Revenue Cycle Analyst

Are you a highly analytical and detail-oriented individual with a passion for healthcare and finance? Do you thrive in a fast-paced, dynamic environment where your skills and expertise can make a direct impact on the well-being of young patients? If so, we have an exciting opportunity for you at Children's Hospital of Philadelphia as a Revenue Cycle Analyst.As a Revenue Cycle Analyst, you will play a crucial role in ensuring the financial success of our hospital by analyzing and monitoring the revenue cycle process. You will work closely with various departments and stakeholders to identify areas for improvement and implement solutions to optimize revenue and reduce costs. Your expertise and insights will directly contribute to our mission of providing the best possible care for children in need.To excel in this role, you must have a Bachelor's degree in finance, accounting, or a related field, along with a strong understanding of healthcare revenue cycle management. Additionally, we are seeking candidates with excellent communication and problem-solving skills, as well as the ability to work collaboratively and independently.If you are ready to join a highly respected and innovative healthcare organization and make a meaningful impact on the lives of children, we encourage you to apply for this position.

1. Conduct detailed analysis of the revenue cycle process, including data analysis and financial reporting.
2. Collaborate with various departments and stakeholders to identify areas for improvement and develop strategies to optimize revenue and reduce costs.
3. Monitor and track revenue cycle metrics and trends, and provide regular reports to senior management.
4. Utilize healthcare revenue cycle management knowledge to ensure compliance with regulatory requirements and industry best practices.
5. Communicate effectively with team members and stakeholders to provide updates and recommendations for improving revenue cycle processes.
6. Develop and maintain strong working relationships with internal and external partners, including insurance payers and vendors.
7. Proactively identify and resolve revenue cycle issues and discrepancies, and implement corrective actions to prevent future occurrences.
8. Stay abreast of industry trends and changes in healthcare regulations to ensure compliance and identify opportunities for improvement.
9. Collaborate with IT teams to implement and optimize revenue cycle systems and processes.
10. Train and educate staff on revenue cycle processes and best practices to ensure consistent and accurate execution.
11. Contribute to the development and implementation of new revenue cycle initiatives and projects.
12. Maintain confidentiality of sensitive financial information and adhere to HIPAA regulations.
13. Work independently and as part of a team to meet deadlines and achieve departmental goals.
14. Continuously evaluate and improve revenue cycle processes to enhance efficiency and effectiveness.

According to JobzMall, the average salary range for a Revenue Cycle Analyst in Philadelphia, PA, USA is between $60,000 and $80,000 per year. This can vary depending on the specific company, level of experience, and job responsibilities. With more experience and higher-level roles, the salary range may increase. Additionally, factors such as bonuses, benefits, and location can also impact the salary range.

The Children's Hospital of Philadelphia, also known by its acronym CHOP, is a children's hospital in Philadelphia, Pennsylvania. Its primary campus is located in the University City neighborhood of West Philadelphia on the campus of the University of Pennsylvania. The hospital has 594 beds and more than one million outpatient and inpatient visits annually. It is one of the world's largest and oldest children's hospitals and the first hospital dedicated to the healthcare of children.