Operations – RCM
Job Roles
- Develop the Operations strategy for the organization, keeping in mind the business requirements. Execute these innovative strategies to improve and secure business delivery.
- Drive and lead all the RCM and collection operations functions effectively with process improvements of existing processes.
- Performing operational due diligence for new prospective clients.
- Manage onshore centers for patient collections and Insurance billing.
- Experience in project transition will be a value add.
- Strong understanding of revenue cycle management and KPIs standards set to optimize insurance collection.
- Strong understanding of all downstream revenue cycle offices and experience of handling entire functions of Health care RCM – Payment posting, AR Follow-up, Denial Management & Patient Billing (Voice & Non voice).
- Should have experience in expanding operations and work on prospect clients, RFPs, SOP’s and DOU’s etc.
- Ensure that the portfolio/s meets client and internal company performance benchmarks.
- Actively develop the management capabilities and business acumen of direct reportees, and drives the development of team members, ensuring full and well- rounded team competency
- Knowledge of company policies and procedures to be able to provide the right answers to inquiries from all customers (both internal and external).
- Excellent analytical, verbal and written – communication and presentation skills.
- Proficient in Excel and PowerPoint to create/read/analyze weekly reports, dashboards for both internal management and clients.
- Strong interpersonal skills to be able to effectively relate with the public, patients, organizations and employees.
- Staff development including training, coaching and competency assessment.
- Motivate and lead a high-performance management team.
- Lead and oversee the accounts receivable function within the medical billing department, including billing, claims follow-up, payment posting, and collections.
- Develop and implement strategic initiatives to optimize accounts receivable processes, improve billing efficiency, and maximize revenue collection.
- Provide leadership and guidance to accounts receivable staff, including training, mentoring, and performance management.
- Analyze accounts receivable data and performance metrics to identify trends, patterns, and opportunities for improvement, and implement corrective actions as needed.
- Collaborate with other departments, such as coding, billing, compliance, and revenue cycle management, to identify opportunities for process improvements and revenue optimization.
- Stay updated on changes to billing regulations, reimbursement policies, and industry trends, and ensure compliance with relevant updates.
- Utilize advanced analytics and technology solutions to streamline accounts receivable workflows, automate repetitive tasks, and improve operational efficiency.
- Develop and maintain relationships with payers, healthcare providers, and other stakeholders to resolve billing issues and optimize revenue collection.
- Prepare regular reports and presentations for senior management, highlighting accounts receivable performance, trends, and opportunities for improvement.
- We are seeking a highly experienced and strategic-minded Senior Professional for our Revenue Cycle Management Team.
- Individuals will play a critical role in leading and optimizing the RCM function, ensuring efficient billing processes, timely collection of payments, and optimization of revenue cycle performance.
- The ideal candidate will have a deep understanding of medical billing and accounts receivable management, exceptional leadership abilities, and a proven track record of driving results in a healthcare environment.
Candidate Requirements
- At least 13+ years of Health-care RCM Experience in medical billing and accounts receivable management, with progressively increasing responsibilities and demonstrated leadership experience.
- Demonstrated leadership capabilities, including ability to organize and manage human resources to attain goals.
- Willingness to work in US shifts.
- Expertise with MS Office tools like PowerPoint, Excel, etc.
- Preferred Qualification – Any Graduate or above.
- In-depth knowledge of accounts receivable processes, including billing, claims follow-up, payment posting, and collections.
- Familiarity with billing software, electronic health record (EHR) systems, and advanced analytics tools.
- Excellent understanding of billing regulations, compliance requirements, and reimbursement methodologies, including those related to Medicare, Medicaid, and commercial payers.
- Strong analytical and problem-solving skills, with the ability to interpret accounts receivable data and develop strategic solutions.
- Effective communication and interpersonal skills, with the ability to collaborate with diverse stakeholders and build positive relationships.
- Demonstrated leadership abilities, with a track record of inspiring and motivating teams to achieve accounts receivable goals.
- Commitment to continuous learning and professional development in the field of medical billing and healthcare administration.
- Experience on Radiology or Oncology Projects would be an additional advantage
- Experience in multiple sites based corporate clients will be an additional advantage.