Sr Net Revenue Financial Analyst

$78,458 - $117,707/Yr

AdventHealth - La Grange, IL

Full-time - Mid Level

La Grange, IL

Hospitals

About the position

The Senior Financial Analyst - Net Revenue at UChicago Medicine AdventHealth Great Lakes is responsible for overseeing the centralized procedures related to net patient service revenue calculations. This role involves performing revenue estimations, conducting analyses, and ensuring compliance with Generally Accepted Accounting Principles (GAAP). The analyst will work closely with various teams to validate revenue processes, mentor junior analysts, and lead special revenue projects, all while striving for continuous improvement in net revenue reporting and analysis.

Responsibilities

• Assist with the preparation and oversight of the net revenue pre-close and close procedures within the Crowe RCA tool on a monthly basis.
• Perform and review routine centralized reserve calculations within the Crowe RCA tool, prepare calculations for any necessary manual adjustments and maintain documentation of the process used.
• Utilize Excel for analyzing Crowe RCA reporting and use/develop templates to streamline routine processes.
• Generate and maintain reports from the Crowe RCA tool for the month end close process, internal audits and external audits.
• Assist the facilities in analyzing the net revenue results from the Crowe RCA tool as needed.
• Review the daily reconciliation prepared by the Net Revenue Analyst to monitor the data feeds from the patient accounting system into the Crowe RCA tool.
• Identify and help resolve problems in the net revenue accounting processes and when appropriate, identify potential outcomes, select most appropriate course of action, and initiate change to prevent future problems or improve existing processes.
• Endorse a team centered environment and mentor the Net Revenue Analysts in developing a better understanding of the Crowe RCA tool and net revenue process through supervision of their work and providing timely feedback.
• Organize workflow and provide oversight of Net Revenue Analysts' duties or delegated tasks.
• Maintain the standard non-hospital Excel template for the physician and home health service lines.
• Coordinate with peers and facility finance and accounting teams to understand the needs of the end user and prepare instructions/templates for net revenue process for both the Net Revenue department and facilities.
• Develop relationships with other corporate service departments, such as Revenue Cycle, Physician Enterprise and AdventHealth Information Technology (AIT), as it relates to net revenue.
• Work directly with facility finance and accounting teams for transitioning the legacy system accounts receivable to an AdventHealth standard net revenue template.
• Validate AdventHealth's allowance methodology via the performance of a hindsight or lookback analysis.
• Effectively present and communicate net revenue issues and analysis to facility leadership, peers, internal and external auditors.
• Lead special revenue projects as assigned.
• Achieve superior customer satisfaction by embracing and exemplifying the AdventHealth service standards.

Requirements

• Bachelor's degree or higher in Accounting or Finance
• Two or more years of experience in net revenue, accounting, finance, reimbursement or revenue cycle operations
• Ability to communicate effectively
• Ambitious and high-performing
• Attention to details
• Ability to prioritize multiple tasks
• Self-directed with critical thinking skills
• Ability to train and provide oversight of analysts
• Proficient with technology, large data sets and Excel

Nice-to-haves

• Experience with Crowe RCA tool

Benefits

• Benefits from Day One for FT/PT positions
• Paid Days Off from Day One for FT/PT positions
• Student Loan Repayment Program for FT/PT positions
• Career Development
• Whole Person Wellbeing Resources
• Mental Health Resources and Support
• Debt-free Education (Certifications and Degrees without out-of-pocket tuition expense)