Position Summary and Purpose
The Revenue Cycle Business Partner is responsible for providing operational and analytical support to the revenue cycle management team. This individual will also collaborate with clinical operations IT affiliated hospitals and the Central Billing Office to improve revenue process efficiency and performance as directed by management.
Essential Functions:
Financial Analysis
Provide in-depth analysis of data such as AR denials and reimbursement trends to support decisions impacting revenue cycle performance.
Communicate in oral and written formats results of this analysis with appropriate stakeholders through dashboards ad-hoc reporting modeling tools presentations or other methods.
Develop tools and methodologies to monitor analyze and forecast revenue cycle trends.
Development and evaluation of leading financial indicators including benchmark performance through FPSC Revenue Cycle Suite where possible.
Operational Analysis
Develop in-depth understanding and documentation of ULP revenue cycle processes.
Identify opportunity areas to streamline revenue cycle processes and develop strategies for execution with the revenue management team.
Provide support for the implementation of new revenue cycle processes and procedures.
Assist the revenue cycle management team with revenue cycle improvement projects.
Make data-supported recommendations for improving revenue cycle performance.
Other Functions:
Performs other duties as assigned
Job Requirements
(Education Experience Licensure and Certification)
Education:
Undergraduate degree in business administration or related field required; or equivalent experience required
Experience:
Experience with financial data analysis and forecasting
Licensure: N/a
Certification: N/a
Job Competency:
Knowledge Skills and Abilities critical to this role:
Language Ability:
Excellent written and verbal communication skills
Reasoning Ability:
Strong analytical skills
Demonstrated ability to learn new concepts and execute knowledge gained through work efforts.
Computer Skills:
Proficiency with Microsoft Office and reporting tools
Knowledge of standard office equipment including computers fax machines copiers printers telephones etc.
Additional Responsibilities:
Must maintain valid drivers license and be able to provide reliable mode of transportation in order to attend meetings and conduct other business off-site at times
Knowledge of general medical billing processes
Perform job duties in concert with the values of the organization and demonstrate personal integrity.
Ability to:
Work independently
Meet deadlines
Interact with a large and diverse number of people
Multi-task
Analyze large amounts of data
Identify trends and offer solutions
Communicate effectively
UofL Health Core Expectation:
At UofL Health we expect all our employees to live the values of honesty integrity and compassion and demonstrate these values in their interactions with others and as they deliver excellent patient care by:
Honoring and caring for the dignity of all persons in mind body and spirit
Ensuring the highest quality of care for those we serve
Working together as a team to achieve our goals
Improving continuously by listening and asking for and responding to feedback
Seeking new and better ways to meet the needs of those we serve
Using our resources wisely
Understanding how each of our roles contributes to the success of UofL Health
Required Experience:
Senior IC
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