Advocate Health Care

Director Reimbursement & Revenue Accounting

Advocate Health Care$78K — $125K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, or related field required.
  • 7 years of experience in health care reimbursement or public accounting, focusing on hospital auditing.
  • 3 years of management experience overseeing staff and budgets required.
  • Expertise in Medicare, Medicaid, or Blue Cross auditing essential.
  • Strong knowledge of financial analysis and internal control compliance needed.

Responsibilities

  • Oversee monthly financial analyses for health service lines.
  • Assist in managing Valuation Allowance accounts and year-end audits.
  • Develop and forecast net revenue budgets for the Enterprise.
  • Collaborate with leadership on Medicare cost report valuations.
  • Manage Medicaid supplemental payment accounting and reconciliation.
  • Lead analysis of budget to actual variances for discounts.
  • Oversee the external financial statement audit process.
  • Act as finance representative for Epic and Net Revenue Projects.
  • Direct departmental continuous process improvement initiatives.

Benefits

  • Paid Time Off programs offered.
  • Comprehensive health and welfare benefits including medical, dental, and vision.
  • Flexible Spending Accounts for healthcare and dependent care expenses.
  • Family benefits like adoption assistance and paid parental leave.
  • Defined contribution retirement plans with employer match available.
  • Educational Assistance Program to support professional development.
Full Job Description
Department:

10208 Enterprise Corporate - Reimbursement

Status:

Full time

Benefits Eligible:

Yes

Hours Per Week:

40

Schedule Details/Additional Information:

Remote position with some travel for in-person meetings

Pay Range
$75.40 - $120.65

Major Responsibilities:
  • Overseeing the completion of required monthly financial analyses for Enterprise Advocate Health service lines, including hospitals, medical groups, and continuing care.
  • Assisting departmental leadership with Valuation Allowance accounts and supporting calculations with external financial auditors during year-end audits.
  • Developing and forecasting Enterprise and Market net revenue budgets, ensuring accurate and timely budgeting for Gross and Net Patient Revenue.
  • Partnering with Managed Health departmental leadership for the valuation of Medicare cost report reserves and monitoring reimbursement appeals and cost report settlements.
  • Managing Medicaid supplemental payment accounting and ensuring reconciliation of balances with external financial auditors.
  • Leading the explanation of budget to actual variances for Enterprise, Region, and Market contractual discounts.
  • Overseeing the external financial statement audit process, including audit planning and preparation of audited financial statements.
  • Acting as the finance representative for Epic and Net Revenue Projects, managing relationships with Revenue Cycle leadership.
  • Ensuring ongoing compliance with Advocate Health's internal control plan and directing the overall Accounting Operations internal controls.
  • Directing departmental continuous process improvement and coordinating internal and external auditors' requests and queries.

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 7 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.

Knowledge, Skills & Abilities Required:

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.

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


Note: Eligibility for programs listed above may depend on your FTE or status (e.g., full-time, part-time, per diem, temporary, etc.); please ask a Recruiter for more information during an interview.

About Advocate Health Care

Advocate Health Care is a not-for-profit, faith-based health system providing comprehensive health care services to the people of Illinois. The organization is the largest fully integrated health care delivery system in Illinois, with more than 500 sites of care and 12 hospitals, including two of the nation’s 100 Top Hospitals, the state’s largest integrated children’s network, five Level I trauma centers (the state’s highest designation in trauma care), three Level II trauma centers, one of the area’s largest home health and hospice companies and one of the region’s largest medical groups. Advocate Health Care trains more primary care physicians and residents at its four teaching hospitals than any other health system in the state. As a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ, Advocate contributed $1.6 billion in charitable care and services to communities across Chicagoland and Central Illinois in 2019.
Learn more about Advocate Health Care
Size
75,000 employees
Industry
Founded
1976

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