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UO
University of Maryland Faculty Physicians, Inc.
Director of Revenue Cycle Management (Chesapeake Specialty Care)
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What they do
A Revenue Manager manages revenue flows for an organization. Prepares financial statements and business activity and forecasting reports; supervises accounting and preparation of financial reports; advises management with regard to finance decisions.
$138,680 / year median in Maryland
+6% projected growth
Job Description
The Director of Revenue Cycle Management is responsible for overseeing all aspects of the revenue cycle, from patient registration and insurance verification through final payment collection. This leadership role ensures optimal reimbursement, regulatory compliance, and financial performance across all service lines and the ASC. The Director will lead and develop the billing team while implementing best practices to maximize revenue and minimize denials. Essential Functions Oversee end-to-end revenue cycle functions including patient access, charge capture, coding, billing, collections, and payment posting Manage revenue cycle operations for both the medical practice and ambulatory surgery center Monitor and analyze key performance indicators (KPIs) including days in A/R, denial rates, clean claim rates, and collection percentages Develop and implement policies and procedures to optimize revenue capture and reduce claim denials Ensure accurate and timely claim submission across all payer types (commercial, Medicare, Medicaid, workers' comp) Multi-Specialty Billing Oversight Maintain expertise in specialty-specific billing requirements for ENT, Allergy, Audiology, Facial Plastics, and Full Body Plastics procedures Oversee ASC facility billing and ensure proper coordination with professional fee billing Ensure compliance with coding guidelines (CPT, ICD-10, HCPCS) specific to each specialty Manage prior authorization processes, particularly for surgical procedures and implantable devices (hearing aids, cochlear implants, cosmetic vs. reconstructive determinations). Team Leadership & Development Lead, mentor, and develop the billing team Establish performance standards, conduct regular evaluations, and provide ongoing training Foster a culture of accountability, continuous improvement, and excellent customer service Coordinate with Clinical Managers, Surgical Coordinators, and Practice Administrator Compliance & Regulatory Ensure compliance with federal and state healthcare regulations, HIPAA, and payer requirements Stay current on regulatory changes affecting reimbursement (CMS updates, payer policy changes) Conduct regular audits to ensure coding accuracy and billing compliance Manage payer contract analysis and assist with contract negotiations Financial Reporting & Analysis Prepare and present regular reports on revenue cycle performance to leadership and physician owners Identify trends, variances, and opportunities for revenue enhancement Develop and manage departmental budget Collaborate with Practice Administrator on financial planning and forecasting Education and/or experience