Vice President – Revenue Cycle

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Provide strategic guidance, operational management, and oversight of both ambulatory and acute Revenue Cycle functions.

• Act as the senior leader for Revenue Cycle within a complex healthcare organization.

• Enhance financial performance, operational excellence, and ensure a seamless patient financial experience.

• Oversee comprehensive Revenue Cycle operations and manage Revenue Cycle leaders, staff, and supervisors.

• Define strategy, set performance expectations, and establish operational priorities.

• Collaborate effectively with executive teams, finance, clinical, operational, and technology leaders.

• Formulate and implement long-term Revenue Cycle strategies along with a detailed roadmap.

• Build and nurture a high-performing leadership team within the Revenue Cycle.

• Establish and track key Revenue Cycle metrics, benchmarks, and plans for performance improvement.

• Address complex Revenue Cycle issues and develop sustainable solutions.

• Assess emerging technologies and vendors, managing transformation initiatives.

• Spearhead process redesign, standardization, automation, technology enhancements, and data improvements.

• Plan, implement, and optimize Revenue Cycle systems and applications in collaboration with IT and project leadership.

• Enhance billing, collections, denial prevention, and account resolution processes.

• Develop policies, procedures, workflows, and productivity standards.

• Deliver executive reporting on financial performance, operational KPIs, budgets, compliance, quality metrics, customer service, and productivity.

• Identify risks and implement effective mitigation strategies and corrective action plans.

• Maintain compliance with HIPAA and healthcare billing regulations.

• Set goals, objectives, budgets, and performance expectations.

• Foster leadership development, succession planning, and accountability throughout the Revenue Cycle organization.

⛳️ Requirements

• Proven executive leadership experience in both ambulatory and acute Revenue Cycle operations.

• Experience managing a large, multidisciplinary Revenue Cycle organization.

• Capability to develop and execute long-term Revenue Cycle strategies.

• Skill in aligning Revenue Cycle strategy with overall enterprise priorities.

• Experience collaborating with Finance, IT, Human Resources, clinical leadership, and other key stakeholders.

• Proficient in establishing and monitoring Revenue Cycle metrics, benchmarks, and performance improvement plans.

• Familiarity with analytics, process enhancement, technology, and data management.

• Experience in assessing emerging technologies and vendors, creating business cases and ROI analyses, and recommending investments.

• Knowledge in managing budgets, strategic partnerships, vendors, and significant transformation initiatives.

• Experience with Revenue Cycle systems and applications.

• Understanding of billing, collections, denial prevention, and account resolution processes.

• Knowledge of HIPAA privacy and security regulations along with applicable healthcare billing laws.

• Ability to foster leadership development, succession readiness, and accountability.

• Capacity to ensure adherence to organizational policies, procedures, and standards of conduct.

🏝️ Benefits

• Participation in an annual incentive compensation program.

• Comprehensive medical coverage.

• Dental insurance options.

• Vision care coverage.

• Access to wellness programs.

• Periodic travel may be necessary based on organizational, operational, leadership, or business needs.