What are the responsibilities and job description for the VP of Revenue Cycle Services position at Brickyard Healthcare?
Our VP of Revenue Cycle Services directs and controls the organization's accounts receivable billing and collection functions. Works closely with the Chief Financial Officer, Chief Operating Officer, and Operational Area Vice Presidents in the overall billing and collections monitoring and process improvement functions.
Why Work For Us?
- Competitive Pay
- Excellent health benefits packages
- Career advancement opportunities
- Education reimbursement program of up to $7,500 per year
Benefits & Conditions:
- No waiting period for enrollment
- Three health plan options
- Delta Dental
- VSP Vision
- Free Basic Life Insurance
- Disability, Critical Illness, Accident & Legal Coverage
- 401(k) Retirement Plan
- Employee Assistance Program
Responsibilties:
- Reports to and support BYHC's Chief Financial Officer in overseeing the overall accounts receivable billing and collections functions required for BYHC and related entities.
- Directs and controls all central business office staff and functions including a) generation of direct and third-party billings per required payers' standards, b) follow through and collections of balances due, and c) maintenance of organizational revenue cycle system's tables and data
- Directs and controls the monthly reporting of all accounts receivable components including ending receivable balances by age category, cash collections, bad debt write-offs and calculated ending days sales in account receivable
- Guides and support the facility business office managers and leadership in the collection of resident in-house private pay balances
- Research and engage external assistance as required for the timely collection of problematic accounts receivables or in the appeal of denied payments
- Works closely with the Finance/Accounting area in the monthly accounting closing of the revenue cycle system and in the control of the documentation of recoverable Medicare co-pay bad debts submitted on the annual Medicare cost reports.
- Support and communicate to facilities in a servant leadership manner.
- Prepare as necessary supplemental reports and information for ownership and management.
- Perform benchmarking of departmental functions to determine areas requiring attention from a process improvement or other cost savings perspective. Lead and monitor process improvement efforts, including establishment of annual departmental goals.
Qualfications:
- Bachelors Degree in Accounting, Finance or Management or equivalent professional level of knowledge and work experience required.
- Minimum five (5) years of experience in a healthcare billing/collections supervision and leadership role required.
- Experience in Medicare/Medicaid billing required.
- Experience in Point Click Care (PCC) or like long term care billing system preferred.
- Must be capable of maintaining regular attendance
Salary : $7,500