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Under the direction of the Reimbursement Manager, the SFA will help support the financial planning, budgeting and analysis of the hospital’s NPSR performance. Responsible for providing departmental, divisional and hospital wide financial, cost and statistical analysis to make informed operational and financial decisions, with the ability to recognize and successfully implement process improvements.
Job Responsibility:
Monthly review of hospital revenue performance to budget, including, revenue, volume and charge reimbursement, with the ability to be able to research and provide explanation of deviations
Maintain reserve for contractual allowance in the Hospital Accounts Receivable
Prepares monthly journal entries and reconciliation to ensure that the net A/R is properly stated
Prepares necessary reports from sub-systems in order to accurately estimate balances
Assist in the development of presentations to VPs/Directors on monthly NPSR performance
Works with department leaders and other Finance personal to prepare the Hospital NPSR annual budget
Collaborate with managers on a variety of analysis and projects
Directs the preparation, completion and filing of third party cost reports, regulatory agency reports and internal reports
Prepares for and responds to year-end audits by third party auditors
Analyzes and documents major budget variances for management and department heads
Enhances professional growth and development through educational programs, seminars, etc. to keep abreast of current trends/changes in the field
Participates in continued learning and possess a willingness and ability to learn and utilize new technology and procedures
Embraces technological advances that allow us to communicate information effectively and efficiently based on role
Extract and analyze data from EPIC, Experian, and Strata to support budgeting, forecasting and productivity modeling
Requirements:
Bachelor's degree in Accounting, Finance or Business Administration or equivalent preferred
Three to five (3–5) years' experience in hospital reimbursement, with thorough knowledge of hospital operations
Understanding and experience in Hospital/Facility Billing is a must
Strong experience with financial and data analysis
Strong skills in Microsoft and other database tools
Familiar with EPIC, Experian Contract Manager, Workday & Strata
Strong knowledge of cost accounting, variance analysis, inferential statistics and other methods of quantitative analysis
Skilled at interpreting data and presenting material in an innovative format
Ability to understand and apply process improvement techniques
Requires a high level of creativity and motivation to develop new programs, strategies and approaches to problems
Ability to independently prioritize work appropriately and to manage multiple projects simultaneously
Strong interpersonal, communication and presentation skills, both written and verbal
Must demonstrate exceptional judgment, discretion and ability to communicate effectively with a wide range of departments, clinical staff, and individuals at all levels both within and outside the institution