Financial Analyst for Healthcare Revenue Maximization
7 days ago
Overview
Glenwood Regional Medical Center seeks a skilled Financial Analyst to maximize revenue in its dynamic healthcare environment. As part of our team, you will play a vital role in ensuring the financial success of our organization by conducting thorough financial analyses and leveraging payor contracts, state and federal regulatory guidelines.
Job Description
The ideal candidate will possess excellent analytical skills, with the ability to comprehend complex payor responses (EDI) and excel in customer service. They will also have experience working with revenue cycle software, tools, and technologies, as well as medical terminology and coding knowledge.
Responsibilities
- Analyze patient financial responsibilities to identify areas for revenue maximization
- Interpret payor contracts and regulatory guidelines to inform business decisions
- Develop and implement strategies to reduce bad debt and denials
- Collaborate with patients to secure payment for scheduled services
- Utilize Microsoft Office, including Excel, Word, and PowerPoint, to create reports and presentations
- Work effectively in a dynamic environment, prioritizing tasks and managing multiple projects simultaneously
Requirements
- Bachelor's degree in Business Administration or Healthcare preferred
- 1-2 years of experience in healthcare or payor environment, with a focus on patient collections, registration, and/or scheduling
- Certified Healthcare Access Associate (CHAA) certification a plus
- Proficiency in data entry using revenue cycle software and Windows-based applications
Salary Range
$65,000 - $80,000 per annum, depending on experience
Location
Glenwood Regional Medical Center, [location]
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