Revenue Cycle Analyst II

Envision Radiology • Colorado Springs, CO

379d • $64,050 - $80,050 • Hybrid

About The Position

The Revenue Cycle Analyst II at Envision Radiology is responsible for optimizing the organization's financial performance by analyzing and improving revenue cycle processes. This role focuses on enhancing billing efficiency, maximizing reimbursements, and ensuring compliance with healthcare regulations. The position can be performed on-site or remotely in approved states, with a standard work schedule from Monday to Friday, 8:00 AM to 5:00 PM.

Requirements

• 4+ years of experience in a senior healthcare revenue cycle management or a similar role
• Strong analytical skills with proficiency in data analysis, statistical modeling, and financial forecasting
• In-depth knowledge of medical billing, coding, and reimbursement processes
• Excellent understanding of healthcare regulations, including HIPAA, Medicare, and Medicaid requirements

Nice To Haves

• Experience with Lean Six Sigma or other process improvement methodologies
• Knowledge of ICD-10 and CPT coding systems
• Experience in a hospital or large healthcare system setting
• Experience with growth-minded organizations
• Proficient in Tableau or MS Power BI

Responsibilities

• Conducts in-depth analysis of revenue cycle data to identify trends, patterns, and areas for improvement
• Develops and maintains comprehensive dashboards and reports to track key performance indicators (KPIs)
• Prepares and presents regular financial reports to senior management, highlighting revenue cycle performance and recommending actionable insights
• Identifies inefficiencies in the revenue cycle and develops strategies to streamline processes
• Sets and monitors key revenue cycle metrics, including days in A/R, collection rates, and bad debt percentages
• Works closely with billing and coding teams to resolve complex denial issues
• Benchmarks performance against industry standards and identifies opportunities for improvement
• Collaborates with cross-functional teams to implement best practices in billing, coding, and collections
• Analyzes claim denials to identify root causes and develops strategies to prevent future occurrences
• Implements denial prevention strategies and monitors their effectiveness
• Collaborates with IT teams to enhance system functionality and reporting capabilities
• Performs other duties as assigned.

Benefits

• Medical/Dental/Vision/Life Insurance
• Company Matched 401k Plan
• Employee Stock Ownership Plan
• Paid Time Off + Paid Holidays
• Employee Assistance Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Ambulatory Health Care Services
• Education Level: Bachelor's degree