Net Revenue Financial Consultant

Primary City/State:

Arizona, Arizona

Department Name:

Reimbursement Services-Corp

Work Shift:

Day

Job Category:

Finance

Great careers are built at Banner Health. We understand that talented professionals appreciate having options. We are proud to offer our team members many career and lifestyle choices including remote work options. Apply today, this could be the perfect opportunity for you.

The Net Revenue team is comprised of group of highly skilled and professional members that are committed to accurately capturing and reporting Net Revenue results. They work closely with various functional areas throughout the organization and truly embrace the One Team concept. The work we do is complex, challenging, and rewarding as we play a crucial part in the overall financial success of Banner Health. Being a member of this team will provide opportunity to enhance ones finance related knowledge and skills, but also set them up for future career growth opportunities. This position offers opportunity to work exclusively remote thereby promoting a better work/life balance. 

Systems frequently used: Crowe Revenue Cycle Analytics, Med Series4, NextGen, Lawson general ledger accounting system, Microsoft Office (primarily Excel and Power Point). 

Schedule: Monday - Friday between the hours of 8am and 5pm AZ Time (MST)

May be required to work longer hours during the month end close process.

This can be a remote position if you live in the following states only: AK, AZ, AR, CA, CO, GA, FL, IA, ID, IN, KS, KY, LA, MD, MI, MO, MN, MS, NH, NM, NY, NC, ND, NE, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA, WI, WV, WA, & WY 

Within Banner Health Corporate, you will have the opportunity to apply your unique experience and expertise in support of a nationally-recognized healthcare leader. We offer stimulating and rewarding careers in a wide array of disciplines. Whether your background is in Human Resources, Finance, Information Technology, Legal, Managed Care Programs or Public Relations, you'll find many options for contributing to our award-winning patient care.

POSITION SUMMARY

This position will be responsible for preparing, analyzing, and understanding the monthly accounts receivable allowances and net revenue results for the Banner Health System (this typically includes hospitals, physician practices, urgent care, and other ancillary service lines) through use of the Revenue Cycle Analytics tool. Assists leadership in understanding and reporting monthly net revenue result to the regional finance teams. Works closely with financial leadership, develops professional working relationships, and responds timely to inquiries. Analyzes reports and variances to determine deviations from trends and/or forecast. Works closely with the corporate accounting leaders to ensure net revenue numbers are complete, accurate, and in accordance to generally accepted accounting principles.

CORE FUNCTIONS

1. Performs daily balancing/reconciliation between the billing system and Revenue Cycle Analytics tool. Researches and resolves any issues that may occur in a timely manner. Coordinates with revenue cycle partners to ensure transaction/insurance codes are appropriately classified and mapped in the Revenue Cycle Analytics tool. 

2. Responsible for determining the contractual, bad debt and charity reserve estimates during month-end close through utilization of the Revenue Cycle Analytics tool. Prepares associated allowance journal entries in a timely and accurate manner. Ensures entries are properly recorded in the general ledger and reconcile to various Revenue Cycle Analytics reports.

3. Creates, distributes, and analyzes various net revenue reports that aid the divisional and facility finance leaders/personnel in understanding and interpreting their monthly net revenue results. Provides ongoing support as needed, always providing a positive customer service experience.

4. Acquires an in-depth understanding of the Revenue Cycle Analytics tool and the methodology used to estimate contractual, admin, bad debt, and charity adjustments for hospitals, physicians, and other ambulatory services. This level of knowledge is critical to support the addition of facilities/entities and potential system conversions.

5. Continually collaborates with internal business partners in accounting, finance, revenue cycle, and contract management, as well as external vendor personnel to ensure the accuracy and integrity of AR valuation and net revenue results on an ongoing basis.

6. Participates in the development and documentation of department policies, procedures, and processes. Develops and delivers multimode communications that convey a clear understanding of the unique needs of different audiences.

7. Identifies and resolves operational issues under the guidance of leadership. Independently must be able to work with internal and external professional contacts, providing a positive customer service experience at all times. Timeliness, accuracy, and the ability to prioritize multiple processes and meet critical deadlines are essential. Holds self and others accountable to meet commitments.

MINIMUM QUALIFICATIONS

Knowledge, skills, and abilities as normally obtained through the completion of a bachelor’s degree in accounting, finance, or a related field.

Requires a proficiency level typically attained with five plus years of experience in healthcare financial analysis work. Must have excellent analytical and organizational skills and the ability to manage multiple priorities with changing needs and deadlines.

Requires excellent human relations skills and the ability to effectively interact and communicate both verbally and in writing with all levels staff and outside professionals.
Advanced computer and spreadsheet skills required, primarily consisting of Word and Excel. Detail-oriented and excellent analytical skills. 

PREFERRED QUALIFICATIONS

AR valuation and net revenue accounting experience in a healthcare environment preferred. Experience with MS4 and NexGen patient accounting systems, Lawson general ledger accounting system, and Crowe Revenue Cycle Analytics tool preferred.

Additional related education and/or experience preferred.

EEO Statement:

EEO/Female/Minority/Disability/Veterans

Our organization supports a drug-free work environment.

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