St James Mercy Health System - Hornell, NY

posted 8 days ago

Full-time - Entry Level
Hornell, NY
Ambulatory Health Care Services

About the position

Under the supervision of the Controller, this position is responsible for a range of reimbursement activities related to hospital, physician and ancillary reimbursement. In addition, this position also conducts various types of analyses including cost-benefit analyses and financial analyses documenting analytical findings and conducting internal and external research.

Responsibilities

  • Prepare the monthly bad debt calculation, contractual allowance reserve calculation, and related journal entries and general ledger reconciliations.
  • Prepare the late revenue (charges and contractuals) journal entry.
  • Assist in the review all third party payer rate sheets and calculate the effect of any changes on the hospitals revenue.
  • Prepare an estimated year-end schedule of the third party balances and update the report on a monthly basis, including reconciliations and journal entries.
  • Prepare monthly revenue reports to validate the accurate recording of monthly and year-to-date net patient service revenue, investigating budget variances, cost trends and utilization patterns.
  • Provide financial analysis on special projects.
  • Prepares schedules required for the annual Medicare and Medicaid cost reports for the acute care hospital in accordance with all applicable regulations.
  • Responsible for budgeting, forecasting, and reporting of net patient service revenue.
  • Serves as a primary contact for reimbursement issues, analyzes the issues, and makes recommendations for corrective action.
  • Takes the lead on preparing the year-end audit reports required by the hospital external auditors for accounts receivable, allowance for doubtful accounts, contractual allowances, third party settlements and other audit schedule assigned by the Controller.
  • Understand and analyze the flow of data and information.
  • Work with the Central Business Office to streamline reporting and information.
  • Support the development of ad hoc reporting capabilities to meet the information requirements of management.
  • Assist with budget creation and upload.
  • Perform other duties as assigned.
  • Be accountable for accurate and timely work.
  • Responsible for understanding and adherence to the Code of Conduct, and the Corporate Compliance Plan (CCP) at St. James Hospital.
  • Participate in all educational requirements related to Corporate Compliance as required by the CCP education plan.

Requirements

  • BA/BS degree in Accounting, Finance, Business Administration or related field required
  • Master's degree preferred
  • 1-2 years in the health care industry
  • EPIC experience preferred
  • Prior work experience in hospital finance or reimbursement department and familiarity with cost reports
  • Extensive experience with EXCEL spreadsheets and database software

Nice-to-haves

  • CPA preferred
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