Revenue Accounting Director jobs in Maryland
Revenue Accounting Director is responsible for the development and direction of revenue cycle management operations for the organization that optimize the patient financial interaction along the care continuum. Develops strategies to optimize operations and to ensure sufficient cash flow. Being a Revenue Accounting Director establishes targets, policies, and internal controls that will drive improvements and efficiencies in overall service revenue capture and collection. Ensures compliance with regulatory requirements and responsiveness to changes in requirements. Additionally, Revenue Accounting Director coordinates with stakeholders across the organization to drive optimal financial performance. Requires a bachelor's degree. May require Certified Public Accountant (CPA). Typically reports to the cfo or top management. The Revenue Accounting Director manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Revenue Accounting Director typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Recently Added Revenue Accounting Director jobs
DIRECTOR - REVENUE CYCLE (RCM), LBH PARTNERS
- REVENUE CYCLE (RCM), LBH PARTNERS in Owings Mills, MD - LifeBridge Health
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Owings Mills, MD
FULL_TIME
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Summary
POSITION SUMMARY:Reporting to the Chief Operating Officer of PDI, the Director of Revenue Cycle Management (RCM) will provide integrated oversight and management of revenue cycle activities for assigned LifeBridge Health Partners (Partners) companies to achieve Service Level Agreements (SLAs). The Director is responsible in accordance with SLAs to establish, monitor and manage all functional areas of the intake, billing, and collection operations to support optimized billing and cash flow. The Director assists with overall business planning, strategy, budgeting, trend analysis, evaluation, and performance of the Partner’s revenue cycle outcomes to achieve KPI’s and SLA expectations. Consults, coordinates, and serves as a liaison with Partner Companies and LBH Revenue Cycle leadership to achieve all applicable goals.Essential Functions:Intake, Billing, AR Management: Directs the Intake, Billing, Collections and AR functions. Directs and manages teams responsible for these functions. Provides strategic leadership for assigned revenue cycle functions and resources to support effective operations. Establishes and implements intake, billing and collection processes to support achievement of SLEs and SLAs and efficient management of the revenue cycle processes affecting both unbilled and billed accounts receivable. Establishes and achieves KPI performance expectations, assesses variances, identifies, develops, and tracks corrective actions and reports outcomes for revenue cycle operations. Where work is done collaboratively with Partners leadership, actively participates in and facilitates the team planning to achieve SLAs, SLEs and KPIs results. Implements procedures to support the timely and accurate completion of intake, submission of claims to payers and timely and effective claims follow up according to SLEs, keeping in compliance with work standards for turnaround time staying within timely filing deadlines to avoid past-time filing denials and writeoffs. Implements procedures and processes for effective patient collections activities. Escalates issues, using data-informed approaches for informed decision-making to leadership regarding any barriers to SLA and SLE performance. Focus areas include: Payor contracting, EDI enrollment, insurance verification and benefit coverage, claim submission, claims follow up with emphasis on timely remittance receipt and posting of payment, denials with focus on avoidance, deposits, cash application issues, and any other issues affecting accounts receivable management. Establishes and monitors a program for adjustments, write-offs and refunds. Periodically and regularly reviews key transactions and specifically reviews and approves appropriateness of large balance transactions. • Mentors and coaches staff to optimize compliance with and achievement of LBH SPIRIT values and operations performance goals. Appropriately involves LBH HR resources to support achievement.Operations Oversight: Provides operations oversight, technical support and guidance to Partners accounts based on SLA tier. Uses data -informed approaches to support smarter, more effective leadership decisions and achievement of best practice business outcomes. Provides direct or indirect services based on SLA Tier Agreements. Provides directly and/or advises on appropriate level of revenue cycle staffing needed to process referrals, claims and account inventories timely and accurately to maximize collections and achieve performance goals. Assesses and makes recommendations for labor needed for both current and outstanding work, distinguishing between temporary labor needs to resolve a surge of outstanding work and permanent work volume