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Job Details
Vice President, Revenue Analytics
Req #: 0000239792
Category: Senior Leadership (VP+)
Status: Full-Time
Shift: Day
Facility: RWJBarnabas Health Corporate Services
Department: Revenue Analytics
Pay Range: $250,000.00 - $330,000.00 per year
Location:
2 Crescent Place, Oceanport, NJ 07757
Job Title: Vice President
Location: System Business Office
Department Name: Revenue Analytics
Req #: 0000239792
Status: Salaried
Shift: Day
Pay Range: $250,000.00 - $330,000.00 per year
Pay Transparency:
The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.
The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.
Vice President, Revenue Analytics
Job Overview:
The Vice President, Revenue Analytics provides strategic leadership and subject matter expertise for the valuation, reconciliation, and financial reporting of acute care and physician practice revenue and accounts receivable across the health system. This role oversees valuation methodologies, ensures accurate reconciliation of billing subsystems to the general ledger, and serves as a key advisor to finance leadership, physician executives, and compliance partners while maintaining compliance with generally accepted accounting principles and nonprofit healthcare accounting standards. This position will also support the Financial Analytics team to develop, monitor and analyze enterprise-wide revenue budgets to ensure accurate forecasting, financial sustainability and alignment with organizational goals.
Reports to:
Qualifications:
Essential Functions:
Strategic Oversight of Patient Revenue and AR Valuation
With the Revenue Analytics team, oversee the valuation of acute care and physician practice revenue and accounts receivable, including gross AR, contractual allowances, charity care, bad debt reserves, and other valuation adjustments
Establish, document, and maintain consistent valuation methodologies across acute care and employed and affiliated physician practices and specialties
Evaluate payer mix, volume trends, reimbursement rates and changes, collection performance, and regulatory impacts to refine reserve assumptions and valuation models
Monitor monthly KPIs and trend across periods to highlight potential issues.
Perform routine cash run out models to check against valuations for material discrepancies
Analyze and report on opportunities for revenue enhancement through process improvement
Introduce opportunities for automation to reduce human error and improve the overall quality and efficiency of revenue recognition and receivable valuation
Correlate revenue recognition with volume statistics to identify anomalies in financial performance requiring further review and analysis
Monitor actual revenue performance against budget and provide variance analyses with clear explanations and recommendations
Billing & Financial Governance
Provide oversight and governance of Hospital Billing (HB) and Professional Billing (PB) subsystems to general ledger reconciliation processes
Ensure timely and accurate reconciliation of charges, payments, adjustments, and AR balances.
Serve as the escalation point for complex reconciling items, system issues, or data integrity concerns.
Ensure PB bill areas within billing sub-system correlate to the payroll areas within the financial system's payroll module.
Partner with Revenue Cycle, Coding, IT, and Compliance to support sub-system upgrades, system changes, and reporting enhancements.
Financial Leadership & Reporting
Lead month-end and year-end close activities related to acute care and physician practice revenue and accounts receivable
Present AR valuation results, trends, and risks to senior finance leadership and physician enterprise executives
Work with Managed Care team to evaluate and monitor Medicaid Access to Physician Services Program reimbursements
Maintain auditable reconciliation documentation
Support system-level financial statements, footnotes, and disclosures related to revenue and receivables
Provide guidance on physician practice financial impacts for strategic initiatives, acquisitions, and operational changes
Maintain documentation of budgeting assumptions, methodologies and processes.
Controls, Compliance & Audit Leadership
Design, implement, and monitor internal controls over AR valuation and sub-system to GL reconciliation processes
Serve as contact for internal and external auditors related to patient revenue and receivables
Ensure compliance with GAAP, nonprofit healthcare accounting standards, and regulatory requirements
Proactively identify financial, operational, and compliance risks related to revenue cycle activity
Team Leadership & Process Improvement
Establish performance expectations, review work products, and support professional development
Drive process improvement initiatives to enhance accuracy, efficiency, and transparency across financial reporting
Promote standardization and best practices across the enterprise
Technical Expertise
Leadership & Professional Skills
Additional Information:
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Benefits and Perks:
At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees' physical, emotional, financial, personal, career, and community wellbeing. These benefits and resources include, but are not limited to:
Choosing RWJBarnabas Health!
RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.
RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey-whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.
At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees physical, emotional, social, and financial health.
RWJBarnabas Health is an Equal Opportunity Employer
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