Rite Aid is a full-service pharmacy that improves health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of vehicles that offer convenience, including retail and delivery pharmacy, as well as services offered through our wholly owned subsidiaries, Elixir, Bartell Drugs and Health Dialog. Elixir, Rite Aid’s pharmacy benefits and services company, consists of accredited mail and specialty pharmacies, prescription discount programs and an industry leading adjudication platform to offer superior member experience and cost savings. Health Dialog provides healthcare coaching and disease management services via live online and phone health services. Regional chain Bartell Drugs has supported the health and wellness needs in the Seattle area for more than 130 years. Rite Aid employs more than 6,300 pharmacists and operates more than 2,300 retail pharmacy locations across 17 states.

Job description

The primary purpose of this position is to develop and maintain a revenue system of reporting and analysis that measures and monitors the Company's cash receipts of Third-Party Insurance claims (70% ($9 Billion) of the Company's revenue). This ensures the Company's cash collections and accounts receivable aging are appropriate and timely, thereby reducing the company's bad debt expense and increased cash flow.

Oversee and support the daily operations of all revenue cycle cycle management functions. Specifically, a) Payer latency, non-payments, and short payments. B) Identification of Third-Party System process issues.
Manage key reporting and analysis activities which support the company's overall strategic goal of reducing the company's expenses, specifically bad debt expense. This will include monitoring of accounts receivable aging reports, days sales outstanding, Company's bad debt waterfall schedules, and borrowing base analysis for the Company’s secured debt.
Provide executive reporting on key Healthcare revenue metrics and key performance indicators (KPI) to ensure awareness of the company’s liquidity status.
Identifies areas for improvements and drives change initiatives to improve overall Revenue Cycle Management operations and financial outcomes

EDUCATION REQUIREMENTS

Education Level

Area of Specialization (Marketing, Finance, Pharmacy, Engineering/IT, etc)

Required Or Preferred

Bachelor Degree

Business or Related field; or equivalent combination of education and experience

Required

WORK EXPERIENCE

Experience

Areas of Experience (Pharmacy, Compliance, E-commerce, Retail, etc)

Required Or Preferred

10 years of experience in Healthcare Revenue Cycle and Accounting

Required

5 years of experience in Pharmacy Claims Processing

Required profile