Revenue Management Associate Analyst at NYU Langone Health

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

15 Jun, 26

Salary

69300.0

Posted On

17 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Data Collection, Analytical Duties, Reimbursement Analysis, Process Improvement, Charge Capture, Auditing, Data Mining, Reporting, Financial Analysis, Budgeting, Process Analysis, Managed Care Contracts, Billing, Collection Processes, MS Access, Excel

Industry

Description

NYU Langone Health is a fully integrated health system that consistently achieves the best patient outcomes through a rigorous focus on quality that has resulted in some of the lowest mortality rates in the nation. Vizient Inc. has ranked NYU Langone the No. 1 comprehensive academic medical center in the country for three years in a row, and U.S. News & World Report recently placed nine of its clinical specialties among the top five in the nation. NYU Langone offers a comprehensive range of medical services with one high standard of care across 6 inpatient locations, its Perlmutter Cancer Center, and over 320 outpatient locations in the New York area and Florida. With $14.2 billion in revenue this year, the system also includes two tuition-free medical schools, in Manhattan and on Long Island, and a vast research enterprise with over $1 billion in active awards from the National Institutes of Health. For more information, go to NYU Langone Health [http://nyulangone.org/], and interact with us on LinkedIn [https://www.linkedin.com/company/nyulangonehealth/?viewAsMember=true], Glassdoor [https://www.glassdoor.com/Reviews/NYU-Langone-Health-Reviews-E121521.htm], Indeed [https://www.indeed.com/cmp/Nyu-Langone-Health/reviews], Facebook [http://facebook.com/NYULangone], Twitter [http://twitter.com/nyulangone], YouTube [http://www.youtube.com/user/nyulmc] and Instagram [http://instagram.com/nyulangone]. Position Summary: We have an exciting opportunity to join our team as a Revenue Management Associate Analyst. In this role, the successful candidate as the Revenue Management Associate Analyst will support the Revenue Management Department through the identification, quantification and execution of special projects identifying areas of increased net revenue opportunities. The analyst will provide reimbursement analysis. This will be accomplished by reviewing current practices as they relate to system interfacing, account audits, contractual language, and any other system or department that may impact the financial health of this institution. The Associate Analyst reports to the Revenue Management Manager. Job Responsibilities: * * Maintains and updates the monthly workload tracking document. * Performs and participates in other related duties as required. * Provides knowledge transfer and support to RMD staff. * Performs data collection, tracking and analytical duties to respond to key issues, increase/track reimbursement opportunities and process efficiency and in support of the decision making process of leadership from multidisciplinary perspectives. * Assist in identifying trends for process improvement projects with departments with the purpose of increasing overall net revenue and charge capture rates, and securing optimal efficiency. * Works collaboratively with Auditors and department management/administration to understand services provided to explore and capitalize on opportunities for increased reimbursement. * Based on charge audit trends, identifies administrative errors, inaccurate service code assignment, and discrepancies in interpretation of charging and/or reimbursement methodologies. * Data mines from hospital information systems, and runs reports as requested to find opportunities for revenue generation. Minimum Qualifications: To qualify you must have a To qualify you must have a Bachelor's degree in Economics/Statistics, Finance, Business Management, Finance, Healthcare administration or a related field or equivalent combination of education and experience. Three of related health care administration/financial or revenue cycle analysis experience. Preferred Qualifications: Experience in financial analysis, budgeting, business and process analysis, working knowledge of third party reimbursement is required. Comprehensive understanding of audit and reimbursement systems, managed care contracts, rate structures, billing and collection processes and procedures, utilization review, health care information systems, outpatient revenue, home health, and other related health care topics is required. Strong analytical skills and excellent communication skills required. Knowledge of managed care terminologies and ability to interpret hospital bills, explanation of benefits, and medical records. Strong computer and systems application skills. Strong knowledge of NYULMC IT systems such i.e. Epic and EPSi is preferred. Experience in MS Access, Excel and Word required. Knowledge of EPIC enterprise system preferred. Qualified candidates must be able to effectively communicate with all levels of the organization. NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents. At NYU Langone Health, we are committed to supporting our workforce and their loved ones with a comprehensive benefits and wellness package. Our offerings provide a robust support system for any stage of life, whether it's developing your career, starting a family, or saving for retirement. The support employees receive goes beyond a standard benefit offering, where employees have access to financial security benefits, a generous time-off program and employee resources groups for peer support. Additionally, all employees have access to our holistic employee wellness program, which focuses on seven key areas of well-being: physical, mental, nutritional, sleep, social, financial, and preventive care. The benefits and wellness package is designed to allow you to focus on what truly matters. Join us and experience the extensive resources and services designed to enhance your overall quality of life for you and your family. NYU Langone Health is an equal opportunity employer and committed to inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration. We require applications to be completed online. View Know Your Rights: Workplace discrimination is illegal [https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf]. NYU Langone Health provides a salary range to comply with the New York state Law on Salary Transparency in Job Advertisements. The salary range for the role is $66,299.99 - $69,300.00 Annually. Actual salaries depend on a variety of factors, including experience, specialty, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits. To view the Pay Transparency Notice, please click here [https://cdn-static.findly.com/wp-content/uploads/sites/290/2017/04/pay-transp_formattedESQA508c.pdf]

Responsibilities

The Revenue Management Associate Analyst supports the department by identifying, quantifying, and executing special projects focused on increasing net revenue opportunities and providing reimbursement analysis. This involves reviewing current practices related to system interfacing, audits, and contractual language to ensure financial health.