Vice President of Revenue Cycle

The Vice President of Revenue Cycle is primarily responsible to develop, oversee, monitor and manage the Company's billing and cash collection strategies. These responsibilities include in charge responsibilities of the day to day operations in the Revenue Cycle Department, including : developing strategies to improve procedural efficiencies in the Department. establish a stable organization structure and evaluate personnel to identify, challenge and develop the highest performers. maintain the highest quality in the services provided to the Company by the Department. maintain the financial stability of the Department by setting appropriate annual budgets and managing to those budgets. and evaluate billing regulations and when changes to billing procedures should be revised. This position is also the primary contact for Senior Management and is responsible for developing and reporting significant developments in billing and collections to Senior Management and executing the resulting strategies. The VP Revenue Cycle reports to the CFO.

Responsibilities

• Provide oversight and guidance to the Revenue Cycle Department's leadership that promotes each individual's continued development as effective leaders and change agents.
• Develop, implement and evaluate policies and procedures related to all aspects of the Revenue Cycle. . Identify and implement operational strategies balancing efficiencies and quality
• Establishes departmental goals and objectives in conjunction with Revenue Cycle Leadership and the Chief Financial Officer to ensure continued departmental developments and to assist in achieving company goals, including effective communication within the Department and with other departments.
• In conjunction with other department leaders, monitor and analyze performance to identify trends and opportunities for improvement by coordinating initiatives within the department and Operations.
• Develops and monitors departmental budget including operational and capital budgets.
• Establish an effective method of communication outside of the Department which keeps Senior Leadership and / or Audit Committee apprised of any significant issues and changes which affect regulatory compliance or efficient cash flow.
• Establish and maintain an effective communication process with Treasury. Assist in preparing the periodic cash forecast by communicating to them trends and expectations related to cash collections. .
• Evaluates potential internal and external changes to associated collection processes that impacts cash flow and communicates with Treasury.
• Maintain financial stability of the Department by managing costs within budgetary constraints.
• Create an effective work environment which identifies the very best performers, provides for their development and recognizes them for their accomplishments.
• In conjunction with other department leaders, monitor and analyze billing and collection performance to identify trends and opportunities for improvement by developing and reporting operational metrics to Company leadership. Establish and monitor metrics and participate in coordinating initiatives within the Department and Operations.
• Establish proper procedures and reports to evaluate collectability of receivables, including identifying and monitoring trends in the collectability of receivables, Write or approve the analysis of collectability and the conclusion regarding the appropriateness of the reserve for uncollectible accounts. In conjunction with Financial Reporting ensures that adequate allowances for contractual adjustments and bad debt and charity are established.
• Maintain sufficient familiarity with regulations and payor contract terms to guide appropriate changes in collection procedures and software application effectiveness.

Qualifications