Vp Revenue Cycle
4 weeks ago
**Description**
Summary:
**Responsibilities**:
1. Develops, leads and improves revenue cycle workforce, processes, policies and procedures, and technologies to ensure they are developing, building and complying with a clearly defined, effective revenue management approach consistent with the overall mission and strategic plan.
2. Oversees the management and continuous improvement of operational standards to positively impact the overall collection, financial yield, cost to collect, accounts receivable days and service experience. Leads and/or coordinates efforts to reduce denials, eliminate waste, and improve service experience.
3. Maintains deep industry knowledge and seeks out opportunities to employ new technology and/or creative solutions to drive continuous improvement.
4. Oversees Financial Assistance (Charity), Financial Clearance, and Collection policies as well as the allocation of write-offs, related controls, and the procedures and tactics to maintain optimal levels of bad debt and charity.
5. Provides regular reports to the Chief Revenue Officer, and members of the Executive Leadership Team, in written and presentation formats as appropriate. Acts as a single point of accountability for PA and PFS performance and improvement opportunities.
6. Monitors and measures the quantitative performance of PA and PFS, addressing unfavorable trends and areas of risks. Develops a relevant performance reporting suite of metrics, and related structure of performance review meetings to establish an accountable environment.
7. Researches, develops, and applies proven financial, workforce, and process management principles and methods to optimize performance. Monitors local and national emerging and best practices associated with Revenue Management. Reviews and evaluates the effectiveness and efficiency of operations and recommends and guides modifications as conditions change.
8. Enhances the patient and physician service delivery aspects of the revenue cycle, including monitoring patient satisfaction survey data and other data points to refine the procedures which impact the delivery of service and customer satisfaction.
9. Works collaboratively with leaders across the enterprise on issues and improvement opportunities to support growth and margin improvement.
10. Completes or contributes to the completion of various financial forecasts and plans, including annual budgets, annual capital needs, month-end financial reporting, receivables levels (days in AR and aging), cost center productivity, and input to long-range strategic plans.
11. Monitors external contracts/relationships, performance and service levels, including functions outsourced, core and bolt-on technologies, specialty recovery vendors and collection agencies to ensure optimal results.
12. Ensures internal control oversight and compliance with laws and regulations, safeguarding of assets, compliance with policies and procedures, reliability of internal and external reporting, and efficiency and effectiveness of operations. Creates an effective control environment, conducts risk assessment, implements and monitors controls.
13. Models and maintains Nuvance Health values.
14. Performs other duties as required.
Other Information:
Company: Nuvance Health
Org Unit: 1822
Department: Rev Cycle Admin
Exempt: Yes
Salary Range: $94.76 - $175.98 Hourly
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