November 15, 2024

Streamwood Behavioral Healthcare System

Streamwood

FULL TIME

Director - Illinois Business Center

The Illinois Business Center (CBO) is responsible for the billing and collection of patient revenues generated from assigned behavioral health facilities. The CBO Director oversees all functions of billing and collections for the assigned locations.
Education: Bachelor’s Degree in Business or Health Care Administration desired and/or extensive relevant experience in substance abuse and mental health may be considered in lieu of degree.
Experience: Minimum of five (5) years’ supervisory experience in accounts receivable and business office functions preferred, including experience with insurance companies and a working knowledge of insurance terms, rates, policies and reimbursement procedures preferred. Previous work in a hospital business office or UR experience preferred.
Skills: Demonstrates understanding of patient accounting principles in managing large volume, accounts receivable in a health care related field.
Responsibilities include but are not limited to:

Assumes responsibility for daily management of Accounts Receivable billing and collections.
Monitors and adjust the flow of work and account assignments to ensure billing, collection and account follow up occurs timely and within company established guidelines.
Monitors and analyzes reports daily for the operational success of the business office.
Evaluates registration, insurance verification and cash posting to determine the integrity of data input.
Facilitates the reduction of bad debt.
Demonstrates strong of understanding all third party payer contracts including governmental agencies.
Completes weekly/monthly reporting to management, as required.
Consistently achieves cash collection goal as defined by the organization.
Works collaboratively with the individual CFO’s for the assigned locations to ensure timely communication of needs, challenges and accomplishments.
Conducts staff meetings at regular intervals for informative and educational purposes.
Provides timely guidance and feedback to help others strengthen specific knowledge/skill areas needed to accomplish a task or solve a problem.
Conducts periodic performance appraisals in accordance with company and facility practices.
Follows Best Practice requirements and is responsible for the education of staff in regards to these requirements.
Attends company provided trainings as required.