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In this role, you will oversee reimbursement reporting and accounting processes, ensuring accuracy and compliance with financial regulations. You will play a critical role in analyzing financial data, preparing revenue cycle entries, and staying informed about legislative changes affecting the healthcare industry.
Job Responsibility:
Manage all aspects of reimbursement reporting and accounting, including the analysis, interpretation, and summarization of financial data
Prepare monthly and year-end closing entries for patient receivables and contractual reserves within the revenue cycle
Monitor and assess federal and state healthcare legislative changes, evaluate their financial impact, and provide organizational education on upcoming reforms
Conduct detailed financial analyses to ensure accurate revenue recognition and compliance with ASC 606 standards
Oversee accounts receivable processes and ensure timely and precise reconciliation of patient revenues
Collaborate with internal teams to optimize the healthcare revenue cycle and address variances effectively
Utilize advanced Microsoft Excel and other financial systems to perform in-depth data analysis and reporting
Ensure compliance with all relevant healthcare financial regulations and organizational policies
Provide technical expertise and support in the implementation of system enhancements or changes related to revenue processes
Requirements:
Bachelor's degree in accounting, finance, or a related field
Seven to ten years of progressive experience in reimbursement or revenue management, preferably within the healthcare sector
Strong analytical, critical thinking, and organizational skills to interpret complex financial data
Proficiency in advanced Microsoft Excel and familiarity with both mainframe and PC-based financial systems
Demonstrated ability to communicate technical financial concepts clearly in dynamic environments
Comprehensive understanding of revenue recognition principles, including ASC 606
Experience with healthcare revenue cycle processes and accounts receivable management
Proven ability to handle month-end and year-end closings with accuracy and efficiency