Revenue Cycle Revenue Integrity Business Director Director (Finance)
Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Job Description:
At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.
We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.
The Impact You'll Make in this Role
Solventum is seeking a Revenue Cycle Operations Manager
Solventum (HIS) is the world leader for innovating the language of health and delivers comprehensive software and consulting services. We transform ideas into products and services that help customers add efficiency to their operations and, in turn, deliver better service to patients. The magic of Solventum innovation happens when smart, creative people collaborate to break new ground, solve a problem or create a solution that improves or saves lives.
- Responsible for managing the day-to-day operations functions of the Revenue Cycle business
- These functions include but are not limited to:
- Work with the implementation team to track and monitor the status of projects . Work with the business leaders to escalate stalled or problem projects for resolution
- Work with each business leader and VP to measure and track business success levers and make recommendations and take action to support changes to meet our business expectations
- Help assist Product owners with NPI requirements and work with NPI leaders to ensure we are reporting and tracking correctly
- Work with the financial lead for the business to ensure that we are predicting performance correctly, uncovering areas needed to fill the gap and communicating expected vs. actual financial results with the business leaders
- Report on sales pipeline and contract receipt performance looking for trends or product areas to focus on for new sales programs with the product owners
- Manage certain business partner tracking, relationships and contract expectations as assigned
- Align with all business leaders in the division to ensure we are measuring and managing to expectations
- Participate in business Leadership Operating Committed (LOC) providing information and input on business success factors
- Participate in pricing and sku strategies/development
Your Skills and Expertise
To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:
- Bachelor's Degree or higher from an accredited university and a minimum of 12 years of experience in a healthcare related field or in related business
OR
- High School Diploma/GED from an accredited institution and a minimum of 16 yrs of experience in a healthcare related field or in related business
- Minimum 5+ years' experience working within the HIS division
- Minimum 5+ years working with Solven tum's /3M leaders and products
Additional qualifications that could help you succeed even further in this role include:
- Master's degree in business or technical related field
- Minimum 10+ years' experience working within the HIS division
- Understanding of the Revenue Cycle P&L
- Familiar with Solventum's commercialization NPI program
- Proven ability to delegate effectively
- Must have good work /life balance skills accompanied by the ability to recognize one's own signs of stress and manage them well
Travel: May include up to 25% domestic
Relocation: No
Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).
Supporting Your Well-being
Solventum offers many programs to help you live your best life - both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.
Onboarding Requirement: To improve the onboarding experience, you will have an opportunity to meet with your manager and other new employees as part of the Solventum new employee orientation. As a result, new employees hired for this position will be required to travel to a designated company location for on-site onboarding during their initial days of employment. Travel arrangements and related expenses will be coordinated and paid for by the company in accordance with its travel policy. Applies to new hires with a start date of October 1st 2025 or later.
Applicable to US Applicants Only:The expected compensation range for this position is $207,348 - $253,425, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards
Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.
Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process. Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.
Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.
Please note, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.
Solventum is an equal opportunity employer. Solventum will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.
Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.
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