Director, Healthcare Revenue Management Job 2024 Full Time

Company

Rite Aid

Job Type

Full time

Requisition

JR041437

Last Updated

2024-09-16

Department

Third Party Administration

Job Summary

The primary purpose of this position is to develop and maintain a revenue system of reporting and analysis that measures and monitors the Company’s cash receipts of Third-Party Insurance claims (70% ($9 Billion) of the Company’s revenue). This ensures the Company’s cash collections and accounts receivable aging are appropriate and timely, thereby reducing the company’s bad debt expense and increased cash flow.

Job Responsibilities

• Oversee and support the daily operations of all revenue cycle cycle management functions. Specifically, a) Payer latency, non-payments, and short payments. B) Identification of Third-Party System process issues.

• Manage key reporting and analysis activities which support the company’s overall strategic goal of reducing the company’s expenses, specifically bad debt expense. This will include monitoring of accounts receivable aging reports, days sales outstanding, Company’s bad debt waterfall schedules, and borrowing base analysis for the Company’s secured debt.

• Provide executive reporting on key Healthcare revenue metrics and key performance indicators (KPI) to ensure awareness of the company’s liquidity status.

• Identifies areas for improvements and drives change initiatives to improve overall Revenue Cycle Management operations and financial outcomes

qualifications

EDUCATION REQUIREMENTS

Education Level

Area of Specialization (Marketing, Finance, Pharmacy, Engineering/IT, etc)

Required or Preferred

Bachelor Degree

Business or Related field; or equivalent combination of education and experience

Required

WORK EXPERIENCE

Experience

Areas of Experience (Pharmacy, Compliance, E-commerce, Retail, etc)

Required or Preferred

10 years of experience in Healthcare Revenue Cycle and Accounting

Required

5 years of experience in Pharmacy Claims Processing

Required

why rite aid

If you want to make a difference, Rite Aid is the right place.

While Rite Aid is big, it still feels small — you and your work are never lost in the crowd. You know the leaders, and they recognize your impact. Teams are tightly knit and agile. Small groups, courageous enough to meet our goals in new ways. You can take your work, your team, or your business to the next level without being slowed down by a ton of process or layers of approval. For anyone with intent to grow, you can reinvent yourself in a new role or take on a new challenge while helping us reinvent Rite Aid and innovate our industry.

Wherever you work in the Rite Aid family, your diverse perspectives and fierce commitment enable us to deliver on the promise of ’whole health for life’ for communities around our country.

And that makes the biggest difference of all.

Rite Aid is on the front lines of delivering healthcare services and retail products to more than 1.6 million Americans each day.

Through our RxEvolution strategy, Rite Aid is re-imagining the neighborhood pharmacy as a destination for total health and wellness – the place where traditional medicine and alternative therapies come together in perfect harmony.

We believe in the power of pharmacy to provide trusted and accessible care that helps our customers go beyond healthy and get thriving. An essential part of our RxEvolution includes empowering our pharmacists to engage more with customers – while also updating our product mix to favor better-for-you and free-from options that our customers value.

Rite Aid Corporation is also proud to be one of the nation’s leading drugstore chains. With approximately 2,500 stores in 19 states, we have a strong presence on both the East and West Coasts, employing more than 51,000 associates.

Fair Chance Act

Fair Chance Act Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Pursuant to the Los Angeles Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Pursuant to the California Fair Chance Act, we will consider qualified applicants with a criminal history. You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if we identify a conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report. Find out more about the Fair Chance Act by visiting the Civil Right’s Department Fair Chance Act webpage.

For more detailed information around city/state required notices, click here to access a list of disclosures.

New Jersey Law Against Discrimination (LAD)

The New Jersey Law Against Discrimination (LAD) prohibits unlawful employment discrimination based on an individual’s race, creed, color, national origin, nationality, ancestry, age, sex (including pregnancy), familial status, marital/civil union status, religion, domestic partnership status, affectional or sexual orientation, gender identity and expression, atypical hereditary cellular or blood trait, genetic information, liability for military service, and mental or physical disability (including perceived disability, and AIDS and HIV status).