Job Posting: Research Business Services Specialist I
At the Minneapolis Heart Institute Foundation (MHIF), a Research Business Services Specialist I plays a key role in maintaining the financial accuracy and operational integrity that support groundbreaking cardiovascular research, education, and patient care. In this role, you do more than process or manage billing—you ensure timely reimbursements, uphold compliance standards, and provide the financial insight that strengthens MHIF’s mission to advance heart health and save lives.
The Research Business Services Specialist I supports financial compliance and operational efficiency in support of the Minneapolis Heart Institute Foundation’s mission and the financial integrity of the organization’s clinical research portfolio. This role is responsible for reviewing clinical trial billing, conducting coverage analyses, and ensuring adherence to federal, state, and institutional regulations and requirements. Ideal candidates for this role have a strong background in healthcare billing and coding and clinical research operations, with a focus on accuracy and compliance.
Key Responsibilities:
- Manage overall process for revenue and expenses tracking for clinical research studies.
- Oversee day-to-day activities for research study financial management, including invoicing, cash application, and accounts receivable management.
- Perform Medicare Coverage Analysis (MCA) for portfolio of new and ongoing clinical trials.
- Review, process, and reconcile clinical trial-related charges to ensure proper billing to sponsors, payers, and/or patients, in partnership with key stakeholders.
- Consult clinical research staff to review complex patient billing encounters.
- Serves as key contact for management of research billing compliance issues, serves as subject matter expert with respect to research billing, provides guidance and training to staff as needed.
- Review and process subject travel, accommodations, and stipends.
- Review and process other study expenses, including IRB invoices, pharmacy, lab, and other ancillary charges, and administrative expenses.
- Facilitate financial clearance and prior authorizations for patient visits as needed.
- Enter administrative revenue activities into Clinical Trial Management System (CTMS) platform.
- Support Finance receivables management, system inquiries, and reporting, as needed.
- Utilize EMR, Finance, and CTMS platforms to track research-related services and billing.
- Partner with key stakeholders to prevent double billing and ensure compliance with CMS, FDA, and HIPAA regulations.
- Other duties as assigned – this position may support other functions as required by business need. This job description represents the major functions of the position but is not intended to be all-inclusive.
Core Values in Action
At MHIF, our values guide how we lead and work together:
- Integrity: Do the right thing, even when it's hard. Operate ethically and transparently.
- Innovation: Ask bold questions. Be proactive and curious in improving how we work.
- Collaboration: Support one another, build trust, and celebrate success as one team.
- Excellence: Own your work. Be accountable. Bring urgency and resilience to solving problems.
What Sets You Apart
Required
- Associate’s degree in accounting, finance, business, or related field, or equivalent combination of education and experience.
- 5+ years of experience in clinical research billing, revenue cycle management, or research finance.
- Knowledge of medical billing and coding, including CPT/HCPCS coding, NCT numbers, and routine v. research costs.
- Familiarity with Medical guidelines, clinical trial agreements, and informed consent billing language.
- Familiarity with insurance coverage determinations.
- Proficiency in MS Office suite, with strong Excel skills.
- Proficiency in EHR systems (e.g., Epic) and CTMS platforms (e.g., RealTime, OnCore)
- Strong analytical thinking, communication, organization, and customer service skills.
Total Rewards
In addition to meaningful, mission-driven work, MHIF offers:
- Competitive salary: $55,000-$65,000
- Comprehensive benefits including: Medical, dental, and vision insurance
- Life, short- and long-term disability
- Employer HSA contribution
- 401(k) with employer match and contribution
- Generous PTO, paid holidays, and parental leave
- Tuition reimbursement and paid volunteer time
Why Join MHIF?
“Small team. Global impact.”
Here, your work has purpose. Your voice is heard. Your career can grow. We are driven by discovery and grounded in compassion—and we’re looking for someone who brings both heart and expertise to the table.
Ready to do work that matters?
MHIF is an equal opportunity employer and values a diverse and inclusive workplace.
Date posted: November 3, 2025
