Senior Financial Analyst

7 hours ago

Chicago, Illinois, United States Axelon Full time
Job Summary

We are seeking a highly skilled Senior Financial Analyst to join our team at Axelon. As a key member of our finance department, you will be responsible for ensuring the accurate and timely financial performance of our research revenue cycle activities.

Key Responsibilities:

  • Manage and reconcile all revenue secured by Clinical Trials Research Revenue Cycle
  • Work closely with operations, sponsors, and accounting to ensure invoices and credits are applied to each client account
  • Verify that EPIC payment files are accurate and subsequently uploaded for processing and fulfillment
  • Revised previously invoiced projects for adjustments and reissue client invoices as needed
  • Work with IS on updates and other system changes regarding billing, profit calculation and other financials
  • Adjust project billing statuses as needed so that accounting has access to accurate client Statement Reports
  • Perform a reconciliation of revenues and costs with accounting and project managers
  • Work with Project Managers to secure third party vendors that are within project budgets
  • Responsible for ensuring final invoices from the vendors are received and accurate based upon agreed costs
  • Review accuracy of the Clinical Research Coverage Analyst and Clinical Research Financial Analyst daily work
  • Review/audit of daily activity of the Clinical Research Coverage Analyst and Clinical Research Financial Analyst and monitor results
  • Generates Epic and OnCore reports for analysis and communicates findings to Director and team
  • Provides resolution of escalated issues, including researching CA, Epic, OnCore, Rush Research Portal, and other sources necessary to provide support to staff
  • Responsible for day to day supervision of the Budget/Invoicing (FA) analysts
  • Consistently monitor employee productivity metrics to evaluate performance and ensures staff meets productivity standards
  • Performs annual performance evaluations
  • Identifies staff issues and assists in resolution
  • Participates in hiring, progressive discipline and termination processes
  • Orients new staff and provides ongoing training to existing staff
  • Ensures appropriate staffing levels
  • Reviews quarterly staff-work files for quality
  • Effectively communicates with Revenue Cycle colleagues, study teams, patients, Office of Research Affairs, IRB, RUMC Compliance, and all partners in the Research Continuum
  • Stays current on all internal processes related to research billing
  • Stays current on Medicare, National and local, regulations and guidelines, policies and procedures governing Research billing
  • Provides opportunities for regular training for staff
  • Coordinates training with Epic and OnCore team as needed
  • Identifies opportunities for the development and implementation of new solutions and/or exceeds staff/customer/patient needs
  • Develops new ideas resulting in improvements to existing methods, services, processes and/or procedures
  • Ensures protection of private health and personal information
  • Adheres to all federal and state compliance regulations
  • Stays abreast of industry & regulatory changes impacting functional areas and revenue cycle
  • Identifies potential impact and required changes
  • Strives to promote best practices within functional area and revenue cycle; stays current on all processes and regulatory requirements specific to Research Billing
  • Maintain a detailed understanding of Medicare's Clinical Trial Policy (NCD and related guidance documents
  • Performs related duties, as required
  • Bachelor's degree in business, finance or related discipline; equivalent work experience may be considered in lieu of degree
  • At least five years of experience required in billing, collections, insurance, technology support, or customer service
  • AAPC or AHIMA certification in coding, with experience in research medical billing and coding
  • Proficiency with medical terminology as well as medical research billing language
  • Must demonstrate thorough knowledge of the three code sets that are currently in use: Current Procedural Terminology (CPT), ICD-10-CM, and Healthcare Common Procedure Coding System (HCPCS) Level II
  • Demonstrated understanding of Governmental and Commercial insurer payment practices and methodologies
  • Have a working knowledge of clinical trial management system(s) (CTMS) as well as medical billing software (i.e. OnCore, EPIC)
  • Excellent verbal and written communication skills due to direct interaction with senior management
  • Strong time management and organizational skills with the ability to effectively multi-task and meet deadlines
  • Strong problem solving and financial analytical skills
  • High degree of accuracy for analyses and processes
  • Must have a strong customer service focus
  • Ability to plan, manage and implement projects
  • Ability to interact professionally with all levels of employees; ability to manage diverse teams
  • Aptitude for improving professional knowledge and technical skills through development efforts
  • Ability to motivate, mentor and develop talent
  • Must have a high level of integrity
  • Ability to observe charge entry trends, determine root cause of errors, identify possible solutions and implement changes to workflows as needed
  • Ability to assert professional leadership in team meetings, providing staff with necessary documentation and pertinent summaries to improve productivity and reduce error rates

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