Healthcare Revenue Cycle Optimization Director Salary in New Jersey

The Healthcare Revenue Cycle Optimization Director reviews, designs, and implements processes surrounding admissions, pricing, billing, third party payer relationships, compliance, collections, and other financial analyses to ensure that clinical revenue cycle is effective and properly utilized. Directs and oversees the overall policies, objectives, and initiatives of an organization's revenue cycle activities to optimize the patient financial interaction along the care continuum. Being a Healthcare Revenue Cycle Optimization Director manages relations with payers and providers to generate high reimbursement rates and a low level of denials. Tracks numerous metrics related to the patient engagement cycle including record coding error rates and billing turnaround times to develop sound revenue cycle analysis and reporting. In addition, Healthcare Revenue Cycle Optimization Director requires a bachelor's degree. Typically reports to top management. The Healthcare Revenue Cycle Optimization Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Working as a Healthcare Revenue Cycle Optimization Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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