Associate Revenue Cycle Management Analyst

NYU Langone Health is a fully integrated health system that consistently achieves the best patient outcomes through a rigorous focus on quality, resulting in some of the lowest mortality rates in the nation. Vizient Inc. has ranked NYU Langone the No. 1 comprehensive academic medical center in the country for three years in a row, and U.S. News & World Report recently placed nine of its clinical specialties among the top five in the nation. NYU Langone offers a comprehensive range of medical services across 6 inpatient locations, its Perlmutter Cancer Center, and over 320 outpatient locations in the New York area and Florida. The system includes two tuition-free medical schools and a vast research enterprise with over $1 billion in active awards from the National Institutes of Health.

About the role

The Associate Revenue Cycle Management Analyst supports the Revenue Management Department through the identification, quantification, and execution of special projects aimed at increasing net revenue opportunities. The role involves reimbursement analysis by reviewing current practices related to system interfacing, account audits, contractual language, and other systems or departments impacting the institution's financial health. The Associate Analyst reports to the Revenue Management Manager.

Responsibilities

• Maintains and updates the monthly workload tracking document.
• Performs and participates in other related duties as required.
• Provides knowledge transfer and support to Revenue Management Department (RMD) staff.
• Performs data collection, tracking, and analytical duties to respond to key issues, increase/track reimbursement opportunities, and improve process efficiency in support of leadership decision-making from multidisciplinary perspectives.
• Assists in identifying trends for process improvement projects with departments to increase overall net revenue, charge capture rates, and secure optimal efficiency.
• Works collaboratively with auditors and department management/administration to understand services provided and explore opportunities for increased reimbursement.
• Identifies administrative errors, inaccurate service code assignment, and discrepancies in charging and/or reimbursement methodologies based on charge audit trends.
• Data mines from hospital information systems and runs reports as requested to find opportunities for revenue generation.

Requirements

• Bachelor's degree in Economics/Statistics, Finance, Business Management, Healthcare Administration, or a related field, or an equivalent combination of education and experience.
• Three years of related healthcare administration, financial, or revenue cycle analysis experience.

Skills

• Experience in financial analysis, budgeting, business and process analysis, and working knowledge of third-party reimbursement.
• Comprehensive understanding of audit and reimbursement systems, managed care contracts, rate structures, billing and collection processes, utilization review, healthcare information systems, outpatient revenue, and related healthcare topics.
• Strong analytical and communication skills.
• Knowledge of managed care terminologies and ability to interpret hospital bills, explanation of benefits, and medical records.
• Strong computer and systems application skills, including MS Access, Excel, and Word.
• Knowledge of NYULMC IT systems such as Epic and EPSi is preferred.
• Ability to effectively communicate with all levels of the organization.

Benefits

NYU Langone Health offers a comprehensive benefits and wellness package designed to support employees and their loved ones at every stage of life. Benefits include:

• Financial security benefits.
• A generous time-off program.
• Employee resource groups for peer support.
• Access to a holistic employee wellness program focusing on physical, mental, nutritional, sleep, social, financial, and preventive care well-being.

Pay

The salary range for this role is $66,299.99 - $67,000.00 annually. Actual salaries depend on factors such as experience, specialty, education, and hospital need. The range does not include bonuses, incentive pay, differential pay, or other forms of compensation or benefits.