Director Of Revenue Cycle Management - 1998665
Job Description
Job Description
Responsibilities :
- Revenue Cycle Management : Spearhead the entire revenue cycle process, ensuring all billing, invoicing, and collection activities are executed with precision and on schedule.
- Billing and Invoicing : Collaborate with internal stakeholders to create accurate and compliant invoices for clients based on service agreements and deliverables.
- Collections Strategy : Formulate and enforce strategies to ensure timely collection of payments, setting clear terms and robust follow-up protocols.
- Client Relations : Act as the primary contact for client billing queries, working closely with relationship managers to resolve issues related to billing and payments.
- Financial Reporting : Regularly prepare and analyze reports on revenue and accounts receivable, identifying trends and areas for improvement, and reporting findings to senior management.
- Process Improvement : Constantly evaluate and improve revenue cycle processes using advanced technology and industry best practices to minimize delays in payments.
- Collaborative Efforts : Engage with Sales, Finance, and Operations teams to ensure cohesive revenue-related activities and address discrepancies.
- Team Leadership : Lead, mentor, and support a team of billing and collections specialists, focusing on professional growth, performance improvement, and feedback.
- Regulatory Compliance : Maintain strict adherence to relevant regulations, client agreements, and internal policies in all billing and revenue activities.
- Vendor Management : Manage and negotiate terms with third-party vendors involved in the revenue cycle, ensuring effective collaboration and integration.
- Systems Integration : Partner with IT and other relevant departments to enhance and maintain revenue cycle management systems for better data accuracy and reporting.
Qualifications :
- Bachelors degree in Finance, Accounting, Business Administration, or a related field; Masters degree preferred.
- Over 8 years of progressive experience in revenue cycle management, finance, or similar fields, including at least 5 years in a leadership or managerial role.
- Extensive knowledge of billing, invoicing, and collections processes
- Strong skills in financial analysis, reporting, and interpreting complex data.
- Exceptional communication abilities, capable of effectively engaging with clients, team members, and upper management.
- Demonstrated leadership prowess with a track record of mentoring and developing teams.
- High attention to detail with a steadfast commitment to accuracy and regulatory compliance.
- Familiarity with revenue cycle management software and financial systems is advantageous.
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