Consultant, Revenue Cycle

Job Description

Consultant, Revenue Cycle

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action- and results-oriented professionals in over 40 countries. We take a hands‑on approach to solving our clients’ problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

The Healthcare Industry Group, a subsidiary of A&M, is at the forefront of delivering transformational change to the healthcare industry. Known as an established leader that delivers tangible results for healthcare executives, boards, private equity firms, investors, law firms and government agencies, our professionals advise organizations on financial and operational performance improvement, strategic growth and unlocking value across the investment lifecycle.

Our team provides additional expertise in interim management, restructuring, revenue cycle management, mergers and acquisitions, compliance and regulatory, digital technology and analytics.

You will have the opportunity to work with clients in a variety of sectors including health systems and providers, physician groups, ancillary providers, medical schools, vision, laboratory, dental and behavior health; managed care and health plans, government plans and programs, healthcare investors and lenders, medical devices, healthcare suppliers and infrastructure, and life sciences.

As a consultant, you will be working closely with healthcare clients on a range of complex assignments. You will work in a team environment while using your independent judgment and critical‑thinking skills to provide practical solutions and add value for our clients.

Revenue cycle projects may include, but are not limited to due diligences, performance assessments, enterprise performance improvement, full‑scale implementations, and interim management for a broad range of healthcare providers and supporting services companies. Depending on the client project the responsibilities of a consultant may typically include:

• Building and maintaining financial and operational models to assess client performance.
• Benchmarking internal and external data.
• Mapping out processes and managing both client and internal projects.
• Conducting client interviews and observations to define current state and capture actionable items for improvement.
• Creating flowcharts or process maps to visually represent how tasks are currently being performed from patient registration to final payment resolution.
• Analyzing and sampling data for root cause analysis.
• Implementing leading‑practice workflows across the full scope of revenue cycle operations. Preparing and communicating client‑ready deliverables. Assisting with the development of presentations, pitch and proposal content.

• High‑energy individuals with a passion for healthcare and solving complex issues.
• Minimum of three (3) years of prior work experience in healthcare, consulting or a relevant healthcare industry such as revenue cycle, hospital, accounting, audit, private equity, or healthcare operations.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH.
• Advanced Microsoft Excel, PowerPoint, and Word skills a must; experience with Tableau, SQL, SPSS, Power BI, Action O‑I benchmarking, MGMA survey data are a plus.
• Knowledge of Revenue Cycle systems, operations, and regulations. Experience with workflow redesign and system implementation is preferred.
• Prior experience with revenue cycle in a hospital or larger health system.
• Experience with healthcare revenue cycle issues and solutions for improvement related to increasing collections, reducing DSOs, increasing efficiencies and detailed knowledge of government and third‑party payors.
• Excellent verbal and written skills, with the ability to communicate with and present information to all…