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Revenue Analyst I-Hybrid
Job Description
HYBRID:
This is a hybrid position and must be located within 100 miles of any of the Mayo Clinic campuses for on-site expectations based on business needs. This is the first in a series of four revenue cycle analyst roles in a multi-site, multi-specialty academic medical center. Works in a team environment providing support to revenue analysts and revenue cycle leadership under limited supervision. Actively communicate and present pertinent information to various audiences. Understands and recognizes the need for billing controls to preserve Mayo's Standard of Ethics and minimize the financial and legal risks for Mayo. Performs tasks such as error correction, reconciliations, data entry, standard report preparation, analysis and/or routine compliance activities. Uses reporting tools to monitor revenue recognition and billing compliance. Understands basic Mayo and governmental coding and billing rules and compliance guidelines. Assists in conducting research and analysis, benchmarking, and audits to ensure reasonableness and accuracy of information along with identifying and implementing best practices and improvements. Provides basic revenue and billing analytics to support department and institutional leadership. May identify revenue and billing problems and opportunities and communicate to appropriate leaders. Bachelor's Degree in economics, mathematics, business administration, accounting, finance, healthcare business related fields or statistics; OR High School diploma and 4 year's relevant experience. Healthcare Financial Management Association (HFMA) Certification Preferred. Demonstrated understanding of coding, billing and compliance practices. Prefer knowledge of revenue recognition systems and practice billing systems. Strong investigational skills, shows attention to detail, accuracy and ability to manage and prioritize multiple tasks. Independently organizes work plan for assigned projects within team structure. Demonstrates effective communication and basic presentation skills. Ability to work in a team environment and develop constructive working relationships with others. Demonstrated knowledge of Microsoft applications including Word, Excel, Outlook, and Powerpoint.
•This vacancy is not eligible for sponsorship / we will not sponsor or transfer visas for this position. During the selection process, you may participate in an OnDemand (pre-recorded) interview that you can complete at your convenience. During the OnDemand interview, a question will appear on your screen, and you will have time to consider each question before responding. You will have the opportunity to re-record your answer to each question - Mayo Clinic will only see the final recording. The complete interview will be reviewed by a Mayo Clinic staff member and you will be notified of next steps.
Benefits
- Dental Insurance
Career Insights for Business Analyst (General)
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Scorecard
Based on Minnesota data
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What they do
A Business Analyst provides strategic management consulting to companies and businesses. Advises on ways to improve operations, increase efficiency, reduce costs and increase revenues; may recommend systems or organizational change. May specialize in an area of business practice or a specific industry; may also specialize in consulting with government agencies.
$91,069 / year median in Minnesota
-10% projected decline