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Financial Manager

2 months ago


Los Angeles, California, United States University of Southern California Full time
Job Summary

We are seeking a highly skilled Financial Manager - Revenue Accounting Specialist to join our team at the University of Southern California. The successful candidate will be responsible for managing revenue accounting and analytic processes for our hospitals and associated entities.

Key Responsibilities
  • Ensure accurate calculation of net revenues, contractual, bad debt expense, cost report reserves, and valuation of accounts receivable on a monthly basis.
  • Ensure the integrity of journal entries related to net revenues, contractual, bad debt expense, cost report reserves within the financial system.
  • Prepare accurate calculation and journal entry preparation of Medicare model adjustments.
  • Ensure timely and accurate completion of balance sheet account reconciliations relative to patient accounts receivable, contractual and bad debt reserves, and Medicare model/cost report settlement reserves.
  • Oversee the integrity of base data used to calculate contractual and bad debt reserves, i.e. oversight of the zero-balance account (ZBA) studies.
  • Collaborate with the Revenue Cycle and Decision Support departments in ensuring the integrity of Contract Manager Tools including the validation of the mapping to the GL system.
  • Perform and investigate month-end close net revenue variance analysis including payer mix variance, rate variance, and volume variance analyses.
  • Assist in the preparation of the hospital net revenue budget.
  • Under the guidance of the Associate CFO and/or CFO, collaborate with Revenue Cycle and Decision Support teams in conducting review of detailed A/R account analyses to analyze problem accounts, underpayments, non-payments, aged balances, denials, and unusual write offs/adjustments.
  • Analyze reports provided by PFS (denials, underpayments, aged trial balance) to identify and manage payor issues, and implement business process improvements with other key functions including Admitting, PFS, Revenue Integrity, HIM, Case Management, and Managed Care to ensure effective and efficient processes for optimal revenue cycle outcomes.
  • Attend revenue cycle related calls and meetings.
  • Assist with special projects relative to reimbursement and other net revenue initiatives and emerging revenue cycle issues such as process improvement, metrics development, and other initiatives impacting the revenue cycle.
  • Develop analytical tools and management reports, including profitability models, financial indicator reports, and mandatory review checklists.
  • Coordinate the preparation of annual Medicare and Medicaid cost reports and OSHPD reports.
  • Prepare the quarterly OSHPD reports.
  • Ensure that the hospitals are in compliance with all internal policies and relevant regulations.
Requirements
  • Bachelor's degree in Finance/Accounting, Business, or Economics related field.
  • 3 to 5 years experience in accounting.
  • Strong GAAP accounting knowledge.
  • Specific knowledge of revenue accounting including calculation of contractual adjustments, bad debt reserves, cost report reserves, and other AR related calculations.
  • Exposure to Cost Report and OSHPD reporting.
  • Strong analytical and interpersonal skills with a collaborative, team-based approach required.
  • Ability to multi-task, work independently with minimal supervision, work under pressure, meet deadlines, and thrive in a fast-paced work environment.