What are the responsibilities and job description for the Revenue Cycle Analyst I position at McLaren?
Position Summary:
The Revenue Cycle Analyst I is responsible for the review, education, maintenance, reporting and improvement of all aspects of the Revenue Cycle. This includes the monitoring of Revenue Cycle systems, development of reports and data sets, analyzing revenue, provide education, identify root causes and recommend/design improvements.
Essential Functions and Responsibilities As Assigned:
1. Accountable for one or more Patient Financial Services Activities such as :
· Reporting/Data Extraction
· Analytics
· System Implementation/Software Administration
· Reporting/ Tracking
· Training/Education
· Process Improvement
· System Maintenance
· Cash
- Analyzes front-end delays and problems related to complete and accurate information needed for timely billing.
- Monitors and improves the insurance verification and point of service collection process.
- Collaborates with clinical managers in the hospitals to identify and improve the accuracy and timeliness of charge entry and bill generation for their line of business.
- Identifies trends and recommends and implements appropriate improvements in the revenue cycle.
- Manages department and budgets within specified parameters. Consistently contributes to sound financial practices.
- Develops and implements policies and procedures.
- Maintains related profiles, tables and procedure manuals in the Revenue Cycle computer system.
Qualifications:
Required:
· Bachelor’s degree in Finance, Healthcare, Management, or Information Technology or related field
· Two years of related revenue cycle experience or one year consulting in systems or training for data analytics
Preferred:
· Working knowledge of CPT, HCPCS, and ICD-10
- One year of experience in hospital financial services or patient service.