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Senior Associate - Revenue Cycle Management
2-6 years
₹ 3.15 - 5.3L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Bangalore / Bengaluru
1 vacancy
Senior Associate - Revenue Cycle Management
Aster Dm Healthcare
posted 15d ago
Job Description
- As a Senior Associate in Revenue Cycle Management, you will be responsible for ensuring the efficient and effective functioning of the revenue cycle processes within a healthcare organization
- You will oversee various aspects of revenue cycle operations, including patient registration, charge capture, coding, billing, claims processing, denial management, and accounts receivable follow-up
- Your primary goal will be to optimize revenue generation, maximize collections, and minimize denials to ensure the financial health of the organization
Responsibilities:
- Revenue Cycle Oversight:Manage and supervise the revenue cycle operations, ensuring compliance with regulatory requirements and industry best practices
- Develop and implement strategies to optimize revenue generation and enhance cash flow
- Monitor key performance indicators (KPIs) and financial metrics to identify trends, areas for improvement, and potential revenue leakage
- Collaborate with cross-functional teams, such as clinical departments, finance, coding, and compliance, to streamline revenue cycle processes
- Billing and Claims Management:Oversee the timely and accurate submission of claims to third-party payers, including Medicare, Medicaid, commercial insurance companies, and self-pay patients
- Monitor claim status and work closely with the billing team to resolve any coding or billing discrepancies
- Analyze denial patterns, identify root causes, and implement corrective measures to minimize denials and maximize collections
- Stay updated with changes in healthcare regulations, payer policies, and coding guidelines to ensure compliance and accurate billing
- Accounts Receivable Management:Review and analyze accounts receivable aging reports to identify delinquent accounts and take appropriate actions for timely payment
- Implement strategies for effective accounts receivable follow-up, including phone calls, appeals, and negotiations with payers and patients
- Collaborate with the finance team to reconcile payments, identify posting errors, and resolve outstanding balances
- Provide guidance and support to the team in resolving complex billing and reimbursement issues
- Process Improvement:Continuously assess revenue cycle processes, identify inefficiencies, and recommend process improvements to enhance operational efficiency and revenue integrity
- Implement automation and technology solutions to streamline workflows and reduce manual intervention
- Conduct regular audits and reviews to ensure compliance with coding guidelines, billing regulations, and internal policies
- Develop and deliver training programs to educate staff on revenue cycle best practices, coding updates, and compliance requirements
- Qualifications:Bachelors degree in Healthcare Administration, Business Administration, or a related field (master's degree preferred)
- Experience in revenue cycle management or healthcare finance
- Strong knowledge of healthcare reimbursement systems, billing regulations, and coding guidelines (eg, CPT, ICD-10, HCPCS)
- Proficiency in using revenue cycle management software and electronic health record (EHR) systems
- Familiarity with third-party payer requirements, including Medicare, Medicaid, and commercial insurance
- Excellent analytical and problem-solving skills with the ability to interpret financial data and identify trends
- Strong leadership and team management abilities
- Effective communication and interpersonal skills to collaborate with various stakeholders
- Certified Professional Biller (CPB) or Certified Revenue Cycle Specialist (CRCS) certification is a plus
Note: The above job description is a general outline and may vary depending on the organization and its specific requirements
Employment Type: Full Time, Permanent
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What people at Aster Dm Healthcare are saying
Rating based on 5 Senior Associate
reviews
Anonymous · Finance & Accounting
in Kozhikode
Likes
very flexible time and stress less work
- Job security - Good+1 more
Dislikes
less appraisal and promotions
- Promotions - Poor
Senior Associate salary at Aster Dm Healthcare
reported by
40
employees
₹2.2
L/yr - ₹6
L/yr
57%
less
than the average Senior Associate Salary in India
View more details
What Aster Dm Healthcare employees are saying about work life
based on 424 employees
Flexible timing
Monday to Saturday
No travel
Day Shift
Aster Dm Healthcare Benefits
View more benefits
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