The Revenue Cycle Manager is responsible for overseeing revenue cycle management including coding, billing, collections, and denial management as well as financial reporting within the organization. This position is responsible for ensuring claims, denials, and appeals are efficiently processed, and resolving billing-related issues. The Revenue Cycle Manager will minimize bad debt, improve cash flow, and effectively manage accounts receivables. This role will also manage Provider credentialing. The Revenue Cycle Manager will be the main contact for any RCM vendors, Medicare contacts, and Clearing House vendor. They will be responsible for setting the annual practice fee schedule. This position is to stay apprised of coding and revenue trends; and is responsible for coding education to clinical and coding/ billing staff. In addition, this position will manage all Revenue Cycle Management staff including billers, coders, team assistants, and the RCM/Admissions supervisor; this will include day to day supervision as well as development opportunities, training, and mentorship.
Revenue Cycle Manager (RCM) Responsibilities
Oversee and manage entire revenue cycle including billing, coding, collections, and denial management
Manage relationships with external vendors for practice management software and clearinghouse vendor
Communicate professionally with various payers
Manage, develop, and mentor all revenue department staff, including billers and coders and RCM/Admissions Supervisor
Responsible for management of billing and practice management software platform
Provide up to date education for clinical, billing, and coding staff on coding trends
Develops, evaluates, implements, and revises policies and procedures related to billing, coding, reimbursement activities and improvement strategies
Reconcile all receivables and revenue reports and work closely with the finance department in the development of the monthly financial statements
Manage and update the charge master based on the current CMS fee schedule and negotiated contracts
Conduct monthly analysis of Medicare/Medicaid/Third Party Payers
Oversees the processing of credentialing and provider enrollment applications, initial, and re-enrollment status with all Medicaid, Medicare, and Commercial Payors
Responsible for the generation and management of revenue, admissions, and credentialing metric reports
Review and resolve issues related to claim generation and rejected/denied billings
Commit to highest level of business and patient confidentiality possible adhering to all HIPAA and security guidelines when accessing and sharing patient information
Keeps abreast of all reimbursement billing procedures of third party and private insurance payers and government regulations
Maintains appropriate internal controls over accounts receivable, RCM process
Monitors accounts sent for collection and reimbursements from insurance companies and other third-party payers
Reviews, monitors, and evaluates third party reimbursement and researches variances
Participates in the development of coding and billing strategies, evaluating process relative to revenue cycle, and making recommendations while ensuring compliance with any relevant rules or regulations (including HIPAA, Medicaid, Medicare, and specific 3rd Party Payors)
All other duties as assigned
Revenue Cycle Manager (RCM) Education And Qualifications
A bachelor’s degree and 3-5 years of related work experience
Certified coder, coding auditor, or coding education experience
Knowledge of third-party payer requirements including federal, state, and private health care plans and authorization process
Proven experience in healthcare billing, including Medicaid/Medical Assistance
Knowledge of basic insurance policies, procedures, and reimbursement practices with Medicare coding
Experience supervising staff
Prior experience with process development and execution
Excellent communication and interpersonal skills
This is a financially sensitive position and is contingent upon clear results of a thorough background screening.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Hospitals and Health Care
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