Accounting Manager- Health Services
Company: Project Home
Location: Philadelphia
Posted on: May 8, 2024
Job Description:
Job Summary
The Accounting Manager-Health Services plays a pivotal role in
overseeing all facets of revenue management, ensuring accuracy,
efficiency, and compliance across the organization. Responsible for
guiding the revenue cycle from recognition to reporting, this role
involves collaborating with various departments to optimize revenue
streams, mitigate risks, and drive financial sustainability. The
Accounting Manager-Health Services leads a team, develops and
implements strategies, and fosters a culture of continuous
improvement to maximize revenue opportunities and uphold regulatory
standards. This position requires a seasoned professional with
expertise in revenue cycle management, financial analysis,
regulatory compliance, and leadership to effectively navigate the
complexities of revenue operations in a dynamic environment.
Revenue Cycle Management: Health Services
- Reviews and manages Healthcare Services revenue recognition to
ensure accurate and timely recording, billing, and
collections.
- Collaborates with the Billing Supervisor to analyze bad debt
and recommend write offs for approval by the Controller and VP of
Healthcare Services.
- Collaborates with management and clinical teams in
establishing, maintaining, and monitoring key performance
indicators for the revenue cycle operations.
- Utilizes reports and analytical tools to track claims through
the entire lifecycle, ensuring payments are collected timely, and
determining the root cause of denied claims.
- Utilizes technology to strategize with the Healthcare Services
team in identifying, developing, and implementing systems and
process improvements to promote more efficient revenue cycle
operations.
Contract & Contributions
- Reviews and manages contract and grant revenue recognition to
ensure timely recording, billing, and collections.
- Collaborates with management and development teams to ensure
proper management of temporarily or permanently restricted
funds.
- Review use of donor restricted funds to ensure compliance with
supporting documentation and accurate recording in the general
ledger, including investment activity.
- Review aging of contract and grant receivables monthly and
address collection concerns.
Reporting
- Review and submit monthly, quarterly, and annual reporting
required by federal, state and city contracts, including the
contract budgets.
- Collaborate with the Sr. Director of Budgets and Financial
Analysis to project revenue as part of the semi-annual forecasting
and budgeting processes.
- Prepare SEFA for annual audit.
- Provide input for the annual Medicare cost report.
- Prepare schedules for annual UDS reporting.
Administration
- Supervise Senior Revenue Accountant and Billing Supervisor to
ensure efficient operations
- Prepare staff evaluations and set annual goals, including
monitoring progress on goals
- Document policies and procedures for the revenue cycles
- Conduct training, as needed
The information contained herein is not intended to be an
all-inclusive list of the duties and responsibilities of the job.
Management may, at its sole discretion, assign or reassign duties
and responsibilities to this job at any time.
Education and Experience Minimum Requirements:
Minimum Experience:
- Bachelor's degree
- Five or more years supervisory experience
- Experience in financial analysis, including the ability to
interpret financial data, identify trends, and make recommendations
based on analysis results.
- Familiarity with regulatory requirements related to revenue
recognition and reporting in the healthcare or nonprofit
sector
- Experience in preparing for and participating in financial
audits
- Demonstrated leadership skills, including the ability to
motivate and mentor staff
Preferred Experience:
- Revenue cycle management experience, specifically at a
Federally Qualified Health Center (FQHC)
- Blackbaud Financial Edge/Raisers Edge and health care billing
software experience
- Experience in identifying inefficiencies in revenue cycle
operations and implementing process improvements to streamline
operations, reduce costs, and enhance revenue generation at
FQHC
Core Skills:
- Demonstrated experience collaborating across departments
- Effective communication skills
- Strong knowledge of Microsoft Office with proficient Excel
skills
- Proven ability to work efficiently, effectively, and
proactively in a fast-paced, deadline-oriented, environment
Physical requirements:
- Sedentary work that primarily involves sitting/standing.
Project HOME provides equal employment opportunities to all
employees and applicants for employment, without regard to race,
color, religion, age, sex, sexual orientation, gender identity,
national origin, disability status, protected veteran status,
genetic information, or any other characteristic protected by
federal, state, or local laws. Project HOME prohibits
discrimination and harassment of any
type.PI877831491a1a-31181-34406111
Keywords: Project Home, Cherry Hill , Accounting Manager- Health Services, Executive , Philadelphia, New Jersey
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