Revenue Cycle Analyst

Job Description

About The Wilshire Group 

The Wilshire Group, a renowned boutique consulting firm in Los Angeles, specializes in revenue cycle optimization and fostering effective collaboration between operational and IT facets.  With a robust track record of aiding over 100 healthcare systems nationwide, our team thrives on professionalism, efficiency, and adaptability.

Our core values- professionalism, efficiency, and flexibility- underscore our commitment to creating an inclusive and dynamic workplace.  We embrace diverse narratives and believe in offering opportunities to exceptional individuals who bring their best to the table.

We are currently offering a contracted interim position at one of US News Best Hospitals 2022-23.  This position caters to top performers seeking a professional environment that acknowledges and values their dedication and proficiency.  While this role doesn’t offer benefits, it presents an opportunity to work within an organization that encourages talented individuals to surpass conventional boundaries.

Join us at The Wilshire Group, a place where talented professionals find a home to showcase their skills and contribute meaningfully to the healthcare landscape.

Why Wilshire? Employee Testimonial

“The number of RCM subject matter experts I get to work with each day is unreal.  Working alongside and as part of this team to help shape the RCM space is exciting.”-Patti Consolver, Director of Business Development 

This is a contracted position for 6+ months.  This positions offers $35.00-$40.00 per hour.

Job Summary

Hours: M-F 8a-5p or 7a-4p PST

A Brief Overview:

Performs a variety of standard, recurring, and moderately complex financial analyses in support of revenue cycle operational business needs. Develops dashboards and reports to track key performance indicators, metrics, and financial opportunities for designated revenue cycle departments. Assists revenue cycle leaders in working closely with organizational stakeholders to improve financial performance based on analytic findings.

What you will do

• Performs detailed analysis of financial and revenue cycle performance to identify trends, patterns, and root causes.
• Completes regular root cause analysis of relevant financial transactions for assigned departments.
• Monitors key performance indicators for assigned areas and explores reasons for performance fluctuation and deterioration.
• Prepares summary findings of analysis for department leadership review.

Examines historical and projected financial data to provide stakeholders with valuable information upon which to make operational decisions.

• Utilizes a strong understanding of revenue cycle applications, operational workflows, and regulatory policies to assist in analytic evaluations.
• Cultivates internal relationships to assist in understanding department workflows.
• Engages regularly with revenue cycle managers and directors on improvement opportunities identified through data analysis.
• Analyzes, prepares, and coordinates distribution of various financial reports for internal Revenue Cycle use and as required for external constituents.
• Maintains various financial databases and records for the reporting of financial data.
• Develops and manipulates large data sets.
• Provides analytics for and supports special projects as needed.

Education Qualifications

• Bachelor’s degree in Business, Finance, Computer Science or an equivalent combination of education and experience. Required

Experience Qualifications

• Experience: Three (3) years of progressively responsible and directly related work experience.
• Prior experience in revenue management, patient financial services and/or health information systems preferred • 1-2 years of statistical analysis experience.
• 1-2 years Hospital Billing experience.

Required Knowledge, Skills and Abilities • Ability to analyze and develop solutions to complex problems.

• Ability to apply judgment and make informed decisions.
• Ability to manage, organize, prioritize, multi-task and adapt to changing priorities.
• Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of information provided.
• Ability to communicate effectively in written and verbal formats including summarizing data, presenting results.
• Ability to establish and maintain effective working relationships.
• Knowledge of hospital and physician revenue cycle methodology.
• Knowledge of hospital information systems, including Epic.
• Knowledge of business analytical practices and methodologies.
• Knowledge of Microsoft Office software, including strong knowledge of Excel.

Licenses and Certifications

• HFMA - Certified Rev Cycle Rep (CRCR) preferred