Job Overview
We are seeking a highly skilled and experienced System Vice President of Revenue Cycle to join our esteemed healthcare organization. In this pivotal role, you will partner with the senior leadership team to shape strategic initiatives and oversee revenue cycle operations throughout our health system. Reporting directly to the Chief Financial Officer, you will play an integral role in fostering collaboration and communication with leaders across medical centers to optimize revenue cycle management.
Key Responsibilities
- Formulate and execute long-term strategic plans that align with organizational objectives, enhancing both operational efficiency and financial performance.
- Develop and implement operational strategies that prioritize customer service, financial outcomes, and regulatory compliance.
- Advocate for revenue cycle awareness throughout the organization, cultivating strong partnerships with stakeholders across diverse departments.
- Collaborate with finance and IT teams to design a transformation roadmap aimed at driving operational improvements.
- Lead governance initiatives to establish standardized, compliant practices across all medical centers.
- Organize consistent educational workshops aimed at sharing best practices to refine operational processes.
- Champion projects that enhance associate engagement consistent with our organizational values.
- Work collaboratively with leaders in related departments to optimize workflows and clarify responsibilities.
- Oversee market expansion, system implementations, and upgrades pertaining to revenue cycle applications.
- Address complex challenges and devise innovative solutions to enhance operational success.
- Assess new technologies and vendor solutions, recommending advancements that promote efficiency.
- Maintain robust relationships with Revenue Cycle leaders and key stakeholders.
- Drive continuous improvement in revenue cycle processes through the integration of technology and ongoing process enhancements.
- Lead initiatives to improve performance metrics while ensuring adherence to industry standards.
- Formulate policies and procedures that bolster efficient operations across the system.
- Establish and nurture strong relationships with essential strategic partners to facilitate collaboration and stakeholder engagement.
- Report regularly to senior management on key performance indicators, addressing any emerging issues proactively.
- Oversee risk analysis to identify potential challenges affecting the medical center, collaborating on strategies to mitigate these risks and ensure compliance with all relevant policies and procedures.
- Develop a high-performing team that consistently meets benchmarks for operational excellence, compliance, and employee satisfaction.
- Stay abreast of changes in government regulations that impact billing and revenue cycle management, setting appropriate goals, objectives, and budgets to achieve favorable outcomes aligned with organizational priorities.
Required Skills
- Strong financial management skills, including budget analysis and forecasting.
- Exceptional leadership capabilities, with a focus on motivating and guiding cross-departmental teams.
- Outstanding communication abilities, capable of distilling complex financial concepts into comprehensible terms.
- Proven problem-solving aptitude, adept at navigating intricate revenue cycle processes.
- A collaborative spirit for building relationships and fostering a culture of teamwork.
- High energy and creativity in managing multiple work demands and prioritizing objectives.
Qualifications
- 15-20 years of experience in hospital operations and revenue cycle management within a large integrated health system.
- Demonstrated success in overseeing all aspects of revenue cycle operations from patient contact through to collections.
- Proven experience in aligning organizational core values with operational objectives.
- Expertise in deploying advanced technology solutions and spearheading large-scale change initiatives.
Employment Type: Full-Time