Associate Director of Healthcare Financial Services
5 days ago
We are seeking a highly skilled Associate Director of Revenue Cycle Management to join our team at Pinnacle Recruitment Services. The ideal candidate will have a strong background in revenue cycle operations and a proven track record of improving financial performance.
Key Responsibilities:
- Lead, mentor, and manage the RCM team, including billing, coding, collections, and patient financial services staff.
- Set performance standards and KPIs, monitor progress, and provide constructive feedback to ensure team success.
- Foster a collaborative and positive work environment that encourages continuous learning and process improvement.
- Oversee all aspects of the revenue cycle, including patient registration, billing, claims management, collections, and accounts receivable.
- Ensure timely and accurate claim submissions and optimize collections to meet financial goals.
- Analyze revenue cycle data and identify trends to develop actionable insights for improvement.
- Ensure compliance with healthcare regulations, payer requirements, and industry best practices (e.g., HIPAA, CMS guidelines).
- Maintain up-to-date knowledge of changes in healthcare laws and reimbursement methodologies.
- Implement effective internal controls to minimize denials, improve cash flow, and reduce revenue leakage.
- Prepare detailed reports and presentations for senior leadership, outlining key metrics such as days in A/R, net collection rate, and denial rates.
- Monitor financial performance and recommend cost-saving initiatives and revenue-enhancing strategies.
Requirements:
- Bachelor's degree in Business Administration, Healthcare Administration, Finance, or related field.
- Minimum 4-7 years of related or similar experience.
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