Medasource
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Position: AVP Patient Financial Services (Hospital Billing)
Client: Large Provider Client
Length: 6-month CTH
Location: Remote, with some onsite travel to Maryland
Summary
The AVP PFS Hospital Billing is responsible for planning, organizing, and providing leadership to management for daily operational responsibility in Patient Financial Services (PFS) related to billing and collections for a multi-facility health system.
Primary Duties and Responsibilities
- Acts as Compliance Director for PFS and ensures adherence to third-party regulatory billing and filing requirements.
- Establishes and maintains effective communication with internal management and staff, as well as with external customers and executive leadership.
- Collaborates with Chief Financial Officers (CFOs) to identify revenue cycle improvement opportunities and implement process enhancements.
- Maintains relationships with key stakeholders across business units, regularly reviewing revenue cycle performance in coordination with medical records, case management, and access management teams.
- Participates in meetings and committees and represents the department in outreach efforts as needed.
- Engages in multidisciplinary quality and service improvement initiatives.
- Provides leadership and oversight for daily operations within the patient financial services area across the health system.
- Leads implementation efforts for major revenue cycle projects and serves on committees as requested.
- Maintains accounts receivable performance goals in alignment with system-wide targets.
- Responsible for monthly reporting and analysis of accounts receivable (AR) performance.
- Develops and implements policies and procedures; continually reviews and updates systems and data collection methods to optimize reimbursement.
- Reviews AR trends with CFOs and provides monthly recommendations for adjustments to bad debt and contractual allowance reserves.
Minimum Qualifications
- Education
- Bachelor’s degree in Accounting, Finance, or a related field — required
- Experience
- Minimum of 10 years of financial management experience in a hospital accounts receivable setting, with a primary focus on third-party payer requirements, regulatory compliance, and prospective payment system (PPS) regulations — required
- Licenses and Certifications
- AHAM or HMFA Preferred
- Knowledge, Skills, and Abilities
- In-depth understanding of regulatory requirements related to healthcare finance and reimbursement
- Detailed working knowledge of PPS regulations
- Proficiency in basic computer applications and data analysis tool
AVP PFS Hospital Billing Columbia, MD
For over 16 years, Medasource has established and maintained relationships that are designed to meet your IT staffing needs. Whether it’s contract, contract-to-hire, or permanent placement work, we customise our search based upon your company’s unique initiatives, culture and technologies. With our national team of recruiters placed at 21 major hubs around the nation Medasource finds the people best-suited for your business. When you work with us, we work with you. That’s the Medasource promise.
Medasource is an equal opportunity employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or gender expression, sexual orientation, marital status, military service and veteran status, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information, or any other characteristic protected by applicable federal, state, or local laws and ordinances.
Benefits & Perks:
Medasource offers competitive medical, dental, vision, Health Savings Account, Dependent Care FSA, and supplemental coverage with plans that can fit each employee’s needs. We offer a 401k plan that includes a company match and is fully vested after you become eligible, paid time off, sick time, and paid company holidays. We also offer an Employee Assistance Program (EAP) that provides services like virtual counseling, financial services, legal services, life coaching, etc.
Pay Disclaimer:
The pay range for this job level is a general guideline only and not a guarantee of compensation or salary. Additional factors considered in extending an offer include (but are not limited to) responsibilities of the job, education, experience, knowledge, skills, and abilities, as well as internal equity, alignment with market data, applicable bargaining agreement (if any), or other law.
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