Somnia Inc.

Revenue Cycle Manager (RCM)

Job Locations US-NY-Harrison
ID
2024-2090
Category
Corporate
Type
Full-Time

Overview

Revenue Cycle Manager (RCM) Overview

The Revenue Cycle Manager is responsible for overseeing revenue cycle management including coding, billing, collections, and denial management as well as financial reporting within the organization. This position is responsible for ensuring claims, denials, and appeals are efficiently processed, and resolving billing-related issues. The Revenue Cycle Manager will minimize bad debt, improve cash flow, and effectively manage accounts receivables. This role will also manage Provider credentialing. The Revenue Cycle Manager will be the main contact for any RCM vendors, Medicare contacts, and Clearing House vendor. They will be responsible for setting the annual practice fee schedule. This position is to stay apprised of coding and revenue trends; and is responsible for coding education to clinical and coding/ billing staff. In addition, this position will manage all Revenue Cycle Management staff including billers, coders, team assistants, and the RCM/Admissions supervisor; this will include day to day supervision as well as development opportunities, training, and mentorship.

Responsibilities

Revenue Cycle Manager (RCM) Responsibilities

  • Oversee and manage entire revenue cycle including billing, coding, collections, and denial management
  • Manage relationships with external vendors for practice management software and clearinghouse vendor
  • Communicate professionally with various payers
  • Manage, develop, and mentor all revenue department staff, including billers and coders and RCM/Admissions Supervisor
  • Responsible for management of billing and practice management software platform
  • Provide up to date education for clinical, billing, and coding staff on coding trends
  • Develops, evaluates, implements, and revises policies and procedures related to billing, coding, reimbursement activities and improvement strategies
  • Reconcile all receivables and revenue reports and work closely with the finance department in the development of the monthly financial statements
  • Manage and update the charge master based on the current CMS fee schedule and negotiated contracts
  • Conduct monthly analysis of Medicare/Medicaid/Third Party Payers
  • Oversees the processing of credentialing and provider enrollment applications, initial, and re-enrollment status with all Medicaid, Medicare, and Commercial Payors
  • Responsible for the generation and management of revenue, admissions, and credentialing metric reports
  • Review and resolve issues related to claim generation and rejected/denied billings
  • Commit to highest level of business and patient confidentiality possible adhering to all HIPAA and security guidelines when accessing and sharing patient information
  • Keeps abreast of all reimbursement billing procedures of third party and private insurance payers and government regulations
  • Maintains appropriate internal controls over accounts receivable, RCM process
  • Monitors accounts sent for collection and reimbursements from insurance companies and other third-party payers
  • Reviews, monitors, and evaluates third party reimbursement and researches variances
  • Participates in the development of coding and billing strategies, evaluating process relative to revenue cycle, and making recommendations while ensuring compliance with any relevant rules or regulations (including HIPAA, Medicaid, Medicare, and specific 3rd Party Payors)
  • All other duties as assigned

Qualifications

Revenue Cycle Manager (RCM) Education and Qualifications

  • A bachelor’s degree and 3-5 years of related work experience
  • Certified coder, coding auditor, or coding education experience
  • Knowledge of third-party payer requirements including federal, state, and private health care plans and authorization process
  • Proven experience in healthcare billing, including Medicaid/Medical Assistance
  • Knowledge of basic insurance policies, procedures, and reimbursement practices with Medicare coding
  • Experience supervising staff
  • Prior experience with process development and execution
  • Excellent communication and interpersonal skills
  • This is a financially sensitive position and is contingent upon clear results of a thorough background screening.

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