Chief Revenue Cycle Officer at WVU Medicine: A Comprehensive Overview

WVU Medicine is seeking a dynamic and experienced Chief Revenue Cycle Officer (CRCO) to provide enterprise-wide leadership and strategic oversight for all revenue cycle and health information management (HIM) functions. This critical role ensures alignment with the health system’s financial, operational, and clinical objectives across hospital, clinic, post-acute, and professional revenue cycle activities. The CRCO is responsible for optimizing revenue cycle operations through patient access, revenue integrity, billing, collections, and denials management, while also ensuring health information governance, compliance, and data integrity.

Role Overview

The Chief Revenue Cycle Officer (CRCO) at WVU Medicine is a key executive leader responsible for the overall financial health of the organization. This role requires a strategic thinker with a deep understanding of healthcare finance, revenue cycle management, and health information management. The CRCO will collaborate with finance, operations, IT, compliance, and clinical leadership to enhance financial outcomes, optimize patient experience, and drive system-wide improvements.

This position demands a seasoned professional with a proven track record of leading and transforming revenue cycle operations in a complex, multi-hospital healthcare system. The ideal candidate will possess strong expertise in Epic or other enterprise revenue cycle and HIM platforms, as well as a demonstrated ability to leverage data-driven decision-making to achieve financial goals.

A Day in the Life

A typical day for the CRCO at WVU Medicine might include:

• Meeting with revenue cycle directors and managers to review performance metrics and discuss improvement strategies.
• Collaborating with IT leaders to optimize revenue cycle technology and automation solutions.
• Working with compliance officers to ensure adherence to regulatory requirements and coding guidelines.
• Analyzing data to identify trends and opportunities for revenue cycle optimization.
• Developing and implementing policies and procedures to improve revenue cycle efficiency and accuracy.
• Presenting revenue cycle performance reports to senior leadership and the board of directors.
• Meeting with clinical leaders to address documentation and coding issues.
• Reviewing and approving revenue cycle budgets and financial plans.
• Participating in strategic planning initiatives to align revenue cycle goals with the organization's overall objectives.
• Leading and mentoring revenue cycle and HIM teams.

Why Morgantown, West Virginia?

Morgantown, West Virginia, offers a unique blend of small-town charm and big-city amenities. As the home of WVU's main campus, Morgantown has a vibrant cultural scene, with numerous restaurants, shops, and entertainment venues. The city is also known for its outdoor recreational opportunities, including hiking, biking, and water sports on the nearby Monongahela River.

Living in Morgantown provides a high quality of life with a relatively low cost of living. The area boasts excellent schools, safe neighborhoods, and a friendly community. WVU Medicine is a major employer in the region, offering stable employment opportunities and competitive salaries.

Career Path

The Chief Revenue Cycle Officer position at WVU Medicine offers significant opportunities for career advancement. Successful performance in this role could lead to further executive leadership positions within the organization, such as Chief Financial Officer or Chief Operating Officer. WVU Medicine is committed to developing its employees and providing opportunities for growth and advancement.

Salary & Benefits

The estimated salary range for the Chief Revenue Cycle Officer position at WVU Medicine is $175,000 to $300,000 per year, commensurate with experience and qualifications. In addition to a competitive salary, WVU Medicine offers a comprehensive benefits package, including:

• Comprehensive health insurance plans (medical, dental, vision).
• Generous paid time off (PTO) and vacation policy.
• Retirement savings plan with employer matching contributions.
• Life insurance and disability coverage.
• Flexible spending accounts (FSA) for healthcare and dependent care expenses.
• Employee assistance program (EAP) for confidential counseling and support.
• Wellness programs and resources to promote employee health and well-being.
• Professional development opportunities and tuition reimbursement.
• Employee discounts on WVU Medicine services and products.
• Relocation assistance for eligible candidates.
• Sign-on bonus for eligible candidates.

WVU Medicine Culture

WVU Medicine is committed to providing high-quality, patient-centered care. The organization fosters a culture of teamwork, collaboration, and innovation. Employees are encouraged to contribute their ideas and expertise to improve patient outcomes and organizational performance. WVU Medicine is also dedicated to diversity and inclusion, creating a welcoming and supportive environment for all employees.

How to Apply

To apply for the Chief Revenue Cycle Officer position at WVU Medicine, please click the "Apply" button located at the top of this page. Complete the application in full and be sure to attach your resume and cover letter. We look forward to reviewing your application.

Frequently Asked Questions (FAQ)

1. What are the key responsibilities of the Chief Revenue Cycle Officer? The CRCO is responsible for overseeing all revenue cycle and health information management functions, ensuring alignment with the health system’s financial, operational, and clinical objectives.
2. What qualifications are required for this position? A Bachelor’s degree in Accounting, Finance, Business, Health Information Management, or a related field is required. Ten (10+) years of progressive leadership experience in revenue cycle and HIM operations is also required.
3. What is the preferred education and certification for this role? A Master’s degree (MBA, MHA, or equivalent) is preferred. Relevant certifications such as Certified Revenue Cycle Executive (CRCE), Certified Professional Coder (CPC), or Registered Health Information Administrator (RHIA) are highly desirable.
4. What is the salary range for this position? The estimated salary range for the Chief Revenue Cycle Officer position at WVU Medicine is $175,000 to $300,000 per year, commensurate with experience and qualifications.
5. What benefits does WVU Medicine offer? WVU Medicine offers a comprehensive benefits package, including health insurance, paid time off, retirement savings plan, life insurance, and more.
6. What is the culture like at WVU Medicine? WVU Medicine fosters a culture of teamwork, collaboration, and innovation. The organization is committed to providing high-quality, patient-centered care.
7. What opportunities for career advancement are available at WVU Medicine? WVU Medicine is committed to developing its employees and providing opportunities for growth and advancement. Successful performance in the CRCO role could lead to further executive leadership positions.
8. Where is the Peak Health Administrative Building located? The Peak Health Administrative Building is located in Morgantown, West Virginia.
9. What is the work environment like? The work environment is collaborative and fast-paced. The CRCO will work closely with various departments and leaders across the organization.
10. How does WVU Medicine support employee well-being? WVU Medicine offers wellness programs, employee assistance programs, and resources to promote employee health and well-being.