Consultant, Revenue Cycle

Alvarez & Marsal · New York, NY · 2 wk ago

Consulting$100k–$120k/yrFull-time

About the role

The Healthcare Industry Group at Alvarez & Marsal (A&M) leads transformational change in healthcare. We assist clients in enhancing financial and operational performance, accelerating strategic growth, and optimizing value throughout the investment lifecycle. Our team brings diverse perspectives and experiences to address complex healthcare challenges.

Responsibilities

Build and maintain financial and operational models to assess client performance and inform recommendations
Conduct benchmarking and root cause analyses, including data sampling to identify performance gaps and improvement opportunities
Map out processes and perform gap analyses while managing both client and internal projects
Conduct client interviews and observations to define current state and identify actionable items for improvement
Analyze and sample data for root cause analysis
Create and communicate client-ready deliverables
Manage assigned workstreams or projects, coordinating inputs and driving work to completion
Create flowcharts or process maps to visually represent how tasks are currently being performed from patient registration to final payment resolution

Requirements

A minimum of three (3) years of prior work experience in healthcare, consulting, or healthcare industry such as revenue cycle, hospital, accounting, audit, private equity, or healthcare operations with a healthcare focus
BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH
Prior experience with revenue cycle in a hospital or larger health system a plus
Experience with healthcare revenue cycle issues and solutions for improvement related to increasing collections, reducing DSOs, increasing efficiencies, and detailed knowledge of government and third-party payors
Experience working with Revenue Cycle systems, operations, regulations, and an understanding of RCM KPIs and industry best practices
Demonstrates knowledge in at least one RCM functional area (e.g., Financial Clearance, Payment Integrity, Coding, Billing, Collections, etc.)
Ability to conduct operational data analysis and synthesize information to assist in the development of reports, KPI metrics, and capturing actionable insights
Advanced Microsoft Excel, PowerPoint, and Word skills are required; experience with Tableau, SQL, SPSS, Power BI, Action O-I benchmarking, MGMA survey data are preferred
Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel
Solid project management and organizational skills with prior experience independently managing at least one RCM functional workstream
Ability to coach and mentor junior staff
Ability to use sound judgement and escalate project issues to project managers or engagement leaders
Willingness and ability to travel as required

Qualifications

BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH
Prior experience with revenue cycle in a hospital or larger health system a plus
Experience with healthcare revenue cycle issues and solutions for improvement related to increasing collections, reducing DSOs, increasing efficiencies, and detailed knowledge of government and third-party payors
Experience working with Revenue Cycle systems, operations, regulations, and an understanding of RCM KPIs and industry best practices
Demonstrates knowledge in at least one RCM functional area (e.g., Financial Clearance, Payment Integrity, Coding, Billing, Collections, etc.)
Ability to conduct operational data analysis and synthesize information to assist in the development of reports, KPI metrics, and capturing actionable insights
Advanced Microsoft Excel, PowerPoint, and Word skills are required; experience with Tableau, SQL, SPSS, Power BI, Action O-I benchmarking, MGMA survey data are preferred
Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel
Solid project management and organizational skills with prior experience independently managing at least one RCM functional workstream
Ability to coach and mentor junior staff
Ability to use sound judgement and escalate project issues to project managers or engagement leaders
Willingness and ability to travel as required

Skills

Financial and operational analysis
Excellent written and verbal communication skills
Project management and organizational skills
Operational data analysis
Microsoft Excel, PowerPoint, and Word proficiency
Tableau, SQL, SPSS, Power BI, Action O-I benchmarking, MGMA survey data experience

Benefits

Regular employees working 30 or more hours per week are entitled to participate in Alvarez & Marsal Holdings' fringe benefits, including healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part-time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type.

Pay

$100,000 - $120,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography.

Schedule

Flexible schedule to accommodate client needs and project demands.

Location

Various locations across the United States.