Regional business office manager

Bedrock Healthcare
Watertown, WI Full Time
POSTED ON 3/6/2024

A Nursing Home Regional Business Office Manager is a crucial role responsible for overseeing financial and administrative functions within multiple nursing home facilities within a specified region.

Financial Management:

    • Develop and manage budgets for each nursing home in the region.
    • Monitor financial performance, analyze variances, and implement corrective actions as needed.
    • Ensure compliance with financial policies and procedures.
  1. Billing and Revenue Cycle:

    • Oversee billing processes and ensure timely and accurate submission of claims.
    • Collaborate with billing staff to address and resolve billing issues.
    • Optimize revenue cycle management to maximize reimbursement.
  2. Staff Supervision and Training:

    • Manage and lead the business office staff across multiple locations.
    • Provide training and development opportunities to enhance staff skills.
    • Conduct performance evaluations and address any performance issues.
  3. Compliance and Regulatory Affairs:

    • Ensure compliance with state and federal regulations related to healthcare finance.
    • Stay updated on changes in regulations and implement necessary adjustments.
    • Collaborate with legal and compliance teams to address any compliance issues.
  4. Financial Reporting:

    • Generate and analyze financial reports for senior management.
    • Present financial performance and key metrics to leadership teams.
    • Provide recommendations for improving financial outcomes.
  5. Vendor and Contract Management:

    • Negotiate contracts with vendors and service providers.
    • Monitor vendor performance and address any issues.
    • Optimize cost-effectiveness of contracts and services.
  6. Collaboration with Department Heads:

    • Work closely with nursing home administrators and department heads to align financial goals with operational objectives.
    • Provide financial guidance and support for decision-making.
  7. Risk Management:

    • Identify financial risks and develop strategies to mitigate them.
    • Collaborate with risk management teams to address potential issues.
  8. Ad Hoc Projects:

    • Undertake special projects or initiatives related to financial improvement or efficiency.
  9. Communication:

    • Communicate financial goals, policies, and procedures to staff.
    • Foster a collaborative and communicative environment within the business office.

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Salary.com Estimation for Regional business office manager in Watertown, WI
$132,732 to $181,162
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