Executive Director Revenue Cycle
Nicklaus Children's Health System · Miami, FL · 1 mo ago
FinanceFull-time
Job Summary
The Executive Director of Revenue Cycle leads the end-to-end revenue cycle across Nicklaus Children's Health System. Provides oversight of front-end, mid-cycle, and back-end revenue functions and is accountable for achieving performance targets. Partners closely with operational leaders, Managed Care, Finance, IT, and external vendors to drive sustainable financial performance, operational efficiency, and a high-quality patient experience aligned with the organization's mission to deliver exceptional pediatric care.
About the Role
Lead and optimize all components of the revenue cycle, including:
- Patient access (scheduling, registration, authorization, financial counseling)
- Case Management, Social Work, Pastoral Services, and Transfer Center
- Health information management (HIM), coding and CDI
- Revenue integrity, Charge Description Master (CDM), charge capture, and billing
- Patient financial services, A/R follow up, Appeals and Underpayments, Cash/Credit Management, and Customer Service
Responsibilities
Ensure seamless coordination across all functions to achieve timely and accurate revenue capture and reimbursement.
- Lead governance and performance management of the organization's outsourced revenue cycle vendor(s), inluding:
- Establishing and enforcing SLAs tied to key KPIs (e.g., net collection rate, AR days, denial rate)
- Conducting regular business and performance scorecard reviews
- Driving continuous improvement and corrective action plans for underperformance
- Partnering on optimization initiatives (automation, AI, workflow redesign)
- Oversee contract performance, escalation management, and alignment of vendor operations with system goals
- Oversee key revenue cycle metrics, including, but not limited to:
- Days in AR
- Denial rates
- Net collection rate, including complex large balance claims
- Bad debt performance
- Excess/Avoidable Days
- Coding accuracy
- Point of Service Collections
- Call Center and Pre-Access Metrics: Speed to Answer, Accuracy, Authorization Days Out, etc.
- Patient Financial Experience
Qualifications
- Minimum Job Requirements: Bachelor's Degree in Business or Healthcare Administration 7-10 years of progressive experience in the healthcare revenue cycleHealthcare industry financial statistical indicators experience
- Knowledge, Skills, And Abilities: Master's degree preferred.HFMA, AAHAM, or similar professional certification preferred.Epic experience preferred.Florida Medicaid experience preferred.Proven ability to lead large-scale operational and transformation initiatives.Deep understanding of end-to-end revenue cycle processes, including, billing, coding, reimbursement, and denial management.Strong leadership and communication skills.Experience in negotiating contracts and resolving vendor/service issues.Demonstrated experience managing outsourced revenue cycle vendors or shared services models.Knowledge of healthcare regulatory requirements and payer dynamics.