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Ovation Healthcare · 3 months ago

Healthcare Revenue Cycle Data Analyst

United States

Full-time

Remote

Mid Level

Ovation Healthcare has been enhancing local healthcare for over 40 years, focusing on supporting independent community healthcare. The role of Healthcare Revenue Cycle Data Analyst involves analyzing practice performance, developing strategies to improve cash flow, and enhancing financial efficiency through data-driven insights.

AdviceBusiness DevelopmentHealth CareManagement Consulting

Responsibilities

Dive deep into practice data to analyze revenue cycle performance. You will identify trends, pinpoint root causes of payment delays, and proactively develop strategies to improve cash flow and reduce outstanding accounts receivable

Partner with our IT department to design and implement custom dashboards and reporting tools. These tools will be essential for monitoring key performance indicators (KPIs), tracking service level agreements (SLAs), and providing actionable insights to leadership

Collaborate with internal and external stakeholders to streamline billing processes, implement best practices, and optimize workflows to increase efficiency and revenue capture

Continuously monitor and report on the financial health of assigned practices, providing regular updates and recommendations to management

Qualification

Revenue Cycle ExpertiseData VisualizationFinancial AnalysisAnalytical SkillsCommunicationProblem-Solving Mindset

Required

Proven Analytical Skills: You must be able to not only analyze complex data but also translate your findings into clear, actionable business recommendations

Revenue Cycle Expertise: A strong understanding of the professional billing revenue cycle, including claims submission, denial management, and accounts receivable follow-up

Data Visualization & Reporting: Experience working with business intelligence tools (e.g., Power BI) and collaborating with IT to build and maintain dashboards

Problem-Solving Mindset: A proactive approach to identifying and solving problems before they impact the bottom line

Strong Communication: The ability to effectively communicate complex financial information to both technical and non-technical audiences

Reliable high-speed internet connection is required for all remote/hybrid positions

Must have access to stable Wi-Fi with sufficient bandwidth to support video conferencing, cloud-based tools, and other online work-related activities

A HIPAA-compliant work environment is required, including a secure workspace free from unauthorized access or interruptions, no use of public Wi-Fi unless connected through a secure company-provided VPN, and compliance with all applicable HIPAA privacy and security regulations