Job Supervisory Responsibilities: Finance/Accounting Supervisor, Coding Supervisor, Aging/Patient Accounts Supervisor, Purchasing Supervisor, Registration Supervisor, HIM Supervisor/Privacy Officer; indirect supervision of all members of the aforementioned departments and other responsibilities as assigned by Management.
General Summary: An exempt position responsible for organizing and maintaining financial accounting systems, including accounts payable, general ledger, accounts receivable, cash disbursements, financial statements, and tax information. Responsible for directing overall functions of the business office to ensure maximization of cash flow, while improving patient, physician, and other customer relations.
Essential Job Responsibilities:
Oversees and directs budgeting, business case development, long-range forecasting, audit, tax, accounting, purchasing, billing, patient accounts, registration, health information management, and insurance activities for the organization.
Responsible for overseeing the monthly submission of the Medicaid Rural Health Reconciliation Reports to the State.
Responsible for the annual submission of the Rural Health Cost Reports to CMS.
Evaluates the organization's financial position and issues periodic reports on the organization's financial stability, liquidity, and growth.
Directs financial accounting functions to ensure timely and accurate reporting of financial information.
Develops and implements policies and procedures to ensure compliance with regulatory agencies.
Responsible for the calculation and/or maintenance of physician work Relative Value Unit (wRVU) schedule and third-party payer fee schedules.
Responsible for monthly provider productivity and annual physician salary and bonus calculations and publications.
Utilizes software to generate metrics and develop actionable recommendations, provides support to team members by collecting and analyzing data and reporting results based on the needs of end users, and collaborates with various teams to achieve business results.
Develops the annual operating and capital budget. Develops processes to measure performance against plan and to forecast changes in plan.
Develops and approves financial statements, including balance sheets, profit/loss statements and analysis of variances in accounts, ratios, income/expense, and return on investment.
Develops and monitors the internal audit program to ensure internal financial controls are in place.
Reviews all third-party contracts and develops processes for measuring and reporting the revenues from these contracts.
Plans and directs patient registration, patient insurance, billing and collections, and data processing to ensure accurate patient billing and efficient account collection.
Works to promote compliance with all applicable laws, regulations, rules, and policies of governmental authorities and payors.
Directs and coordinates the yearly financial audit and oversees any special financial audits that occurs (i.e., IRS, sales tax, and managed care).
Assists with performance evaluations and recommends merit increases, promotions, and disciplinary actions.
Participates in professional development activities and maintain professional affiliations.
Maintains strictest confidentiality.
Education: Bachelor’s degree in finance/accounting required, CPA and / or Master’s degree in business or finance preferred.
Experience: Minimum of three (3 years) financial management experience including two (2) years in health care organization, preferably multi-specialty physician enterprise
Knowledge of finance and accounting functions, including budgeting, forecasting, payer negotiations, internal controls, physician compensation modeling and analysis.
Knowledge of clinic financial and budgetary practices to develop annual budget, analyze financial data and patterns, and prepare financial statements.
Knowledge of third party and insurance company operating procedures, regulations, and billing requirements and government reimbursement programs.
Knowledge of Microsoft Office suite, including advanced knowledge of Microsoft Excel.
Skilled in exercising a high degree of initiative, judgment, discretion, and decision-making to achieve clinic’s mission.
Skilled in evaluating operations as they relate to policies, goals and objectives, costs, and rate levels.
Skilled in establishing and maintaining effective working relationships with employees, policy-making bodies, third party payors, patients and the public.
Skilled in identifying and resolving accounting and financial problems.
Ability to create an atmosphere that encourages motivation, innovation, and high performance.
Ability to delegate responsibility and authority to staff.
Ability to communicate effectively and clearly.
Internal Number: 12345
About Hannibal Clinic Operations, LLC
Hannibal Clinic is a physician directed corporation whose mission is to support and assist its physicians and other healthcare providers in the practice of medicine founded upon excellence, compassion, honesty and integrity.
Hannibal Clinic was founded in 1957 by four visionary Physicians, and has grown to the corporation it is today - with over 50 Physicians practicing in 20 specialties. In 2018 Hannibal Clinic merged with Blessing Health System with the goal to better serve the community and patients of the area.