Vice President Revenue Cycle Management

Arkansas Heart Hospital; Little Rock (AR); On-site; USD 180,000 - 260,000; Full time

Job summary

Arkansas Heart Hospital, LLC. seeks a professional management leader to plan, implement, actuate and control all functions of the revenue cycle. You will oversee staff, resources and medical personnel to maximize revenue and cash flow while maintaining high satisfaction among patients, physicians, employees and other customers.

Compliance with TJC and health department standards is essential. The VP will drive strategic initiatives, develop revenue strategies, and lead continuous improvement in

Qualifications

• Education: Bachelor’s degree in accounting, business, management, or health care administration; Master’s preferred.
• Experience: 10 years of progressive leadership in Revenue Cycle Management.
• Experience leading revenue cycle for hospitals and physician group practices.

Responsibilities

• Develops, translates and executes strategies or functional/operational objectives.
• Evaluates long-range planning, new programs/strategies and regulatory action.
• Assists with revenue strategies to maximize profitability.
• Promotes service-oriented culture and ensures satisfaction with departmental support.
• Responds to healthcare trends to direct revenue cycle activities.
• Continuously seeks improvements in delivery and support of the revenue cycle.
• Ensures regulatory and payor compliance within the RCM department.
• Communicates initiatives to strategic plans to drive performance.
• Acts as a change agent across departments.

Education

Bachelor’s degree in accounting, business, management, or health care administration

Master’s degree in Business or Health related field

Job description

This professional management position will help plan, implement, actuate and control all functions of the revenue cycle as well as manage the resource, support, and medical staff in regard to the health information. The VP will lead the revenue cycle function to ensure maximization of revenue and cash flow while maintaining the highest levels of patient, physician, employee and other customer satisfaction. This includes oversight of all business-related functions of the patient visit point of entry to accurate adjudication of patients’ accounts. This position is responsible for compliance with TJC and Department of Health standards

Primary Duties

• Develops, translates and executes strategies or functional/operational objectives
• Evaluates the impact of long-range planning, introduction of new programs/ strategies and regulatory action
• Assist with the development and implementation of revenue strategies to maximize profitability
• Promotes a service-oriented culture within the organization and assures satisfaction with the quality and amount of support provided for departmental functions, initiatives, and projects
• Assesses and responds to current and future internal and external healthcare trends in order to establish and ensure the necessary direction for the revenue cycle activities.
• Continually seeks ways and means for improving delivery and support of the revenue cycle
• Assures that all departmental systems incorporate the principles of total and continuous quality improvement while exceeding the expectations of the customers.
• Assures satisfaction among customer groups with the quality and amount of support provided by monitoring and responding appropriately to outcomes and feedback
• Understands the job functions of all Revenue Cycle staff, is aware of process flow across departments, and involves them, as appropriate, when recommended actions may impact their work functions
• In conjunction with other department leaders, implements strategic and operational initiatives in Revenue Management.
• Maintains regulatory and payor compliance with the RCM department.
• Communicate and link initiatives to strategic plans to drive performance
• Function as a change agent

Professional Development:

• Maintains professional development and growth through professional affiliations, seminars and workshops to keep abreast of trends in revenue and healthcare in general.
• Participates as appropriate in continual education programs and activities that pertain to healthcare management, as well as specific functional areas.
• Develops and maintains an annual professional development plan.

Qualifications/Specifications

• Education: Bachelor’s degree in fields of accounting, business, management, or health care administration required, Masters in Business or Health related field, preferred.
• Experience: 10 years of progressive leadership experience in Revenue Cycle Management required. Prior management/supervisory experience preferred. Experience leading revenue cycle functions for both hospitals and physician group practices.