What are the responsibilities and job description for the Senior Financial Analyst Net Revenue position at AdventHealth Daytona Beach?
Senior Financial Analyst
Net Revenue
All the benefits and perks you need for you and your family :
- Benefits from Day One
- Paid Days Off from Day One
- Student Loan Repayment Program
- Career Development
- Whole Person Wellbeing Resources
- Mental Health Resources and Support
Our promise to you :
Joining AdventHealth is about being part of something bigger. Its about belonging to a community that believes in the wholeness of each person, and serves to uplift others in body, mind and spirit. AdventHealth is a place where you can thrive professionally, and grow spiritually, by Extending the Healing Ministry of Christ. Where you will be valued for who you are and the unique experiences you bring to our purpose-minded team. All while understanding that together we are even better.
Schedule : Full Time
Location : AdventHealth Daytona Beach
770 W Granada Boulevard Ormond Beach, FL 32174
The role youll contribute :
The recognition of revenue in healthcare is a high risk, estimation process requiring significant oversight, standard methodologies, and frequent analysis to ensure accurate estimates are achieved. The Senior Financial Analyst Net Revenue will be located at the AdventHealth corporate headquarters and be responsible for performing and providing oversight over the centralized procedures around the net patient service revenue calculations. This includes the hospital net revenue calculation within the Crowe Revenue Cycle Analytics (RCA) tool, the non-hospital Excel net revenue template and performing hindsight / lookback analysis to validate the net revenue estimation process. Candidates should have a strong desire to obtain an understanding of the application of healthcare revenue estimates in accordance with Generally Accepted Accounting Principles. This role requires a strong analytical and problem-solving skills, ability to follow detailed process documentation, dedication to prioritize to meet deadlines and a desire to identify and recommend process improvements. Also, it will require the ability to accomplish department objectives by supervising staff through organizing and monitoring work processes.
The value youll bring to the team :
Assist with the preparation and oversight of the net revenue pre-close and close procedures within the Crowe RCA tool on a monthly basis. This primarily includes :
Perform and review routine centralized reserve calculations within the Crowe RCA tool, prepare calculations for any necessary manual adjustments and maintain documentation of the process used.
Utilize Excel for analyzing Crowe RCA reporting and use / develop templates to streamline routine processes.
Generate and maintain reports from the Crowe RCA tool for the month end close process, internal audits and external audits.
Assist the facilities in analyzing the net revenue results from the Crowe RCA tool as needed.
Review the daily reconciliation prepared by the Net Revenue Analyst to monitor the data feeds from the patient accounting system into the Crowe RCA tool.
Through identifying and weighing available options, apply discretion, independent thinking, and judgment during resolution of net revenue discrepancies
Identify and help resolve problems in the net revenue accounting processes and when appropriate, identify potential outcomes, select most appropriate course of action, and initiate change to prevent future problems or improve existing processes
Endorse a team centered environment and mentor the Net Revenue Analysts in developing a better understanding of the Crowe RCA tool and net revenue process through supervision of their work and providing timely feedback.
Organizing workflow and providing oversight of Net Revenue Analysts duties or delegated tasks.
Maintain the standard non-hospital Excel template for the physician and home health service lines. Work with the Net Revenue Manager to process and review changes to the Excel template and draft communication of the changes to facility leadership.
Coordinate with peers and facility finance and accounting teams to understand the needs of the end user and prepare instructions / templates for net revenue process for both the Net Revenue department and facilities.
The expertise and experiences youll need to succeed :
Minimum qualifications :
Bachelors degree or higher in Accounting or Finance
Two or more years of experience in net revenue, accounting, finance, reimbursement or revenue cycle operations.
This facility is an equal opportunity employer and complies with federal, state and local anti-discrimination laws, regulations and ordinances. The salary range reflects the anticipated base pay range for this position. Individual compensation is determined based on skills, experience and other relevant factors within this pay range. The minimums and maximums for each position may vary based on geographical location.
Category : Accounting / Finance
Organization : AdventHealth Daytona Beach
Schedule : Full-time
Shift : 1 - Day
Req ID : 24044266
We are an equal opportunity employer and do not tolerate discrimination based on race, color, creed, religion, national origin, sex, marital status, age or disability / handicap with respect to recruitment, selection, placement, promotion, wages, benefits and other terms and conditions of employment.
