VP, Revenue Cycle Management

Company Summary

If you are searching for a fulfilling place to develop your career and an opportunity to make a difference in helping others, then keep reading on. Here at AAC, we have a progressive culture; we listen to your ideas, value a work/life balance, invest in education, and we foster trust and respect for all individuals. Our exceptional comp and strong benefits include 401K, medical, dental, vision and life insurance. We are looking for our future leaders, who are not only going to fill the qualifications for this job description, but who are going to exceed expectations. Be a part of a team whose mission is to provide quality, compassionate, and innovative care to adults struggling with addiction and co-occurring mental health disorders. Our purpose and passion are to empower patients, their families, and our communities by helping individuals achieve recovery and optimal wellness of the mind, body, and spirit.

Job Summary

The Vice President of RCM will be responsible for developing, implementing and monitoring the processes of the billing functions encompassing the management of information flow from source at the delivery sites through to billing and cash collection, essentially from order/payer approval to cash. The VP RCM has strategic responsibility for implementation and monitoring to insure stable collections and DSO. This position also governs the collection of self-pay balances which includes Private Pay, deductibles, co-pay, and co-insurance.

The VP RCM will also ensure that the revenue cycle team is viewed as a strong partner cross-functionally throughout the organization and will proactively build collaborative relationships across AAC to include effective partnership with the field, UR, Admissions, and Finance.  

Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Manage what is now largely an “in network” model.
• Manage what is mostly an outsourced billing and collections function.
• Experience transitioning and integrating billing operations from acquired entities.
• Formulate goals and objectives for directing reimbursement and billing and oversee the third party, governmental, insurance and self-pay functions of billing and collection of accounts receivable.
• Keep abreast of all reimbursement billing issues, trends, and procedures of third party, private insurance, managed care and Medicaid to optimize reimbursement.
• Insure the company is in compliance with all regulations and contracts with respect to reimbursement of governmental payers, courts of law, contracting entities, and other third-party payers.
• Interact effectively and work closely with third party payers, insurers and the company’s general managers and department staff in the proper development of and adherence to billing, cash collection and accounts receivable policies and practices.
• Maintain effective communication between corporate and the field offices with respect to billing, reimbursement, and cash collection issues.
• Establish appropriate procedures for follow-up on third party approvals and billing.
• Establish effective control and monitoring over all aspects of the reimbursement function from intake to cash including regular reporting of key operating indicators.
• Oversee or review preparation of monthly department reports on the activities of the RM including productivity, cash collections, status of accounts receivable and unbilled accounts, budget variances.
• Identify and develop key financial and operational performance ratios/measures against which the Department’s performance can be measured.
• Ensure effective retention of long-term employees and the selection, motivation, development, empowerment, coaching and advancement of management and support personnel. Retain and incent A players, develop B players and replace others as necessary.

Education/Experience:

• A BS in operations management, finance, business administration or related field is required; a graduate degree and Black Belt Six Sigma certification in process improvement highly desired.

Physical Requirements

AAC is committed to principles of equal opportunities for all employees.  The Company will provide reasonable accommodations that are necessary to comply with State and Federal disability discrimination laws

• Prolonged sitting at a desk
• Must be able to lift 15 pounds at a time

American Addiction Centers is an equal opportunity employer.  American Addiction Centers prohibits employment practices that discriminate against individuals or groups of employees on the basis of age, color disability, national origin, race, religion, sex, sexual orientation, pregnancy, veteran or military status, genetic information or any other category deemed protected by state and/or federal law.