Accounts Receivable and Cost Reporting Manager

Job Description

Job Description

Accounts Receivable and Cost Reporting Manager

Gratiot, OH

$85,000 to $115,000

Now is your chance to join a Forbes magazine top 100 hospital where career growth and opportunity await you. They are committed to building healthcare teams whose care exceeds the expectations of their patients and community and are looking for quality talent who share the same values.They’re nestled in a beautiful rural setting but close enough to the big city to enjoy that too!

If that sounds like the change you are looking for, please read on...

What they’re looking for:

•Bachelor’s degree in Accounting, Finance, Business Administration, Healthcare Administration, or related field required.

•Minimum of five years progressive healthcare finance, reimbursement, accounting, or revenue cycle experience.

•Previous supervisory or management experience.

•Working knowledge of Medicare and Medicaid reimbursement methodologies, healthcare accounting principles, cost reporting, reimbursement regulations, and revenue cycle operations.

•Strong analytical, critical-thinking, communication, and problem-solving skills.

•Advanced knowledge of Microsoft Excel and Power BI, financial reporting systems, business intelligence tools, and data visualization applications.

Hours and compensation potential:

•Full time hybrid position, Monday-Friday. Person will need to be onsite a few days a week.

•The range is between $86,000-$118,000 per year depending on experience.

•Full benefits package including(Medical, Dental, Life, PTO) and relocation assistance.

What you’ll be doing:

•Manages the Accounts Receivable and Cost Reporting functions for The HealthCare System.

•Responsible for reporting on hospital and professional accounts receivable performance, reimbursement analysis, denial and collection trends, governmental and commercial payer receivables, Medicare and Medicaid cost reporting, supplemental payment programs, and regulatory reimbursement reporting at the organization and service line level.

•Provides leadership and reporting direction to identify trends in collection of receivables and optimization of cash flow while leading accurate reimbursement reporting and regulatory compliance.

•Develops reporting tools, analytics, and identifies operational processes that improve collections, reduce aged accounts receivable balances, strengthen reimbursement accuracy, and maximize financial performance related to service line execution.

•Helping to execute organizational goals. It is critically important to understand how Accounts Receivable and Cost Reporting activities contribute to the financial success of the organization and the key service lines. The Manager must effectively communicate organizational priorities, establish expectations, and guide staff through change.

•Monitor Accounts Receivable operations through continuous monitoring of days in accounts receivable, aging trends, denial rates, net collection performance, cash collections, credit balances, denials and recoupments, and payer-specific performance metrics.

•Develop and maintain dashboards, scorecards, and reporting tools that support leadership decision-making and improve visibility into collection performance and reimbursement trends.

•Analyze payer performance, collection barriers, denial patterns, underpayments, and reimbursement opportunities. Recommend operational improvements and action plans at both the organization wide level and the service line level.

•Oversee the preparation, coordination, review, and audit support for Medicare, Medicaid, and other governmental cost reports.

•Coordinate reimbursement activities with revenue cycle leaders, operational departments, external reimbursement consultants, auditors, and governmental agencies.

•Manage reimbursement analyses related to Medicare settlement estimates, Medicaid reimbursement programs, DSH, UPL, supplemental payment programs, bad debt reimbursement, uncompensated care funding, and other regulatory reimbursement programs.

•Monitor changing reimbursement regulations and communicate financial impact assessments to leadership at both the organizational level and the service line level.

•Develop reimbursement forecasts and support budgeting, long-range planning, and financial projections.

•Maintain strong internal controls and documentation related to reimbursement reporting and accounts receivable processes. Lead interactions with financial statement auditors for accounts receivable and payer settlement activities.

•Prepare professional reports, executive summaries, presentations, and recommendations for leadership, committees, auditors, and governing bodies.

•Participate in process improvement initiatives focused on cash acceleration, denial prevention, reimbursement optimization, automation, and reporting efficiency.

•Participate as a key member of Finance leadership team and work closely with the Revenue Cycle leadership team on key initiatives.

•Apply proven communication, analytical, and problem-solving skills to assist stakeholders with informed decision-making.

Additional info:

•Position will report to the Controller/CFO whom is well respected within the organization and this position is a new position.

•If you're a passionate Manager in Accounts Receivable and Cost Reporting and seeking a rewarding career in a collaborative healthcare setting, this is the opportunity you've been waiting for. Join us in east central Ohio, and become part of our exceptional team dedicated to delivering high-quality care to our community. Apply now and embark on a fulfilling career journey with us.