This job performs wide range of third-party reimbursement services and acts as a financial and operational liaison for operations, regulatory agencies, or other outside entities. This incumbent serves as a technical expert on reimbursement issues for team members and management. The incumbent analyzes financial results, trends, performance metrics and provides root cause analysis to support business decisions. Recommends, based on trends and historical analysis, revenue adjustments or cost improvement measures. May be responsible for management and reporting functions for programs funded by federal, state, local or commercial partners through supplemental programs or value based incentive payments.
Leads in preparation, evaluation, and maintenance of processes in support of regulatory and third party updates including quarterly work papers, annual audits, cost accounting and third party accounting. Communicates any issues to team and management. (40%)
Records, classifies, and summarizes financial transactions and events in accordiance with generally accepted accounting principals. Interprets financial transactions and events for users who make economic or business decisions. (15%).
Provides expertise and education in budgeting, revenue recognition, reimbursement, system and process changes. Correlates Revenue/Expense to volumes and prepares reports to assess financial performance. (15%).
Develops and/or maintains processes and performs complex calculations to support the short and long term strategic plans and operating budgets, supports monthly financial statement and comparisons of payor performance. (10%).
Performs detailed variance analysis against expected budget, forecast, prior periods, modeling or other revenue benchmarks as required to support operations. (10%)
Analyzes contractual or financial results, trends, performance metrics and provides root cause analysis to support business decisions. Recommends cost saving and revenue enhancement improvement measures. (10%)
Performs other duties and assigned or required. (0%)
Bachelors Degree in Accounting, Finance or Related Field
Proficiency with spreadsheet applications and database management
Demonstrated ability to understand and apply complex federal regulations and policy
Masters Degree in Accounting, Finance or Related Field
5 -7 years of Third-party reimbursement in a healthcare environment
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