PFS/SBO Manager
About The Position
We are seeking an experienced Patient Financial Services (PFS) Shared Business Office (SBO) Manager to lead hospital revenue cycle operations for a growing healthcare organization. This leadership position is responsible for overseeing all aspects of patient financial services, ensuring efficient billing operations, maximizing reimbursement, improving cash collections, and driving operational excellence throughout the revenue cycle. The ideal candidate is a hands-on leader with extensive hospital billing and revenue cycle experience who is passionate about improving financial performance while delivering an exceptional patient financial experience.
Requirements
- Bachelor's degree in Healthcare Administration, Business Administration, Finance, Accounting, or a related field
- Minimum 5 years of progressive experience in Hospital Patient Financial Services or Revenue Cycle Management
- Minimum 3 years of leadership or management experience
- Strong knowledge of hospital billing, insurance claims processing, accounts receivable, collections, denial management, and reimbursement
- Experience working with Medicare, Medicaid, Commercial Insurance, and Managed Care payers
- Strong analytical, organizational, and leadership skills
- Excellent communication and interpersonal skills
Nice To Haves
- Master's degree (MBA, MHA, MHSA)
- HFMA or CRCR certification
- Experience with Epic, Cerner, Meditech, or other hospital information systems
- Lean Six Sigma or process improvement experience
Responsibilities
- Oversee the daily operations of the Patient Financial Services department, ensuring efficient management of billing, accounts receivable, collections, denial management, payment posting, and patient account resolution.
- Partner closely with Finance, Patient Access, Health Information Management (HIM), Coding, Clinical Operations, Compliance, and Executive Leadership to optimize revenue cycle performance and achieve key financial objectives.
- Lead all Patient Financial Services and Shared Business Office operations.
- Manage billing, collections, insurance follow-up, payment posting, and patient account resolution teams.
- Monitor and improve revenue cycle KPIs including AR Days, Cash Collections, Denial Rates, Clean Claim Rates, and Bad Debt.
- Develop and implement strategies to reduce denials and improve reimbursement.
- Analyze revenue cycle performance and identify opportunities for operational improvements.
- Ensure compliance with Medicare, Medicaid, Commercial Insurance, HIPAA, and CMS regulations.
- Manage department budgets, staffing, productivity, and performance metrics.
- Lead, mentor, and develop high-performing revenue cycle teams.
- Collaborate with Registration, Coding, HIM, Finance, and Clinical departments to improve financial outcomes.
- Prepare executive reports, dashboards, and operational analyses.
- Drive process improvement initiatives focused on automation, efficiency, and patient satisfaction.
- Manage vendor relationships, outsourced collections, and revenue cycle technology solutions.
Benefits
- Competitive salary and comprehensive benefits
- Opportunity to lead a critical healthcare revenue cycle function
- Collaborative leadership environment
- Career advancement opportunities
- Meaningful impact on patient financial services and organizational performance
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What This Job Offers
Job Type
Full-time
Career Level
Manager
