Senior Revenue Analytics Associate-Patient Financial Services-Corporate 42nd Street-Full-Time Days (Hybrid)

Mount Sinai Health System•New York, NY

1d•Hybrid

About The Position

The Senior Revenue Analytics Associate for the Mount Sinai Health System (MSHS) and the Icahn School of Medicine at Mount Sinai (ISMMS) (which includes the MSHS and the Faculty Practice Plan) is responsible for optimizing financial performance using strategic data and analytics. This position plays a key role in developing and implementing strategies to improve revenue cycle processes, analyze data for trends and improvement opportunities, and ensure accuracy, compliance, and efficiency throughout the revenue cycle. The Senior Revenue Analytics Associate will report to the Senior Director of Revenue Analysis and Reporting of the MSHS. This role is responsible for the coordination of all revenue and charge activities for departments or divisions in collaboration with the Senior Director Revenue Analysis & Revenue Integrity team. Areas of focus includes revenue and charge capture, financial reporting, revenue cycle and charge optimization. The position will support the following functions across the MSHS, monthly revenue and charge analysis, projections and forecasting, revenue compliance, charge capture and reconciliation strategy in collaboration of other team members.

Requirements

Bachelor?s degree in finance or Business-related field
6 years of progressively responsible experience in healthcare analytics, finance or accounting that includes experiences in, financial forecasting, financial modeling, planning, organizing and managing multiple financial activities.
Extensive demonstrated success in a finance department in a large not-for-profit/academic health system facility or corporate environment.
Excellent interpersonal skills, experience with making presentations to, and dealing with senior management and other C-suite leaders.
Financial management skills, including the ability to analyze financial data for operations, budgeting, auditing, forecasting, accounting, AR and reserve analysis, market analysis, staffing, and financial reporting.
Strong leadership skills to motivate cross-departmental teams? performance towards excellence using team concepts and consensus-building management styles.
Advanced/ effective interpersonal, written/ verbal communication, and presentation skills, along with the ability to communicate complex finance concepts to others without a finance background.
Demonstrated ability to engage in positive, powerful persuasion with individuals or groups with diverse opinions and/ or agendas, leading to outcomes that meet identified goals.
Ability to analyze and resolve complex problems necessary to develop and administer multifaceted revenue processes, regardless of whether issues originate in an area under direct or indirect control.
Ability to enlist cooperation and build teams committed to carrying out initiatives in environments that may be resistant to change and not under the incumbent?s direct authority.
Ability to translate key performance indicator levels into a finance-based business case, then design, implement, and manage more effective/ efficient processes.
The ability to maintain a high level of positive energy/ creativity during periods of elevated work demands.
Ability to prioritize multiple objectives in a rapidly changing environment and deliver quality outcomes.
Ability to develop and maintain effective relationships at all levels throughout the organization.
Strong Leadership skills.

Responsibilities

Provides data to senior revenue cycle leadership to assist with developing the overall revenue strategy is focused enterprise-wide to maximize revenue performance.
Leads the effort to secure accurate and timely charge capture.
Organizes routine meetings with health system business leaders and managed care to review charge and revenue capture and performance.
Builds effective, collaborative relationships with key stakeholders across departments (e.g., DTP, Human Performance, Managed Care, Finance, and clinical departments)
Collaborates with finance, managed care and DTP contributors to develop and operationalize optimal revenue capture, performance and trending.
Advises on charging strategy and charging standardization.
Provides leadership and supports governance processes to result in effective, efficient, standardized, and compliant practices across the MSHS.
Investigates and resolves revenue shortfalls and coordinates efforts to assist senior revenue cycle leaders with development of innovative strategies and solutions.
Works closely with clinical leaders and supply chain to evaluate revenue impact and charging for new technology, creates ROI analyses, and provides recommendations.
Establishes and maintains strong working relationships with Revenue Cycle leaders, key stakeholders, and fosters a strong working relationship with key strategic partners.
Maintains strong understanding of revenue performance metrics and payer mix and leads team in building plans to support operational departments to achieve best practice performance through strong analytical capabilities, process improvement identification, and technology enhancements.
Improves charging and revenue operations through technology and process improvement.
Effectively collaborates with finance on month end revenue performance, identifying trends and opportunities for optimization.
Collaborates with business owner and finance on business plans projected revenue performance and develops a revenue look back process.
Maintains strong customer relationships with key strategic partners.
Ensures appropriate functional strategic partners are engaged throughout the process.
Monitors and provides regular reporting to senior management on key performance metrics (e.g., actual versus expected results for financial targets)
Brings developing issues and recommended actions to the attention of senior leadership and governance committees.
Develops, maintains, and ensures compliance with standardized policies, processes, and programs throughout the MSHS.
Develops a high-performing team as measured through the achievement of benchmark process outcomes, audit and compliance results, financial goals, and employee satisfaction.
Stays current with government regulations regarding billing and charging requirements.
Establish goals, objectives, and budgets for assigned areas, and monitors/manages to ensure achievement once approved.
Ensures all HIPAA privacy and security standards are adhered to.
Conforms to the established policies/ procedures/ processes/ Standards of Behavior and ensures assigned staff do so as well.