What are the responsibilities and job description for the Senior Revenue Accountant PA position at Pentech Healthcare?
The Senior Revenue Accounting Analyst will serve as a key liaison between the Accounting and Revenue Cycle Management (RCM) teams, ensuring accurate and timely revenue analysis, visibility into expected revenue and collections, potential write-offs, and dynamic accounts receivable reserve setting. This role will work closely with the Senior Director of Reimbursement and Manager of RCM Integrity to improve processes, enhance data sharing between RCM and Accounting, and drive more informed decision-making regarding revenue recognition and related allowances.
Essential Job Duties : Data sharing and policy development :
Serve as a liaison between Accounting and RCM, facilitating regular data sharing on expected collection rates, changes in expected collection rates, actual cash collections, accounts receivable, denials, and write-offs.
Help develop policies and procedures governing changes to expected revenue rates, including documentation of review and approval processes.
Real-time revenue and collection analysis and adjustments :
Collect and analyze billing and collections data from RCM and Pentecs EMR system, CPR .
Track actual versus expected collections, identifying variances to both expected and prior periods in a timely manner; investigate variances and propose corrective actions or process improvements with the assistance of RCM and Accounting.
Review RCM proposed changes in expected revenue levels and proposed write-offs and advise Accounting team on recommendations.
Support FP&A and RCM in developing and maintaining cash waterfall models to enable estimation of future cash collections.
Conduct trend analyses of denials, write-offs, and other revenue and bad debt adjustments.
Participate in Monthly RCM system close meetings.
Allowance and reserve management :
Participate in the preparation and roll-forward of allowance and reserve accounts, ensuring timely and accurate adjustments to the reserve based on current collection performance, changes in expected revenue rates, changes in payor mix, and changes in expected future collections.
Assist with other quarterly reserve analyses.
Financial close and ASC 606 compliance
Support the monthly, quarterly, and annual financial close processes and the annual audit, particularly in areas relating to revenue recognition and allowance.
Prepare and record revenue-related journal entries, accruals, and adjustments.
Identify opportunities and implement changes for continuous process improvement.
Other job duties and special projects as assigned.
Ideal Candidate Will Have : Bachelors degree in Accounting or Business Administration.
5-7 years experience, with exposure to revenue recognition, allowance calculations, and financial analysis within the healthcare industry.
CPA license preferred.
Strong understanding of US GAAP, including ASC 606.
Proficiency in Excel and other financial analysis tools; experience with healthcare ERP systems and revenue cycle management software is required; experience with CPR and / or CareTend is a plus.
Excellent analytical, problem solving, communication, and interpersonal skills to work effectively with cross-functional teams.
Salary Range : $90k-$105k annual
Pentec Health offers a comprehensive compensation and full benefits package. Actual pay will be based on several factors such as qualifications and skills for the role plus geographic location.
Benefits may include but are not limited to medical, dental, vision, 401k match, PTO, paid holidays, disability and life insurance, employee assistance, flexible spending or health savings account, and other additional voluntary benefits
Salary : $90,000 - $105,000
