Revenue Cycle Controller

We are recruiting for a Revenue Cycle Controller to join our Hospital Division Finance Department in Louisville, Kentucky.

Summary:

Manages the monthly accounting close functions for the Revenue Cycle operations including cost allocations, SOX key controls, monthly financial reporting and ad-hoc analysis. To provide strategic program support for the Revenue Cycle Optimization Program (RCOP) and Revenue Cycle operations.

Essential Functions and Key Responsibilities:

• Establishes policies, ensuring compliance with SOX or other regulatory guidelines

• Directs maintenance of divisions' general ledger, oversees close and approves financial reporting

• Aligns department strategy with the goals of the division

• Conducts ad-hoc analysis of division finances and prepares reports with findings

• Manage AR Accounting Process while working directly with Revenue Cycle Team

• Internal and external audit support
• Net revenue policy and procedure updates

• Perform month-end allocation entries for CBO, admissions, and other revenue cycle functions

• Review manual revenue entries for accuracy

• Accrue, review and allocate revenue cycle vendor invoices to facilities and ensure accuracy of invoices

• Verify reserves are placed on patient accounts according to policy and make correcting journal entries when necessary

• Provide guidance and work closely with the CBO to ensure AR is appropriately stated on the balance sheet

• Resolve Meditech GL errors timely during monthly close and ensure proper mnemonics are used and setup in Meditech for all payers

• Reconcile patient refund requests with accounts payable and resolve errors each month

• Ensure Credit Balances are appropriately resolved and tracked

• Complete monthly reconciliations from Meditech to SAP, including PBN and CaptureNet

• Discontinued operations AR accounting resolution

• Implement new and sold buildings process to appropriately account for the AR and manage cash transfers

• Automate and improve accounts receivable month-end processes

• Monitor cash collections and update hindsight file monthly
• Review and monitor physician billing to maximize reimbursement

• Work with outside vendors to ensure proper set up with Kindred Systems and reconcile payments and refunds

• Work closely with reimbursement on AR items, including resolution of 11T issues

• Oversee deposits of patient payments coming to the Support Center

• CBO bonus calculation
• Responsible for all Net Revenue Monthly Journal Entries

• Excellent oral and written communication and interpersonal skills

• Knowledge of Patient Accounting systems and General Ledger systems

• Knowledge of accounting, finance, and healthcare revenue recognition

• Demonstrated problem solving and analytical skills

• Approximate percent of time required to travel: 10%