Senior Consultant, Revenue Cycle
Alvarez & Marsal · West Palm Beach, FL · Yesterday
Hybrid$140k–$160k/yrFull-time
About the Role
As a Senior Consultant, you will work closely with healthcare clients on a range of complex assignments. You will work in a team environment while using your independent judgment and critical thinking skills to gather data, frame situations and provide practical solutions to add value based on client needs.
Responsibilities
- Assessing current performance of healthcare client operations by conducting interviews, observations, document review, data-driven insights, and process mapping.
- Lead financial and operational analyses for healthcare engagements, including advanced financial modeling (e.g., 13‑week cash flow forecasts, pro forma and three‑statement models) and performance assessments.
- Performing data collection & analyses to develop KPI metrics and drive narrative development to support project deliverables and presentation content.
- Effectively synthesizing, drawing conclusions, and creating recommendations from both qualitative and quantitative data sets.
- Designing and implementing leading practice workflows, addressing deficits in quality, and driving operational and financial outcomes across different levels of healthcare organizations.
- Helping to build product and service offering tools and templates.
- Leading various work streams within a project, including managing day-to-day engagement priorities and timelines with guidance from senior leaders.
- Clearly articulating and executing next steps and managing day-to-day engagement priorities.
- Working with senior leaders to develop transition and hand-off plans ensuring that improvements are sustainable.
- Independently develop and manage work plans and workstreams within a project, understanding interdependencies, milestones, and deadlines to ensure on‑time, zero‑defect delivery.
- Build trusted, consultative relationships with clients by developing a deep understanding of their processes, financial position, and operational performance drivers.
- Contribute to business development efforts, including proposal development, pitch materials, and identifying opportunities to expand engagement scope.
- Coaching and mentoring junior staff both formally within a project lifecycle and informally.
Revenue cycle projects may include, but are not limited to: due diligences, performance assessments, enterprise performance improvement, full-scale implementations, and interim management for a broad range of healthcare providers and supporting services companies.
Qualifications
- A minimum of six (6) 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.
- 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 understanding of RCM KPIs and industry best practices.
- Demonstrates deep expertise 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 develop reports, KPI metrics and drive narrative development.
- Advanced Microsoft Excel, PowerPoint, and Word skills are required.
- Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel.
- Has had exposure to effective management of client sponsors at VP / SVP level.
- Solid project management and organizational skills with prior experience independently managing multiple RCM functional areas.
- Ability to coach, supervise, and mentor junior staff.
- Ability to independently use sound judgment and escalate project issues to project managers or engagement leaders.
- Willingness and ability to travel as required.
Preferred Qualifications
- Experience with workflow redesign and system implementation is preferred.
- Experience with Tableau, SQL, SPSS, Power BI, Action O-I benchmarking, MGMA survey data are preferred.
Benefits
- Healthcare plans
- Flexible spending and savings accounts
- Life, AD&D, and disability coverages
- 401(k) retirement savings plan
- Annual discretionary contribution to 401(k) retirement savings plan (eligibility requirements apply)
- 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
Pay
- Salary range: $140,000 - $160,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography
- Discretionary bonus program based on a number of factors, including individual and firm performance