Vice President - Revenue Cycle Management

Responsibilities

About Universal Health Services

One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. (UHS) has built an impressive record of achievement and performance. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $13.4 billion in 2022. During the year, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; and listed in Forbes ranking of America’s Largest Public Companies. Headquartered in King of Prussia, PA, UHS has approximately 94,000 employees and continues to grow through its subsidiaries. Operating acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located all over the U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. www.uhs.comThis opportunity offers the following:Competitive compensationExcellent medical, dental vision and prescription planGenerous paid time offChallenging and rewarding work environment401(k) retirement plan with a company matchBonus opportunityBenefits (Proceed as Guest) (url removed) Vice President – Revenue Cycle is responsible for the both the front-end (scheduling, pre-admission, registration) and back-end (billing and collections) Revenue Cycle functions across the Acute Care Division totaling approximately $7billion in revenue.  Collaborates to continually improve business and clinical processes (as appropriate) inclusive of internal personnel and external vendor support for these areas.  

• Specific to front-end Revenue Cycle - Oversees the corporate team providing direction to facility scheduling, pre-admission and registration processes.  This includes business decisions about IT system configuration, process and procedures for insurance verification and related UHS personnel and external vendor support. Engages with facility leaders to ensure process standardization and consist high-performance of metrics and KPIs. 
• Specific to back-end Revenue Cycle -  Oversees the corporate team and both of the Central Business Offices (CBOs) and related key processes: contract build, CDM management, revenue integrity, claims edits, billing, payment posting, variance management, denial management, self-pay follow up, bad debt, integration to Payer Joint Operating Committee (JOCs) and Payer Escalation (action after final denials). Also manages the analytics team that supports data management and dashboard reporting for daily, weekly, monthly and annual reporting cycles.  
• Ensures alignment with corporate and facility executives on Revenue Cycle performance and management of special analysis and projects as necessary.  
• Collaborates with managed care teams to provide input for activities that support improved contract language to secure revenue, reduce denials and maintain an effective appeal process. 
• Develops strategy to further expand technology automation and easily adapt to expanded business volumes as additional acute care hospitals and free-standing emergency departments (FEDs) are brought online.  
• Ensures compliance with professional, state and federal regulatory requirements. 
• Oversees 35 corporate FTEs and 600 CBO personnel.  

Demonstrated knowledge of relevant areas or demonstrated ability to grow into managing relevant areas. 
A graduate degree in related field with experience in revenue cycle. 
Strong clinical background with previous executive level experience preferred. Minimum of 8-10 years experience.Travel requirements 25% . Work location of King of Prussia, Philadelphia.  For the right candidate, would consider location of Richmond, Virgina.
Qualifications

• Directs, monitors and continually improves clinical and business processes and related outcomes for the assigned areas of Front-end Revenue Cycle (scheduling, pre-admission and registration) and Back-end Revenue Cycle (billing and collections, denial management). 
• Participates in the design and implementation of Revenue Cycle technology systems and related interfaces and analytical systems. 
• Works collaboratively with managed care to support improved contract language, contract performance.
• Works with managed care and hospital leadership to align on optimal Revenue Cycle performance.  Reviews performance and develops strategy for improvement.
• Stays abreast of current trends, regulatory requirements, innovations, and healthcare policy and research for assigned areas.  

UHS is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at UHS via-email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of UHS. No fee will be paid in the event the candidate is hired by UHS as a result of the referral or through other means.EEO StatementAll UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws.We believe that diversity and inclusion among our teammates is critical to our success.NoticeAt UHS and all our subsidiaries, our Human Resources departments and recruiters are here to help prospective candidates by matching skillset and experience with the best possible career path at UHS and our subsidiaries. We take pride in creating a highly efficient and best in class candidate experience. During the recruitment process, no recruiter or employee will request financial or personal information (Social Security Number, credit card or bank information, etc.) from you via email. The recruiters will not email you from a public webmail client like Hotmail, Gmail, Yahoo Mail, etc. If you are suspicious of a job posting or job-related email mentioning UHS or its subsidiaries, let us know by contacting us at: (url removed) or (phone number removed). #J-18808-Ljbffr