Revenue Analyst III - Analytics Reporting-Remote

Mayo Clinic•Rochester, MN

3d•Remote

About The Position

This is the third 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. Proactively identifies opportunities and recommends options for enhancing revenue, while preserving Mayo standards and minimizing the financial and legal risks to Mayo. Interprets, implements, and maintains 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. 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 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 advanced revenue and billing analytics to support department and institutional leadership. Actively participates in decision-making related to revenue and billing opportunities. Leads and facilitates multi-disciplinary workgroups or projects. Mentors, coaches, and trains staff.

Requirements

Bachelor’s Degree required in economics, mathematics, business administration, accounting, finance, healthcare business related fields or statistics and 6 years of relevant experience; OR High School degree and 10 years of relevant experience in lieu of Bachelor’s degree.
Highly developed understanding of coding, billing and compliance practices.
Advanced knowledge of large revenue recognition systems and practice billing systems.
Advanced investigational skills, shows attention to detail, accuracy and ability to manage and prioritize multiple tasks.
Ability to work independently.
Possess initiative, analytical skills, and an ability to operate with a high level of productivity.
Demonstrates advanced communication and presentation skills.
Ability to work in a team environment and develop constructive working relationships with others.
Able to lead others through difficult situations.

Nice To Haves

Master's degree in business administration, finance, accounting, or healthcare business related field with 4 years relevant experience preferred.
Coding/Compliance Certification preferred.
Healthcare Financial Management Association (HFMA) Certification Preferred.

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, as well as senior leaders and formal Mayo committees.
Proactively identify opportunities and recommend options for enhancing revenue, while preserving Mayo standards and minimizing financial and legal risks.
Interpret, implement, and maintain billing and compliance rules across the revenue cycle.
Serve as a subject matter expert in multiple revenue or compliance technical areas.
Use reporting tools to understand revenue and compliance risks and opportunities with significant impact to Mayo Clinic and convey these along with impact and recommendations to leadership.
Interpret and implement Mayo and governmental coding and billing rules and guidelines to ensure compliance.
Conduct research and analysis, benchmarking, and audits to ensure reasonableness and accuracy of information along with identifying and implementing best practices and improvements.
Develop, implement, and maintain programs and tools for revenue recognition and billing compliance.
Interpret and implement billing rules, policies, and regulations.
Identify opportunities and recommend options for increasing financial margins.
Provide advanced revenue and billing analytics to support department and institutional leadership.
Actively participate in decision-making related to revenue and billing opportunities.
Lead and facilitate multi-disciplinary workgroups or projects.
Mentor, coach, and train staff.