Sr. Manager, Revenue cycle Management

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

Working at Abbott 

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to: 

• Career development with an international company where you can grow the career you dream of. 

• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO 

• An excellent retirement savings plan with high employer contribution.

• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree. 

• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.  

• A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.  

The Opportunity  

This position works out of our Orlando Florida, or Livermore CA location in the heart failure division. As the Sr. Manager, Revenue cycle Management you will oversee the planning, organization, and coordination of daily revenue cycle operations to ensure effective processes for Billing, claims processing, revenue collections and overall payment functions including cash posting for all Insurances and patients. Execute Revenue Cycle strategies in alignment with the business objectives. Improve days sales outstanding and collection percentage to meet the cashflow target. Ensure compliance to collection policies within Revenue cycle areas including full responsibility for acquired entities, overseas team management and third party collection agencies.

What You’ll Work On 

• Oversee the planning, organization, direction, implementation, of all claims management processes and controls to ensure the accuracy and timeliness of claim submissions, collections effort and payment distribution in compliance with contractual, state and federal regulations
• Stay updated on insurance industry regulations, policies, and coding standards, ensuring compliance, and implementing necessary changes
• Ensures efficient accounts receivable management. Use routine monitoring reports such as claim submission rates, denial rates, reimbursement trends to oversee the revenue cycle operational functions.
• Identify and address areas of improvement to maximize reimbursement and minimize billing errors. Collaborate with insurance companies, B2B clients and third-party payers to address claims inquiries, appeals, and payment discrepancies.
• Monitors work queues responsible for and develops remediation plans for any backlogs that could occur operationally
• Supervise patient billing and collections staff on a daily basis, including hiring, monitoring productivity standards and departmental training
• Formulate appropriate professional targets for each of the team members. Ensure collection goals for the department are met.
• Attend, participate and lead at required meetings and work groups.
• Foster positive working relationships with internal and external stakeholders, promoting effective communication and collab