Job Description
SUMMARY:
A Revenue Cycle Data Analyst is responsible for analyzing and improving revenue cycle processes. A Revenue Cycle Data Analyst plays a crucial role in the financial health of healthcare organizations by managing, monitoring, and analyzing the revenue cycle.
ESSENTIAL FUNCTIONS:
- Analyze incoming and outgoing revenue sources, identifying discrepancies, and ensuring accurate billing and collections.
- Collaborate with finance departments and healthcare providers to optimize revenue cycle processes and implement strategies to increase revenue.
- Create and maintain reports on revenue cycle performance, presenting findings to management, and suggest improvements.
- Create ad hoc reports on request and working closely with leadership to prepare weekly and monthly reports.
- Ensure compliance with federal and state regulations regarding billing practices and financial transactions.
- Work closely with other revenue cycle and financial team members to enhance overall performance.
- Adheres to and supports team members in exhibiting TMCH values of integrity, community, compassion, and dedication.
- Adheres to TMCH organizational and department-specific safety, confidentiality, values, policies, and standards.
- Performs related duties as assigned.
MINIMUM QUALIFICATIONS
EDUCATION: Bachelor’s degree in accounting, finance, economics required.
EXPERIENCE: Three (3) - Five (5) years of relevant experience in healthcare setting.
LICENSURE OR CERTIFICATION: None required.
KNOWLEDGE, SKILLS, AND ABILITIES:
· Ability to interpret financial data and identify trends.
· Exceptional attention to detail for identifying discrepancies in financial reports and patient accounts.
· Basic knowledge of Microsoft Office, including Excel
· Strong attention to detail skills.
· Strong problem-solving skills.