Director Of Revenue Cycle Management

3 weeks ago

Iselin, United States Hire Point Recruiting Full time
Job DescriptionJob Description

Responsibilities:

  • Revenue Cycle Management: Spearhead the entire revenue cycle process, ensuring all billing, invoicing, and collection activities are executed with precision and on schedule.
  • Billing and Invoicing: Collaborate with internal stakeholders to create accurate and compliant invoices for clients based on service agreements and deliverables.
  • Collections Strategy: Formulate and enforce strategies to ensure timely collection of payments, setting clear terms and robust follow-up protocols.
  • Client Relations: Act as the primary contact for client billing queries, working closely with relationship managers to resolve issues related to billing and payments.
  • Financial Reporting: Regularly prepare and analyze reports on revenue and accounts receivable, identifying trends and areas for improvement, and reporting findings to senior management.
  • Process Improvement: Constantly evaluate and improve revenue cycle processes using advanced technology and industry best practices to minimize delays in payments.
  • Collaborative Efforts: Engage with Sales, Finance, and Operations teams to ensure cohesive revenue-related activities and address discrepancies.
  • Team Leadership: Lead, mentor, and support a team of billing and collections specialists, focusing on professional growth, performance improvement, and feedback.
  • Regulatory Compliance: Maintain strict adherence to relevant regulations, client agreements, and internal policies in all billing and revenue activities.
  • Vendor Management: Manage and negotiate terms with third-party vendors involved in the revenue cycle, ensuring effective collaboration and integration.
  • Systems Integration: Partner with IT and other relevant departments to enhance and maintain revenue cycle management systems for better data accuracy and reporting.


Qualifications:

  • Bachelors degree in Finance, Accounting, Business Administration, or a related field; Masters degree preferred.
  • Over 8 years of progressive experience in revenue cycle management, finance, or similar fields, including at least 5 years in a leadership or managerial role.
  • Extensive knowledge of billing, invoicing, and collections processes
  • Strong skills in financial analysis, reporting, and interpreting complex data.
  • Exceptional communication abilities, capable of effectively engaging with clients, team members, and upper management.
  • Demonstrated leadership prowess with a track record of mentoring and developing teams.
  • High attention to detail with a steadfast commitment to accuracy and regulatory compliance.
  • Familiarity with revenue cycle management software and financial systems is advantageous.


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