Revenue Cycle Data Analyst

Job Summary: Under the direction of the Director of Revenue Cycle, the Revenue Cycle Analyst will analyze, interpret, and transform financial and operational data into actionable insights that drive informed decision-making, while utilizing analytical tools and methodologies to enhance revenue cycle processes, identify trends, and contribute to the overall financial success of the organization.

QUALIFICATIONS

1. 2-5 years of experience supporting Finance and Revenue Cycle Services systems in a hospital environment

2. Advanced experience with Data Visualization software, i.e., Tableau, Power BI, etc. required.

3. Advanced data-modeling and financial analysis skills required.

4. Advanced knowledge of Microsoft Excel required with an emphasis on pivot tables.

5. Knowledge of healthcare financial organizations (HFMA, MGMA) benchmarking and KPI’s

6. Excellent verbal and written communication skills with the ability to communicate technical concepts to various audiences including leaders, medical providers, and support staff.

7. Strong organizational skills with the ability to multi-task.

8. Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.

EDUCATION REQUIREMENTS

1. Associate degree with concentration in business, accounting, finance, or equivalent experience.

2. Project management certification a plus.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Core Competencies

Utilize data analytics tools to extract, transform, and analyze large datasets related to revenue cycle processes; including billing, collections, and reimbursement.

Performs analysis of revenue cycle data, including development and usage of ad hoc queries, to identify opportunities to optimize billing accuracy and maximize reimbursement.

Work closely with finance, billing, coding, and IT teams to gather and validate data, ensuring accuracy and completeness.

Collaborate with stakeholders to understand business requirements and translate them into meaningful analytics.

Generate regular reports and dashboards that provide actionable insights to enhance financial performance.

Designs, develops, reviews, updates, and ensures accuracy of Revenue Cycle Dashboards and key performance indicators (KPIs) to assess the effectiveness of revenue cycle operations.

Identify trends, anomalies, and opportunities for improvement based on performance metrics.

Collaborate with revenue cycle teams to understand existing processes and identify areas for improvement.

Recommend and implement data-driven process optimizations to streamline workflows and enhance efficiency.

Utilize predictive modeling techniques to forecast revenue, identify potential bottlenecks, and support strategic decision-making.

Evaluate the impact of proposed changes on revenue outcomes.

Configures, updates, and customizes Revenue Cycle Services applications per change management process.

Create and update reporting related procedures and required documentation, such as workflow and technical documentation as needed

Possesses excellent communication skills along with the ability to prepare and present data and analysis to various audiences.

Performs other duties as defined by the Director of Revenue Cycle.