Manager Enterprise Reimbursement - Net Revenue PB

WVU Medicine; Union (WV); On-site; USD 110,000 - 190,000; Full time

Job summary

West Virginia University Health System is seeking a senior finance professional to oversee regulatory reimbursement compliance, net revenue management, and budgeting across our hospitals.

The role requires a Bachelor’s in Business with Accounting/Finance, 5 years of healthcare finance experience, and advanced credentials (MBA/CPA). You will lead a team, coordinate with auditors, payers, and WV HCA staff, and drive opportunities to improve financial performance.

Qualifications

• Bachelor’s degree in Business with a major in Accounting or Finance.
• Five (5) years of experience in healthcare finance or accounting.
• MBA or CPA is preferred.

Responsibilities

• Ensures hospitals are in compliance with state and federal reimbursement regulations.
• Manages preparation and analytical review of Medicare Cost Reports and WV HCA filings.
• Analyzes reimbursement regulations to assess financial impact of changes.
• Coordinates development of the net revenue budget.
• Coordinates with various departments to monitor revenue and reserves for contractuals, bad debt and charity.

Skills

Verbal communication

Written communication

Interpersonal skills

Excel

Education

Bachelor’s degree in Business (Accounting or Finance)

MBA or CPA (preferred)

Job description

Welcome! We’re excited you’re considering an opportunity with us! Below, you’ll find other important information about this position.

This position is responsible for ensuring that all WVUHS hospitals are in compliance with all state and federal regulatory reporting requirements relating to reimbursement.
Extensive knowledge of third party reimbursement regulations is required.
This position is also responsible for managing net revenue, development of budget, reserve analysis and identifying and implementing revenue enhancement opportunities.

Minimum Qualifications

EDUCATION, CERTIFICATION, AND/OR LICENSURE:

• Bachelor’s Degree in Business with a major in Accounting or Finance.

Experience

• Five (5) years of experience in healthcare finance or accounting.

Preferred Qualifications

EDUCATION, CERTIFICATION, AND/OR LICENSURE:

• MBA or CPA.

CORE DUTIES AND RESPONSIBILITIES

The statements described here are intended to describe the general nature of work being performed by people assigned to this position. They are not intended to be constructed as an all-inclusive list of all responsibilities and duties. Other duties may be assigned.

• Ensures that all Hospitals are in compliance with all state and federal regulations related to reimbursement
• Manages the preparation and analytical review of all external Medicare Cost Reports, WV HCA filings and all other state or federal reimbursement filings for all hospitals
• Reviews and analyzes all state and federal reimbursement regulations to ensure compliance and presents financial impact of changes in regulations
• Communicates directly with external auditors, third party payors and WV HCA staff in regard to financial matters.
• Coordinates the development of the net revenue budget
• Establishes a process for ongoing monitoring of gross and net revenue, including an analysis of reserves for contractuals, bad debt and charity
• Coordinates with patient financial services and accounting the processing of changes in third party payment requirements and the impact on financial reporting and financial statements
• Ensures that the financial terms of managed care contracts are thoroughly and accurately analyzed and monitored
• Ensures that the long range financial planning process includes accurate and up to date reimbursement assumptions
• Coordinates projects related to revenue enhancement opportunities
• Works with legal counsel and the fiscal intermediary to identify and resolve outstanding Medicare appeal issues.
• Develops and maintains an ongoing staff development program and an orientation program for the reimbursement staff
• Consistently monitors and documents performance of staff members and utilizes appropriate reward and disciplinary measures as needed
• Demonstrates an ability to create an atmosphere that fosters motivation of staff to work at optimal efficiency and encourages staff to regularly establish and achieve departmental goals
• Provides leadership and direction to professional staff and maintains a professional working relationship with all staff, always responds to staff concerns in a professional and timely manner; maintains appropriate interdepartmental communication

PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORKING ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Skills And Abilities

• Effective verbal and written communications skills and strong interpersonal skills are required
• Extensive knowledge of personal computers, Excel software is desirable

Additional Job Description

Scheduled Weekly Hours

40

Exempt/Non-Exempt

Shift

United States of America (Exempt)

Company

SYSTEM West Virginia University Health System

Cost Center

540 SYSTEM Finance and Reimbursement