Revenue Cycle Analyst

Job Description

Freed Maxick has recently been named one of Accounting Today's 2024 Best Accounting Firms to Work For, a testament to the outstanding culture and collaborative environment that our employees have helped to create. This prestigious recognition, driven by our team's feedback, showcases our commitment to fostering a supportive and innovative workplace where our professionals can thrive.

At Freed Maxick, we take pride in building a firm that not only celebrates our past successes but also looks forward to continued growth and excellence. When you join us, you’re not just taking a job—you’re becoming part of a team recognized for creating one of the best work environments in the industry.

We are excited to offer full-time remote or hybrid opportunities for highly skilled Revenue Cycle Analysts within the Revenue Cycle Services team of Freed Maxick’s thriving Healthcare Consulting Practice. The Revenue Cycle Services team works closely with the executive and senior leadership of healthcare providers including large integrated delivery systems, community hospitals, physician practices, long-term care facilities, hospice / palliative care agencies, human service agencies, and other specialty providers to effect positive financial transformation. Given the challenging economic landscape in the healthcare industry, our clients are continuously seeking opportunities to improve their financial position to ensure long term sustainability relative to the services they provide to their communities.

Freed Maxick’s Healthcare Consulting Practice has over 30 team members dedicated to providing services and solutions to clients with a primary focus on the following lines of service: Financial Transformation, Revenue Cycle, Reimbursement, Financial Consulting and Business Intelligence.

The ideal Revenue Cycle Analyst candidate will have a strong understanding of key performance indicators (KPIs) and metrics with experience analyzing processes and data that influence these metrics. Experience in revenue cycle operations, such as patient access, billing, A/R, or denials management is required.

Direct experience working within a provider setting is highly preferred for this position.

This position requires high degree of collaboration and engagement with internal Healthcare Consulting Practice team members and client stakeholders.

About The Position

The Revenue Cycle Analyst will be responsible for supporting client engagements primarily in the Revenue Cycle team but may also work with one or more service areas within our Healthcare Consulting Practice. Our Revenue Cycle Analysts are exposed to a wide variety of engagements and are provided tremendous opportunities to learn and advance.

Key Responsibilities:

Manipulate and analyze large data sets while collaborating with subject matter experts to interpret analysis to identify observations and provide recommendations. Example datasets include patient encounter data, procedure level data, billing statements / transactions, accounts receivable data, claim / denial data, etc.

Identify and implement strategies to effectively validate data inputs and analysis results to ensure integrity,

Prepare report deliverables to summarize data analysis findings in a format to drive decision-making. This may include creating accounts receivable aging reports, discharged not final billed reports, denial management reports, as well as determining the best format to present data that does not fit into a traditional format,

Engage with stakeholders at all levels, including senior executives, to understand objectives and the analytical support required to achieve these objectives,

Work with front-line staff of clientele to understand current revenue cycle processes and identify opportunities for improvement,

Assesses current state processes while making recommendations for enhancements including redesigning and documenting supporting workflows and processes,

Working with subject matter experts, develop and assist in the implementation of detailed project work plans to execute against initiatives identified from data driven analysis,

Develop data models and tools to support on-going performance monitoring of implemented initiatives,

Participate in the development and delivery or presentations to client stakeholders

Identify and escalate project issues and risks to engagement leaders regarding scope, schedule, budget, and deliverables.

What We Are Looking For

Bachelor's Degree in Business Administration, Finance, Accounting, Health Informatics or related field

Master’s in Business Administration or Masters in Healthcare Administration preferred but not required

2 – 10 years of professional experience in revenue cycle analysis within a healthcare provider setting (hospital, nursing home, physician practice, behavioral health, etc.) or in a consulting role

Strong project management fundamentals

Ability to work with large data sets

Intermediate to advanced Excel skills required (pivot tables, look ups, etc.)

Proficient with MS Office Suite

Excellent communication and listening skills

Analytical and problem-solving skills to perform root cause analysis and resolve complex business issues

Ability to work in a fast-paced, dynamic, and constantly changing environment

Ability to stay up to date with industry trends, market challenges and emerging technologies that could impact the organization’s performance.

Ability to travel to client locations based on needs and work effectively in a virtual/remote setting

Relevant certifications a plus (CPC, CRCR, CCS, RHIA, CAPM, PMP, etc.)

What Freed Maxick Offers

Hybrid work environment and unique sociable culture

An attractive and competitive compensation and benefit package

Annual performance bonuses and competitive compensation adjustments tied to performance

An incentive program for new business, and referral bonuses for introducing potential new employees

Career growth including promotion and advancement opportunities

The ability to design your own career path, with the input from your designated Performance Advisor and our Manager of Learning and Development

A friendly, supportive and team-based work environment with the largest firm in WNY based on number of CPAs

Ongoing education and learning opportunities to keep your technical skills sharp and your soft skills top-notch

Flexible scheduling opportunities including MAX Flex and Flexible Work Week Programs

Compensated time to volunteer in the community

The compensation for this role varies based on experience and falls within the range of $70,000 to $90,000. These salary ranges are for applicants based in Western New York. Consideration will be given to applicants outside of our geographic area with appropriate ranges provided, based on location.

Visit Freed Maxick to learn more about us.

EOE

#LI-JK1

Full-time

Hybrid remote