Job Details

Job Description
Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within the organization. Prepares general ledger entries in conjunction with monthly closing processes and reconciles general ledger accounts. Develops analytical/departmental reports as required or requested. Assists with the development and administration of the organization's annual budget. Serves as an interdepartmental liaison. Works with internal and external auditors to prepare for and facilitate audits. Ensures departmental and organizational compliance with current accounting standards, hospital policies, and applicable laws and regulations. Compiles financial data for corporate tax reporting to comply with federal and state reporting requirements.
Key Responsibilities

• Financial Record Keeping:

• Maintain accurate and up-to-date financial records specific to healthcare transactions.
• Record and categorize healthcare-related financial transactions, such as patient billing, insurance reimbursements, and vendor payments.
• Budgeting and Forecasting:
• Collaborate with healthcare management to develop and monitor budgets for various departments.
• Provide financial forecasts considering healthcare industry trends, patient volumes, and regulatory changes.

• Healthcare Billing and Reimbursement:

• Oversee billing processes, ensuring accurate and timely submission of claims to insurance providers.
• Monitor reimbursement activities, identifying discrepancies and addressing them to maximize revenue.

• Compliance:

• Ensure compliance with healthcare industry regulations, including Health Insurance Portability and Accountability Act (HIPAA) regulations.
• Stay informed about changes in healthcare laws and regulations affecting financial practices.

• Cost Accounting:

• Implement and maintain cost accounting systems to track and analyze healthcare-related costs.
• Work with department heads to analyze and control expenses while maintaining quality patient care.

• Financial Reporting in Healthcare:

• Prepare specialized financial statements for healthcare organizations.
• Generate reports for management, healthcare boards, and regulatory bodies.

• Audit Support:

• Coordinate and support internal and external audits specific to healthcare compliance.
• Provide necessary documentation and explanations during audits.

• Healthcare Grant Management:

• Manage financial aspects of grants, ensuring compliance with grant requirements.
• Track and report on the financial impact of grants on healthcare operations.

• Bachelor's degree-Required
• Graduate of Bachelor's Program in Accounting-Required

• Requires critical thinking skills, decisive judgment, and the ability to work with minimal supervision.
• Must be able to work in a stressful environment and take appropriate action.
• A minimum of 5 years of experience as an accountant or similar role in healthcare.