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Associate Director, Accounting & Reimbursement, MSP

Company:
UIC
Location:
Chicago, IL
Posted:
June 05, 2024
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Description:

Job Summary:

This position directs a team of finance/accounting professionals driving financial reporting and strategic planning processes for the UIC MSP. The MSP prepares financial statements, including clinical patient revenue & related contractual allowances, for the Clinical Departments, the regional campuses of Rockford and Peoria, the Dean’s office and MSP related entities/groups on a monthly basis. The Associate Director leads the monthly and annual reporting, reviewing, and analysis of patient profee revenue, as well as coordinates related annual audits, both internal and external. Responsible for monthly account entries related to the financial closes, review and analysis of reported data, and coordination with EPIC reports. Coordination of all components related to the publication of the Monthly Operating Review (MOR) for the MSP is an essential component of this role.

Job Responsibilities:

Accounting of patient revenue

• Coordinate all components of the monthly revenue activity related to patient clinical revenue

• Manage and coordinate preparation and responsiveness for corresponding compliance audits that occur, whether for internal or external audits, related to patient revenue.

• Benchmark accounting and reimbursement performance versus peers, and recommend policies and procedures for superior financial results.

Reimbursement reporting and analysis

• Coordinate the monthly computation of contractual allowances and bad debt for the net patient revenue reporting.

• Analyze and apply the zero-based AR reporting from EPIC to ensure contractual allowances are accurate and appropriate representation of accrued net patient revenue.

• Full responsibility for the generating of the Monthly Operating Revenue (MOR) packet, synopsizing MSP financial & reimbursement activity for Leadership.

• Supports, trains, and assists Finance Director in the management of accounting team, as well as process improvement initiatives, including the preparation and updating process/procedure manuals.

• Work and consult with colleges, schools and administrative units regarding accounting & reimbursement needs, apply judgment and analytical techniques to evaluate appropriate distributions of revenue, contractual and bad debt allowances and other expenses.

• Reconcile patient accounts receivables.

• Analyze and monitor Medicaid – Supplemental Payments (Enhanced Medicaid Dollars) for appropriate distribution and adjustment of accrued.

• Oversee bank reconciliation(s) for all above mentioned entities.

• Perform other related duties and participate in special projects as assigned.

Job Knowledge, Skills, Education, and Experience:

A minimum of a Bachelor's Degree in a related Healthcare field, Business Administration, Finance or Accounting required.

A minimum of five years of directly related experience in an institution of higher learning, a campus environment or other complex organization (i.e. education, business, hospital type complex).

Healthcare financial experience, particularly in physician services, preferably in Academic setting.

Substantial understanding of contractual allowance & bad debt computations for accrual based reserves, utilizing zero-based AR reports, for large ($500+ million) medical groups.

Experience preparing monthly financial entries utilizing EPIC output files, report running & data extraction.

Proficient with systems: EPIC, Banner software, healthcare banking relationships, University Security applications and related software and other database products, Access, Excel, PowerPoint & Word.

Excellent analytical, communication and presentation skills.

Must be able to work effectively with all levels of executive management and personnel, both internally and externally, both independently on assigned duties and projects, as well as part of the leadership team.

The University of Illinois Chicago is an affirmative action, equal opportunity employer that has a strong institutional commitment to the principle of diversity and is particularly interested in receiving applications from a broad spectrum of people. We are committed to equal employment opportunities regardless of sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, COVID-19 vaccination requirement, and employment

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