Ambulatory Surgery Center Business Manager, Short

2 weeks ago

Richmond, United States VCU Health System Full time

The Ambulatory Surgery Center (ASC) Business Manager provides leadership of financial operations by effective management of resources, both human, capital and material, analysis and business management including work/oversight in any combination of the following: business and decision analytics, financial planning and management, budget, procurement, general business operations, facilities management, performance improvement initiatives, and/or information technology coordination in collaboration with administration, nursing, clinical operations, support, and/or medical staff. This role explores and leads identifying business and financial issues related to existing programs and recommending effective, timely recommendations and solutions. Ensures compliance with applicable governmental rules and regulations are met and in collaboration with the Senior Administrator, Ambulatory Surgery Centers, are followed by staff. This role also provides an interface between operating units and centralized accounting functions and works in partnership with the Senior Director, Perioperative Business Services.

Financial Management
- The ASC Business Manager is responsible to develop, track and analyze revenue cycle and statistical reporting for their assigned area (s)to maximize revenue cycle operations, improve processes, and monitor the ASC’s ’ financial performance.
- Responsible for the accurate and timely reporting of the patient accounting data and business office metrics to the perioperative, administrative l and executive leadership teams.
- Coordinates reporting with centers preparing revenue cycle data related to the ASC’s budgets and performance.
- Analyze financial trends utilizing dashboards on a bi-weekly, monthly, quarterly, and annual basis
- Provide support to the ASC leadership team in the revenue cycle management process and distributes reports as appropriate
- Responsible for the coordination of the rate matrix and the fee schedules for the ASCs, making sure they are updated periodically and submitted to finance for approval.
- Supports process improvement efforts of internal and external customers by providing detailed root cause analysis.
- Develops tools and create standards for tracking and monitoring revenue cycle processes for center-specific financials and budgets. Mentors and coaches the leadership team when needed.
- Provides educational and financial analysis to adequately monitor patient accounting transactions, budgeting, accounts receivable management, or other analysis of existing or proposed services
- Assists with gathering and analyzing data for Internal Audits and for Managed Care as well as performs due diligence for proposed centers
- Accurately gather, synthesize, and communicate timely relevant information and recommendations including the regulatory issues that impact revenue cycle for ASCs
- Works with Internal Audit and Compliance Department(s) to conduct periodic reviews of compliance with Health System policies.
- Partners with the ASC Governing Board in developing guidelines and implementing the center’s response to changing healthcare needs.
- Develops and provides input on models to achieve alignment between revenues, quality, and expenses.
- Proactively collaborates with executive leadership to identify and implement best practices related to clinical quality, volume growth, and operational excellence, including recommending, developing, and executing short
- and long-term strategic plans that drive best in class clinical, financial, and operational results.

Fiscal Responsibility
- Collaborate with clinic ASC Senior Administrator and Executive Leadership team in strategic planning and financial forecasting.
- Preparation of annual budgets.
- Produces and reviews monthly financial statements and explains variances against budget; communicates findings and makes suggestions to improve results.
- Reviews monthly Accounts Receivable data including productivity, collections and aging of accounts and makes suggestions to improve results.
- Analyzes and reviews ASC benchmarking data pertaining to specialty and case costing as well as utilization and efficiency. Implements cost effective measures when appropriate.
- Management and oversight of facility contracts.
- Maximizes ASC effectiveness utilizing corporate resources appropriately and effectively.
- Works closely with ASC management staff and medical providers to identify opportunities for reducing operating expenses and enhancing practice revenue.

Business Operations
- Ensure compliance with VCU Health System policies and procedures as related to internal controls.
- Develops, monitors, and collaborates with the nurse leader and Senior Administrator regarding the staffing needs, operations budget, and capital budget.
- Develops, monitors, and control the purchasing plan to stay within the proposed budget and maintain compliance with group purchasing initiatives.
- Ensures compliance with government regulatory age

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