Variance Analyst

1 week ago

Richmond, United States Universal Health Services Full time

Responsibilities

One of the nation's largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. (UHS) has built an impressive record of achievement and performance. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $14.3 billion in 2023. During the year, UHS was again recognized as one of the World's Most Admired Companies by Fortune; and listed in Forbes ranking of America's Largest Public Companies.

Headquartered in King of Prussia, PA, UHS has approximately 96,700 employees and continues to grow through its subsidiaries. Operating acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located all over the U.S. States, Washington, D.C., Puerto Rico and the United Kingdom.

Atlantic Region CBO (uhs.com)

The Atlantic Region CBO is seeking a dynamic and talented Variance Analyst - East

The primary responsibility of the Variance Analyst is the resolution of over and underpayment discrepancies on paid accounts. Assists in review of the PRM and assures properly maintained. Actively participates in contract review. Completes other tasks and assignments in a timely manner.

Key Responsibilities include:

* Respond to manager's requests in a timely manner.
* Able to recognize any variances regarding payments from all third party carriers.
* Advises manager on any discrepancies to ensure that corrections, if applicable are made to each plan.
* Corrects all log errors as they occur in a timely and satisfactory manner.
* Documents all actions in note screen of Patient Accounting system.
* Has a good understanding of all insurance regulations and requirements for accurate maintenance of the cost payer logs.
* Posts allowed adjustments as needed to assigned accounts.
* Directs any problems with accounts or where additional intervention is needed to management for resolution.
* Contact third party payers when changes occur in the reimbursement amount to determine of corrections need to be made in the discount.
* Other duties as assigned

Benefit Highlights

* Challenging and rewarding work environment
* Competitive Compensation & Generous Paid Time Off
* Excellent Medical, Dental, Vision and Prescription Drug Plans
* 401(K) with company match and discounted stock plan
* SoFi Student Loan Refinancing Program
* Career development opportunities within UHS and its 300+ Subsidiaries
* More information is available on our Benefits Guest Website: benefits.uhsguest.com

Contact Information:

* Nicole Baez
* HR Coordinator/Recruiter
* Nicole.baezRojas@uhsinc.com

Location: Onsite - Richmond, VA

Qualifications

Position Requirements:

* Proactive, assertive articulates knowledge and understanding of payer claims processing philosophies.
* Understands complex managed care agreements.
* The ability to communicate clearly and concisely both verbally and writing.
* Customer focused, providing service consistently exceeding expectations to both internal and external customers.
* Proficiency in Microsoft Office applications and others as required.
* Ability to prioritize needs and to manage resources.
* High school diploma or equivalent and 1-3 years contract analysis experience preferred.

EEO Statement

All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws.

We believe that diversity and inclusion among our teammates is critical to our success.

Avoid and Report Recruitment Scams

At UHS and all our subsidiaries, our Human Resources departments and recruiters are here to help prospective candidates by matching skill set and experience with the best possible career path at UHS and our subsidiaries. During the recruitment process, no recruiter or employee will request financial or personal information (e.g., Social Security Number, credit card or bank information, etc.) from you via email. Our recruiters will not email you from a public webmail client like Hotmail, Gmail, Yahoo Mail, etc.

If you suspect a fraudulent job posting or job-related email mentioning UHS or its subsidiaries, we encourage you to report such concerns to appropriate law enforcement. We encourage you to refer to legitimate UHS and UHS subsidiary career websites to verify job opportunities and not rely on unsolicited calls from recruiters.

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