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Revenue Manager

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London, Greater London, United Kingdom Royal National Orthopaedic Hospital NHS Trust Full time
Revenue Analyst Job Description

We are seeking a highly skilled Revenue Analyst to join our team at the Royal National Orthopaedic Hospital NHS Trust. As a key member of our Private Care Division, you will play a crucial role in ensuring the efficient and effective management of our revenue streams.

Key Responsibilities
  • Supervise and manage the billing department, ensuring accurate and timely invoicing and revenue monitoring.
  • Develop and implement strategies to improve revenue capture and reduce billing delays.
  • Collaborate with our outsourced billing partner to ensure seamless operations and optimal revenue management.
  • Provide financial analysis and insights to inform business decisions and drive growth.
  • Manage and maintain invoicing policies and procedures, ensuring compliance with relevant regulations and legislation.
Operational Responsibilities
  • Develop and implement a programme of transformation within the Private Care billing department to ensure it is high-functioning and efficient.
  • Lead monthly meetings with insurance providers and embassies to discuss billing issues and resolve disputes.
  • Manage the billing and credit control function to ensure it is efficient and continuously improved to maximise revenue capture.
  • Ensure that all Consultant payments are properly compliant with CMA regulations and that there are clear contractual terms in place to govern them.
Leadership Responsibilities
  • Manage and be accountable for the proactive management of relationships with sponsors of Private Care and its suppliers.
  • Support on contract negotiations with sponsors of Private Care to secure profitable pricing and ensure timely financial uplifts.
Communication Responsibilities
  • Communicate effectively with key stakeholders, including Consultants, their private medical secretaries, prospective patients, embassies, referrers, and other third-party sponsors.
  • Clearly communicate changes in process and policies to key stakeholders and keep them abreast of any relevant developments and changes within the finance function.
People Management Responsibilities
  • Provide support, guidance, and development opportunities for staff, with clear and consistent feedback.
  • Ensure that all staff have annual appraisals, meet mandatory training requirements, have structured performance reviews, and that clear performance-related objectives are set.

This is an exciting opportunity to join our team and contribute to the growth and success of the Royal National Orthopaedic Hospital NHS Trust. If you are a motivated and experienced Revenue Analyst looking for a new challenge, please apply today.