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MANAGER DENIAL RECOVERY
Sinai Chicago Chicago, IL
$92k-125k (estimate)
Full Time | Ambulatory Healthcare Services 0 Months Ago
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Sinai Chicago is Hiring a MANAGER DENIAL RECOVERY Near Chicago, IL

GENERAL SUMMARY/BASIC PURPOSE OF JOB:

As part of the Revenue Cycle team the Manager of Denial Recovery is responsible for the overall transformational performance of denial management. Functions include but are not limited to, planning for performance improvement, data trending and analytics to drive decisions, critical thinking to get to true root cause, collaborate with all departments across the organization to course correct root causing, develop and monitor data driven key performance indicators to measure progress. The Manager of Denial Recovery will consistently demonstrate support of Sinai Health Systems Mission, Vision and Core Values by contributing to the team efforts and showing respect for and compassion for patients and their families, fellow employees, and all others with whom there is contract at or in the interest of the organization.

REPORTING RELATIONSHIPS: 

  • Reports to: VP of Revenue Cycle
  • Provides Supervision to: Denials Management Team 

ESSENTIAL FUNCTIONS AND DUTIES

  • Develops strategies, oversees and coordinates the execution of denial reduction projects by collaborating with the leadership of key areas including, but not limited to Accounts Receivable, Financial Clearance, HIM/Coding/Revenue Integrity, Patient Access and Clinical Operations.
  • Responsible for the development and execution of denial prevention plan that identifies root causes with proactive and sound approaches to reducing denials.
  • Identifies and communicates payer-specific issues for escalation. Collaborates with managed care contracting team to identify systematically resolve patterns of underpaid claims with managed care organizations, insurance companies, and governmental programs.
  • Create and consolidate denial management structure with monitoring; develop a methodology and committee structure to manage the performance of the denial management function and govern operational changes that may be necessary to prevent future denials in key areas including but not limited to Accounts Receivable, Financial Clearance, HIM/Coding/Revenue Integrity, Patient Access and Operations.
  • Responsible for recruitment, development and performance management within areas of responsibility, translating the departmental vision into meaningful and effective results. Provides ongoing feedback to team regarding productivity and quality.
  • Manages and prioritizes timely review, investigation and response to clinical denials and the required actions for appeals within contractual time frames.
  • Facilitator and generator of new ideas and a mediator on difficult issues. Builds teamwork within Revenue Cycle.
  • Subject matter expert while staying up to date on clinical regulations affecting denial prevention and management practice.
  • Ensure measurement and achievement of KPI’s (key performance indicators) of the department and Revenue Cycle in general while devising strategic methodology to reach and maintain those goals.
  • Develop departmental strategies to meet cash projection goals, reduce days in account receivable, and reduce denials.
  • Perform other duties as assigned.

JOB REQUIREMENTS:

MINIMUM EDUCATION:

  • Bachelor’s degree or 5 years previous relevant healthcare leadership experience

MINIMUM WORK EXPERIENCE:

  • A minimum of 3 years working experience in a Revenue Cycle leadership role
  • A minimum of 3 years of current experience with reimbursement methodologies

KNOWLEDGE & SKILLS:

  • Experience in integrating financial, clinical and coding processes to improve compliance and maximize reimbursement
  • Experience and familiarity with CMS regulations, billing compliance, Medicare, Medicaid and other third-party reimbursement methodologies
  • Understanding of medical terminology, DRG’s. CPT/HCPCS codes, and claim coding systems
  • Ability to define problems, collect data, validate data, establish facts and draw valid conclusions
  • Must be able to identify payer trends and research solutions

REQUIRED LICENSES, CERTIFICATES, REGISTRATIONS: N/A

Job Summary

JOB TYPE

Full Time

INDUSTRY

Ambulatory Healthcare Services

SALARY

$92k-125k (estimate)

POST DATE

05/22/2023

EXPIRATION DATE

06/03/2024

WEBSITE

sinaichicago.org

HEADQUARTERS

CHICAGO, IL

SIZE

1,000 - 3,000

FOUNDED

1912

TYPE

Private

CEO

ALLAN CHANNING

REVENUE

$50M - $200M

INDUSTRY

Ambulatory Healthcare Services

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