Director of Revenue Engagement-Surgery-Patient Financial Services-Corporate 42nd Street -Full-Time Days
Mount Sinai Morningside · New York, NY · 1 mo ago
Finance$140k–$210k/yrFull-time
Responsibilities
- Evaluate and improve end-to-end revenue cycle functions, from patient scheduling and registration through to final payment and resolution of accounts.
- Monitor key performance indicators (KPIs) and implement strategies to enhance efficiency, reduce denials, and increase collections.
- Collaborate closely with operational leadership across Hospitals, Ambulatory Care Settings, PBP, RCM, and other Mount Sinai divisions to improve revenue cycle performance.
- Partner with hospital leadership, ambulatory leadership, department/institute/service line leaders, providers and practice staff to promote engagement and alignment with RCM goals.
- Develop strong, collaborative relationships with cross-functional stakeholders including DTP, Human Performance, Managed Care, Finance, and clinical departments.
- Work with finance and managed care teams to improve registration, coding, and billing accuracy and performance.
- Support clinical leaders and administrators by providing education on revenue cycle best practices and insurance verification procedures.
- Investigate denial trends and develop innovative solutions to reduce occurrences and improve resolution.
- Drive adoption of best practices, process improvements, and technology enhancements to improve performance and compliance.
- Analyze revenue data to identify trends, gaps, and opportunities for improvement.
- Provide regular financial and operational reports to senior leadership, including analysis of actual vs. expected performance metrics.
- Present actionable insights and recommendations to leadership and governance committees.
- Collaborate with IT and system vendors to ensure optimal performance of revenue cycle systems and seamless integration with other platforms.
- Ensure adherence to federal and state billing and coding regulations, including HIPAA, CMS, DOH/OMH, and payer requirements.
- Implement internal policies and controls to minimize revenue cycle risk and maintain compliance.
- Stay current on regulatory changes and guide necessary updates to internal processes.
- Lead, mentor, and support revenue cycle and engagement staff.
- Provide training and career development opportunities to foster team growth and effectiveness.
Qualifications
- Bachelor’s degree in Healthcare Administration, Business Administration, Finance, or related field required; Master’s degree preferred.
- Minimum 5 years of progressive experience in healthcare revenue cycle management.
- Proven success in optimizing revenue cycle operations and reducing denials.
- Expertise in authorization, registration, billing, coding, reimbursement methodologies, and regulatory compliance.
- Deep understanding of insurance plans and payer reimbursement.
- Strong analytical, problem-solving, and financial reporting skills.
- Excellent leadership, communication, and stakeholder engagement abilities.
- Proficiency with revenue cycle software and Microsoft Office tools.
- Deep understanding of professional practice, hospital, and ambulatory operations.
- Strong customer service orientation with a commitment to service excellence.