Revenue Cycle Optimization Supervisor - Remote

Revenue Cycle Optimization Supervisor

The Revenue Cycle Optimization Supervisor serves as a leader managing several finance-related functions, including but not limited to accounts payable, staff and non-staff expense management, vendor management, contract management, budget preparation, and financial analytics. This position provides useful, organized, updated, and maintained reportable data on expenditures in compliance with company, state, and federal regulations. The Revenue Cycle Optimization Supervisor frequently and in a professional manner problem-solves across multiple internal and external departments, including accounts payable, finance, payroll, human resource, budgeting, vendor management, procurement, and contracting. This position assists the VP Revenue Cycle and other Revenue Cycle leaders on multiple projects that include advanced analytical skill for analyzing operational expenses, establishing annual budget, and reconciling year-end expense variances. This position requires expert skills in technical reporting and analytic tools, such as Excel, Tableau, Strata, and other applications, to query and analyze financial transactions, prepare financial reports, and audit accounting practices. The Revenue Cycle Optimization Supervisor operationalizes relationships and manages staff affiliated with multiple revenue cycle vendors ensuring relationships are effective, productive, and aligned with the company's goals.

Essential Job Statements

Management of Vendor Relationships and Supervision of Vendor Staff

• Supervise staff across multiple vendors contracted to perform revenue cycle functions, including setup / termination of contingent employees and routinely monitoring staff compliance with employment policies, regulatory guidelines, and contractual obligations.
• Regularly monitor vendor staff performance, identifying areas for improvement, and working with vendors, VCU Health System, and Ensemble to address and resolve issues.
• Build and maintain collaborative and positive staff relationships between vendors, VCU Health System, and Ensemble through regular communication and feedback.
• Serve as the primary point of contact between the vendor, VCU Health System, and Ensemble, ensuring effective communication and collaboration.
• Establish methods and workflows to partition accounts between vendors, VCU Health System, and Ensemble, maintaining secure data exchange of accounts partitioned for vendor; and maintaining IT / Epic design ensuring effective integration of vendor and Ensemble workflows.
• Closely evaluate and monitor monthly invoicing and revenues generated as a result of vendor staff functions and performance ensuring positive return for vendor contract.

Financial Management

Third-Party Revenue Cycle Vendor and Labor Agreement

Contract Management

Financial Analysis

Budget Analysis / Planning

Supply Chain

Miscellaneous Responsibilities

Patient Population

Not applicable to this position.

Employment Qualifications

Required Education :

Bachelor's degree in accounting, financial management, business management or another related field

Preferred Education :

Licensure / Certification Required :

Licensure / Certification Preferred :

Minimum Qualifications

Years and Type of Required Experience :

Three (3) years experience in accounts payable, budgeting, vendor management, financial analysis

One (1) year experience overseeing and optimizing relationships with vendor service providers ensuring efficient and effective operations

Other Knowledge, Skills and Abilities Required :

Cultural Responsiveness

Demonstrate a commitment to diversity, equity, and inclusion through continuous development, modeling inclusive behaviors, and proactively managing bias.

Other Knowledge, Skills and Abilities Preferred :

Working Conditions

Periods of high stress and fluctuating workloads may occur.

General office environment. May have periods of constant interruptions.

Prolonged periods of working alone.

Physical Requirements

Physical