Director - Revenue Cycle Patient Financial Services

3 days ago

🦀 Maryland – Remote

Although this job is listed in Maryland, this company may be open to hiring remote in other states.

💵 $57 - $92 / hour

⏰ Full Time

🔴 Lead

💸 Financial Planning and Analysis

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Miratech

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Miratech helps visionaries to change the world. We are a global IT services and consulting company that brings together global enterprise innovation and start-up innovation. Today we support digital transformation for the largest enterprises on the planet.

Outsourcing • Software Development • Professional Services

501 - 1000 employees

Founded 1989

💰 Private Equity Round on 2022-04

📋 Description

• Oversees and develops a high functioning patient billing and collection team that includes managers and supervisor levels that support delegation and oversight. • Directs and manage accounts receivable (A/R) to ensure accounts are collected appropriately from members, nonmembers, insurance carriers, Medicare, Medicaid and other payer sources. • Directs the processing of cash receipts collected from members, accounts receivable lockboxes and insurance payments; to ensure that cash is accurate and balances on a daily basis. • Implements and monitors the operation of the credit policy, uncompensated care policy and bad debt write-off policy. • Resolves all unpaid patient accounts in excess of ninety days old. • Reviews and authorizes all bad debt write-offs and generates uncompensated care write-offs. • In collaboration with the Senior Director of Patient Financial Services, develops goals for the Department, develops budgets and, with approval, administers procedures to achieve those goals. • Compiles reports to reflect the effectiveness and scope of all policies and procedures administered by the department. • Interacts closely with the Senior Director to review and/or alter policies and procedures to reflect changes in the industry and Medical System that impact upon the department goals. • Informs the Senior Director of any changes in the third-party reimbursement environment. • Directs and monitors activities of subordinate employees. • Interviews, hires, trains, evaluates and, when necessary, disciplines and discharges subordinate personnel in accordance with established policies. • Maintains a trained staff of supervisors and line employees. • Conducts regular meetings to obtain feedback concerning problems, potential problems and agreed-upon solutions. • Keeps staff current concerning changes in the third party payor environment. • Interacts closely with the Admitting department and the Inpatient and Outpatient Business Offices to provide a smooth flow of patient billing information through the admission, discharge and billing functions. • Reads appropriate trade publications and attends seminars in order to keep informed of impending changes and/or new methods to be used in the receivables management of the Medical System. • Develops and maintains effective relationships with other Medical System employees, physicians, patients, volunteers and visitors to promote a positive response to the Medical System. • Performs related duties as required.

🎯 Requirements

• Bachelor’s Degree in Accounting, Finance, Business Administration or a related field, or equivalent industry experience is required. • Ten years progressively responsible supervisory experience in health care administration, quality management, finance, or information systems required. • Must be an active member in the Patient Financial Services trade organization (HGPAM) • Demonstrated expertise in operations improvement, consulting and/or project management experience preferred. • Demonstrated knowledge of technology and systems used within Patient Financial Services. • Knowledge of MS Excel, Word, PowerPoint, and E-Mail, with knowledge of Performance Improvement and Statistical Software preferred. • Highly proficient knowledge of health care management, administrative and operational principles and practices, including technology, the Joint Commission, regulations and laws pertaining to delivery of patient care. • Demonstrated analytical and critical thinking skills required to integrate and interpret data from diverse sources. • This can be measured by #2 under Qualifications • Demonstrated ability to accurately assess situations and reach sound and workable solutions using strong reasoning capabilities. • Ability to successfully resolve conflict-oriented situations. • Demonstrated sensitivity to confidentiality and the political dynamics of an academic medical environment required. • Ability to successfully perform the responsibilities of the position within a stressful work environment demonstrating a positive and professional work ethic. • Demonstrated ability to oversee, schedule, coordinate and direct project activities, assign work, monitor work, and evaluate performance. • Able to act independently without specific instructions in a self-confident and constructive manner. • Highly effective verbal communication skills are required to work with senior management, executive staff, and external government agencies, and to direct various projects. • Highly effective writing skills are required to compose project-related correspondence and to maintain necessary project records.

🏖️ Benefits

• Review the 2024-2025 UMMS Benefits Guide