Chief Revenue Officer

2 months ago

Los Angeles, United States Keck Medicine of USC Full time

The Position

Reporting to Chris Allen, System CFO for Keck Medicine of USC, the newly created role of Chief Revenue Officer will be responsible for systemic approaches that contribute to the capture, management, and collection of patient service revenue. This position will work closely with the System Chief Financial Officer to establish and implement policies and procedures related to revenue cycle practices. The Chief Revenue Officer is responsible for monitoring the revenue cycle process and, along with other revenue cycle stakeholders, improving the revenue cycle process through rate setting, charge capture, supporting the managed care department in negotiation, and cash collections, including but not limited to: maintaining and enhancing the revenue cycle process, including patient accounting, billing, collections, registration, medical records, vendor management, etc. through a cross-department organizational structure. Reviews and develops processes and systems to improve admissions and financial performance and generate cash flow and ensures account information contains accurate and comprehensive data to provide timely billing and optimal reimbursement for services.

Experience/Qualifications

  • Bachelor’s degree in Finance, Business, Health Administration, Public Administration, or related field and practical knowledge of quantitative analysis techniques required
  • Master's degree with academic and practical foundation in advanced multi-variate quantitative analysis techniques preferred
  • 10 years of progressive healthcare management experience (5 years at senior/executive level)
  • Important to understand ALL phases of Revenue Cycle and be able to articulate Rev Cycle to non-Revenue Cycle leaders and staff
  • Experience in multi-hospital systems and/or academic health systems preferred
  • Exceptional business knowledge, general management, and leadership capability to lead business or functional teams
  • Technical and operational capability to define and/or oversee program design in broad area of responsibility
  • Ability to negotiate and compromise, and ability to influence the strategic vision of the organization
  • Strong written and oral communication skills are essential
  • Ability to grasp complex concepts involving contracting and reimbursement relation to AR operations
  • Knowledge of registration, patient accounting, data processing, customer service, California Collection Law, and all insurance billing regulations
  • Effective communication with all customers and ability to work with varying groups at all levels of the organization

Compensation

For the selected candidate, a complete and competitive compensation package will be offered which includes salary ($300k-$480K depending upon experience), incentive bonus, major insurances, PTO, retirement, and relocation assistance.

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