Sr Director Contracts - Revenue Cycle
The Senior Director of Contracts for Treasury and Revenue Cycles will oversee and manage all aspects of contract development, negotiation, and execution related to treasury and revenue cycle operations within our healthcare organization. This role involves leading a team of contract managers, collaborating with cross-functional departments, and ensuring alignment with the company's financial and strategic goals. The ideal candidate will bring extensive experience in contract management, deep understanding of healthcare revenue cycles, and a strategic mindset to drive operational excellence.
Key Responsibilities:
Leadership and Strategy:
- Develop and implement strategic plans for the contracting function within treasury and revenue cycles.
- Lead and mentor a team of contract managers and analysts, fostering a culture of high performance and continuous improvement.
- Provide expert guidance on contract-related matters to senior leadership and other stakeholders.
Contract Development and Negotiation:
- Oversee the drafting, review, and negotiation of contracts to ensure compliance with legal, regulatory, and company standards.
- Develop standard contract templates and processes to streamline operations and mitigate risks.
- Lead complex contract negotiations with vendors, payers, and other third parties to secure favorable terms and conditions.
Compliance and Risk Management:
- Ensure all contracts are compliant with applicable laws, regulations, and company policies.
- Identify and mitigate risks associated with contract terms and conditions.
- Implement best practices for contract management to minimize financial and operational risks.
Cross-functional Collaboration:
- Work closely with finance, legal, procurement, and other departments to align contract management activities with overall business objectives.
- Partner with revenue cycle management teams to optimize revenue generation and cash flow through effective contract management.
Performance Monitoring and Reporting:
- Establish key performance indicators (KPIs) to measure the effectiveness of contract management processes.
- Prepare and present regular reports to senior leadership on contract performance, risks, and opportunities for improvement.
- Drive continuous improvement initiatives to enhance contract management efficiency and effectiveness.
Financial Oversight:
Collaborate with the finance team to ensure accurate budgeting, forecasting, and financial analysis related to contract activities.
Monitor and manage the financial impact of contracts on the company's revenue and expense streams.
Qualifications:
- Bachelor's Degree in Business Administration, Finance, or a related field.
- Minimum of 10 years of experience in contract management.
- In-depth knowledge of healthcare revenue cycle processes and financial operations.
- Proven track record of successful contract negotiation and management.
- Strong leadership and team development skills.
- Excellent analytical, problem-solving, and decision-making abilities.
- Superior communication and interpersonal skills.
- Ability to work effectively in a fast-paced, dynamic environment.
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