Director Patient Financial Services Billing

Primary City/State:

Arizona, Arizona

Department Name:

Acute Billing & Follow Up-Corp

Work Shift:

Day

Job Category:

Revenue Cycle

Help change health care; help change the world. We want to change the lives of those in our care – and the people who choose to take on this challenge. If you’re ready to change lives, we want to hear from you.

Banner Health was recognized on Becker's Healthcare 2024 list of 150+ top places to work in healthcare. This list highlights hospitals, health systems and healthcare companies that prioritize workplace excellence and the happiness, satisfaction, wellbeing and fulfilment of their employees.

This position is fully remote. Will require Az hours of 8am to 5pm, with some flexibility.

Your pay and benefits are important components of your journey at Banner Health. This opportunity includes the option to participate in a variety of health, financial, and security benefits. In addition, this position may be eligible for our Management Incentive Program as part of your Total Rewards package.

Within Banner Health Corporate, you will have the opportunity to apply your unique experience and expertise in support of a nationally-recognized healthcare leader. We offer stimulating and rewarding careers in a wide array of disciplines. Whether your background is in Human Resources, Finance, Information Technology, Legal, Managed Care Programs or Public Relations, you'll find many options for contributing to our award-winning patient care.

Position Summary

This position directs the operations and performance of multiple billing units and is responsible for providing the appropriate and timely resolution of account receivables, ensuring a positive cash flow and a high degree of customer satisfaction, and for attaining the company goals of the timely and complete collection of receivables, cash, subrogation, healthcare liens, and all other accounts referred to the legal department, as well as for creating Bad Debt Write Offs within guidelines and goal levels.

Core Functions

• Directs staff and the operations of the collection and adjudication process of multiple billing and claims units and ensures that billing, collection, claims and accounting activities are conducted in a manner such that ensures positive cash flow, maintains the age of accounts receivables at or below the target level, and that all third party claims are executed appropriately. This position must project a positive and professional image to third party payers, the hospital providers, patients and contract management while maximizing cash flow.
• Reviews adjustments and controlled write-offs. Works effectively with facilities staff other payor units to find solutions and improve processes to minimize bad debt.
• Directs and oversees personnel actions including recruiting, new hire actions, interviewing and selection of new staff, staff reviews, and salary determinations for management and staff. Develops goals and performance expectations for staff. Provides effective leadership and promotes teamwork within the department, facilities and outside agencies.
• Maintains a current knowledge of all contractual and regulatory requirements. Ensures that company fiscal policies and procedures, contractual requirements, and accepted accounting principles and practices are followed in patient and third party billing and claims.
• Closely monitors activity results in billing unit to ensure timely and accurate resolution of problems identified by payers, patients, other PFS units and hospitals. Independently and through the efforts of staff, maintains ongoing positive communications with all parties to provide information and resolve issues.
• Conducts ongoing analysis of the department and employee productivity using available statistical indicators; uses analysis results to detect developmental opportunities. Develops and updates processes and procedures as appropriate. Achieves designated production and quality goals for the unit, and maintains expenses within budgetary guidelines for the assigned unit(s).
• Provides opportunities for strategic departmental improvements and communicates suggestions to the appropriate supervisory and management staff within System Patient Financial Services and other various departments at the facilities and the System Center.
• Directs this billing and claims function for all company hospital facilities in three states. Manages Annual billings of $450M to $600M. Budgets and controls operational expenses for multiple cost centers. Manages receivables under the full scope of all payor Contractual Arrangements for insurers, Managed Care Payers, a variety of Medicaid plans, and Medicare.
  
  

Minimum Qualifications

This position requires a level of expertise in Accounting principles normally demonstrated by an advanced education Degree in Accounting.

Requires extensive knowledge and understanding of provider contracts and billing processes normally acquired with seven (7) or more years related work in managing the collection and processing of health care receivables. Requires demonstrated skills in management of similar billing operations. A thorough knowledge of third-party billing requirements, reimbursement principles, collection laws and managed care and contract payor implications are essential. Familiarity with receivable-related accounting principles, patient accounting system capabilities, and the ability to analyze statistic data is required.

Must have a demonstrated ability to develop and maintain effective business relationships with third-party payors as well as possess exceptional written and verbal communications skills and excellent human and public relations skills. A proficiency in problem resolution and training techniques is necessary. Requires the ability to work effectively with common office software and to effectively use the patient billing software and database.

Preferred Qualifications

Additional related education and/or experience preferred.

EOE/Female/Minority/Disability/Veterans

Our organization supports a drug-free work environment.

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