Consultant, Revenue Cycle

About the Firm

Alvarez & Marsal (A&M) is a global consulting firm with entrepreneurial, action- and results-oriented professionals. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

The Team

The Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As established leaders and trusted advisors, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our team brings diverse perspectives and experiences to assist clients with enhancing financial and operational performance, accelerating strategic growth, and optimizing value throughout the investment lifecycle.

We provide specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our professionals collaborate with a wide range of organizations, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, suppliers, vision centers, dental practices, and laboratories.

Responsibilities

• Work on revenue cycle projects, including due diligences, performance assessments, enterprise performance improvement, full-scale implementations, and interim management for a broad range of healthcare providers and supporting services companies.
• Build and maintain financial and operational models to assess client performance and inform recommendations.
• Perform 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.
• Prepare and communicate client-ready deliverables.
• Assist with the development of presentations, pitch, and proposal content.
• Manage assigned workstreams or projects, coordinating inputs and driving work to completion.
• Create flowcharts or process maps to visually represent tasks from patient registration to final payment resolution.

Our consultants possess a high aptitude for financial and operational analysis and leverage excellent written and verbal communication skills to work with senior leaders and clients. We seek someone with an entrepreneurial and collaborative mindset who works well with ambiguity and thrives in a fast-paced environment. You will have the opportunity to demonstrate leadership, integrity, and objectivity when interacting with clients at all corporate levels.

Qualifications

• A minimum of three (3) years of prior work experience in healthcare, consulting, or the 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 is 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.).
• Experience with workflow redesign and system implementation is a plus.
• 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, or MGMA survey data is 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; prior experience independently managing at least one RCM functional workstream is a plus.
• Ability to coach and mentor junior staff.
• Ability to use sound judgment and escalate project issues to project managers or engagement leaders.
• Willingness and ability to travel as required.

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.
• 401(k)-retirement plan with a discretionary company contribution upon meeting eligibility requirements.
• Paid time off, including vacation, personal days, 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 varies based on tenure and role type.

We prioritize continuous learning, rewards for contributions, and a culture of meritocracy. Top-notch training and on-the-job learning opportunities support your career advancement and well-being.

Pay

The salary range is $100,000 - $120,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program based on individual and firm performance.