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Cooper University Health Care · 2 months ago

VICE PRESIDENT, REVENUE CYCLE

CAMDEN, NJ

Full-time

Onsite

Director/Executive

10+ years exp

Cooper University Health Care is committed to providing extraordinary health care through innovation and professional development. The Vice President, Revenue Cycle leads the strategy and optimization of revenue cycle operations across the health system, overseeing various functions to improve financial performance and operational standards.

Health CareInnovation Management

Responsibilities

Develops, leads and improves revenue cycle workforce, processes, policies and procedures, and technologies to ensure they are consistent with an effective revenue management approach

Oversees the management and continuous improvement of the operational standards to positively impact the overall collection, financial yield, cost of collection, accounts receivable days, and the service experience throughout Cooper University Health Care

In conjunction with service line leadership, oversees and drives continual denial reduction activities

Collaborates with Finance to provide adequate line of sight related to write-offs and variances in receivables. Maintains procedures and tactics to maintain optimal levels of bad debt

Provides regular reports to members of the Executive Leadership Team, in written and presentation formats. Acts as a single point of accountability for Cooper’s revenue cycle performance and improvement opportunities

Monitors and measures the quantitative performance of each function within the Revenue Cycle, addressing unfavorable trends and areas of risks

Monitors the local and national emerging and best practices associated with Revenue Management. Reviews and evaluates the effectiveness and efficiency of revenue cycle operations and recommends and guides modifications as conditions change

In collaboration with Managed Care leadership, ensures effective compliance and management of contract terms related to reimbursement and other revenue cycle activities. Provides insight into suggested opportunities in managed care contract negotiation

Ensures internal control oversight and compliance with laws and regulations, safeguarding of assets, compliance with Cooper policies and procedures, reliability of internal and external reporting, and efficiency and effectiveness of operations. Creates an effective control environment, conducts risk assessment, implements and monitors controls

Develops roadmap for automation and use of artificial intelligence to improve process and reduce overall cost-to-collect

Qualification

Revenue Cycle ManagementFinancial CounselingClinical Documentation ImprovementBudget ManagementContract NegotiationMicrosoft OfficeDepartment Operations ManagementGoal SettingEffective CommunicationProblem Solving

Required

Minimum 10 years of progressive experience in revenue cycle management

Bachelors required

Commitment to Cooper's core values

Proficiency in computer software (i.e. Microsoft Office)

Ability to communicate effectively in both oral and written form

Ability to recognize, analyze and solve a variety of problems

Ability to manage a budget and work within the constraints of that budget

Ability to direct, manage, implement and evaluate department operations

Ability to establish department goals and objectives that support the strategic plan

Preferred

Masters Preferred

Benefits

Health, dental, vision, life, disability, and retirement

Attractive working conditions

Opportunities for career growth through professional development

Company

Cooper University Health Care

Glassdoor3.6

Cooper University Health Care is the leading academic health system in South Jersey and provides access to primary, specialty, tertiary, and urgent care, all within one complete health system.

Founded in 1887

Camden, New Jersey, USA

10001+ employees