The Senior Director, Revenue Cycle Management (RCM) leads the post-service revenue cycle operations for the private segment of a multi-site physical therapy organization, ensuring optimal financial performance and a best-in-class patient and provider experience. This role requires a strategic, analytical leader with exceptional problem-solving skills and a tenacity to resolve complex issues, drive root-cause improvements, and deliver measurable results in billing, collections, and cash posting.
Essential Functions
- Leadership & Team Management:
- Provide vision, leadership, and direction to the private revenue cycle organization, cultivating a high-performance culture focused on accountability, ownership, and continuous improvement.
- Build, mentor, and retain a strong, motivated team; establish clear goals and expectations while fostering professional development and succession planning.
- Serve as the subject matter expert and internal champion for revenue cycle operations, ensuring alignment with organizational objectives.
- Operational Oversight:
- Own the full private revenue cycle from billing through collections and cash posting, ensuring accuracy, timeliness, and compliance.
- Monitor and optimize key performance indicators (KPIs) such as Days in A/R, net collection rate, and denial rates to achieve financial targets.
- Partner with the front-end team to implement standardized processes, tools, and technologies to streamline operations and increase efficiency across multiple sites.
- Patient Experience & Satisfaction:
- Partner with front-end teams to create a transparent, patient-friendly financial journey, minimizing billing confusion and improving overall satisfaction.
- Develop policies and procedures that support prompt, clear communication with patients regarding their financial responsibility and account status.
- Denials Management:
- Lead the identification, analysis, and resolution of denials, leveraging data-driven root-cause analysis to implement corrective and preventive actions.
- Collaborate with payers, clinical teams, and internal staff to address systemic denial trends and build resolution strategies.
- Track and report denial rates, recovery efforts, and financial impacts to drive continuous improvement.
- Process Improvement & Compliance:
- Establish a culture of process excellence, leveraging Lean or Six Sigma methodologies to identify gaps, streamline workflows, and eliminate inefficiencies.
- Ensure compliance with all federal, state, and payer regulations, maintaining up-to-date knowledge of industry requirements and trends.
- Proactively prepare for audits and implement corrective action plans as needed.
- Collaboration & Reporting:
- Work cross-functionally with access operations, clinical operations, finance, IT, and compliance teams to support organizational goals and resolve revenue-impacting issues.
- Provide clear, actionable reporting to executive leadership, including trends, performance metrics, and strategic recommendations.
- Act as the liaison with external vendors, partners, and payers to maintain positive relationships and ensure optimal results.
- Strategic Planning & Development:
- Develop and execute long-term revenue cycle strategies that align with the company’s growth objectives and evolving market conditions.
- Evaluate emerging technologies, payer models, and industry best practices to position the organization as a leader in revenue cycle excellence.
- Drive initiatives to scale operations, support new service lines, and enhance profitability.
Required Skills & Abilities:
- Proficiency in Microsoft Word, Excel, Window-based applications.
- Excellent communication and relationship-building skills.
- Must have demonstrated skill in prioritizing daily responsibilities and crises to handle a heavy workload.
- Must be able to work successfully in a fast-paced environment.
- Knowledge of federal and state employment laws and regulations
Required Credentials:
- Bachelor’s degree in Healthcare Administration, Business, Finance, or related field required; Master’s preferred.
- 10+ years of progressive experience in revenue cycle management, with at least 5 years in a senior leadership role within a physical therapy or outpatient healthcare setting is preferred.
- Proven track record of improving financial performance, reducing denials, and driving operational excellence.
- Strong analytical, problem-solving, and decision-making skills with the tenacity to navigate complex issues to resolution.
- Excellent
Expanding Access to Quality Care
At PT Solutions, we’re more than colleagues; we’re a tight-knit community united in our mission to expand access to quality care. Our commitment to you is evident in our industry-leading professional development opportunities. From ongoing evidence-based clinical education to dedicated mentorship opportunities and an APTA-accredited Orthopaedic Residency Program, we propel our clinicians toward excellence in physical therapy, occupational therapy, speech-language pathology, and athletic training.
As we aim to be the go-to rehabilitation provider, we seek committed professionals eager to join us in that mission. A career with PT Solutions is an opportunity to shape the industry and make a lasting impact.
Let’s go further together and transform care. Join the #PTSLife today!
To see what #PTSLife is like, visit Instagram, Facebook, and LinkedIn.