Job Description
Could you be our next HB Revenue Analyst (hybrid) at Ellis Preserve in Newtown Square?
Why work as a HB Revenue Analyst within our Magnet Health System?
Make an Impact! Under the direction of System Director of the Central Business Office, the HB Revenue Analyst will produce and generate Revenue Cycle-wide KPI and related reporting. Utilizing numerous applications, produce actionable reports intended to provide insights into the financial performance of MLH facilities. Identify and report upon key metrics that affect revenue recognition, cash flow, regulatory compliance, payer performance, staff performance, as well as vendor performance. This individual must be a self-starter, have the ability to work with various levels of staff and management, and as well as the ability to cultivate great working relationships throughout the Revenue Cycle.
Position: HB Revenue Analyst
Shift: Monday - Friday, 8am - 4:30pm
Highlight Of Essential Accountabilities
- This role supports the Revenue Cycle Team by building routine and ad-hoc reports and analysis of data pertinent to identifying gaps in process that negatively impact revenue and reimbursement.
- Handles all routine and ad-hoc report requests as assigned in an efficient and accurate manner.
- Provides analysis regarding charges, collections and reimbursement, and payment activity patterns to help identify trends and research issues related to reimbursement, billing, contracting and overall process.
- Responsible for taking large sets of often-complex data and summarizing the information to draw meaningful business conclusions that help the Revenue Cycle Central Business Office and Single Billing Office identify areas for improvement.
- Construct and report out on monthly reporting package consisting of denial trends, aged AR, high dollar accounts, and other items as requested to share with respective facility Finance Directors and Operational Leaders.
- Develops tables, stored procedures, graphs, narratives, presentations and reporting media to facilitate understanding of the results and the ability to act on findings. Uses proprietary software packages (e.g., MS Excel, MS Access, SAP Business Intelligence) to create user-friendly data collection systems and efficient reporting and analysis outputs.
- Provide support, financial analysis, and document revenue recovery of any assigned project or initiative.
- Create and maintain automated reconciliation tools (e.g. via Access database or equivalent) to manage vendor-assigned accounts in an efficient manner as well as aid in the automation of invoice reconciliation for vendors.
- Responsible to track and convey vendor performance via reporting.
- Serves as a key reporting resource for annual external audits, MLH Internal Audit, MLH Compliance, and organization effectiveness engagements.
- Presents integrated data from various report databases seamlessly by utilizing an advanced knowledge of available Microsoft Office tools: Microsoft Excel and Microsoft Access.
- Develop and establish guidelines, standards, methodologies and conventions for report writing and documentation. Maintain reporting inventory and reporting templates, including the history of report production.
- Participate in operational and technical meetings to understand business needs and how reports will satisfy end user requirements. Must collaborate with various stakeholders to ensure reporting output is consistent with business objectives.
Experience
3-5 years healthcare billing experience and/or accounts receivable experience utilizing automated patient accounting.
Additional Knowledge, Skills, Abilities:
- Microsoft Office applications experience. Advanced Excel proficiency required. MS Access and Crystal Reports or equivalent.
- Knowledge of insurance contracts, billing regulations and medical terminology preferred.
- Knowledge of HCPCS/CPT/ICD-10 and revenue codes preferred.
- Strong written/oral communications and problem-solving skills required.
- Strong analytical, mathematical, and organizational skills required.
Education
Required/Preferred Education Level
Minimum/Required: High School Or GED
Preferred: 4 Year / Bachelors Degree
Licensures/Certifications
- Certified Revenue Cycle Specialist (CRCS)/American Association of Healthcare Administrative Management (AAHAM), or Certified Revenue Cycle Representative (CRCR)/Healthcare Financial Management Association desirable.
Primary Location
United States-Pennsylvania-Newtown Square
Work Locations
Ellis Preserve
Job
Revenue Cycle
Organization
Y04067-Business Office
Schedule
Full-time
Shift
Day Job
Employee Status
Regular
Job Posting
Aug 1, 2023, 11:50:51 AM
Shift Details
1
Join the Team! Like our patients, the Main Line Health Family encompasses a wide range of backgrounds and abilities. Just as each of our patients requires a personalized care plan, each of our employees, physicians, and volunteers bring distinctive talents to Main Line Health. Regardless of our unique design, we all share a common purpose: providing superior service and care.
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