Vice President of Revenue Cycle Management
3 weeks ago
Candidates for this position must reside in the St. Louis area or be open to relocating.
Grow your career At EmpowerMe Wellness, you’ll find opportunities for promotion, continuing education, and great benefits, all while making a real difference in the life of seniors. Our results are in our success stories – come write yours with us. Join our team today
Who We Are
EmpowerMe Wellness – is on a mission to improve the lives of seniors and the communities they call home We provide fully integrated on-site therapy, pharmacy services, primary care, and more at senior living communities nationwide. Our experienced team of more than 3,000 clinicians and professionals provide personalized health and wellness solutions for seniors in more than 35 states. To learn more about us, visit (url removed).
Responsibilities:
Position Summary:
The Vice President of Revenue Cycle will be responsible for overseeing and optimizing all aspects of the revenue cycle process to ensure maximum revenue generation and efficiency. This role requires a strategic leader with extensive experience in revenue cycle management, a deep understanding of healthcare finance, and a proven track record of driving results.
Essential Duties include the following:
The following duties are normal for this position. This list is not to be construed as exclusive or all inclusive. Other duties may be required and assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Develop and implement strategic initiatives to optimize the revenue cycle process, including revenue capture, billing, coding, collections, reimbursement, insurance contracting and credentialing.
Lead and mentor a team of revenue cycle professionals, providing guidance, support, and resources to ensure high performance and productivity.
Analyze financial data, trends, and key performance indicators to identify areas for improvement and implement solutions to enhance revenue cycle performance.
Collaborate with cross-functional teams, including finance, operations, and clinical departments, to drive process improvement/continuous improvement projects that resolve issues and improve revenue cycle efficiency.
Stay abreast of industry regulations, compliance requirements, and reimbursement policies to ensure adherence and mitigate risk.
Implement best practices, tools, and technologies to automate and optimize revenue cycle processes (including utilization of robotic process automation and/or AI), reducing manual interventions and improving accuracy.
Develop and maintain strong relationships with payers, vendors, and external partners to negotiate contracts, resolve disputes, and improve revenue cycle outcomes.
Prepare and present reports, dashboards, and presentations to senior leadership, providing insights into revenue cycle performance, trends, and opportunities for improvement.
Ensures adherence to highly compliant HIPAA, billing, and collecting processes.
Drive a culture of continuous improvement, innovation, and accountability within the revenue cycle team, fostering collaboration and driving results.
Performs other duties as assigned
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required.
Bachelor's degree in Healthcare Administration, Business Administration, Finance, or related field; Master's degree preferred.
Minimum of 10 years of progressive experience in revenue cycle management, with at least 5 years in a leadership role.
Strong understanding of healthcare finance, reimbursement methodologies, and revenue cycle operations.
Demonstrated success in optimizing revenue cycle performance, improving collections, and reducing days in accounts receivable.
Excellent leadership, communication, and interpersonal skills, with the ability to inspire and motivate teams to achieve goals.
Strategic thinker with the ability to analyze complex data, identify trends, and develop actionable insights.
Proficiency in revenue cycle software, EMR systems (NetHealth preferred) and Microsoft Office Suite.
Experience with clearinghouses, i.e., Waystar
Certified Professional in Healthcare Revenue Cycle (CPHRC) or Certified Revenue Cycle Professional (CRCP) designation preferred.
Work Environment & Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit at a desk and work on a computer. Must be able to lift 20 pounds at a time. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
This employer is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the employer will provide reasonable accommodations to qualified individuals with disabilities and encourages prospective employees and incumbents to discuss potential accommodations with the employer.
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