requirements. Assesses staffing is aligned with work volumes, identifies variances and recommends corrective actions. Identifies and measures vendor performance efficiency, KPI achievement and contract compliance. Develops and maintains collaborative effective informed communication and relationships with vendor contacts. Directs day-to-day operations and activities within assigned scope to achieve goals. Creates and maintains a tracking list of issues, actions, and problem-solving statuses. Monitors staff quality and productivity to ensure acceptable performance standards are maintained. Reviews results with associates preferably weekly and at least monthly. Mentors and coaches staff to optimize performance. Proactively maintains positive employee relations. Meets with the IS or technical teams of contracted vendors on a regular basis to discuss work requests, resolve issues, system changes and available features. Serves as a liaison between Partner, external vendors, and LBH leadership.Fiscal Management: Monitors Partner Revenue Cycle performance and the RCM impact on Partner financial performance goals. Plans and coordinates intake, billing, and collection activities to ensure positive financial outcomes. Meets or exceeds KPI and budget expectations for assigned SLAs to support Financial Statement and Operating Cash Flow Margin performance. Indirectly influences outcomes when working in an SLA advisory capacity. Assesses and make recommendations for expenditures needed to achieve performance outcomes. Develops, implements monitors and complies with internal controls over accounts receivables and cash receipt functions. Stays abreast of local, state and federal payor and governmental regulations and monitors compliance. Ensures adherence to LBH corporate human resources, compliance and revenue cycle billing and collection policies and procedures. Acts as advisory or primary resource for Partner issues or concerns regarding PDI managed functions. Develops corrective actions and implements action plans to address financial and compliance concerns. Manages budget to ensure financial goals are met. Assists with budget preparation and monthly reporting of financial outcomes and KPIs. Prepares and distributes reports according to designated schedule. Meets with key stakeholders to review performance. Communicates with key stakeholders as often as needed.Reporting & Analysis: Provides access to cohesive, consistent, high-quality data and analysis. Assesses availability and facilitates access to data, analysis, qualitative and narrative reports and dashboards concerning the activities and outcomes of revenue cycle functions, including both internally managed programs and external vendor performance. Ensures all activities are monitored and KPIs are reported on a regular basis. Convenes the appropriate stakeholders to intervene and decide on actions when indicators are not trending favorably.Customer Service Models the behavior for customer service and takes initiative to ensure customer expectations are exceeded whenever possible. Seeks feedback about performance and services via regular meetings with key stakeholders. Extremely approachable, responsive, and able to communicate effectively with all levels of staff within LifeBridge Health and external partners. Regularly visits the LBH Partners, spends time on site or virtually with remote staff and seeks feedback regarding performance, needs and employee satisfaction.QUALIFICATIONS AND REQUIREMENTS:- Seasoned professional knowledge; equivalent to a Master's degree; knowledge in more than one discipline.
- Master's degree in business, accounting, finance, or healthcare administration.
- 5-7 years of relevant experience.
- Experience with DME billing preferred.
Additional Information
As one of the largest health care providers in Maryland, with 13,000 team members, we strive to CARE BRAVELY for over 1 million patients annually. LifeBridge Health includes Sinai Hospital of Baltimore, Northwest Hospital, Carroll Hospital, Levindale Hebrew Geriatric Center and Hospital and Grace Medical Center, as well as our Community Physician Enterprise, Center for Hope, Practice Dynamics, and business partners: LifeBridge Health & Fitness, ExpressCare and HomeCare of Maryland.
Practice Dynamics, Inc., or PDI, was established in 1996 as the medical billing company for LifeBridge Health. PDI provides comprehensive professional billing services for hundreds of physicians and non-physician practitioners rendering services at Sinai Hospital, Northwest Hospital, Levindale Hebrew Geriatric Center & Hospital, Grace Medical Center and Carroll Hospital. PDI excels in both primary care and multi-specialty billing.
- 16 Days Ago
Director of Revenue Growth Management
- Danone
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MD, MD
FULL_TIME
- Short Intro and About the Job Position Summary: The RGM Director is responsible for the development, implementation, and execution of total pricing strategy to maximize profitable and sustainable topl...
