Chair - Revenue Strategy & Innovation

Mayo Clinic•Rochester, MN

7d•$498,000 - $746,000•Hybrid

About The Position

The Revenue Strategy and Innovation (RSI) Chair reports to the Mayo Clinic Chief Financial Officer and is a member of the Finance Leadership Team. The role requires partnership with all levels of Practice leadership and Mayo Clinic’s Clinical Practice Committees to ensure current and future payment models are aligned with Mayo Clinic’s current and future clinical care models. Site and shield CFO’s, the Chair of Revenue Cycle, Strategy, other finance leaders, the Kern Center for the Science of Health Care Delivery, Government Relations, and Information Technology will also be key partners for this position. The Revenue Strategy and Innovation Chair oversees a team responsible for a portfolio of commercial and government payment revenue exceeding $20 billion on an annual basis, including: actuarial services, performance and analytics, commercial contracting, government and pricing strategy, strategic pricing, payment model innovation, and the chargemaster.

Requirements

Reports to the Mayo Clinic Chief Financial Officer.
Member of the Finance Leadership Team.
Partnership with all levels of Practice leadership and Mayo Clinic’s Clinical Practice Committees.
Partnership with Site and shield CFO’s, the Chair of Revenue Cycle, Strategy, other finance leaders, the Kern Center for the Science of Health Care Delivery, Government Relations, and Information Technology.
Oversees a team responsible for a portfolio of commercial and government payment revenue exceeding $20 billion on an annual basis.
Experience in actuarial services, performance and analytics, commercial contracting, government and pricing strategy, strategic pricing, payment model innovation, and the chargemaster.

Responsibilities

Supports the Chief Financial Officer and other executives in strategy development on core payment and reimbursement models, including the ideation and business planning on innovative payment and delivery models that support Mayo Clinic’s Strategic Operating Plan.
Has primary responsibility for ideation and model development, the financial design, performance and analytics, for negotiating strategies and tactics, and for the day-to-day operations that support new care models.
Uses data and analytics to monitor and identify opportunities and exposures in both government and commercial segments to advance Mayo Clinic’s strategic operating plan and to the extent possible, merging efforts and approaches so that all parties – transactional revenue cycle as well as operating leadership – have access to accurate and real time information.
Leverages the growing set(s) of pricing information available for healthcare providers to best effect for Mayo Clinic in terms of market intelligence and positioning.
Designs and implements, in concert with practice leadership and supported by data and analytics, reimbursement and contract approaches that take advantage of opportunities and mitigate exposures.
Ensures the necessary teams and individuals are engaged in the ideation and development of solutions so any corresponding at processes, workflows, training and change management are communicated.
Ensures the data, analytic and operational capabilities, and skills for the future all exist.
Establishes and achieves performance metric targets and monitors them for on-going enhancement.
Manages commercial contracting in domestic and international markets, direct-to-employer contracting, risk-based program design and analytics, strategic market pricing, and Medicare strategy.
Represents the department and participates in institutional committees and taskforces and is actively engaged with external groups to ensure Mayo is apprised and aware of market disruptors and innovations in payment and delivery models.
Coordinates Mayo resources (projects, people, facilities, money and equipment) in an effective and efficient manner and leads, coaches and mentors a staff of leaders.