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Revenue Cycle Operations Analyst
2 months ago
Position Overview:
The Revenue Cycle Operations Analyst will collaborate across various Revenue Cycle divisions to evaluate and enhance workflows and procedures, ensuring adherence to established best practices.
Key Responsibilities:
- Conduct internal assessments of Revenue Cycle operations and personnel, providing constructive feedback to relevant leadership.
- Support external payer evaluations, tracking performance, and liaising with payer representatives and internal teams for swift resolution of issues.
- Address denials through escalation processes and appeals.
- Investigate contract discrepancies related to underpayments.
- Evaluate accounts for potential placement with state insurance boards as necessary.
- Analyze out-of-network reimbursements for post-discharge settlements and underpayment disputes.
- Manage escalated accounts from the Business Office.
- Collaborate with the contracting team to identify and rectify systemic payer challenges.
- Review Revenue Cycle performance metrics, implementing and overseeing improvement strategies with relevant departments.
- Analyze all accounts receivable to uncover payer trends and patterns.
- Assist in pinpointing opportunities for improvement to meet established financial and operational goals, communicating urgent findings to the Director.
- Support the evaluation, selection, and implementation of EHR/Revenue Cycle management software.
Essential Skills:
- Exceptional communication skills, with the ability to articulate ideas clearly and professionally.
- Strong organizational skills, with the capacity to prioritize tasks and manage time effectively.
- Proficient research and auditing capabilities.
- Ability to analyze financial data and assess its impact on the organization.
- Proactive problem-solving skills, with a focus on timely issue resolution.
- Familiarity with federal and state regulations.
- Knowledge of major commercial payers.
- Experience in reviewing, interpreting, and implementing managed care agreements with third-party payers.
- Expertise in Denials Management, including reporting and resolution.
- Proven ability to identify process improvement opportunities and critically evaluate workflows.
- Demonstrated proficiency in Microsoft Office Suite, including spreadsheets, databases, and project management tools.