LymphaCare · 3 hours ago
Revenue Cycle Manager
North Wales, PA
Full-time
Onsite
Mid, Senior LevelLymphaCare is seeking an experienced Revenue Cycle Manager to lead patient engagement and payment collection processes. This role involves optimizing collections, managing teams, and driving process improvements in a healthcare setting.
Hospital & Health Care
Responsibilities
Work with various department billing specialist and other department managers to identify areas of accounts receivable risk and develop plans to mitigate
Proactively identify ways to improve the timeliness and effectiveness of collecting on open accounts receivable
Participate in the overall company efforts to reduce Days Sales Outstanding, reduce aged accounts receivable and improve weekly cash collections
Work with collection agencies and corporate attorneys to collect on outstanding accounts receivable
Provide updates to Leadership on risk areas and mitigations, current collection efforts, outstanding accounts receivable balances and assessment of overall accounts receivable functions
Initiate accounts receivable metrics and related targets for each billing specialist
Assist the Controller in the analysis of account receivable reserves
Gain a solid understanding of the company’s various billing systems and processes
Provide plan improvements for under achieving metrics
Provide billing departments with tools and suggestions to improve their ability to collect more effectively on outstanding accounts receivable
Assist the Controller as required on various ad hoc requests
Seek continual self-improvement by working with the Controller on career development
Provide process improvement and internal control improvement suggestions to the Controller as identified through the performance of these principal roles and responsibilities
Performs other related duties as assigned by management staff
Model aligned leadership behavior, communicating with utmost professionalism at all times, and following all company policies/process without exception
Observe document, and report all occurrences of employees when there is non-compliance with company policy, process, or following appropriate chain of command
Build, oversee, and drive a diverse team to maximize revenues
Ensure patients, clinics, and sales reps receive responsive communication and timely resolutions every day
Manage and motivate your team to meet daily, weekly, and monthly goals
Provide feedback, coaching and mentoring to your team to drive increased productivity and quality of work
Supervise a team of employees including hiring, on boarding, training, disciplining, and performance evaluations
Develop and implement effective processes and policies that align with Company strategy to work most effectively with insurance companies within your assigned area
Monitor workload and order volume indicators to ensure adequate staffing
Other duties as assigned
Qualification
Required
Experience in revenue cycle management in a healthcare setting
Proven track record of optimizing collections and managing teams
Ability to drive process improvements
Experience in hiring, onboarding, training, and performance management
Strong understanding of accounts receivable risk and mitigation strategies
Ability to improve the timeliness and effectiveness of collecting on open accounts receivable
Experience working with collection agencies and corporate attorneys
Ability to provide updates to leadership on risk areas and current collection efforts
Experience in initiating accounts receivable metrics and related targets
Ability to assist in the analysis of account receivable reserves
Solid understanding of various billing systems and processes
Ability to provide process improvement suggestions
Strong leadership and communication skills
Ability to manage and motivate a team to meet goals
Experience in providing feedback, coaching, and mentoring to team members
Ability to develop and implement effective processes and policies
Experience in monitoring workload and staffing indicators
Company
LymphaCare
LymphaCare is a leading provider of top of the line products for treating wounds and lymphedema.
Founded in 2000
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase