Jobs · Finance · Illinois

Vice President, Revenue Cycle

Springfield Clinic · Springfield, IL · 2 mo ago
On-siteFinanceFull-time

Responsibilities

  • Drive modernization of billing platforms and front-end digital tools.
  • Serve as a key partner to the CFO and executive team in aligning revenue cycle strategy with company-wide financial goals.
  • Support payer contracting strategy and Value-Based Payment (VBP) readiness efforts.
  • Lead and direct the Revenue Cycle Division’s activities through reporting Directors with guidance from the CFO.
  • Establish operational goals, objectives and budgets.
  • Design and oversee an industry-leading revenue cycle operational model that ensures fiscal responsibility and high physician and customer satisfaction, organizational efficiency, and strong financial performance while assuring accurate and complete data collection, streamlined financial clearance functions prior to service and sound cash collections processes.
  • Lead enterprise-wide revenue cycle transformation, workforce optimization, and technology modernization.
  • Maintain oversight of ongoing performance of the revenue cycle through the development, production and distribution of performance metrics.
  • Facilitate performance improvement/process redesign as needed.
  • Oversee all contracted/outsourced services.
  • Build and maintain strong relationships with external vendors to ensure service quality, cost-effectiveness and alignment with revenue cycle goals.
  • Effectively negotiate contracted arrangements and manage performance from all vendors.
  • Communicate regularly and effectively with subordinates and superiors regarding the status and condition of the revenue cycle operations; raise issues/concerns timely and appropriately.

Qualifications

  • Demonstrates positive energy when interacting with internal and external colleagues.
  • Excellent communicator and team builder with the ability to drive alignment and cultural buy-in across clinical, financial and operational teams.
  • Action and results oriented; pro-active.
  • High ethical integrity.
  • Financial acumen.
  • Data driven.
  • Quick study.
  • Strategic and systems thinker.
  • Leadership skills.
  • Confident, decisive and proactive in dealing with peers.
  • Extremely organized, disciplined, hands-on and process-oriented leader who is not afraid of digging into details when necessary.
  • Actively seeks out and supports collaborative thinking and problem solving with others in the organization.
  • Department Specific Job Functions:
  • Record of successfully executing on strategic initiatives.
  • Promised ability to make sound business decisions regarding human resources, budgets and deadlines consistent with the requirements of the business.
  • Demonstrated ability to build successful and impactful teams and make positive team-centered contributions.
  • Adept at learning and understanding organizational culture – adapting to it and influencing it at the same time.
  • Build diverse networks; quick to find common ground.
  • A person of high character; is consistent and acts in line with a clear and visible set of values; communicates with honesty and respect.
  • Maintains an open-door policy and approachability for all levels of staff whether within the revenue cycle division or outside of the division.
  • Excellent communicator and team builder with the ability to drive alignment and cultural buy-in across clinical, financial and operational teams.

Skills

  • Strong leadership and management skills.
  • Ability to lead and motivate a team.
  • Knowledge of healthcare regulations and compliance.
  • Experience with revenue cycle management software and systems.
  • Strong negotiation and contract management skills.
  • Excellent communication and interpersonal skills.
  • Ability to prioritize and manage multiple tasks simultaneously.
  • Strong analytical and problem-solving skills.
  • Ability to work independently and as part of a team.

Benefits

  • Comprehensive health benefits package.
  • Flexible work schedule.
  • Professional development opportunities.
  • Employee recognition programs.
  • Work-life balance initiatives.

Pay

Approximate starting base salary of $250K with bonus incentive opportunity. Actual compensation will be determined based on qualifications, experience, and internal equity.

Similar jobs