Director, Net RevenueThe Agency • Arlington Heights, IL, US
Director, Net Revenue
The Agency • Arlington Heights, IL, US
20 hours ago
Job type
- Full-time
- Part-time
Job descriptionResponsible for understanding, estimating and reporting net revenue across the system including related contractual allowances, denials, bad debt and charity reserves. With guidance from the VP, Corporate Finance and FP&A, develop, analyze and communicate revenue optimization opportunities and assist department and system leadership with executing plans to achieve those opportunities. Support month end close process through modeling and explaining third party settlement amounts. Enhances financial acumen across operational teams by educating leaders on financial reports, metrics, and improvement strategies. Acts as a key resource for operational and hospital leaders, resolving complex, sensitive, and technical issues with a high level of confidentiality and judgment. Assist with annual budget by providing expected impacts of government regulation updates and payor reimbursement changes. Lead Patient Accounts Receivable financial audits and act as primary contact with external audit team, as well as reporting and reconciliation of Net Revenue and Patient Accounts Receivable general ledger accounts. Analyze expected changes related to managed care contracting. Foster and maintain relationships with Operations, Revenue Cycle, Internal Audit, and Managed Care leadership. Manage the System Net Revenue team and RCA relationship, providing leadership in developing goals and accomplishment of those goals for both team members and the department. Education : Bachelor's degree in accounting, finance, business administration or related field, preferred, Master's degree in accounting, finance, business administration or related field Certification : n / a Experience : Minimum ten years of progressive experience in healthcare reimbursement. Minimum of five years in a leadership role. Strong understanding of revenue cycle, third party reimbursement mechanisms, and generally accepted accounting principles Superior analytical and problem-solving skills, with demonstrated intellectual and analytical rigor Demonstrated ability as a strong communicator and presenter in front of senior leadership team Strong customer focus and ability to work within a cross-functional team environment Ability to develop financial models and business cases to support operational objectives Leads, develops and mentors team through orientation and training, establishing goals / objectives, communication policies and discipline. Builds employee morale and engagement Advanced financial modeling, analysis, and reporting skills. Proficiency in Microsoft Office, particularly Excel (pivot tables, VLOOKUP, charts), PowerPoint, and Word. Excellent written and verbal communication skills, with the ability to explain complex financial information to non-financial audiences. Strong project management and organizational skills; ability to manage multiple priorities and deadlines. High attention to detail and a commitment to data integrity. Ability to collaborate with senior leaders and cross-functional teams to drive strategy and decision-making. Ability to lead, develop, and manage a team of financial analysts. Ability to work independently and exercise sound judgment in a fast-paced environment. Ability to foster innovation and continuous improvement within a team setting. Ability to translate financial data into actionable business insights. Ability to manage confidential information with integrity and professionalism. Eligibility for our Annual Incentive Plan, which offers the potential to earn a certain percentage amount of your base salary based on organizational performance. (For AIP eligible positions) Career Pathways to Promote Professional Growth and Development Various Medical, Dental, Pet and Vision options Tuition Reimbursement Free Parking Wellness Program Savings Plan Health Savings Account Options Retirement Options with Company Match Paid Time Off and Holiday Pay Community Involvement Opportunities
Director, Net Revenue
Hourly Pay Range : $67.98 - $105.37 - The hourly pay rate offered is determined by a candidate's expertise and years of experience, among other factors.
Position Highlights :
- Position : Director, Net Revenue
- Location : Arlington Heights, IL
- Full Time / Part Time : Full time
- Hours : Monday-Friday, 8am-5pm
- Required Travel : no
Job Summary :
The primary purpose of this position is to direct the Net Revenue functions for the system including Hospital and Medical Group Net Revenue reporting and budgeting. In addition, this individual will lead Accounts Receivable modeling, as well as Net Revenue optimization, audit management and financial planning & analysis across the Endeavor Health organization. Provides leadership and direction to a team of analysts, ensuring high-quality deliverables, professional development, and alignment with organizational priorities.
What You Will Do :
What You Will Need :
Unique or Preferred Skills :
Benefits (For full time or part time positions) :
Endeavor Health is a fully integrated healthcare delivery system committed to providing access to quality, vibrant, community-connected care, serving an area of more than 4.2 million residents across six northeast Illinois counties. Our more than 25,000 team members and more than 6,000 physicians aim to deliver transformative patient experiences and expert care close to home across more than 300 ambulatory locations and eight acute care hospitals Edward (Naperville), Elmhurst, Evanston, Glenbrook (Glenview), Highland Park, Northwest Community (Arlington Heights) Skokie and Swedish (Chicago) all recognized as Magnet hospitals for nursing excellence.
When you work for Endeavor Health, you will be part of an organization that encourages its employees to achieve career goals and maximize their professional potential.
Diversity, equity and inclusion is at the core of who we are; being there for our patients and each other with compassion, respect and empathy. We believe that our strength resides in our differences and in connecting our best to provide community-connected healthcare for all.
EOE : Race / Color / Sex / Sexual Orientation / Gender Identity / Religion / National Origin / Disability / Vets, VEVRRA Federal Contractor.
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Director Net Revenue • Arlington Heights, IL, US
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