Vice President Professional Revenue Cycle
Arkansas Children's
**Work Shift:**
Please see job description for details.
**Time Type:**
Full time
**Department:**
CC807000 PSO Revenue Cycle Administration
**Summary:**
This role will provide oversight and have responsibility for the Arkansas Children’s Professional Services Organization (ACPSO) professional net revenue, accounting, reporting, and analytics as well as oversee all professional billing and professional coding.
**Additional Information:**
**Required Education:**
Bachelors Degree or Equivalent Experience
**Recommended Education:**
Master's Degree
**Required Work Experience:**
5+ years experience with a focus on Professional Revenue cycle, Related Field - 10 years with 7 years of leadership experience
**Recommended Work Experience:**
Healthcare - 10 years of experience
**Required Certifications:**
**Recommended Certifications:**
Certified Public Accountant (CPA) (Active) (AR) (License) - Arkansas State Board of Public Accountancy
**Description**
1. Develops, implements, and enforces policies and procedures to maximize effectiveness and efficiency of professional billing, coding and collection processes across multiple services and payers.
2. Responsible for the oversight and management of the professional revenue cycle, including authorizations, billing, coding, denials and collections.
3. Directs professional billing and coding management and staff to ensure that accurate submission of all claims and timely collections occurs in accordance with all third-party contract terms including Medicare, Medicaid, managed care, commercial insurance, and direct patient pay.
4. Assures maximization of cash collections through diligent and timely monitoring of all open accounts receivable balances.
5. Works with other AC Finance VPs and the CFO each month and at fiscal year-end, to calculate the proper valuation of the outstanding accounts receivable along with the corresponding contractual allowance and bad debt reserves to ensure the Arkansas Children’s financial statements are accurate.
6. Provides system-wide analysis and reporting on monthly trends related to accounts receivable and net revenue.
7. Develops and monitors departmental budgets for the PB Billing department and PB Coding department and provides explanations of variances to budget and forecast to senior leadership monthly.
8. Development of new processes and analytical tools to improve the ACPSO insights into net revenue fluctuations and variances.
9. Oversees the preparation, calculation and timely submission of data for the quarterly Arkansas Medicaid Enhanced Provider reimbursement.
10. Works closely with the revenue cycle management vendor Solventum to ensure optimum implementation, efficiency and accuracy.
11. Ensures compliance with all internal controls related to the contractual and bad debt allowance reserve calculation process.
12. Plays an integral role in the development of the professional fee net revenue budget on an annual basis.
13. Provides due diligence support related to net revenue; assist in the development of financial pro-forma models for strategic initiatives, including new programs, acquisitions and divestitures.
14. Manage relationships and communications with the AC System Operations team, the AC Practice Plan, AC System Accounting, AC System Information Services, AC System Internal Audit, the Hospital Revenue Cycle team, the Arkansas Children's Senior Leadership and all external auditors.
15. Minimal travel may be required.
Arkansas Children’s (https://www.archildrens.org/about-us) is the only hospital system in the state dedicated to caring for children, which enables us to uniquely shape the landscape of pediatric care in Arkansas.
Arkansas Children’s is driven by four core values—safety, teamwork, compassion and excellence—which inform every action.
Arkansas Children’s Hospital has received Magnet Status (https://www.archildrens.org/about-us/magnet-recognition) from the American Nurses Credentialing Center (ANCC), for nursing excellence and patient outcomes. And we are nationally ranked by U.S. News & World Report (https://www.archildrens.org/about-us/awards-and-recognition) for Cancer, Cardiology & Heart Surgery, Diabetes & Endocrinology, Nephrology, Neurology & Neurosurgery, Pulmonology & Lung Surgery and Urology.
For more than a century, Arkansas Children’s has met the unique needs of children. But we’re more than just a hospital treating sick kids—our services include two hospitals, a pediatric research institute, foundation, clinics, education and outreach, all with an unyielding commitment to making children better today and healthier tomorrow.
Arkansas Children’s Little Rock campus includes a 336-bed hospital with the state’s only pediatric Level 1 Trauma Center, burn center, Level 4 neonatal intensive care and pediatric intensive care, as well as a nationally-recognized transport service. And Arkansas Children’s Northwest (https://www.archildrens.org/locations/arkansas-childrens-nw) provides inpatient and emergency care, clinic rooms and diagnostic services to children in that corner of the state.
_“Arkansas Children’s is a place of hope and comfort for children and parents. When you are at children’s, you are part of an elite team united with a common goal of saving children and making their lives better.”_ Michael – Business Operations Manager
“Arkansas Children’s Hospital is a prestigious institution that cares for children.” Linda – Information Systems Analyst
“We are an organization of care, love, and hope while we champion children.” Angela – Parking and Fleet Coordinator
“Care, love, and hope for children!” Kathy – Administrative Assistant
“When I think of my time here at Arkansas Children’s Hospital, I can honestly say that it has given me a unique perspective on the human condition, and the various roles that we all have in patient care. As a supply assistant, I have a very important job ensuring that the doctors and nurses have what they need to provide the world class medical care to the Children of Arkansas and surrounding states. Being a Champion for Children is more than a catch phrase, it is a way of life!” Nick – Supply Assistant
Arkansas Children's provides equal employment opportunity to all persons without regard to age, race, color, religion, national origin or citizenship status, disability, military status, sexual orientation, gender identity or expression, pregnancy or any other category protected by federal, state and local laws. Further, Arkansas Children's will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.
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