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Revenue Analyst II

Company: Mayo Clinic
Location: Rochester
Posted on: March 23, 2020

Job Description:

City RochesterState MinnesotaTelecommute YesDepartment FinanceWhy Mayo ClinicThis position will exclusively support Radiology, with focus dedicated, but not limited to the following activities;

  • Develop a deep understanding of payer requirements and industry knowledge of Radiology services and monitor trends in the external market related to billing and reimbursement
  • Streamline processes and create best practices for patient billing, relevant practice and staff revenue cycle interactions, improved denial management, and maximizing reimbursement
  • Review physician documentation and provide real-time feedback on proper documentation and medical necessity for radiology exams
  • Provide education and support to clinical areas in regard to appropriate ordering, documentation and coding of services to achieve accurate billing.Position descriptionThis is the second in a series of four revenue cycle analyst roles in a multi-site, multi-specialty academic medical center. Works in a team environment providing support to revenue analysts and revenue cycle leadership under minimal supervision. Actively communicates and presents pertinent information to various audiences, particularly practice and finance leadership. Proactively identifies opportunities and recommends options for enhancing revenue, while preserving Mayo standards and minimizing the financial and legal risks to Mayo. Interprets, implements, and maintains billing and compliance rules across the revenue cycle. Is recognized and relied upon as a subject matter expert of a revenue or compliance technical area. Uses reporting tools to understand revenue and compliance risks and opportunities with significant impact to Mayo Clinic and conveys these risks and opportunities to leadership. Interprets and applies Mayo and governmental coding and billing rules and guidelines to ensure compliance. Conducts research and analysis, benchmarking, and audits to ensure reasonableness and accuracy of information along with identifying and implementing best practices and improvements. Provides revenue and billing analytics to support department and institutional leadership. Proactively identifies and communicates revenue and billing problems and opportunities; seeks input and participates in implementing solutions or process improvements. Mentors, coaches, and trains staff.QualificationsBachelor's Degree in economics, mathematics, business administration, accounting, finance, healthcare business related fields or statistics) and 3 years of relevant experience;ORMaster's degree in business administration, finance, accounting, or healthcare business related field with 1 year relevant experience required.Degrees in other 4-year fields (e.g. IS technology, engineering) will be considered with at least 5 years relevant experience; OR Master's degree in other related fields will be considered with at least 2 years relevant experience.Additional qualificationsRadiology certification preferred (i.e. NMTCB, RT, CT, MR, US, IR)Has a highly developed understanding of coding, billing and compliance practices. Has knowledge of revenue recognition systems and practice billing systems. Highly developed investigational skills, shows attention to detail, accuracy and ability to manage and prioritize multiple tasks. Ability to work independently. Possess initiative, analytical skills, and an ability to operate with a high level of productivity. Demonstrates effective communication and presentation skills. Ability to work in a team environment and develop constructive working relationships with others. Has advanced knowledge of Microsoft applications including Word, Excel, Outlook, and Powerpoint.License or certification Coding/Compliance Certification preferredExemption status ExemptCompensation DetailEducation, experience and tenure may be considered along with internal equity when job offers are extended. The minimum salary every 2 weeks is approx $2,326, based on a full-time position.Benefits eligible YesSchedule Full TimeHours / Pay period 80Schedule detailsHours are 8:00 - 5:00 Monday through Friday with part time telework option after initial training period.Site descriptionMayo Clinic is located in the heart of downtown Rochester, Minnesota, a vibrant, friendly city that provides a highly livable environment for more than 34,000 Mayo staff and students. The city is consistently ranked among the best places to live in the United States because of its affordable cost of living, healthy lifestyle, excellent school systems and exceptionally high quality of life.Category Administration, Business, Finance, Office & Administrative SupportCareer profile FinanceJob posting number 131716BRRecruiter Veronica BartzEqual opportunityAs an Affirmative Action and Equal Opportunity Employer Mayo Clinic is committed to creating an inclusive environment that values the diversity of its employees and does not discriminate against any employee or candidate. Women, minorities, veterans, people from the LGBTQ communities and people with disabilities are strongly encouraged to apply to join our teams. Reasonable accommodations to access job openings or to apply for a job are available.

Keywords: Mayo Clinic, Rochester , Revenue Analyst II, Professions , Rochester, Minnesota

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