Manager Reimbursement & Revenue Accounting

10208 Advocate Aurora Health Corporate - Reimbursement

Full time

Yes

40

This is a fully remote position.

Due to complex requirements, remote work is NOT permitted for short or long periods in: CA, DC, CO, CT, HI, MA, MD, MN, NJ, NY, OR, RI, VT, WA and working Internationally (this includes working while on vacation). #LI-Remote and #Remote

Job Description:

The primary purpose of this role is to lead the market-level accounts receivable reserve process. This includes performing detailed reviews of balance sheet contractual allowances and bad debt reserve calculations for hospital billing, professional billing, and continuing care. The role involves evaluating and monitoring the mix of accounts receivable, assisting with budget to actual variances for contractual discounts, and working directly with external auditors to facilitate the audit process. Additionally, the role requires partnering with various departments to ensure accurate financial reporting and compliance with accounting standards.

Major Responsibilities:

• Leads the market level accounts receivable reserve process. Performs detailed review of balance sheet contractual allowances and bad debt reserve calculations for hospital billing, professional billing and continuing care. Performs a detailed review of quarterly hindsight and evaluates the results to determine necessary changes to accounts receivable reserve process. Establishes working relationships with managed health operations and revenue cycle to better understand additional considerations in setting accounts receivable reserves. 
• Evaluates and monitors market level mix of accounts receivable for both hospital and professional billing, including documentation of fluctuations in mix each month, considering if any fluctuations should impact reserves recorded for the month. 
• Assists with the explanation of budget to actual variances for contractual discounts, including working with managed care operations to understand fluctuations in the paid claims information, charity care, and the provision for bad debts. Assists in the preparation and presentation of net revenue results to financial planning as part of month end close process. 
• Works directly with external auditors to facilitate audit process for market-level accounts receivable, reserves and revenue. 
• Works with Managed Health cost reporting team to understand status of cost report settlements and related reserves and adjust the amounts recorded in the financial statements to reflect the current status. Ensures the third-party settlement accounting for Medicare and Medicaid open cost report balances are reconciled and assists in supporting the calculation with external financial auditors during year-end audit. 
• Works with the Financial Reporting team to understand the status of any compliance and regulatory matters to document on at least a quarterly basis, an analysis of the revenue recognition reserves recorded. 
• Act as market level Advocate Health finance representative for Epic and Net Revenue Projects. Manages and maintains relationship with Revenue Cycle leadership team in order to understand financial statement implications with billing, collection, and adjustment workflow changes.  Understands the Epic logic of mapping revenue, payments, and adjustments to the general ledger.   Provides accounting oversight to ensure all new Epic codes mapped to general are in accordance with Generally Accepted Accounting Principles.   
• Partners with the Reimbursement Budget Planning Director in the development and forecasting of market-level revenue budgets. Ensures that budgeting for Gross and Net Patient Revenue is accurate, timely, and complies with accounting standards. Working with members from the revenue cycle and managed care operations, leads the analysis of budget variances on a monthly basis, including the preparation of the necessary analysis to document and explain the budget variance to leadership and finance.  
• Partners with the Managed Health reimbursement department leadership with the valuation of regional Medicaid supplemental payment accounting for revenue and AR associated with each unique supplemental program.  Ensures the accounting Medicaid supplemental balances are reconciled and assists in supporting the receivable with external financial auditors during year-end audit.   
• Assist in ongoing compliance with Advocate Aurora Health’s internal control plan. Responsible for reviewing and directing the overall Accounting Operations internal controls plan and ensuring the plan continues to get updated as the business environment changes or as a result of process, system, and/or policy enhancements. 
• Assists in the coordination and completion of internal and external auditors’ requests and queries in addition to holding the team accountable to meeting the required audit deadlines. Directs coordination and response of requests and queries related to reporting and regulatory requirements. Reviews estimation and risk areas while providing higher issue resolution. Participates in the development of the external audit plan with the auditors and the Financial Reporting Team. 
• Performs human resources responsibilities for staff which include interviewing and selection of new employees, promotions, staff development, performance evaluations, compensation changes, resolution of employee concerns, corrective actions, terminations, and overall employee morale. 
• Responsible for understanding and adhering to the organization's Code of Ethical Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations and laws applicable to the organization's business. 

Licensure, Registration, and/or Certification Required:

• None

Education Required:

• Bachelor’s degree in accounting, or bachelor’s degree in finance or related field.

Experience Required:

• Typically requires 3 years of experience in health care reimbursement or public accounting with a concentration in hospital auditing that includes extensive auditing of the hospital net patient service revenue area, Medicare, Medicaid, or Blue Cross. Includes 3 years of management experience in managing staff and budgets.
• Previous supervisory experience.

Knowledge, Skills & Abilities Required:

• Project leadership and/or oversight of key strategic initiatives experience.

Physical Requirements and Working Conditions:

• This position requires travel, therefore, will be exposed to weather and road conditions. 
• Operates all equipment necessary to perform the job.
• Exposed to a normal office environment.

This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

Pay Range

$50.05 - $75.10

Our Commitment to You:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:

Compensation

• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
• Premium pay such as shift, on call, and more based on a teammate's job
• Incentive pay for select positions
• Opportunity for annual increases based on performance

Benefits and more

• Paid Time Off programs
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
• Flexible Spending Accounts for eligible health care and dependent care expenses
• Family benefits such as adoption assistance and paid parental leave
• Defined contribution retirement plans with employer match and other financial wellness programs
• Educational Assistance Program