Address
Form of work
SalaryA 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.
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.
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.
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.
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.
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.
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.
Risk Management:
- Identify financial risks and develop strategies to mitigate them.
- Collaborate with risk management teams to address potential issues.
Ad Hoc Projects:
- Undertake special projects or initiatives related to financial improvement or efficiency.
Communication:
- Communicate financial goals, policies, and procedures to staff.
- Foster a collaborative and communicative environment within the business office.
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