Senior Manager, Revenue cycle Management

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You'll also have access to:

Career development with an international company where you can grow the career you dream of.

Free medical coverage for employees via the Health Investment Plan (HIP) PPO

An excellent retirement savings plan with high employer contribution.

Tuition reimbursement, the Freedom 2 Save (https://www.abbott.com/corpnewsroom/strategy-and-strength/tackling-student-debt-for-our-employees.html)

student debt program and FreeU (https://www.abbott.com/corpnewsroom/strategy-and-strength/college-degree-for-free-its-possible-with-freeu.html)

education benefit- an affordable and convenient path to getting a bachelor's degree.

A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.

A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out of our Orlando Florida, or Livermore CA location in the heart failure division. As the Sr. Manager, Revenue cycle Management you will oversee the planning, organization, and coordination of daily revenue cycle operations to ensure effective processes for Billing, claims processing, revenue collections and overall payment functions including cash posting for all Insurances and patients. Execute Revenue Cycle strategies in alignment with the business objectives. Improve days sales outstanding and collection percentage to meet the cashflow target. Ensure compliance to collection policies within Revenue cycle areas including full responsibility for acquired entities, overseas team management and third party collection agencies.

What

You'll

Work On

Oversee the planning, organization, direction, implementation, of all claims management processes and controls to ensure the accuracy and timeliness of claim submissions, collections effort and payment distribution in compliance with contractual, state and federal regulations

Stay updated on insurance industry regulations, policies, and coding standards, ensuring compliance, and implementing necessary changes

Ensures efficient accounts receivable management. Use routine monitoring reports such as claim submission rates, denial rates, reimbursement trends to oversee the revenue cycle operational functions.

Identify and address areas of improvement to maximize reimbursement and minimize billing errors. Collaborate with insurance companies, B2B clients and third-party payers to address claims inquiries, appeals, and payment discrepancies.

Monitors work queues responsible for and develops remediation plans for any backlogs that could occur operationally

Supervise patient billing and collections staff on a daily basis, including hiring, monitoring productivity standards and departmental training

Formulate appropriate professional targets for each of the team members. Ensure collection goals for the department are met.

Attend, participate and lead at required meetings and work groups.

Foster positive working relationships with internal and external stakeholders, promoting effective communication and collaboration

Provide leadership. Serve as role model and share resources.

Actively participate in department projects and improvement initiatives

Interface with upper management including Director, VP and DVP in Operations, Sales, Marketing, Finance and R&D.

Provide key financial input on decisions that will drive the strategic/tactical direction of the business unit.

Evaluate existing team performance and propose target /organization change to upgrade the talents.

Manage 30+ collection team, including training, mentoring, goal setting and performance review.

Any other projects / initiatives assigned in connection with Revenue Cycle management

Required

Qualifications

Bachelors Degree Preferably in Business /Engineering, Revenue Cycle management;

CRCR certified preferred

Experience in handling a team of 50+ billers /$500M+ in Account receivables

Experience in CMS billing, Account Receivable management is preferred

Experience in multiple EMR/EHR work queue management within RCM

Adaptable, open to change and able to work in ambiguous situations and respond to new information and unexpected circumstances.

Strong billing requirements knowledge with detailed understanding of how to strategize

account receivables and optimize operations

Experience working with Third Party Collection agencies

Self-motivated and strong leadership to challenge status quo

Strong Customer Focus and ability to get results.

Demonstrated process improvement skills.

Ability to make business decisions under uncertainty

Demonstrated ability to influence stake holders, effectively work and communicate in matrix global organization (Finance, Sales, Marketing, Warehouse, customer service, etc.)

Preferred

Qualifications

CRCR from HFMA or Other Revenue Cycle management related

Apply Now (https://www.jobs.abbott/us/en)

Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our

health and wellness

benefits

, which provide the security to help you and your family

live

full lives

:

www.abbottbenefits.com (http://www.abbottbenefits.com/pages/candidate.aspx)

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at

www.abbott.com , on Facebook at

www.facebook.com/Abbott

and on Twitter @AbbottNews.

The base pay for this position is $146,700.00 - $293,300.00. In specific locations, the pay range may vary from the range posted.

An Equal Opportunity Employer

Abbot welcomes and encourages diversity in our workforce.

We provide reasonable accommodation to qualified individuals with disabilities.

To request accommodation, please call 224-667-4913 or email corpjat@abbott.com