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Mayo Foundation for Medical Education and Research

Revenue Analyst III-Hybrid

Career Insights for Business Analyst (General)

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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

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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. The Revenue Analyst III serves as a key analytical resource supporting Professional Billing reimbursement accuracy through contract analysis, payment variance review, expected reimbursement validation, and payer policy interpretation. This role is responsible for identifying reimbursement discrepancies, analyzing contract performance, supporting contract implementation and refinement efforts, and partnering with Contracting & Payor Relations, Revenue Cycle Systems, and operational stakeholders to ensure payments align with contractual terms and regulatory requirements. The successful candidate will develop subject matter expertise in Professional Billing reimbursement methodologies, payer policies, provider fee schedules, and Epic contract configuration while supporting reimbursement investigations, trend analysis, and recovery initiatives. As part of professional development, the analyst will be expected to obtain and maintain Epic Professional Billing Contracts Certification through either remote learning or instructor-led training in Verona, Wisconsin. The ideal candidate is intellectually curious, detail-oriented, and motivated by solving complex reimbursement issues while expanding expertise in contract administration, Professional Billing operations, and revenue cycle analytics. Bachelor's Degree required in economics, mathematics, business administration, accounting, finance, healthcare business related fields or statistics and 6 years of relevant experience; OR High School degree and 10 years of relevant experience in lieu of Bachelor's degree. Master's degree in business administration, finance, accounting, or healthcare business related field with 4 years relevant experience preferred. Coding/Compliance Certification preferred. Healthcare Financial Management Association (HFMA) Certification Preferred. Has a highly developed understanding of coding, billing and compliance practices. Has advanced knowledge of large revenue recognition systems and practice billing systems. Advanced investigational skills, shows attention to detail, accuracy and ability to manage and prioritize multiple tasks. Ability to work independently. Possess initiative, analytical skills, and an ability to operate with a high level of productivity. Demonstrates advanced communication and presentation skills. Ability to work in a team environment and develop constructive working relationships with others. Able to lead others through difficult situations.

•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

  • Professional Development