Revenue Cycle ControllerLouisville, Kentucky
We are recruiting for a Revenue Cycle Controller to join our Hospital Division Finance Department in Louisville, Kentucky.
Manages the monthly accounting close functions for the Revenue Cycle operations including cost allocations, SOX key controls, monthly financial reporting and ad-hoc analysis. To provide strategic program support for the Revenue Cycle Optimization Program (RCOP) and Revenue Cycle operations.
Essential Functions and Key Responsibilities:
Establishes policies, ensuring compliance with SOX or other regulatory guidelines
Directs maintenance of divisions’ general ledger, oversees close and approves financial reporting
Aligns department strategy with the goals of the division
Conducts ad-hoc analysis of division finances and prepares reports with findings
Manage AR Accounting Process while working directly with Revenue Cycle Team
- Internal and external audit support
- Net revenue policy and procedure updates
Perform month-end allocation entries for CBO, admissions, and other revenue cycle functions
- Review manual revenue entries for accuracy
Accrue, review and allocate revenue cycle vendor invoices to facilities and ensure accuracy of invoices
Verify reserves are placed on patient accounts according to policy and make correcting journal entries when necessary
Provide guidance and work closely with the CBO to ensure AR is appropriately stated on the balance sheet
Resolve Meditech GL errors timely during monthly close and ensure proper mnemonics are used and setup in Meditech for all payers
Reconcile patient refund requests with accounts payable and resolve errors each month
Ensure Credit Balances are appropriately resolved and tracked
Complete monthly reconciliations from Meditech to SAP, including PBN and CaptureNet
- Discontinued operations AR accounting resolution
Implement new and sold buildings process to appropriately account for the AR and manage cash transfers
Automate and improve accounts receivable month-end processes
- Monitor cash collections and update hindsight file monthly
- Review and monitor physician billing to maximize reimbursement
Work with outside vendors to ensure proper set up with Kindred Systems and reconcile payments and refunds
Work closely with reimbursement on AR items, including resolution of 11T issues
Oversee deposits of patient payments coming to the Support Center
- CBO bonus calculation
- Responsible for all Net Revenue Monthly Journal Entries
Excellent oral and written communication and interpersonal skills
Knowledge of Patient Accounting systems and General Ledger systems
Knowledge of accounting, finance, and healthcare revenue recognition
Demonstrated problem solving and analytical skills
Approximate percent of time required to travel: 10%
- Bachelor’s degree
- CPA preferred
- Field-based accounting experience.
- Revenue cycle preferred.
- 3+ years in accounting or related field
Depending on a candidate’s qualifications, this position may be filled at a different level.
If you are a current Kindred/RehabCare employeeClick Here.
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