencies, and leverage cost savings for the organization. Routinely review billing & collections metrics to ensure timely billing and maximize collections according to insurance collections.

The ideal candidate will be adaptable, flexible, detail-oriented, and a great communicator. If you are highly self-motivated, driven by our mission, and able to build strong, collaborative relationships across all levels of the organization, apply now

PRINCIPAL DUTIES AND RESPONSIBILITIES:

  • Routinely review billing & collections metrics to ensure timely billing and maximize collections according to insurance contracts and established fee schedules, and proactively identify risks and problems impacting agency cash flow.
  • Performs enterprise-wide analytics for net revenue, cash flow, service lines, and labor management.
  • Self-starter, self-sufficient in building and maintaining analytics and reporting solutions from start to end
  • Ability to learn, apply, and implement new reporting, analytics, and automation technologies
  • Drives business decisions using analytics
  • Ensures accuracy and integrity for reporting
  • Provide thorough data analysis of all A/R behavior, with particular attention to billing, collections/follow/up, denials management, and credit balance reconciliation to identify payer trends & patterns.
  • Identifies revenue cycle problems and recommend solutions for improvement.
  • Work closely with revenue cycle management, clinic operations and other departments, ensuring that applications/technologies/workflows function.
  • Keeps Leadership management abreast of all significant matters through formal reporting and informal notification when needed
  • Provides staffing efficiency analysis using analytic reviews
  • Facilitates work sessions to identify gaps and develop proposed staffing/technology efficiency proposals
  • Analyzes staff scheduling and staffing data and processes and provides efficiency recommendations in line with corporate objectives.
  • Works with project management and ancillary departments as necessary to ensure project work plans meet implementation requirements and expectations
  • Champion innovation, leading practices, and continuous improvement within finance operations, including net revenue analysis and labor management.
  • Provide weekly, monthly, and quarterly reporting packages, trend analysis, and KPI reports.
  • Work closely with revenue cycle leadership to develop metrics to reduce controllable denials and write-offs and increase revenue intake.
  • Assist and prepare complex financial and statistical reports that summarize and forecast activity and financial position.
  • Perform special analytical projects and ad hoc analyses by doing research, creating models and make recommendations based on results. Prepare pro-formas for strategic business plan initiatives and operational objectives.
  • Assist with the monitoring and evaluation of budget-to-actual and year-over-year activity ensuring significant deviations are communicated to appropriate decision makers.
  • Responsible for other duties as assigned by UMP’s Revenue Leadership team
Requirements:

• Ability to apply thorough knowledge of the financial concepts, theories, principles and practices of business analysis required

• Advanced experience in working with large data sets, multiple data sources, and interpreting complex data to create meaningful information required

• Prefer experience with Sigma Computing Analytics and PowerBi

• Ability to apply business acumen to external stakeholders required

• Able to analyze financial data and recommend solutions to problems required

• A thorough understanding of planning and analysis for a multi-faceted healthcare organization required

• Strong written and verbal communication skills required

• An optimistic outlook with the ability to work hard and have fun

• Previous experience in physician clinic operations or physician revenue cycle operations

• Experience with AthenaOne and other various patient EMR systems

EDUCATION AND EXPERIENCE REQUIRED

· Bachelor’s degree in healthcare administration, Finance, Business Administration, or equivalent degree from a four-year accredited university or college or associate degree in healthcare administration, Finance, Business Administration plus

· Minimum five years of relevant work experience in analytics or revenue cycle operations within a multi-group or multi-facility environment (MSO or IDN)

· Minimum three years of experience in physician revenue cycle reporting and analytics

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