McKinsey & Company Specialist Consultant - Revenue Cycle, Healthcare in Summit, New Jersey
Undergraduate degree; Advanced degree a plus, ideally in a quantitative discipline (i.e. statistics, mathematics, economics, operations research, engineering, computer science) or healthcare discipline.
2-4 years of professional experience in a healthcare environment with end-to-end revenue cycle transformation experience, including patient access, coding, Clinical Documentation Improvement CDI, billing, A/R management, and related IT systems
History and/or exposure to managing projects or programs that significantly improved revenue cycle performance, e.g., improved patient collections, reduced denial write-offs, increased accuracy of clinical documentation and coding, accelerated back-end cash collections, etc.
Familiarity with revenue cycle technology assets and concepts, e.g. point solutions, data interchange, etc, ideally with exposure to product development or implementation
Enthusiasm for analytically intensive work, and learning about analytics, technology and healthcare
Understanding of statistical and advanced analytics methods, e.g. descriptive statistics, predictive analytics, machine learning
Confidence sharing your views and perspectives with senior clients and colleagues
Ability to multi-task, work under pressure and deliver accurate and high volume results on tight deadlines
Ability to work collaboratively in a team environment
Comfortable traveling 80% to client sites
Who You'll Work With
You'll work with in one of our US offices and be part of McKinsey's Healthcare Practice. Our healthcare practice is home to 500+ colleagues in North America consisting of consultants, deep content and technical experts, technologists, and operational leaders. We come together, as blended and diverse consulting teams to improve healthcare. Our healthcare practice serves North American payors, providers and services companies and works with both public sector and private sector healthcare organizations.
Our practice is organized around domains, which house intellectual property and expert practitioners, Centers of Excellence, and cross-functional special teams working to bring a distinctive approach to our clients in practice priority areas like digital and analytics. This position will be a part of the Revenue Excellence domain, with distinctive capabilities in the areas of revenue cycle management, pricing and growth.
You will be on a team working on end to end revenue cycle transformations, including patient access, coding, clinical documentation, billing, A/R management, and related IT systems. You will manage projects or programs that significantly improve revenue cycle performance, such as improved patient collections, reduced denial write-offs, increased accuracy of clinical documentation and coding, accelerated back-end cash collections, as well as drive development of technology assets that help our client teams fulfill these goals.
What You'll Do
You will work directly with client leaders and front-line operators to drive change that is critical to successful realization of goals.
Our consulting teams provide problem-solving support, industry expertise, individual and group coaching, and change management sessions. Together with our team, you will be a part of providing our clients with cutting edge end-to-end solutions in growth, revenue cycle management, and managed care pricing that improve revenue for health systems.
In this role, you will be supporting healthcare providers with growing volume, optimizing price and capturing value. Our engagements are typically focused on growth solutions that leverage cutting edge assets and expertise, Revenue Cycle Management capabilities across the value chain to ensure maximum value capture, or pricing capabilities that enable providers to excel along the full managed care contracting life cycle. You will be working on topics such as increasing payer yield, improving mid-cycle performance, or reducing cost to collection.
You will ensure that success is a priority with our clients. We engage at a deep level across our clients' businesses, working in small teams to build the capabilities, systems, and processes needed to deliver bottom-line results and then ensure those results are sustainable. Our work is about problem solving, coaching, and delivering lasting outcomes to our healthcare clients.
Equal Opportunity Employment Disclaimer
McKinsey & Company is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status, and other protected characteristics.