Business Analyst, Revenue Cycle Management

Company: Bancroft
Location: Cherry Hill
Posted on: June 18, 2022

Job Description:

Overview:Are you looking for a new professional challenge? Do you want to build a fulfilling career with real purpose? Join Bancroft, one of the region's largest nonprofit human services organizations. Here, you'll be supported by coworkers who are committed to one another, and who strive toward one mission and purpose.
As a nonprofit organization, we are solely committed to supporting people with special needs and their families, to help make it One World. For Everyone.
The Business Analyst provides analytic support, problem-solving capabilities, and communication to Revenue Cycle leadership on all matters pertaining to revenue cycle needs. Supports the Director with detailed analysis on client accounts and supports the monthly billing operations of Bancroft programs by researching and resolving claim denials, rejections and reducing the overall accounts receivable (A/R). This role will serve as the subject-matter expert on billing issues related to systems, process improvements and system enhancements. Maintains an in-depth expertise of Bancroft billing systems and drives towards simple solutions to complex problems. The Analyst must be technically savvy and proficient in research in various clearinghouses, payor portals and with internal client account databases. Collaborates across Finance and Bancroft programs to develop fully informed views and insights into the drivers behind data, and present findings clearly and concisely. The Analyst must have great attention to detail and work well under pressure to meet ongoing and overlapping deadlines with short time constraints.Responsibilities:

• Develops and maintains an "expert" level knowledge of the system applications as evidenced by:
  • Effective resolutions of day-to-day problems and issues
  • Active participation in information exchanges, user groups and trainings
  • Proactively identify and implement operational improvements, enhancements and system customizations that meet business needs
  • Assists Director with A/R queries and researches issues of non-payment
    • Investigates denials and works with members of Billing to correct and re-bill in a timely manner
    • Ensures that necessary adjustments are handled accurately and timely
    • Supports the weekly/monthly billing processes by auditing data for accuracy and providing data management within various systems
      • Identifies and tracks data discrepancies; collaborates with teams across Bancroft and manages the resolution of any discrepancies
      • Extracts and analyzes data from multiple sources; presents recommendations for solutions to Revenue Cycle leadership and various stakeholders across the organization
        • Support recurring and ad hoc reporting for various internal/external stakeholders
        • Monitor ongoing performance of revenue cycle metrics through development and use of Key Performance Indicators (KPIs). Uses data to identify trends and gaps in the revenue cycle.
        • Seeks and acts on opportunities to improve workflows, systems and processes. Plays a key role in system application improvement efforts.
          • Performs system test and audits, makes recommendations for resolution and establishes new procedures and processes when applicable
          • Prepares monthly reports, analysis and presentations as needed
          • Able to evaluate, understand and explain an insurance explanation of benefits
          • Maintains effective relationships and open communications with Bancroft staff, service recipients, visitors and community members.
          • Performs other related duties, special assignments and projects, as required. Remains flexible and adaptable in work schedule as defined by organizational needs.Qualifications:Education & Experience:Requires a BA/BS degree preferably in Business Information Systems, or Healthcare Administration. Minimum of 5+ years of revenue cycle experience, preferably within a healthcare setting involving third-party payer reimbursement. The successful applicant will be proficient in Excel (pivot tables, VLookup), and other Microsoft Applications, including Word and PowerPoint. Experience with Salesforce and CoCentrix is a plus. Ability to learn and effectively utilize internal billing systems, clearinghouse sites and various payer portals (NaviNet, Availity, Payspan) is required. Project management experience is preferred.
            Special Skills:Customer service oriented with a focus on problem resolution and good outcomes for internal and external stakeholders.Excellent interpersonal skills and demonstrated strength in written and verbal communications.Able to glean and retain information and record accurate notes.Able to follow procedures and be detailed oriented.Able to collaborate and communicate effectively with all levels of the organization.High degree of integrity with a strong mission orientation, consistent with Bancroft's vision, mission and values.Valid driver's license required in incumbent's legal name and current address with no provisional restrictions. Minimum 18 years of age required.
            What You'll Love About Bancroft:
            • Meaningful Purpose: We truly make a difference in the lives of others, which inspires us to be better people, and gives us purpose.
            • Lasting Bonds: We are a close-knit, committed team who feel like a second family
            • Personal Growth: There are opportunities to learn and build skills, professional development, career advancement, tuition assistance, and loan repayment programs
            • Outstanding Benefits: We offer competitive salaries, retirement savings program, generous paid time off, medical and dental insurance, and more
              About BancroftAt Bancroft, you'll do more than just make an impact. We are a care team of 2,700 employees across 200+ facilities and homes in NJ, PA, and DE committed to making a lasting difference in the lives of the people we serve and their loved ones. Together, we work diligently and compassionately, to improve the lives of the people we serve. Find your purpose and more at Bancroft.
              Real Life. Real Purpose.bancroft.org/careersEEO Statement:Bancroft is an Equal Opportunity Employer, and supports diversity, equity and inclusion in its hiring and employment practices, so that every team member can feel a true sense of belonging, and maximize their unique potential. To this end, all applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, veteran status or any other characteristic protected by law.
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Keywords: Bancroft, Cherry Hill , Business Analyst, Revenue Cycle Management, Professions , Cherry Hill, New Jersey