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Financial Analyst

Company: Landmark Medical Center
Location: Denville
Posted on: November 26, 2022

Job Description:

Prime Healthcare is an award-winning national hospital system with 45 acute-care hospitals in 14 states with nearly 50,000 employees and physicians. Through a physician-directed and patient-centered model, passionate dedication to quality, evidence-based best practices, operational efficiency, technology and capital investment, our hospitals are recognized among the best in the nation. Prime Healthcare has been named a "Top 15 Health System" by Truven and our hospitals are consistently among the "Top 100 Hospitals" in the country.The Financial Analyst Completes and analyzes financial and statistical reporting and provide quantitative and analytical support to the Central Business Office Finance team. Assists with the preparation of the consolidated financial statements and related footnote disclosures. Ensures timely and accurate financial information, covenant reporting, financial projection and budgeting, and related activities. Responsibilities Working with Revenue Cycle, Business Office, and Decision Support in analyzing and monitoring the valuation of patient accounts receivables and credit balances for all hospitals and physician groups. Development, enhancement, and continuous standardization of the AR valuation models and process, assuring proper controls are in place to accurately estimate AR. Develop training materials on AR estimates for local CFOs and Controllers. Estimate net patient revenue on a monthly basis across all hospitals, in conjunction with estimating AR. Reviewing bank reconciliations to identify any significant issues related to unposted patient cash receipts. Assist local CFOs with monitoring aged accounts with no activity > 60 days. Coordination with hospital Controllers, CFOs, and Business Offices with the annual financial audit of the Revenue Cycle process. Prepare collection agency decision models and monitoring collection agency performance through various benchmarks. Analyzing KPIs to identify trends and opportunities for improvement in internal collection efforts. Perform walkthroughs and gap analyses within the revenue cycle process and assist with the preparation of executive presentations to summarize results of findings. Assist with the preparation of the consolidated financial statements and related footnote disclosures. Technical accounting research and memo preparation related to goodwill impairment, business combinations, variable interest entities, etc. Identify process improvements to enhance financial reporting. Prepare and provide quantitative and analytical support to the Corporate Finance team. Other related duties and ad hoc projects, as needed. Qualifications Bachelor Degree in Accounting/Finance or Business Administration 2+ years experience in revenue cycle/finance Healthcare related industry experience required Payor Relations/Managed Care Contracting knowledge a plus Big 4 experience preferredWe are an Equal Opportunity/ Affirmative Action Employer and do not discriminate against applicants due to veteran status, disability, race, gender, gender identity, sexual orientation or other protected characteristics. If you need special accommodation for the application process, please contact Human Resources. EEO is the Law: \_files/employers/poster\_screen\_reader\_optimized.pdfJob Type: Full-timeBenefits: 401(k) Dental insurance Health insurance Vision insuranceSchedule: Day shift Monday to FridayAbility to commute/relocate: Denville, NJ 07834: Reliably commute or planning to relocate before starting work (Required)Education: Bachelor's (Required)Work Location: One location

Keywords: Landmark Medical Center, Paterson , Financial Analyst, Accounting, Auditing , Denville, New Jersey

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