This is the fourth in a series of four revenue cycle analyst roles in a multi-site multi-specialty academic medical center. Works collaboratively in a team environment to support the hospital surgical and clinical practices as well as Mayo Clinic leadership on revenue cycle issues. Actively communicate and present pertinent information to various audiences particularly practice and finance addition communication to senior leaders and formal Mayo committees is expected. Initiates and is responsible for identifying opportunities and recommends options for enhancing revenue while preserving Mayo standards and minimizing the financial and legal risks to Mayo. Interprets implements and maintains complex billing and compliance rules across the revenue cycle. Is recognized and relied upon as a subject matter expert in multiple revenue or compliance technical areas who can recognize problems formulate solutions and implement changes in revenue and compliance areas. Uses reporting tools to understand revenue and compliance risks and opportunities with significant impact to Mayo Clinic and conveys these along with impact and recommendations to leadership. Interprets and implements Mayo and governmental coding and billing rules and guidelines to ensure compliance. Conducts research and analysis benchmarking and audits to ensure reasonableness and accuracy of information along with identifying and implementing best practices and improvements. Responsible for the development implementation and maintenance of complex programs and tools for revenue recognition and billing compliance; the interpretation and implementation of billing rules policies and regulations; and identifies opportunities and recommends options for increasing financial margins. Provides expert revenue and billing analytics to support department and institutional leadership. Actively participates in decision-making related to revenue and billing opportunities and is responsible for formulating and validating recommendations. Leads and facilitates multi-disciplinary workgroups or projects. Mentors coaches and trains staff.
Bachelors Degree in economics mathematics business administration accounting finance healthcare business related fields or statistics and 11 years of relevant experience;
OR
High School diploma and 15 years relevant experience in lieu of Bachelors degree.
Masters degree with 9 years relevant experience preferred.
Has advanced knowledge of Microsoft applications including Word Excel Outlook and PowerPoint. Has an advanced understanding of coding billing and compliance practices. Has expert knowledge of large revenue recognition systems and practice billing systems. Possesses expert investigational skills shows attention to detail accuracy and ability to manage and prioritize multiple tasks. Ability to work independently. Possess initiative analytical skills and an ability to operate with a high level of productivity. Demonstrates advanced communication and presentation skills. Ability to work and lead in a team environment and develop constructive working relationships with others. Able to lead others through difficult situations. Coding/Compliance Certification preferred.
*This position is a 100% remote work. Individual may live anywhere in the US.
**This vacancy is not eligible for sponsorship / we will not sponsor or transfer visas for this position.
During the selection process you may participate in an OnDemand (pre-recorded) interview that you can complete at your convenience. During the OnDemand interview a question will appear on your screen and you will have time to consider each question before responding. You will have the opportunity to re-record your answer to each question - Mayo Clinic will only see the final recording. The complete interview will be reviewed by a Mayo Clinic staff member and you will be notified of next steps.
Required Experience:
Senior IC
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