Accounting/Finance

Title: Financial Analyst II

Location: REMOTE

Duration: Till 07/28/2024 (Temp to Perm)

Position Summary:

Reporting to the Reimbursement Manager, this position participates in several key accounting and finance responsibilities including the appropriate accounting of revenues, analytical reviews, and internal reporting.

This position performs the revenue month-end close as well as reconciliation of patient accounts receivable and revenue accounts. The Senior Revenue Accountant will work closely with Finance, Payor Contracts, and Revenue Cycle teams to ensure accurate reflection of the net revenue and patient accounts receivable. This position is also responsible for analyzing and communicating the net revenue and patient accounts receivable performance; this includes internal reporting and analysis on Days in AR, Write Offs, Allowance for Bad Debts, Gross to Net Revenue and various Patient Receivable Ratios.

Essential Functions:

Develop and maintain the patient accounts receivable valuation template tool to appropriately value net patient accounts receivable and related net revenue, contractual allowances, allowance for bad debts and charity allowance calculations.

Responsible for the preparation and accuracy of the patient A/R reserve calculations through collaboration with Payor Contracts and Revenue Cycle teams. (eg: settlement, aged collections, allowance for bad debt, etc)

Prepare all necessary adjustment entries for month-end in accordance with the company's revenue recognition policy and reconciliation of patient AR and revenue accounts.

Provides necessary analysis and communications specific to net revenue performance as reported on interim/annual financial statements; provides management with insightful information vital to the operational decision-making process.

Understand the assumption of Net Revenue projections for the annual operating budget and various periodic forecasts.

Develop recommendations regarding a variety of revenue valuation issues.

Establish and ensure compliance with Accounting and Reporting Manual policies and procedures, implements common accounting practices and accurate financial reporting for Patient Accounts Receivable and Patient Revenue.

Work with Revenue Cycle staff to share information, identify issues around performance, trends, etc to ensure optimal use of Net Revenue accounting template tool as well as integrity in the numbers.

Assist Management in initiating and improving processes and procedures to enhance productivity and efficiency

Participation in special revenue related projects and performing additional duties as required.

Follows established and department policies, procedures, objectives, performance improvement, attendance, safety, environmental, and infection control guidelines, including adherence to the workplace Code of Conduct and Compliance Plan. Practices a high level of integrity and honesty in maintaining confidentiality.

The following shared, organization-wide competencies describe the desired behaviors that will facilitate success:

1. Communication - Expresses ideas clearly and constructively (written and spoken, upward and downward, one-on-one and with groups).

2. Customer Service - Seeks to understand customer needs and works to exceed customer expectations (internal and external).

3. Initiative - Looks for opportunities to improve performance; manages time, work, and relationships effectively and efficiently.

4. Professionalism - Treats others with respect; abides by the institutional values; displays a positive and cooperative attitude; adheres to the workplace Code of Conduct and compliance policies.

5. Stewardship - Identifies efficiencies to reduce redundancy and/or elimination of tasks resulting in savings of cost, resources, and or/time.

6. Teamwork - Works proactively and collaboratively with others to streamline work and achieve mutual goals.

Position Qualifications:

Minimum Education:

Bachelor's degree in accounting, finance, or related field

Minimum Experience:
2-5+ years of healthcare accounting experience as it relates to patient revenue recognition and Accounts Receivable valuation.

Required Courses/Training:

Req. Certification/Licensure:

Preferred Education:
MBA preferred

Preferred Courses/Training:

Pref. Certification/Licensure:
CPA preferred

Preferred Experience:

Skills/Abilities:
Experience with PeopleSoft GL, including recording journal entries and knowledge of how revenue cycle transactions affect the GL

General understanding of revenue recognition principals

Intermediate/advanced Excel skills (e.g. pivot tables & vlookups experience a plus) and ability to work with large volumes of transactional data

Strong analytical and creative problem solving skills a must

Demonstrated attention to detail in a transaction-driven environment and ability to multi-task to manage priorities

Advanced communication and interpersonal skills to deal in sensitive and/or complex situations with a wide variety of influential internal and external personnel, and make presentations before groups

High degree of dedication and initiative to enhance knowledge and skills

Ability to work independently within tight deadlines

Strong communicator with ability to maintain open communication with internal employees, managers and customers as needed

Able to integrate and apply feedback in a professional manner

Able to prioritize and drive to results with a high emphasis on quality

Ability to work as part of a team

Software:
MS Office (Excel, Word, PPT, Access), PeopleSoft.