Associate Revenue Cycle Management Analyst
About The Position
The Associate Revenue Cycle Management Analyst supports the Revenue Management Department by identifying, quantifying, and executing special projects that uncover opportunities to increase net revenue. The role provides reimbursement analysis through reviews of current practices involving system interfaces, account audits, contractual language, and other systems or departments that may affect the institution’s financial health. The Associate Analyst reports to the Revenue Management Manager. The analyst collects and analyzes data, mines hospital information systems, and prepares reports to identify revenue-generation opportunities, reimbursement trends, process improvements, and charge-capture opportunities. The role collaborates with auditors and department management to understand services and improve reimbursement, while supporting leadership decision-making and providing knowledge transfer to Revenue Management Department staff.
Requirements
- Bachelor’s degree in Economics/Statistics, Finance, Business Management, Healthcare Administration, or a related field, or an equivalent combination of education and experience.
- Three years of related experience in health care administration, finance, or revenue cycle analysis.
- Experience in financial analysis, budgeting, business and process analysis, and working knowledge of third-party reimbursement.
- Comprehensive understanding of audit and reimbursement systems, managed care contracts, rate structures, billing and collection processes and procedures, utilization review, health care information systems, outpatient revenue, home health, and related health care topics.
- Strong analytical and communication skills.
- Knowledge of managed care terminology and ability to interpret hospital bills, explanations of benefits, and medical records.
- Strong computer and systems application skills.
- Experience with MS Access, Excel, and Word.
- Ability to communicate effectively with all levels of the organization.
Nice To Haves
- Knowledge of NYULMC IT systems such as Epic and EPSi.
- Knowledge of the EPIC enterprise system.
Responsibilities
- Maintain and update the monthly workload tracking document.
- Perform other related duties as required.
- Provide knowledge transfer and support to Revenue Management Department staff.
- Collect, track, and analyze data to address key issues, track reimbursement opportunities, improve process efficiency, and support leadership decision-making.
- Identify trends for process-improvement projects with departments to increase net revenue and charge-capture rates and improve efficiency.
- Work with auditors and department management or administration to understand services and identify opportunities for increased reimbursement.
- Use charge-audit trends to identify administrative errors, inaccurate service-code assignments, and discrepancies in interpretations of charging or reimbursement methodologies.
- Mine data from hospital information systems and run requested reports to identify revenue-generation opportunities.
Benefits
- Comprehensive benefits and wellness package.
- Financial security benefits.
- Generous time-off program.
- Employee resource groups for peer support.
- Holistic employee wellness program covering physical, mental, nutritional, sleep, social, financial, and preventive-care well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
