What are the responsibilities and job description for the Regional Financial Consultant position at GHC LTC Management LLC?
Major Duties and Responsibilities
Plans, develop, organizes, implements, evaluates and directs the overall financial operation of the region as well as its programs and activities, in accordance with generally accepted accounting principles and current state and federal laws/regulations.
Reports the region’s financial performance at least monthly, and more frequently as needed, to the Regional Director of Operations.
Identifies, in conjunction with the Administrators and selected department heads, the facility’s key performance financial indicators. Establishes an ongoing system to monitor these key indicators. These key performance indicators promote the fiscal health of the facility.
Evaluates key performance indicator outcomes with department heads to determine the need for action from leadership and/or management such as re-education or revisions related to the facility’s financial outcomes.
Develops and implements processes and systems for the Business Office managers to manage billing, collections (A/R), accounts payable (A/P), patient trust, liability notices, general ledger functions, business/payroll taxes, purchase orders, cash flow and all necessary business transactions using generally accepted accounting principles.
Ensures the Business Office managers procedures comply with regulatory requirements related to bed-hold notice requirements.
Develops and implements payroll accounting processes, including special accounting functions required by any employee benefit or retirement plans, insurance accounting required by the federal Family and Medical Leave Act, etc.
Produces monthly facility income statement.
Prepares financial records and cost reports for submission to authorized government agencies as required by current regulations.
Utilizes and is proficient in various excel, word, adobe, and other electronic reporting formats.
Makes written and oral reports/recommendations routinely and as requested.
Ensures facility’s monthly billing is completed timely using facility A/R software.
Ensures facility’s billing checks and balances are followed by all team members as required by facility policy including but not limited to the balancing of the daily census, Medicare triple check prior to billing, etc.
Maintains working knowledge of all aspects of facility’s financial software program.
Develops and monitors accounts receivables. Reports delinquent accounts and solutions to overcome obstacles to the Regional Director of Operations.
Develops and maintains written policies and procedures that govern the accounting functions of the facility.
Maintains a working knowledge of the state long term care Medicaid insurance program, Medicare Part A, B and C insurance programs, and private long term care insurance programs.
Projects and develops yearly facility budgets with the Administrator. May be expected to report projected budgets with the Administrator to the Board of Directors
Develops and maintains positive relationships with residents, employees, and family members.
Promotes and establishes effective communication and customer service to achieve facility goals and customer satisfaction.
Supervises all Business Office personnel and their work functions.
Evaluates work performance of Business Office personnel in concert with Human Resources for expected performance outcomes.
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Promotes teamwork, mutual respect, and effective communication. Promotes positivity and active daily problem solving.
Reads and stays informed regarding developments in the skilled nursing sector and associated support services, regulatory, business practices and other entities potentially influencing the facility’s fiscal health.
Promotes and encourages an environment of trust within the Business Office as well as with department heads and all facility employees.
Promotes safe work practices, safety rules, and accident prevention procedures to prevent employee injury and illness.