Position Summary
The Managing Consultant position is a mid-to-senior level consulting staff position. This position requires a highly motivated problem solver with strong analytical ability and a desire to advance within the organization. An individual with an entrepreneurial spirit and an ability to apply creative solutions is a natural fit for this position.
The work of a Managing Consultant will involve both execution and oversight of engagement work streams that may be either qualitative or quantitative in nature, and responsibilities include management of junior staff, design of statistical and financial analysis, modeling of financial data and markets, quality control, development and presentation of client deliverables, management of existing client relationships, industry research, and business development and practice growth.
Travel Requirements
Willing to travel consistently (50%-80%), depending on project requirements and client expectations, is required for this position.
Responsibilities
- Plan and manage all aspects of small to medium sized client engagements and discrete segments of larger projects. Responsible for leading initiatives that span the Revenue Cycle continuum including Patient Access, HIM/Coding, Charge Capture, Revenue Integrity, Denials/Underpayments Management and Recovery, Patient Financial Services.
- Accountable for achieving operational and financial performance improvements for each engagement, including but not limited to reducing Discharged Not Final Billed (DNFB) and A/R days, driving cash acceleration activity, increasing insurance verification rates, increasing Medicaid eligibility conversions, increasing timely claim submissions, preventing denials and collections inefficiencies, managing vendor relationships, and decreasing bad debt.
- Lead current-state assessments, opportunity quantification analyses, and development of actionable recommendations to improve revenue cycle performance.
- Responsible for creating project charters, workplans, realization schedules, benefit tracking tools, client deliverables/work products, and transition planning documents.
- Delegate assignments to staff, instruct and monitor progress, and review work products for completeness and accuracy.
- Develop analyses and financial models using transactional data and/or financial data.
- Develop and maintain benefit realization models and monitor project performance against established operational and financial targets.
- Generate client deliverables and make valuable contributions to practice articles and whitepapers.
- Manage client relationships with senior-level client leadership and communicate results and work products to executive stakeholders.
- Demonstrate creativity and efficient use of relevant software tools, analytical methods and computer models to develop solutions.
- Participate in group practice meetings, contribute to business development initiatives and office functions such as staff training and recruiting.
- Adhere to project budget and hours by prioritizing assignments and responsibilities in order to meet goals and deadlines.
Qualifications
- 6 - 8+ years of healthcare industry or consulting experience in Revenue Cycle operations, including performance improvement and process re-engineering, revenue management and redesign, and reimbursement and recovery strategies. Previous consulting experience is highly preferred.
- Bachelor's or Master's degree (e.g., BS, BBA, MBA, MHA, M.A., M.S., etc.) with a preferred focus in Management, Accounting, Finance, Healthcare Administration, Business Administration, or related discipline.
- Applicable industry certification is preferred (e.g., CRCR, CHFP, CHAM, CRCE-I, CRCE-P, etc.).
- Extensive operational expertise in any of the following Revenue Cycle functions: Patient Access, HIM/Coding, Charge Capture, Revenue Integrity, Denials/Underpayments Management and Recovery, Patient Financial Services.
- Strong project management experience and proven success contributing to assessments and project implementations
- Experience leveraging revenue cycle technologies, automation tools, AI-enabled workflows, and analytics platforms to drive operational and financial performance improvements.
- Ability to draft work plans, project budgets, timelines, and deliverables
- Excellent interpersonal skills with the ability to effectively manage team and client relationships
- Strong written, verbal, and presentation communication skills. Ability to present findings and recommendations to Vice Presidents, CFOs, Revenue Cycle Executives, and other senior healthcare leaders. Ability to succeed in a high-performance and rapid team environment where client expectations are consistently met or exceeded
- Demonstrated ability to lead project teams, mentor junior consultants, and manage multiple concurrent workstreams. Strong proficiency in Microsoft Office applications, including Word, PowerPoint, Excel, Access, and Outlook
- Familiarity with Epic, Cerner, Allscripts, MEDITECH, Athena/IDX desired
Managing Consultant Salary Range: $120,000 - $165,000 per year.
Job title and compensation to be determined based on qualifications and experience.
Candidate must be able to submit verification of his/her legal right to work in the U.S., without company sponsorship.
