Associate Vice President | US Healthcare

Role & responsibilities

1. Strategic Leadership

• Develop and execute strategic plans to optimize revenue cycle operations and financial performance.
• Establish key performance indicators (KPIs) and metrics to measure the effectiveness of revenue cycle processes.
• Collaborate with executive leadership to align revenue cycle goals with overall organizational objectives.

2. Operational Management

• Oversee all aspects of the revenue cycle, including patient registration, charge capture, coding, billing, collections, and reimbursement.
• Implement best practices and standard operating procedures to streamline revenue cycle workflows and minimize revenue leakage.
• Ensure compliance with regulatory requirements, payer guidelines, and industry standards.

3. Team Leadership and Development:

• Provide leadership, guidance, and mentorship to the revenue cycle team, including managers, supervisors, and frontline staff.
• Foster a culture of accountability, collaboration, and continuous improvement within the revenue cycle department.
• Conduct regular performance evaluations, training sessions, and professional development initiatives for staff members.

4. Financial Analysis and Reporting:

• Analyze revenue cycle data, trends, and performance metrics to identify opportunities for process improvement and revenue enhancement.
• Prepare comprehensive financial reports, forecasts, and analyses for senior management and stakeholders.
• Monitor key financial indicators and variances, taking proactive measures to address any issues or discrepancies.

5. Technology and Automation:

• Evaluate, implement, and optimize revenue cycle management systems, software applications, and technology solutions.
• Leverage automation, artificial intelligence, and machine learning tools to streamline revenue cycle processes and enhance efficiency.
• Stay abreast of emerging trends and innovations in revenue cycle technology, recommending strategic investments as appropriate.

6. Stakeholder Collaboration:

• Collaborate with cross-functional teams, including finance, operations, clinical departments, IT, and external partners, to drive revenue cycle initiatives and initiatives.
• Serve as a liaison with external stakeholders, such as payers, regulatory agencies, and third-party vendors, to resolve issues and optimize reimbursement.

Preferred candidate profile

• Any Graduate. (Master's degree preferred).
• Minimum of 15 years of progressive leadership experience in revenue cycle management, with a focus on healthcare operations.
• In-depth knowledge of revenue cycle processes, including billing, coding, reimbursement, and regulatory compliance.
• Strong analytical skills, with the ability to interpret financial data, identify trends, and make data-driven decisions.
• Proven track record of driving operational excellence, process improvement, and financial results within a healthcare organization.
• Excellent communication skills, with the ability to effectively interact with stakeholders at all levels of the organization.
• Leadership qualities, including strategic vision, team building, decision-making, and conflict resolution.
• Familiarity with revenue cycle management software, electronic health records (EHR), and healthcare IT systems.