Sr. Revenue Analyst- Rev Cycle Analytics Reporting-Remote
About the position This is the fourth in a series of four revenue cycle analyst roles in a multi-site, multi-specialty academic medical center. Works collaboratively in a team environment to support the hospital, surgical and clinical practices as well as Mayo Clinic leadership on revenue cycle issues. Actively communicate and present pertinent information to various audiences, particularly practice and finance leadership. In addition, communication to senior leaders and formal Mayo committees is expected. Initiates and is responsible for identifying opportunities and recommends options for enhancing revenue, while preserving Mayo standards and minimizing the financial and legal risks to Mayo. Interprets, implements, and maintains complex billing and compliance rules across the revenue cycle. Is recognized and relied upon as a subject matter expert in multiple revenue or compliance technical areas who can recognize problems, formulate solutions and implement changes in revenue and compliance areas. Uses reporting tools to understand revenue and compliance risks and opportunities with significant impact to Mayo Clinic and conveys these along with impact and recommendations to leadership. Interprets and implements Mayo and governmental coding and billing rules and guidelines to ensure compliance. Conducts research and analysis, benchmarking, and audits to ensure reasonableness and accuracy of information along with identifying and implementing best practices and improvements. Responsible for the development, implementation and maintenance of complex programs and tools for revenue recognition and billing compliance; the interpretation and implementation of billing rules, policies and regulations; and identifies opportunities and recommends options for increasing financial margins. Provides expert revenue and billing analytics to support department and institutional leadership. Actively participates in decision-making related to revenue and billing opportunities and is responsible for formulating and validating recommendations. Leads and facilitates multi-disciplinary workgroups or projects. Mentors, coaches, and trains staff.
Responsibilities
- Support the hospital, surgical and clinical practices as well as Mayo Clinic leadership on revenue cycle issues.
- Communicate and present pertinent information to various audiences, particularly practice and finance leadership.
- Identify opportunities and recommend options for enhancing revenue while minimizing financial and legal risks.
- Interpret, implement, and maintain complex billing and compliance rules across the revenue cycle.
- Act as a subject matter expert in multiple revenue or compliance technical areas.
- Use reporting tools to understand revenue and compliance risks and opportunities.
- Interpret and implement Mayo and governmental coding and billing rules and guidelines.
- Conduct research and analysis, benchmarking, and audits to ensure accuracy of information.
- Develop, implement and maintain complex programs and tools for revenue recognition and billing compliance.
- Provide expert revenue and billing analytics to support department and institutional leadership.
- Participate in decision-making related to revenue and billing opportunities.
- Lead and facilitate multi-disciplinary workgroups or projects.
- Mentor, coach, and train staff.
Requirements
- Bachelor's Degree in economics, mathematics, business administration, accounting, finance, healthcare business related fields or statistics and 11 years of relevant experience; OR High School diploma and 15 years relevant experience in lieu of Bachelor's degree.
- Master's degree with 9 years' relevant experience preferred.
- Advanced knowledge of Microsoft applications including Word, Excel, Outlook and PowerPoint.
- Advanced understanding of coding, billing and compliance practices.
- Expert knowledge of large revenue recognition systems and practice billing systems.
- Expert investigational skills, attention to detail, accuracy and ability to manage and prioritize multiple tasks.
- Ability to work independently and demonstrate initiative and analytical skills.
- Advanced communication and presentation skills.
- Ability to work and lead in a team environment and develop constructive working relationships.
Nice-to-haves
- Coding/Compliance Certification preferred.
Benefits
- 100% remote work; individual may live anywhere in the US.
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