Revenue Cycle Manager
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Job Location:
Lake Mary, FL - USA
Monthly Salary:
$ 99300 - 198700
Posted on:
5 hours ago
Vacancies:
1 Vacancy
Job Summary
JOB DESCRIPTION:
Working at Abbott
At Abbott you can do work that matters grow and learn care for yourself and your family be your true self and live a full life. Youll also have access to:
Career development with an international company where you can grow the career you dream of.
Employees can qualify forfree medical coverage in ourHealth Investment Plan (HIP) PPOmedical plan in the next calendar year.
An excellent retirement savings plan with a high employer contribution
Tuition reimbursement the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelors degree.
A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity working mothers female executives and scientists.
The Opportunity
This position works out of our Lake Mary FL location in the Abbott Heart Failure Acelis Connected Health business. Our Heart Failure solutions are helping address some of the Worlds greatest healthcare challenges.
In this role the core purpose of the Revenue Cycle Managers role is to improve profitability by reducing the amount of denied claims and strategically managing the Accounts Receivable. Revenue Cycle Management is a process not a product and its a strategic investment as opposed to overhead costs engaging in new payment models. RCM is at the forefront to increase bottom line returns vs. increased provision and provide excellent customer satisfaction tied to statement generation and up to full balance collections.
What Youll Work On
Management responsibility for ACHs Collections/Denials Management/Credit Balancefunction including support staff and establishment of goals andobjectives.
Leads activities associated with identifying Revenue Cycle opportunities and exposures assessing alternatives delivering recommendations to management supporting implementation to chosen alternatives andoptimizingoutcomes in association with overall businessobjectives.
Developsmaintainsmonitorsand implements actions in association with Revenue Cycle specific Business Performance Metrics and People Performance Metrics.
Interacts weekly and collaboratively with API andassistwith final interviews of TLs and SMEs payer trendingchangesand/or alterations to work instructions reviews productivity outputs DSO trends cashtrendsandviableopportunities to increase cash.
Defines and leads activities in support of ACHs Systems and Controls roadmap for the Claims/Collections/Posting organization promoting an environment that aligns effectively with existing and emerging regulatory trends and requirements.
Partners with functional stakeholders for purpose of driving measurable continuous improvements
Establishes Revenue Cycle subject matterexpertiseand develops teammates to promote an organization centered on the philosophy of continuous improvement.
Engages to support broader business initiatives involving technology/systems process engineering culture of controls organizational training/development internal/external audit activities etc.
Responsible for the management of the dailyAR managementoperations including data downloads transfers adjustmentsandaccounts receivable.
Monitors coding charge posting billing payment and collection for compliance with established policies & procedures.
Follows all regulatory policies and proceduresprivacyand security standardsin accordance withgovernment agencies to include HIPAA requirements.
Analyze trends using reporting to diagnosepossible issueswith clients or payers and continuous improvement of processes.
Works closely with leadership tomaintainappropriateRCMpolicies and procedures for each function within theARdepartment. Implement new policies or revise current policies as needed. Ensure staff adheres toestablishedpolicies and take corrective action as needed.
Review customer account adjustments write offs reconciliations and credit memos
Maintain a working knowledge of all federalstateand local governmental regulations that affect the collections and process including the Fair Debt Collection Act and the Fair Credit Reporting Practices Act
Performs otherduties asassigned by superiors.
Required Qualifications
Bachelors Degree or equivalent amount of education and experience.
5 years of experience in healthcare revenue cycle management.
Understanding ofthe Health Insurance industry and the impact various departments have on one another.
Must have strong verbal and written communication skills and effectively communicate to all levels of constituents including prospects/clients/providers/brokers
Must have strong organizational skills and strong Account Management skills
Ability to leadmanageand motivate a multi-functional team.
Ability to manage and lead teams to ensure departmental goals andobjectivesare achieved and exceeded.
Conductsaccurateandtimelyassessment of subordinates through annual performance reviews.
Maintains accuracy of time and attendance data for area of responsibility
Conducts supervisory responsibilitiesin accordance withthe organizations policies and applicable labor laws.
Maintains a culture of accountability by setting clearobjectivesfor all employees in areas of responsibility through regular follow-up variancetrackingand results.
Preferred Qualifications
5 years of client support experience preferred.
10 years of managing teams.
Ability and willingness to work as necessary after hours and weekends
Learn more about our health and wellness benefits which provide the security to help you and your family live full lives:
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer committed to employee diversity.
Connect with us at on Facebook at and on Twitter @AbbottNews.
The base pay for this position is
$99300.00 $198700.00In specific locations the pay range may vary from the range posted.
JOB FAMILY:
Manufacturing
DIVISION:
HF Heart Failure
LOCATION:
United States > Lake Mary : 1101 Greenwood Boulevard
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Yes 10 % of the Time
MEDICAL SURVEILLANCE:
No
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day) Continuous standing for prolonged periods (more than 2 consecutive hours in an 8 hour day)Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: EEO is the Law link - Espanol: Experience:
Manager
Key Skills
- Business Development
- Apprentice
- Asset Management
- ABAP
- IT Strategy
- Manufacturing
About Company
WHO WE ARE CREATING LIFE-CHANGING TECHNOLOGY From removing the regular pain of fingersticks as people manage their diabetes to connecting patients to doctors with real-time information monitoring their hearts, from easing chronic pain and movement disorders to testing half the world’s ... View more
