Mount Sinai Morningside ยท 2 months ago
Senior Revenue Analytics Associate-Patient Financial Services-Corporate 42nd Street-Full-Time Days (Hybrid)
New York, NY
Full-time
Hybrid
Senior Level
$88K/yr - $132K/yr
6+ years expMount Sinai Morningside is a part of the Mount Sinai Health System, dedicated to transforming healthcare through innovation and collaboration. The Senior Revenue Analytics Associate will optimize financial performance by developing strategies to improve revenue cycle processes and ensuring compliance and efficiency throughout the revenue cycle.
Hospital & Health Care
Responsibilities
Provides data to senior revenue cycle leadership to assist with developing the overall revenue strategy is focused enterprise-wide to maximize revenue performance
Leads the effort to secure accurate and timely charge capture
Organizes routine meetings with health system business leaders and managed care to review charge and revenue capture and performance
Builds effective, collaborative relationships with key stakeholders across departments (e.g., DTP, Human Performance, Managed Care, Finance, and clinical departments)
Collaborates with finance, managed care and DTP contributors to develop and operationalize optimal revenue capture, performance and trending
Advises on charging strategy and charging standardization
Provides leadership and supports governance processes to result in effective, efficient, standardized, and compliant practices across the MSHS
Investigates and resolves revenue shortfalls and coordinates efforts to assist senior revenue cycle leaders with development of innovative strategies and solutions
Works closely with clinical leaders and supply chain to evaluate revenue impact and charging for new technology, creates ROI analyses, and provides recommendations
Establishes and maintains strong working relationships with Revenue Cycle leaders, key stakeholders, and fosters a strong working relationship with key strategic partners
Maintains strong understanding of revenue performance metrics and payer mix and leads team in building plans to support operational departments to achieve best practice performance through strong analytical capabilities, process improvement identification, and technology enhancements
Improves charging and revenue operations through technology and process improvement
Effectively collaborates with finance on month end revenue performance, identifying trends and opportunities for optimization
Collaborates with business owner and finance on business plans projected revenue performance and develops a revenue look back process
Maintains strong customer relationships with key strategic partners
Ensures appropriate functional strategic partners are engaged throughout the process
Monitors and provides regular reporting to senior management on key performance metrics (e.g., actual versus expected results for financial targets)
Brings developing issues and recommended actions to the attention of senior leadership and governance committees
Develops, maintains, and ensures compliance with standardized policies, processes, and programs throughout the MSHS
Develops a high-performing team as measured through the achievement of benchmark process outcomes, audit and compliance results, financial goals, and employee satisfaction
Stays current with government regulations regarding billing and charging requirements
Establish goals, objectives, and budgets for assigned areas, and monitors/manages to ensure achievement once approved
Ensures all HIPAA privacy and security standards are adhered to
Conforms to the established policies/ procedures/ processes/ Standards of Behavior and ensures assigned staff do so
Qualification
Required
Bachelor's degree in finance or Business-related field
6 years of progressively responsible experience in healthcare analytics, finance or accounting that includes experiences in financial forecasting, financial modeling, planning, organizing and managing multiple financial activities
Extensive demonstrated success in a finance department in a large not-for-profit/academic health system facility or corporate environment
Excellent interpersonal skills, experience with making presentations to, and dealing with senior management and other C-suite leaders
Financial management skills, including the ability to analyze financial data for operations, budgeting, auditing, forecasting, accounting, AR and reserve analysis, market analysis, staffing, and financial reporting
Strong leadership skills to motivate cross-departmental teams' performance towards excellence using team concepts and consensus-building management styles
Advanced/effective interpersonal, written/verbal communication, and presentation skills, along with the ability to communicate complex finance concepts to others without a finance background
Demonstrated ability to engage in positive, powerful persuasion with individuals or groups with diverse opinions and/or agendas, leading to outcomes that meet identified goals
Ability to analyze and resolve complex problems necessary to develop and administer multifaceted revenue processes, regardless of whether issues originate in an area under direct or indirect control
Ability to enlist cooperation and build teams committed to carrying out initiatives in environments that may be resistant to change and not under the incumbent's direct authority
Ability to translate key performance indicator levels into a finance-based business case, then design, implement, and manage more effective/efficient processes
The ability to maintain a high level of positive energy/creativity during periods of elevated work demands
Ability to prioritize multiple objectives in a rapidly changing environment and deliver quality outcomes
Ability to develop and maintain effective relationships at all levels throughout the organization
Strong Leadership skills
Company
Mount Sinai Morningside
At Mount Sinai Morningside, we offer exceptional clinical care and research within the comfort of a neighborhood hospital known for compassion and sensitivity.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Faye Reiff-Pasarew
Deputy CMO, Associate Chief of Hospital Medicine, Assistant Professor of Internal Medicine
Lucy Xenophon, MD, MPH
Chief Transformation Officer
Company data provided by crunchbase