Advocate Health Care · 4 months ago
Contract & Finance Specialist
Oak Brook, IL
Full-time, Contract
Onsite
Mid Level
$28/hr - $45/hr
3+ years expAdvocate Health Care is seeking a Graduate Medical Education (GME) Contract and Finance Specialist who will manage the negotiation and preparation of medical education affiliation agreements for fellows, residents, and medical students. The role also involves oversight of GME reimbursement and affiliate billing processes, ensuring compliance with regulatory bodies.
Clinical TrialsDeliveryHealth Care
Responsibilities
Educates and serves as a system resource for sites and department personnel on matters related to medical education contracting
In conjunctions with the CAO and the Senior DME, is responsible for initiating and executing the annual Undergraduate Medical Student Attachments for the 3 primary affiliated medical schools
Responsible for developing and maintaining a rotation/preceptor data base for each participating site for all system Master Physician Assistant Affiliation Agreements
In conjunction with the CAO and Senior DME establishes policy/ protocol for tracking all medical education agreements and PLA’s
Responsible for establishing contract tracking as per policy/protocol, educating/orienting sites and programs and conducting on-going monitoring to insure compliance
In conjunction with the CAO and the Senior DME, initiates, reviews, negotiates and executes system and hospital specific Medical Education Affiliation Agreements and any related Subordinate Agreements or Program Addendum
Includes medical students, residents/fellows and Physician Assistant students
Includes Advocate teaching and non-teaching hospitals as applicable, AMG and Dreyer Clinic
Partners with legal and risk departments in final review, as necessary
Assures compliance with all regulatory and accrediting bodies
Initiates and/or reviews for approval any requested contract amendments or addendum
Insures affiliation agreement are compatible with Advocate CAP allocations
In conjunction with the CAO and the Senior DME initiates, reviews, negotiates and executes all Advocate Department of Medical Education system wide agreements e.g. MedHub Agreement
Develops templates for Program Letters of Agreement (PLA) to be used by Advocate residency programs when a full medical education affiliation agreement is not warranted
Educates sites and programs on use of PLA’s
Develops template for PLA amendments as required e.g. new Program Director
Updates templates as needed to insure compliance with regulatory and accrediting bodies
Serves as resource to sties and programs for questions or concerns
Reviews and approves all PLA’s prior to signature
Reviews/ Updates/ Develops template of annual Resident Agreement for Advocate Graduate Medical Education Committee for review and approval
Assures compliance with all accrediting bodies applicable to Advocate sponsored and administered residency programs: ACGME, AOA, CODA and CPME
Once approved, implements the execution of all Resident Agreements from the central medical education office each academic year. Distributes to resident and sites for signature. Tracks completion
Responsible for generating any requested amendments and/or addendum
Oversees the preparation and monitoring of the annual IRIS report. Submits to Advocate Director of Medicare Reimbursement as part of Advocate’s annual cost reporting process for Medicare reimbursement of residents and fellows
Based on annual IRIS report, maintains Resident FTE/CAP 3 year tracking data base to insure site compliance with Advocate policy regarding funded and unfunded resident FTE’s
Oversees the annual aggregate agreement process to allocate CAP across all teaching sites in order to maximize reimbursement. Works cooperatively with Advocate Director of Medicare Reimbursement to maximize reimbursement and maintain capitated resident position levels
Responsible for the billing and collection of all medical student fees as per affiliation agreement(s)
Verifies student rotations; resolves questions or issues
Generates invoice (quarterly and semi-annual)
Deposits and tracks payments
Annual report to CAO and SR Director of total collection by school and Advocate site
Prepares impact analysis on proposed federal reimbursement changes related to medical education for Advocate
Educate site and department personnel on federal and state funding issues and impact on medical education for Advocate
Tracks cost relative to benefit using standardize approach at all hospitals for all internally and externally sponsored programs
Qualification
Required
BA
3 years' experience in contracts and finance
Demonstrated self-directed, results-oriented, creative approach to projects
Assisted with medical education contracting
Demonstrated leadership ability and management skills
Ability to succeed in changing environment and handle multiple responsibilities
Demonstrated ability to problem solve and analyze procedure/process changes
Communication skills
Understands and supports faith-based philosophy of AHC
Occasional odd or extended hours to meet deadlines
Attend meetings as required
Ability to travel
Company
Advocate Health Care
Advocate Health Care is an integrated healthcare delivery system based in Illinois, United States.
10001+ employees
H1B Sponsorship
Advocate Health Care has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (26)
2024 (9)
2023 (6)
2022 (16)
2021 (8)
2020 (7)
Funding
Current Stage
Late StageTotal Funding
$18M2013-10-03Series Unknown· $18M
Leadership Team
Barbara Hancock
Executive Assistant to the President and Chief Operating Officer
David Rich
Clinical Practice Partner
Recent News
2025-10-10
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