PsychPlus · 18 hours ago
Vice President of Revenue Cycle
PsychPlus is on a mission to reimagine mental health care delivery across the United States, offering a digital-first approach to psychiatry and therapy. The Vice President of Revenue Cycle will oversee the revenue cycle process, ensuring compliance and maximizing financial performance while managing billing, coding, collections, and insurance verification.
Responsibilities
Develop and implement tailored strategies to enhance revenue cycle processes specific to behavioral health, reducing costs and improving revenue capture and collections efficiency
Manage, train, and support revenue cycle team members in billing, coding, and collections, fostering an environment focused on professional growth and operational efficiency
Ensure all revenue cycle functions comply with healthcare regulations, including HIPAA, and behavioral health-specific rules and payer guidelines. Maintain awareness of evolving regulations affecting behavioral health reimbursements
Oversee the accurate and timely submission of claims, work to reduce denials, and address claim rejections, with an emphasis on mental health and substance use disorder (SUD) services
Partner with intake and patient access teams to ensure smooth, compliant, and accurate patient data collection, authorization, and verification processes to improve billing accuracy
Leverage and maintain behavioral health-specific RCM software and work with IT to enhance system capabilities, supporting accurate data reporting and process automation
Track and analyze key performance indicators (KPIs) such as days in accounts receivable (A/R), denial rates, and net collection rates. Report performance, trends, and improvement areas to senior management regularly
Collaborate with finance and clinical teams to prepare revenue forecasts, budgets, and variance analysis to support organizational financial health
Work closely with clinical staff, case management, and administrative teams to align revenue cycle processes with patient care quality and compliance in behavioral health billing and coding
Identify and lead improvement projects to streamline revenue cycle operations, reduce claim denial rates, and optimize behavioral health reimbursements
Qualification
Required
Bachelor's degree in Healthcare Administration, Finance, Business, or a related field
7+ years of revenue cycle management experience, with a minimum of 3 years in a behavioral health or mental health setting
3+ years of experience within a leadership role
Expertise in behavioral health billing, coding, and collections processes, including CPT and ICD coding for mental health services
Knowledge of behavioral health reimbursement models and compliance standards
Proficiency in RCM software, specifically for behavioral health settings
Strong analytical and problem-solving skills with a proactive, detail-oriented approach
Exceptional leadership and communication skills, able to work effectively with clinical and administrative teams
Preferred
Master's degree in a related field
Certified Revenue Cycle Representative (CRCR), Certified Healthcare Financial Professional (CHFP), or similar certification in behavioral health revenue cycle management
Benefits
Zero-stress medical, dental, and vision coverage
Competitive salaries
Generous PTO policy
Company
PsychPlus
PsychPlus makes mental health care affordable and accessible with psychiatry, virtual visits, and innovative tech.
Funding
Current Stage
Late StageRecent News
2025-09-12
EIN Presswire
2025-08-13
Company data provided by crunchbase