Senior Financial Analyst Revenue Management

2 months ago


Bridgewater, United States Hire Point Recruiting Full time
Key Responsibilities:
  • Oversee and optimize revenue cycle management processes to ensure timely and accurate billing, collections, and revenue recognition.
  • Partner with the accounting team to monitor and manage accounts receivable, focusing on reducing days outstanding and improving cash flow.
  • Develop and maintain comprehensive KPI reports related to revenue cycle performance, including metrics such as collection rates, denial rates, and days in accounts receivable.
  • Analyze revenue cycle data to identify trends, issues, and opportunities for improvement.
  • Provide actionable insights and recommendations to management based on financial analysis and revenue cycle performance.
  • Collaborate with clinical and operational teams to streamline processes and enhance revenue cycle efficiency.
  • Prepare and present detailed financial reports to senior management, highlighting key revenue cycle metrics and performance.
  • Support month-end close processes by ensuring accurate revenue recognition and reconciliation of accounts receivable.
  • Assist in the development and implementation of revenue cycle policies and procedures to ensure compliance with industry standards and regulations.
  • Participate in strategic planning and decision-making processes related to revenue cycle management and financial performance.
  • Continuously monitor industry trends and best practices to ensure the company remains at the forefront of revenue cycle management in the healthcare sector.
Requirements:
  • Bachelor's degree in Accounting, Finance, Business Management, or a related field; an MBA or relevant professional certification (e.g., CPA) is preferred.
  • 5+ years of experience in financial analysis with a focus on revenue cycle management.
  • Healthcare industry experience is required.
  • Strong understanding of revenue cycle processes, including billing, collections, accounts receivable, and revenue recognition.
  • Proficiency in financial analysis, forecasting, and reporting.
  • Advanced skills in Microsoft Excel and experience with financial software and ERP systems.
  • Excellent analytical and problem-solving skills with a keen attention to detail.
  • Strong communication skills, both verbal and written, with the ability to present complex financial information to senior management.
  • Proven ability to collaborate effectively with cross-functional teams and build strong working relationships.
  • Demonstrated ability to prioritize and manage multiple tasks in a fast-paced environment.
  • Knowledge of healthcare industry regulations and compliance standards related to revenue cycle management.


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