Job Summary
The Executive Director Revenue Cycle Operations leads the end-to-end financial clearance and billing functions. This position is responsible for the strategic design, implementation, and management of all revenue cycle processes-from patient access and clinical coding to collections and denial management. The goal of the Executive Director Revenue Cycle Operations is to maximize net patient service revenue while ensuring a seamless, patient-centric financial experience.
Job Responsibilities
- Develop and execute a multi-year revenue cycle roadmap that aligns with the organization's financial goals and growth. Identify, implement, and evaluate Revenue Cycle strategies that create efficiencies to maximize Revenue Cycle performance.
- Monitor and optimize key metrics, including Days in AR (DAR), Net Collection Rate, Denial Rates, and Cost-to-Collect.
- Oversee departmental leaders in Patient Access, HIM/Coding, Billing, and Follow-up to ensure workflow efficiency and data integrity.
- Vendor Management: Manage relationships and performance for third-party collection agencies, eligibility vendors, and coding partners.
- Evaluate and implement automated solutions (AI/RPA) and EHR enhancements (Epic) to reduce manual intervention.
- Maintain strict adherence to CMS, HIPAA, and OIG regulations, ensuring all billing practices are ethically and legally sound.
- Develop employees through appropriate management practices, create a hospital climate to motivate employees to highest performance. Establish direction, coach employees, provide feedback, and build commitment.
- Oversee maintenance of data and reporting costs to third party payors for appropriate reimbursement of incurred costs in providing patient care services.
- Other duties as assigned.
Education Requirements
- Minimum: Bachelor's degree in healthcare administration, Finance, or Business
- Preferred: Master's/MBA/MHA
Experience Requirements
Minimum:
- Ten (10) years of progressive leadership in healthcare revenue cycle management within a Hospital / Physician Group / Health System] environment
- Advanced proficiency in Epic Resolute and data visualization tools (Tableau, PowerBI)
License/Certification Requirements
- Minimum: None
- Preferred: CHFP, CRCE, or FACHE