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Myriad Genetics · 14 hours ago

Revenue Cycle Analyst II

322 N 2200 W, Salt Lake City, UT, 84116, US

Full-time

Onsite

Mid Level

3+ years exp

Myriad Genetics is a leading molecular diagnostic testing and precision medicine company dedicated to advancing health and well-being. The Revenue Cycle Analyst II will support the Revenue Cycle Management team by analyzing data, improving processes, and ensuring effective communication with stakeholders to enhance revenue cycle performance.

BiotechnologyPharmaceuticalPrecision Medicine

Responsibilities

Effectively communicate problems, root causes, and proposed solutions to the Analytics team and stakeholders. Expertise level of data presentation, Ability to explain issues for their assigned business unit to different levels of leadership from front line worker to C-suite. Expert ability in creating visuals to present data in a concise manner

Develop and adhere to a cadence of timely reporting and delivery of business analysis to stakeholders, including reporting key metrics. Assist management with tracking issue action plans to ensure timely collection and follow-up

Present root cause analysis data findings with conciseness and recommendations following a data story format. Guide trainings over excel or analytic functions to billing members. Understands and utilizes their expertise of the revenue cycle process from claim submission to receipt of payment/write off. Able to pinpoint inefficiencies along the way and make suggestions for process improvement

Builds data models and dashboards to support consistent, accurate and timely analysis that supports improving collections, developing more accurate collection processes, and improving efficiency and automation

Develops a thorough understanding of reporting systems, billing and analytic processes and payor-specific reimbursement and billing requirements, contributing in the proactive identification of opportunities for revenue cycle improvement and enhancement including identifying trends to resolve denials

Participate and, at times, represent Revenue Cycle in ASP meetings and discussions

Develops relationships with revenue cycle vendors to ensure vendor performance and quality meets or exceeds standards set for those relationships

Measures and suggests improvements in clinically based appeal strategies

Assists in PAMA reporting for new and existing tests with accuracy and timely delivery to the Vice President for regulatory reporting

Evaluate claim processing outcomes to improve the internal cost estimating engine and make revenue processing recommendations

Qualification

Revenue cycle principlesData analyticsMicrosoft ExcelCPT codingPower BICommunication skillsProblem-solvingTeam collaboration

Required

Bachelor's degree in business, informatics, quantitative field or 3+ years of revenue cycle/analytics experience

Fundamental understanding of revenue cycle principles, the theory of bottlenecks, and use of data models to measure and predict outcomes of processes

Working knowledge of CPT, HCPCS coding, DSO reduction, accounts receivable, denial resolution, appeals, HIPAA regulations, and EDI claims submission methods

Advanced knowledge of Microsoft Excel (ability to clean, transform and merge data sets; perform complex data analytics)