Job Description Summary:ModMed is hiring an RCM Performance Analyst who will play a crucial role in optimizing ModMed's revenue cycle operations through data analysis, process improvement, and strategic collaboration. This individual will contribute to maximizing revenue realization and ensuring financial health.
Your Role:- Conduct in-depth data analytics to identify trends, issues, and opportunities within the revenue cycle, encompassing all stages from patient registration to claims resolution.
- Lead and support process improvement initiatives aimed at enhancing efficiency, accuracy, and compliance within RCM.
- Collaborate effectively with cross-functional teams, including billing, coding, and product, to resolve complex revenue cycle problems and implement sustainable solutions.
- Communicate findings, recommendations, and progress clearly and concisely to various stakeholders, both verbally and in written reports.
- Utilize strong analytical thinking to interpret financial data, identify root causes of discrepancies, and propose actionable strategies.
- Proactively identify areas for continuous improvement within RCM processes and propose innovative solutions.
- Take initiative to investigate and resolve revenue cycle challenges, often working independently to drive projects forward.
- Contribute to the development and implementation of revenue cycle strategies that align with organizational goals.
- Track and present outcomes of recommendations and impact on revenue.
- Demonstrate excellent problem resolution skills to address and mitigate revenue cycle roadblocks.
- Work independently on assigned projects and tasks, while also fostering a collaborative environment.
Skills & Requirements: - Bachelor's degree in Finance, Healthcare Administration, Business, or a related field.
- Minimum of 3-5 years of experience in Revenue Cycle Management (RCM) within a healthcare setting.
- Proven experience with data analytics tools and methodologies.
- Demonstrated ability in analytical thinking and problem resolution.
- Excellent communication and collaboration skills, with the ability to convey complex information clearly.
- Strong understanding of continuous improvement principles and experience leading process improvement initiatives.
- Ability to work independently, take initiative, and manage multiple priorities effectively.
- Experience in strategy development related to revenue cycle optimization is highly desirable.
ModMed Benefits Highlight: At ModMed, we believe it's important to offer a competitive benefits package designed to meet the diverse needs of our growing workforce. Eligible Modernizers can enroll in a wide range of benefits:
United States- Comprehensive medical, dental, and vision benefits, including a company Health Savings Account contribution,
- 401(k): ModMed provides a matching contribution each payday of 50% of your contribution deferred on up to 6% of your compensation. After one year of employment with ModMed, 100% of any matching contribution you receive is yours to keep.
- Generous Paid Time Off and Paid Parental Leave programs,
- Company paid Life and Disability benefits, Flexible Spending Account, and Employee Assistance Programs,
- Company-sponsored Business Resource & Special Interest Groups that provide engaged and supportive communities within ModMed,
- Professional development opportunities, including tuition reimbursement programs and unlimited access to LinkedIn Learning,
- Global presence and in-person collaboration opportunities; dog-friendly HQ (US), Hybrid office-based roles and remote availability for some roles,
- Weekly catered breakfast and lunch, treadmill workstations, Zen, and wellness rooms within our BRIC headquarters.
