Description
The Revenue Analytics Manager is a member of the Revenue Recognition team with responsibility for analytics related to revenue, including reimbursement validation, all associated metrics, and Key Performance Indicators (KPI's). The position is cross-functional and works with the Central Billing Office (CBO), Managed Care, IT Revenue Cycle, and Financial Planning and Analysis (mainly for budgeting purposes) to provide relevant analytics needed.
The successful candidate will be a self-starter that enjoys working in a fast paced environment while managing multiple work streams and competing priorities, has strong business acumen, demonstrates excellent communication and listening skills, is process oriented, possesses a high degree of intellectual curiosity, has an established accounting/finance foundation. In addition, this person will have an in-depth knowledge of the healthcare revenue cycle, managed care contracts and an overall understanding of healthcare business models.
Basic Qualifications
Bachelor's Degree in Accounting, required
3 years relevant Healthcare experience, required
Public accounting experience, preferred
Advanced Microsoft Excel modeling is a MUST: build models from scratch in a disciplined fashion and be able to rollup multiple sheets
Expert with other Microsoft Office (Word, PowerPoint and Outlook), required
Knowledge and demonstrated expertise in analytics, data mining, and financial modelling
Strong personal initiative to produce quality materials within tight timeframes and simultaneously manage several projects
Position requires fluency in English; written and oral communication
Excellent written and verbal communication skills
Strong analytical problem-solving skills
Detail oriented
Strong work ethic
Highly collaborative across the organization
Experience interacting with staff/management across multiple departments and levels
Experience in building presentations for management
Essential Job Functions
Extracts and analyzes data for trending, reporting, and monitoring purposes related to revenue cycle on initiatives of intermediate complexity and scope.
Identify negative trends and provide recommendations to Management to enhance and improve collections and maximize revenue recognition.
Develops conclusions and communicates findings in a clear and understandable manner.
Understand and explain internal and external drivers impacting key performance metrics and trending.
Assists in the development, maintenance, and distribution of ad-hoc reports, business intelligence reports, and financial models as needed.
Ensures the quality and integrity of data collected for decision making and works with the other areas of the organization to ensure consistency.
Ensures information is consistent, accurate, relevant and timely.
Work cross-functionally with the CBO and IT to develop systems, tools and databases to enhance revenue recognition and accounts receivable collections.
Support the Director of Revenue Recognition during the month-end close process to calculate inpatient and outpatient revenues earned by the Company and its Joint Ventures by providing meaningful analysis of trends, variances and key metrics for executive management and key stakeholders.
Support the Director of Revenue recognition in developing revenue budgets and forecasts for the annual budget cycle of the Company and its Joint Ventures and other forecasting needs.
Other Job Functions
Collaborate with internal business partners to develop and maintain reporting and communication, while fostering a team culture of process improvement and innovation.
Attend staff meetings or other company sponsored or mandated meetings as required.
Proactively manages own professional development.
Perform additional duties as assigned
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