Business Office Manager
3 weeks ago
Job Type
Full-time
Description
Major Duties and Responsibilities
Financial Operations and Reporting
Develop, plan, direct, and oversee the overall financial operations, accounting, and reporting for the facility. This includes managing all financial and business functions related to accounts payable/receivable, billing, collections, payroll, taxation, purchasing, cash flow, etc.
Ensure financial processes, transactions, and reporting comply with generally accepted accounting principles, regulations, laws, and facility policies and procedures
Performance Monitoring and Analysis
Produce monthly financial statements, income statements, and cost reports to analyze performance and financial health
Develop and monitor key performance indicators related to financial goals and outcomes. Work with department heads to identify areas for improvement based on KPI measurements and trends.
Budgeting
Lead the budget development process on an annual and as-needed basis with input from department heads
Create short-term and long-term financial forecasting and budget projections. Present budgets to administrator and board of directors/governing body.
Billing and Collections
Oversee patient billing process to ensure timely and accurate claims submission
Develop systems to effectively manage accounts receivable. Routinely analyze and report on accounts receivables and collection issues.
Supervision and Staff Management
Recruit, hire, supervise, and evaluate business office staff to build a capable team
Set clear expectations for business office team performance and service excellence. Address performance issues.
Facilitate meetings, committees, and activities involving business office team
Regulatory and Policy Knowledge
Maintain working, current knowledge of regulations, laws, and programs related to Medicare/Medicaid, private insurance, skilled nursing/LTC finance and reimbursement policy that impact fiscal performance
Additional Tasks and Requirements
Treat all residents with dignity and respect
Comply with all policies, procedures, regulations
Maintain confidentiality of protected health information
Report any noncompliance, retaliation, discrimination
Report allegations of abuse or neglect
Follow infection control practices
Complete all required training
Meet general health and physical requirements
Requirements
Bachelor's degree in Accounting, Business Administration or related field preferred.
Must have at least three (3) years of experience in a billing or supervisory capacity in the business office of a hospital, nursing home, or other related health care facility.
Knowledgeable of skilled nursing home regulations, procedures, laws, regulations and guidelines pertaining to long-term care.
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