- 4 Days Ago
Director of Revenue Growth Management
- Danone North America
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Rockville, MD
FULL_TIME
- Position Summary: The RGM Director is responsible for the development, implementation, and execution of total pricing strategy to maximize profitable and sustainable topline growth. The role has first...
- 4 Days Ago
Director of Revenue Cycle
- Healthcare For the Homeless Inc
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Baltimore, MD
FULL_TIME
- OverviewThe Director of Revenue Cycle is responsible for overseeing and coordinating all revenue cycle activities with a goal of maximizing reimbursement in a cost-effective manner that is in complian...
- 23 Days Ago
Director of Revenue Cycle Operations
- MNR Industries LLC
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Bel Air, MD
FULL_TIME
- This key leadership position will be responsible for overseeing all revenue cycle activities including submission of claims and filing procedures as well as ensuring billing operations are performed i...
- 23 Days Ago
Director of Revenue Recognition
- Capital Search Group
-
Bethesda, MD
FULL_TIME
- Categories Contracts, Reporting Job ID avb Location Bethesda, MD Salary $160,000 – $200,000 bonus A CPA is preferred for this opportunity. Our SaaS client located in Bethesda, MD (remote) is seeking a...
- 1 Month Ago
Revenue Accounting Director jobs at Popular Companies
Accounting Director
- InvestCloud
-
Warren, NJ
- About the Role This role requires a deep understanding of GAAP, journal entries, financial processes, ERP systems, and p...
- 4/25/2024 12:00:00 AM
Account Director, Federal Accounts
- Fiscalnote
-
Washington, DC
- About the PositionFiscalNotes Public Sector team is looking to bring on an Account Director to join its office in Washin...
- 4/23/2024 12:00:00 AM
Account Director
- Shift Digital
-
Laguna Beach, CA
- Account Director The Account Director position is a dedicated lead account role that will support one of Shift Digitals ...
- 4/23/2024 12:00:00 AM
Account Director
- Syneos Health
-
Charlotte, NC
- Updated: April 5, 2024Location: Charlotte, NC, United StatesJob ID: 3658DescriptionAddison Whitney is a global branding ...
- 4/23/2024 12:00:00 AM
Director of Accounting
- CAPITAL CFO+ LLC
-
Albany, NY
- Job Description Job Description Capital CFO+ a woman-owned business, providing outsourced business management solutions ...
- 4/23/2024 12:00:00 AM
Account Director
- Shift Digital
-
Laguna Beach, CA
- Account Director The Account Director position is a dedicated lead account role that will support one of Shift Digital’s...
- 4/21/2024 12:00:00 AM
Accounting Director
- Artemis Professionals, LLC
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Los Angeles, CA
- Job Description Job Description We are a looking for a dynamic leader for our accounting department who will steward the...
- 4/21/2024 12:00:00 AM
Account Director
- IWCO Direct LLC
-
Chanhassen, MN
- Job Description Job Description At IWCO, we spend our days in the relentless pursuit of better ideas, better creativity ...
- 4/21/2024 12:00:00 AM
About Maryland
Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east. The state's largest city is Baltimore, and its capital is Annapolis. Among its occasional nicknames are Old Line State, the Free State, and the Chesapeake Bay State. It is named after the English queen Henrietta Maria, known in England as Queen Mary.
Sixteen of Maryland's twenty-three counties border the tidal waters of the Chesapeake Bay estuary and...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Revenue Accounting Director jobs
$257,335 to $405,227
Most Popular Cities in Maryland for Revenue Accounting Director Jobs
What does a Revenue Accounting Director do?
Revenue Accounting Director in Pierre, SD
The Revenue Manager reports to the Director of Revenue and helps drive process improvement projects as GitLab continues to grow.
January 05, 2020
Revenue Accounting Director in Lubbock, TX
Correspondingly, your role as a revenue accountant may vary considerably depending on the nature of the business.
November 28, 2019
Revenue Accounting Director in New Brunswick, NJ
PAR is looking for an experienced accounting manager with strong experience in revenue recognition.
December 24, 2019