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Revenue Cycle Specialist

Chicago, IL | Full Time
11 Days Ago

Job Description

Integrated Imaging Consultants, LLC (IIC)

Revenue Cycle Specialist

Oversee the revenue cycle activities by IIC’s third party billing company and audit critical areas to identify weak points which impact revenue performance and patient relations issues.

Duties/Responsibilities:

  • Collaborates with billing company regularly to identifying areas of optimization opportunity as it relates to IIC and AAH workflow and areas of responsibility.
  • Think analytically with the ability to perform root cause analysis, prepare, and implement action plans, and lead improvement initiatives
  • Proactively seeks improvement in revenue cycle processes, presents recommendations with intended goals/measurements, secures approvals, implement and monitors results.
  • Develop reporting tools to track key performance indicators to monitor and manage overall performance. Present KPI’s to leadership team regularly.
  • Demonstrate ability to work effectively at both granular and big-picture levels
  • Develops and implements process and efficiency improvements, using available RMS statistical data and other data/tools as available, to appropriately manage workload to achieve set goals and outcomes for company and clients.
  • Monitors ongoing processes and ensures appropriate oversight, correction, and documentation of challenges occurs timely; identifies barriers and challenges to achieving goals; formulates and implements solutions to ensure progress to goals is occurring.
  • Interact with external billing teams to ensure appropriate and complete follow-up of patient accounts to maximize reimbursement
  • Serves as a liaison for all inquiries pertaining to billing and collection issues
  • Monitor and manage issues, escalate to appropriate leadership as needed.
  • Responsible for reconciliation of billing account transactions to ensure accurate information according to established guidelines/procedures

Required Skills/Abilities:

  • Strong analytical skills and proficiency in all Microsoft Office programs including advanced Microsoft Excel and PowerPoint skills is a requirement.  This includes the creating pivot tables, using excel formulas and analyzing data and illustrating results to administrative leadership and physicians.  Prior experience with Business Intelligence tools is preferred

 

  • Analytic and persistent; able to get to the root of problems. Self-motivated; reliable; strong attention to details; maintains confidentiality; complies with all policies and procedures.
  • Demonstrates maturity and the ability to function as a team member, good communication skills.
  •  Organized, assertive, mature, approachable and open-minded. Willing to take initiative. Identifies and progresses toward meeting personal and professional goals.
  • Able to deal with stress and conflict appropriately.
  • 2-5 years of physician billing experience and 3 years of supervisory experience in physician billing and collections.
  • Strong communication skills
  • Ability to track, trend, and analyze payer data
  • Experience in CPT and ICD-10 Coding
  • Strong knowledge of Medical Terminology

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education/Experience:

  • Bachelor’s Degree preferred with a preference for a degree in finance, business or a health care related field. High School Diploma, minimum 6 years of applicable business-related experience required in healthcare industry.
  • The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.


Skills for Revenue Cycle Specialist

The job skills required for Revenue Cycle Specialist include Billing, Leadership, CPT, Microsoft Office, Health care,and Analytical Skills etc. Having related job skills and expertise will give you an advantage when applying to be a Revenue Cycle Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Revenue Cycle Specialist. Select any job title you are interested in and start to search job requirements.

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Career Path for Revenue Cycle Specialist

The following is the career advancement route for Revenue Cycle Specialist positions, which can be used as a reference in future career path planning. As a Revenue Cycle Specialist, it can be promoted into senior positions as a Revenue Cycle Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Revenue Cycle Specialist. You can explore the career advancement for a Revenue Cycle Specialist below and select your interested title to get hiring information.

How to Become a Revenue Cycle Specialist

If you are interested in becoming a Revenue Cycle Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Revenue Cycle Specialist for your reference.

Step 1 Understand the job description and responsibilities of a Revenue Cycle Specialist

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Step 2 Knowing the best tips for becoming a Revenue Cycle Specialist can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

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