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Business Office Directors from Hospitals Trends targets executives responsible for patient registration and admissions; billing, insurance, and collections; financial counseling and financial reporting. These managers manage accounts receivable, monitor bad debt and contractual losses, establish policies regarding billing, collections, and payment plans. A main objective is to ensure patients’ satisfy their financial obligation to the hospital.
The Business Office manager is responsible for the electronic submission of claims to Medicare, Medicaid, and other health insurance companies. They must stay current on insurance regulations and changes. Preparation of the annual operating and capital budget also falls to them. These executives must be organized and detail oriented to manage multiple departments as well as staff and vendors.
These managers are employed by hospitals that are local, state, federal, church, military or corporately owned. The institutions Business Office Director’s daily activities vary greatly based on bed size, number of patients they care for and whether the institution is a long term acute care, physical rehabilitation, psychiatric, children’s, or general medical/surgical hospital. Business Office Directors rely on new technology enhancements, continuing education programs, learning new managerial skills and techniques, attending trade shows, and reading medical and business journals to stay current in their field.
This target is made up of professional, intelligent, well-educated, driven, and ambitious individuals. Most belong to professional and community organizations, and they are leaders, volunteers and role-models in the community. They are well-read, keeping up on business and healthcare trends through journals, articles, magazines, and publications. They do a considerable amount of business travel to medical conventions, conferences, and meetings.
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