JOB DESCRIPTION:
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:
- Career development with an international company where you can grow the career you dream of.
- An excellent retirement savings plan with high employer contribution.
- Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
- A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
- A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
This position works out of our Orlando Florida, or Livermore CA location in the heart failure division. As the Sr. Manager, Revenue cycle Management you will oversee the planning, organization, and coordination of daily revenue cycle operations to ensure effective processes for Billing, claims processing, revenue collections and overall payment functions including cash posting for all Insurances and patients. Execute Revenue Cycle strategies in alignment with the business objectives. Improve days sales outstanding and collection percentage to meet the cashflow target. Ensure compliance to collection policies within Revenue cycle areas including full responsibility for acquired entities, overseas team management and third party collection agencies.
What You’ll Work On
- Oversee the planning, organization, direction, implementation, of all claims management processes and controls to ensure the accuracy and timeliness of claim submissions, collections effort and payment distribution in compliance with contractual, state and federal regulations
- Stay updated on insurance industry regulations, policies, and coding standards, ensuring compliance, and implementing necessary changes
- Ensures efficient accounts receivable management. Use routine monitoring reports such as claim submission rates, denial rates, reimbursement trends to oversee the revenue cycle operational functions.
- Identify and address areas of improvement to maximize reimbursement and minimize billing errors. Collaborate with insurance companies, B2B clients and third-party payers to address claims inquiries, appeals, and payment discrepancies.
- Monitors work queues responsible for and develops remediation plans for any backlogs that could occur operationally
- Supervise patient billing and collections staff on a daily basis, including hiring, monitoring productivity standards and departmental training
- Formulate appropriate professional targets for each of the team members. Ensure collection goals for the department are met.
- Attend, participate and lead at required meetings and work groups.
- Foster positive working relationships with internal and external stakeholders, promoting effective communication and collaboration
- Provide leadership. Serve as role model and share resources.
- Actively participate in department projects and improvement initiatives
- Interface with upper management including Director, VP and DVP in Operations, Sales, Marketing, Finance and R&D.
- Provide key financial input on decisions that will drive the strategic/tactical direction of the business unit.
- Evaluate existing team performance and propose target /organization change to upgrade the talents.
- Manage 30+ collection team, including training, mentoring, goal setting and performance review.
- Any other projects / initiatives assigned in connection with Revenue Cycle management
Required Qualifications
Bachelors Degree Preferably in Business /Engineering, Revenue Cycle management; CRCR certified preferred
Minimum 10 years experience
Experience in handling a team of 50+ billers /$500M+ in Account receivables
Experience in CMS billing, Account Receivable management is preferred
Experience in multiple EMR/EHR work queue management within RCM
Adaptable, open to change and able to work in ambiguous situations and respond to new information and unexpected circumstances.
Strong billing requirements knowledge with detailed understanding of how to strategize account receivables and optimize operations
Experience working with Third Party Collection agencies
Self-motivated and strong leadership to challenge status quo
Strong Customer Focus and ability to get results.
Demonstrated process improvement skills.
Ability to make business decisions under uncertainty
Demonstrated ability to influence stake holders, effectively work and communicate in matrix global organization (Finance, Sales, Marketing, Warehouse, customer service, etc.)
Preferred Qualifications
- CRCR from HFMA or Other Revenue Cycle management related
Apply Now
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.
The base pay for this position is
$146,700.00 – $293,300.00In specific locations, the pay range may vary from the range posted.
JOB FAMILY:Manufacturing
DIVISION:HF Heart Failure
LOCATION:United States > Livermore : 6465 National Drive
ADDITIONAL LOCATIONS:United States > Orlando : 30 S. Keller Road
WORK SHIFT:Standard
TRAVEL:Yes, 20 % of the Time
MEDICAL SURVEILLANCE:Not Applicable
SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf
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What We Do
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.
