Revenue Management Specialist

2 weeks ago

London, Greater London, United Kingdom NHS Full time
Job Summary

We are seeking a highly skilled Revenue Management Specialist to join our team at the Royal National Orthopaedic Hospital NHS Trust. The successful candidate will be responsible for protecting our revenue through effective billing operations and ensuring that internal controls and systems are in place to facilitate revenue capture and assurance.

This is a full-time role (37.5 hours) and would suit a part or fully qualified CCAB accountant with a strong analytical background and commercial acumen.

Main Responsibilities

The Revenue Management Specialist will be responsible for the planning, supervisory oversight, and management of all facets of the billing department within the Private Care Unit. The successful candidate will prepare and present management information on a broad range of financial and administrative issues.

Key responsibilities include:

  • Responsible for supervisory oversight and management of all facets of the billing department including invoice processing, revenue monitoring, and quality improvement initiatives.
  • Manage the detailed daily activities of the inpatient and outpatient invoicing including supervising and executing daily invoicing processes.
  • Complete appropriate sample audits of billing to margin analysis to ensure profitability of services provided.
  • Monitor and report on the performance of the Division against the targets on a monthly basis, ensuring that transactions are properly allocated, and plans remain reflective of the operational function of the business.
  • Work closely with our outsourced Billing Partner to ensure that Private Care's billing functions are efficient, accurate, and effective.
  • Support billing audits and examinations. Create and monitor unbilled monthly reports and resolve billing delays.
  • Use commercial analysis to advise the Management team on the strategic direction of Private Care.
  • Proactively monitor the market to ensure that our pricing strategy delivers maximum value for the business, whilst simultaneously ensuring that we remain competitively priced.
  • Support the development of self-pay package prices for simple procedures and a mechanism to ensure that price estimates for more complex procedures are highly accurate.
  • Manage the process of payment allocation including supervising the daily and monthly allocation of payments and end of day reports.
Requirements

To be successful in this role, you will need:

  • Educated to degree level
  • Part or fully qualified CCAB accountant
  • Evidence of and commitment to continuous professional development
Experience

We are looking for a candidate with a minimum of three years' experience in a finance role within the private sector. The successful candidate will have proven competence in data analysis, forecasting, budget management, internal control, and compliance.

Strong analytical skills and commercial acumen, with demonstrable ability to identify and scope opportunities to enhance performance or drive for business growth, are essential.

Previous experience of having worked in a private healthcare environment in a finance role is highly desirable.

Skills

The successful candidate will have:

  • Excellent communication skills and use of written and spoken English
  • Confident and professional manner
  • Polite, friendly, and a presentable appearance
  • Professional use of email as a communication channel
  • Ability to build meaningful relationships and influence key stakeholders at all levels of the organisation and externally
  • Confident problem-solver, willing to change processes and challenge ways of working to better meet the needs of the business
  • Good time management and organisational skills
  • Ability to prioritise tasks and deal with competing tasks simultaneously
  • Confident and motivated self-starter, able to work autonomously or as part of a team
  • Proficient and confident user of Microsoft Office
  • Generally technologically savvy and able to adapt to new systems quickly
  • Proficient use of Excel, able to present data accurately and concisely and to form conclusions to support decision making
  • Ability to understand and analyse data and identify key points to highlight and present to others in a meaningful way
  • Advanced MS Excel skills
  • Awareness of NHS policies, practices, and how its financial services function
Disclosure and Barring Service Check

This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.

Royal National Orthopaedic Hospital NHS Trust

£51,883 to £58,544 a year per annum inclusive HCAs

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