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Endeavor Health · 1 day ago

Director, Net Revenue

Arlington Heights, IL

Full-time

Onsite

Director/Executive

$67.98/hr - $105.37/hr

10+ years exp

Endeavor Health is a fully integrated healthcare delivery system committed to providing access to quality care. The Director of Net Revenue will lead the Net Revenue functions, ensuring accurate reporting and budgeting, optimizing revenue, and managing a team of analysts to align with organizational priorities.

CommunitiesHealth CareMedicalTherapeutics

Responsibilities

Responsible for understanding, estimating and reporting net revenue across the system including related contractual allowances, denials, bad debt and charity reserves

With guidance from the VP, Corporate Finance and FP&A, develop, analyze and communicate revenue optimization opportunities and assist department and system leadership with executing plans to achieve those opportunities

Support month end close process through modeling and explaining third party settlement amounts

Enhances financial acumen across operational teams by educating leaders on financial reports, metrics, and improvement strategies

Acts as a key resource for operational and hospital leaders, resolving complex, sensitive, and technical issues with a high level of confidentiality and judgment

Assist with annual budget by providing expected impacts of government regulation updates and payor reimbursement changes

Lead Patient Accounts Receivable financial audits and act as primary contact with external audit team, as well as reporting and reconciliation of Net Revenue and Patient Accounts Receivable general ledger accounts

Analyze expected changes related to managed care contracting

Foster and maintain relationships with Operations, Revenue Cycle, Internal Audit, and Managed Care leadership

Manage the System Net Revenue team and RCA relationship, providing leadership in developing goals and accomplishment of those goals for both team members and the department

Qualification

Healthcare reimbursementFinancial modelingRevenue cycle managementAnalytical skillsLeadership experienceTeam developmentCommunication skillsProject managementAttention to detailCollaboration skills

Required

Bachelor's degree in accounting, finance, business administration or related field

Minimum ten years of progressive experience in healthcare reimbursement

Minimum of five years in a leadership role

Preferred

Master's degree in accounting, finance, business administration or related field

Strong understanding of revenue cycle, third party reimbursement mechanisms, and generally accepted accounting principles

Superior analytical and problem-solving skills, with demonstrated intellectual and analytical rigor

Demonstrated ability as a strong communicator and presenter in front of senior leadership team

Strong customer focus and ability to work within a cross-functional team environment

Ability to develop financial models and business cases to support operational objectives

Leads, develops and mentors team through orientation and training, establishing goals/objectives, communication policies and discipline. Builds employee morale and engagement

Advanced financial modeling, analysis, and reporting skills

Proficiency in Microsoft Office, particularly Excel (pivot tables, VLOOKUP, charts), PowerPoint, and Word

Excellent written and verbal communication skills, with the ability to explain complex financial information to non-financial audiences

Strong project management and organizational skills; ability to manage multiple priorities and deadlines

High attention to detail and a commitment to data integrity

Ability to collaborate with senior leaders and cross-functional teams to drive strategy and decision-making

Ability to lead, develop, and manage a team of financial analysts

Ability to work independently and exercise sound judgment in a fast-paced environment

Ability to foster innovation and continuous improvement within a team setting

Ability to translate financial data into actionable business insights

Ability to manage confidential information with integrity and professionalism

Benefits

Eligibility for our Annual Incentive Plan, which offers the potential to earn a certain percentage amount of your base salary based on organizational performance. (For AIP eligible positions)

Career Pathways to Promote Professional Growth and Development

Various Medical, Dental, Pet and Vision options

Tuition Reimbursement

Free Parking

Wellness Program Savings Plan

Health Savings Account Options

Retirement Options with Company Match

Paid Time Off and Holiday Pay

Community Involvement Opportunities