Manager, Revenue Analytics

Hackensack Meridian Health; Woodbridge Township (NJ); On-site; USD 120,000 - 146,000; Full time

Benefits offered by this job

Health benefits

Dental benefits

Vision benefits

Paid leave

Tuition reimbursement

Retirement benefits

Job summary

Hackensack Meridian Health in New Jersey seeks a Manager, Revenue Analytics to lead monthly revenue and accounts receivable analysis, collaborating with hospital site directors to prepare and analyze statistics and the annual revenue budget.

You will oversee finance reporting, budgeting, audit coordination and internal controls, guiding staff and coordinating with auditors to ensure accurate financial information and continuous improvement.

Qualifications

• Bachelor's degree in Accounting, Finance or related field.
• Seven or more years of hospital finance experience.
• Demonstrated knowledge and application of GAAP.
• Excellent analytical skills.
• Must be highly computer literate, including advanced use of Excel.
• Must be able to establish effective working relationships with Senior Management and Staff at all levels.

Responsibilities

• Produce the financial data needed to complete the monthly revenue projections.
• Review and analyze hospital patient accounts receivable and revenue monthly, plus variances and trends for senior management.
• Prepare and reconcile monthly hospital statistics (inpatient and outpatient).
• Explain monthly and year-to-date variances using financial and operational data.
• Complete and support the annual revenue budget with appropriate spreading methodology.
• Perform and present highly complex financial analysis to senior management.
• Forecast trends, costs, revenues and future revenues.
• Coordinate with internal/external auditors on revenue, AR and third party issues.
• Oversee accounting functions and ensure accurate financial information.
• Supervise accounting staff and provide back-up as needed.

Skills

Advanced Excel

Analytical skills

GAAP knowledge

Stakeholder management

Education

Bachelor's degree in Accounting or Finance

Master's degree or CPA preferred

Tools

PeopleSoft ERP

Advanced Excel

Job description

Overview

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

Manager, Revenue Analytics is responsible for the completion of Hackensack Meridian Health's (HMH) monthly revenue and accounts receivable analysis, as well as working with respective hospital site directors in preparing and analyzing statistical analysis and preparing the annual revenue budget within their assigned region. Job responsibilities include all financial aspects of HMH's goal of achieving growth through analysis of revenue. Additional responsibilities include all operational matters affecting the preparation and reporting of monthly financial statements, budgeting, audit coordination, internal controls compliance, PeopleSoft general ledger build & maintenance, etc.

Responsibilities

A day in the life of a Manager, Revenue Analytics at Hackensack Meridian Health includes:

• Produces the financial data needed to complete the monthly revenue projections.
• Reviews and analyzes the hospital patient accounts receivable and revenue on a monthly basis, as well as analysis of variances and trends for presentation to senior management.
• Prepares and reconciles the monthly hospital statistics both inpatient & outpatient.
• Explains monthly and year-to-date variances and fluctuations (actual-to-budget / actual-to-prior year) using statistical, financial, and operational data.
• Responsible for the timely completion of the monthly Finance Committee presentation package, including providing technical support on the automated functions.
• Completes and monitors HMH's annual revenue budget, including correlation to statistical budgets (admissions, observations, same day surgeries and outpatient visits), and applies appropriate spreading methodology throughout the year.
• Perform and present highly complex financial analysis to senior management.
• Performs financial forecasting; Analyzes trends, costs, revenues to predict future revenues.
• Acts as point person with internal and external auditors on all revenue, accounts receivable and third party issues, drafting up all memos to support methodology for which analyses are built.
• Manages the general accounting function specific to hospital-based revenue and oversees outsourced accounting functions, if applicable; Ensures financial information has been recorded accurately.
• Maintains highly detailed work papers in a paperless work environment.
• Supervises, trains, assists, reviews, and provides back-up support to Accounting Staff, and promotes continuous quality improvement.
• Supervises all outside consultants who participate in the revenue valuation process.
• Other duties and/or projects as assigned.
• Adheres to HMH's Organizational and Managerial competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required:

• Bachelor's degree in Accounting, Finance or other related field.
• Seven or more years of hospital finance experience in a hospital or CPA environment.
• Demonstrated knowledge and application of GAAP.
• Excellent analytical skills.
• Must be highly computer literate, including advanced use of Excel.
• Must be able to establish effective working relationships with Senior Management and Staff at all levels of the organization.

Education, Knowledge, Skills and Abilities Preferred:

• Master's degree in Finance or Certified Professional Accountant (CPA).
• Supervisory experience in an Accounting/Finance Department.

Licenses and Certifications Preferred:

• Master's degree in Finance or Certified Professional Accountant (CPA).

Starting Minimum Rate

Minimum rate of $133,120 Annually

Job Posting Disclosure

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package. The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to: Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness. Experience: Years of relevant work experience. Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training. Skills: Demonstrated proficiency in relevant skills and competencies. Geographic Location: Cost of living and market rates for the specific location. Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization. Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered. Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts. In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.