Revenue Cycle Management Expert
1 week ago
About the Job Description
This role is responsible for overseeing the auditing processes within the medical billing and credentialing functions. The role involves conducting detailed audits, ensuring compliance with regulations, identifying areas for improvement, and implementing corrective actions to optimize revenue cycle performance.
Key Responsibilities:
- Audit Planning and Execution:
- Develop and implement comprehensive audit plans for medical billing and credentialing processes.
- Conduct regular audits on charge entries, payment postings, and claim submissions to ensure compliance with industry standards and company policies.
- Review coding practices and billing procedures to ensure accuracy in documentation and claims.
- Ensure all billing and credentialing activities comply with relevant regulations (HIPAA, CMS guidelines, etc.).
- Monitor for adherence to payer-specific billing rules and government regulations.
- Stay updated on changes in healthcare laws and ensure the team is compliant.
- Serve as a role model and mentor to less experienced personnel on professional standards of performance.
- Provide consulting services and lead independent audits and assessments to improve operations and manage risks related to complex technology and processes.
- Mentor, train, and enhance the knowledge of Senior/Staff Auditors and other business area teams in auditing and RCM processes.
- Analyze audit findings to identify trends, issues, and areas for improvement in the RCM process.
- Provide detailed reports on audit outcomes to the HOD Operations, outlining key performance indicators (KPIs), compliance issues, and recommendations for improvement.
- Ensure the preparation and delivery of KPI & MTD (Month to Date) reports to track performance, which will directly influence bonuses and incentives for team members.
- Work closely with teams to resolve discrepancies and implement solutions to enhance revenue cycle efficiency.
- Follow up on past audit findings to ensure timely and adequate remediation.
- Implement corrective action plans based on audit outcomes to enhance overall compliance and financial performance.
- Identify and mitigate risks associated with the revenue cycle by ensuring strict compliance and best practices in billing and credentialing.
- Conduct regular risk assessments and recommend strategies to minimize financial losses or compliance violations.
- Recommend process improvements to optimize the revenue cycle workflow and enhance operational efficiency.
- Lead efforts to implement automation and advanced technology solutions for RCM auditing.
- Track performance metrics and recommend actions for improved revenue capture and reduced denials.
Required Qualifications and Skills:
The ideal candidate will have a strong understanding of ISO standards, quality methods, risk management, and relevant certifications. They must also possess excellent analytical, organizational, and mentoring skills, as well as strong communication and leadership abilities.
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