Full-Time

Billing Strategy Lead

Posted on 11/15/2024

Natera

Natera

1,001-5,000 employees

Genetic testing and diagnostics solutions

Biotechnology
Healthcare

Compensation Overview

$114.4k - $143kAnnually

Senior

Austin, TX, USA

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Power BI
SQL
Data Analysis
Snowflake
Requirements
  • Bachelor’s degree in business, economics, health sciences, or a related field, or equivalent experience.
  • 8+ years of experience in business administration, healthcare billing, insurance, or related fields, with specific experience in revenue cycle management.
  • 3-4 years of experience in data analysis, report development, and providing actionable recommendations to leadership.
  • Proficiency with Power BI, Excel, and Snowflake for analytics and data visualization.
  • Basic SQL knowledge for querying databases (not required but preferred).
  • Strong problem-solving abilities, with experience in data validation and reconciliation.
  • Ability to communicate complex data insights to both technical and non-technical stakeholders.
  • Proactive, self-motivated, and skilled at managing multiple priorities in a fast-paced environment.
Responsibilities
  • Oversee billing projects and processes to ensure timely claim submissions, performing continuous monitoring and analysis to identify bottlenecks and areas for improvement.
  • Conduct root cause analysis on where claims are stalled prior to submission and develop strategies for faster, more efficient claim flow.
  • Leverage data analysis tools like Power BI, Excel, and Snowflake to identify trends, visualize data, and track performance metrics.
  • Design and implement data visualizations and reports (e.g., PowerPoint) that convey insights and recommendations for executive leadership.
  • Analyze and interpret revenue cycle data, identifying opportunities to reduce financial losses from delays in claim filing.
  • Partner with IT and operations teams to optimize system workflows, prioritize case handling, and improve visibility around case movement.
  • Work collaboratively with Medical Billing, Coding, and other departments to ensure alignment on billing strategies and processes.
  • Proactively initiate analysis on new and existing data, communicating findings and actionable insights that enhance billing and revenue operations.
  • Conduct ongoing audits and track outcomes of implemented improvements to ensure sustained billing process enhancements.

Natera focuses on genetic testing and diagnostics, providing advanced solutions for cancer patients, transplant patients, and individuals assessing hereditary health risks. Their main technology is cell-free DNA (cfDNA) testing, which analyzes DNA fragments in the blood to detect minimal traces of cancer and assess organ health. Natera stands out by offering specialized tests like the Signatera ctDNA test and Panorama NIPT, along with genetic counseling services. The company's goal is to improve patient care through precise genetic insights.

Company Stage

IPO

Total Funding

$149.9M

Headquarters

Austin, Texas

Founded

2004

Growth & Insights
Headcount

6 month growth

8%

1 year growth

24%

2 year growth

61%
Simplify Jobs

Simplify's Take

What believers are saying

  • Natera's continuous innovation, such as the launch of the Prospera Heart test with DQS, demonstrates its commitment to improving patient outcomes and maintaining market leadership.
  • The company's diverse product offerings across oncology, transplant health, and women's health provide multiple revenue streams and reduce dependency on a single market.
  • Significant investments from entities like Massachusetts Financial Services Co. MA indicate strong financial backing and confidence in Natera's growth potential.

What critics are saying

  • Allegations of deceptive sales and billing practices could damage Natera's reputation and lead to legal and financial repercussions.
  • The highly competitive nature of the genetic testing market requires constant innovation and differentiation to maintain market share.

What makes Natera unique

  • Natera's focus on cell-free DNA (cfDNA) technology for a wide range of applications, from oncology to prenatal screening, sets it apart from competitors who may specialize in only one area.
  • The introduction of unique features like the Donor Quantity Score (DQS) for transplant rejection detection enhances the accuracy and reliability of their tests, distinguishing them from other genetic testing companies.
  • Natera's extensive portfolio of over 200 peer-reviewed publications underscores its commitment to scientific validation and credibility, which is a significant competitive advantage.

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Benefits

Flexible medical plans

Investment options

Time off

Workplace perks