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Associate Director
Ventra Health
posted 5d ago
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Job Description
- Ventra is a leading business solutions provider for facility-based physicians practicing anesthesia, emergency medicine, hospital medicine, and now radiology, through the recent combining of forces with Advocate RCM. Focused on Revenue Cycle Management and Advisory services, Ventra partners with private practices, hospitals, health systems, and ambulatory surgery centers to deliver transparent and data-driven solutions that solve the most complex revenue and reimbursement issues, enabling clinicians to focus on providing outstanding care to their patients and communities.
Function:
- Lead and manage the Account Receivable operations.
Team Management:
- Lead and mentor a team of accounts receivable professionals, including follow up specialists and denials specialists.
Collections Management:
- Develop and implement strategies to improve the efficiency and effectiveness of the Accounts Receivables process, reducing bad debt and improving cash flow.
Denial Management:
- Analyze and address denials to improve reimbursement rates and reduce write-offs.
Regulatory Compliance:
- Ensure compliance with all federal, state, and local regulations related to billing and collections, including HIPAA and Stark Law.
Reporting:
- Prepare and analyze reports on key performance indicators (KPIs) related to accounts receivable performance, such as days in AR and other key metrics.
Account Receivables:
- Develop and implement strategies to improve revenue cycle performance and reduce days in accounts receivable.
- Monitor key performance indicators (KPIs) and provide regular reports to senior leadership on revenue cycle performance and trends.
- Collaborate with other teams to resolve billing issues and enhance the overall client experience.
Training:
- Collaborate with Training and QA teams to provide training and support to revenue cycle staff, promoting best practices.
Continuous Improvement:
- Review the process continuously to identify areas for improvement and implement corrective actions.
Collaboration:
- Foster strong relationships with other stakeholders to facilitate efficient and effective resolution.
Function:
- Lead and manage the Account Receivable operations
Team Management:
- Lead and mentor a team of accounts receivable professionals, including follow up specialists and denials specialists.
Collections Management:
- Develop and implement strategies to improve the efficiency and effectiveness of the Accounts Receivables process, reducing bad debt and improving cash flow.
Denial Management:
- Analyze and address denials to improve reimbursement rates and reduce write-offs.
Regulatory Compliance:
- Ensure compliance with all federal, state, and local regulations related to billing and collections, including HIPAA and Stark Law.
Reporting:
- Prepare and analyze reports on key performance indicators (KPIs) related to accounts receivable performance, such as days in AR and other key metrics.
Account Receivables:
- Develop and implement strategies to improve revenue cycle performance and reduce days in accounts receivable.
- Monitor key performance indicators (KPIs) and provide regular reports to senior leadership on revenue cycle performance and trends.
- Collaborate with other teams to resolve billing issues and enhance the overall client experience.
Training:
- Collaborate with Training and QA teams to provide training and support to revenue cycle staff, promoting best practices.
Continuous Improvement:
- Review the process continuously to identify areas for improvement and implement corrective actions.
Collaboration:
- Foster strong relationships with other stakeholders to facilitate efficient and effective resolution.
- College graduate in any stream. Preferred from Healthcare related streams.
- Minimum of 10 years of experience in core revenue cycle management, in the healthcare sector.
- Strong knowledge of healthcare regulations, billing practices, and reimbursement methodologies.
- Excellent analytical skills and the ability to interpret data.
- Proven leadership skills with experience managing teams and driving performance improvement.
- Exceptional communication and interpersonal skills, with the ability to collaborate effectively across departments.
- Proficient in revenue cycle management software, electronic health record (EHR) systems and other technology tools.
- Understanding of federal, state, and local regulations related to healthcare billing and collections.
- Excellent problem-solving skills.
Employment Type: Full Time, Permanent
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Strict timing
Monday to Friday
Within city
Day Shift
Ventra Health Benefits
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