Explore the critical requirements, core duties, primary responsibilities, and key skills that should be included in a comprehensive Revenue Cycle Manager job description.
What does a Revenue Cycle Manager do?
A Revenue Cycle Manager is a person who works in a medical facility and helps the revenue cycle department solve problems. They supervise and manage staff who handle tasks like patient billing, communicating with health insurance companies, collecting payments, posting cash, managing accounts, and analyzing contracts.
Job Description
We are looking for a skilled Revenue Cycle Manager to lead our revenue cycle department. Your main responsibilities will include identifying issues with patient payments, making sure claims and appeals are handled efficiently, and resolving billing problems. This role also requires knowledge of coding medical procedures and diagnoses.
To be successful in this position, you should be able to manage both staff and patient concerns. The ideal candidate will also be dedicated to finding ways to improve the revenue cycle department's performance.
Job Duties and Responsibilities
- Creating a system to ensure accurate billing information is entered into our system.
- Supervising the revenue cycle department in tasks such as managing accounts, communicating with insurance companies, collecting payments, analyzing contracts, and handling billing.
- Providing feedback, performance evaluations, and one-on-one meetings to manage staff performance.
- Reviewing applications for financial assistance.
- Hiring and training new staff members.
- Effectively addressing patient complaints about billing and payments.
- Planning and organizing the department's workflow and staffing.
- Coding medical procedures and diagnoses correctly.
Requirements and Qualifications
- Bachelor's degree in finance, business administration, healthcare administration, or a related field.
- Proficiency in Microsoft Office and medical office software.
- Prior experience in healthcare billing.
- Knowledge of health insurance providers.
- Strong communication and organizational skills.
- Excellent customer service abilities.
- The ability to work in a fast-paced environment.
Alternate Job Titles
- Healthcare Revenue Cycle Management Manager
- Healthcare Revenue Cycle Optimization Manager
- Revenue Cycle Management Manager
- Revenue Cycle Optimization Manager
Revenue Cycle Manager Salary
The earning potential of a Revenue Cycle Manager can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Revenue Cycle Manager in the United States is approximately $109133.