Net Revenue Analyst - Beth Israel Lahey Health
Charlestown, MA
About the Job
Job Type: Regular
Time Type: Full time
Work Shift: Day (United States of America)
FLSA Status: Exempt
When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.
Reporting to the AVP, Revenue Finance and Reimbursement, the Net Revenue Analyst is the subject matter expert on net patient revenue, setting reserves on patient a/r, and other agency reporting over net patient revenue and reimbursement. Oversees general ledger accounts and ensures accuracy of financial statements by maintaining records of assets, liabilities, profit and loss or other financial activities. Perform variance analysis and interpret results. Analyzes financial data in order to prepare reports, analysis and forecasts.
Job Description:
Essential Duties & Responsibilities including but not limited to:
• Manages Crowe Revenue Cycle Analytics (Crowe) systems, including, but not limited to, Crowe system maintenance, reconciliations between systems, monthly reserve processes, and reporting.
• Estimates net patient revenue and manages the accounts receivable reserve.
• Records and reconciles gross revenue from patient financial accounting system to accounting systems
• Maintain and reconcile general ledger accounts
• Ensures that all expected reimbursement calculations are accurate.
• Prepares and analyzes reports and effectively communicates findings
• Continuously seek efficiencies in processes, make and implement recommendations to improve accounting processes and procedures
• Work on special projects as needed
• Capable of constructively engaging with various management levels
• Maintain working knowledge of GAAP
• Ensures compliance with Generally Accepted Accounting Principles (GAAP), governmental regulations, contractual obligations, and internal policies.
• Assists in maintaining and updating internal controls over financial reporting.
• Performs and/or assists in technical accounting research and implementation.
• Work with Revenue Cycle to identify billing issues, analyze corrections, evaluate payment changes, and assist with various analysis to understand impact to the organization.
• Work with Director of Managed Care to aid in understanding of reimbursement issues and analyze payor contract changes
• Coordinate with various areas in analysis of new departments, impacts of business changes, budgets, and related affects.
• Assists with consolidated forecasts and budgets, and analyzes trends in revenue, contractual adjustments and other related areas.
Minimum Qualifications:
Education:
• Bachelor's Degree in business management, healthcare, finance, or accounting required and
• Master's Degree of Accounting or MBA preferred
Licensure, Certification & Registration: N/A
Experience:
• Minimum 4 years of experience in net patient revenue accounting required
• Experience with cost reporting preferred
• Experience working with financial systems preferred
Skills, Knowledge & Abilities:
• Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of information provided.
• High level of systems analysis and problem solving skills necessary in order to develop and implement new procedures and solutions.
• Ability to utilize critical thinking skills, do strategic planning and project management.
• High sense of purpose and urgency and strong analytical skills.
• Ability to work with tight deadlines and identify priorities in a fast-paced, highly visible environment while maintaining attention to detail.
• Strong people and interpersonal skills; ability to build relationships; team player.
• Fosters creativity, innovation and divergent thinking in self and others.
• Ability to effectively implement change.
• Demonstrated experience teaching, mentoring and developing skills sets, where appropriate.
• Ability to take complex analytical data and synthesize it in reportable and understandable context.
• Demonstrated experience teaching, mentoring and developing skills sets, where appropriate.
• Strategic and forward-thinking
• Flexible and creative
• Articulate, collaborative and approachable
• Strong written and oral communication skills are required.
• GAAP knowledge required
As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) and COVID-19 as a condition of employment. Learn more (https://www.bilh.org/newsroom/bilh-to-require-covid-19-influenza-vaccines-for-all-clinicians-staff-by-oct-31) about this requirement.
More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.
Equal Opportunity Employer/Veterans/Disabled
Time Type: Full time
Work Shift: Day (United States of America)
FLSA Status: Exempt
When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.
Reporting to the AVP, Revenue Finance and Reimbursement, the Net Revenue Analyst is the subject matter expert on net patient revenue, setting reserves on patient a/r, and other agency reporting over net patient revenue and reimbursement. Oversees general ledger accounts and ensures accuracy of financial statements by maintaining records of assets, liabilities, profit and loss or other financial activities. Perform variance analysis and interpret results. Analyzes financial data in order to prepare reports, analysis and forecasts.
Job Description:
Essential Duties & Responsibilities including but not limited to:
• Manages Crowe Revenue Cycle Analytics (Crowe) systems, including, but not limited to, Crowe system maintenance, reconciliations between systems, monthly reserve processes, and reporting.
• Estimates net patient revenue and manages the accounts receivable reserve.
• Records and reconciles gross revenue from patient financial accounting system to accounting systems
• Maintain and reconcile general ledger accounts
• Ensures that all expected reimbursement calculations are accurate.
• Prepares and analyzes reports and effectively communicates findings
• Continuously seek efficiencies in processes, make and implement recommendations to improve accounting processes and procedures
• Work on special projects as needed
• Capable of constructively engaging with various management levels
• Maintain working knowledge of GAAP
• Ensures compliance with Generally Accepted Accounting Principles (GAAP), governmental regulations, contractual obligations, and internal policies.
• Assists in maintaining and updating internal controls over financial reporting.
• Performs and/or assists in technical accounting research and implementation.
• Work with Revenue Cycle to identify billing issues, analyze corrections, evaluate payment changes, and assist with various analysis to understand impact to the organization.
• Work with Director of Managed Care to aid in understanding of reimbursement issues and analyze payor contract changes
• Coordinate with various areas in analysis of new departments, impacts of business changes, budgets, and related affects.
• Assists with consolidated forecasts and budgets, and analyzes trends in revenue, contractual adjustments and other related areas.
Minimum Qualifications:
Education:
• Bachelor's Degree in business management, healthcare, finance, or accounting required and
• Master's Degree of Accounting or MBA preferred
Licensure, Certification & Registration: N/A
Experience:
• Minimum 4 years of experience in net patient revenue accounting required
• Experience with cost reporting preferred
• Experience working with financial systems preferred
Skills, Knowledge & Abilities:
• Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of information provided.
• High level of systems analysis and problem solving skills necessary in order to develop and implement new procedures and solutions.
• Ability to utilize critical thinking skills, do strategic planning and project management.
• High sense of purpose and urgency and strong analytical skills.
• Ability to work with tight deadlines and identify priorities in a fast-paced, highly visible environment while maintaining attention to detail.
• Strong people and interpersonal skills; ability to build relationships; team player.
• Fosters creativity, innovation and divergent thinking in self and others.
• Ability to effectively implement change.
• Demonstrated experience teaching, mentoring and developing skills sets, where appropriate.
• Ability to take complex analytical data and synthesize it in reportable and understandable context.
• Demonstrated experience teaching, mentoring and developing skills sets, where appropriate.
• Strategic and forward-thinking
• Flexible and creative
• Articulate, collaborative and approachable
• Strong written and oral communication skills are required.
• GAAP knowledge required
As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) and COVID-19 as a condition of employment. Learn more (https://www.bilh.org/newsroom/bilh-to-require-covid-19-influenza-vaccines-for-all-clinicians-staff-by-oct-31) about this requirement.
More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.
Equal Opportunity Employer/Veterans/Disabled
Source : Beth Israel Lahey Health