Mount Sinai Services · 2 months ago
Senior Revenue Accountant-(Revenue Cycle) Patient Financial Services- Corporate 42nd Street-Full-Time Days (Hybrid)
New York, NY
Full-time
Hybrid
Mid, Senior Level
$130K/yr - $160K/yr
3+ years expMount Sinai Health System is one of the largest academic medical systems in the New York metro area, and they are seeking a Senior Revenue Accountant to ensure the integrity and accuracy of revenue recognition and A/R-related financial reporting. This role will involve collaborating with operations, billing, and financial planning to maintain compliance with GAAP and to identify risks and opportunities in revenue trends.
Health CareHospitalHospitality
Responsibilities
Manage end-to-end revenue recognition in accordance with GAAP, including ASC 606 compliance, including reviewing hospital contracts to ensure they comply with revenue recognition policies and provide guidance on the proper accounting treatment
Develop and maintain reports on revenue trends, highlight risks, and provide meaningful financial reporting to leadership and cross-functional teams
Coordinate, compile and analyze monthly financial data utilizing spreadsheet and database applications
Contribute to the design, implementation, and documentation of scalable revenue processes, processes, and controls
Analyze large data sets to validate underlying system configurations and financial reporting outputs
Support annual audit requests and provide documentation for revenue-related testing
Identify and implement process improvements, leveraging technology and automation to drive efficiency in revenue accounting operations
Lead revenue-related projects, coordinating cross-functional partners, tracking progress and delivering measurable business impact
Translate complex data into clear, actionable insights and develop, maintain and compile reporting tools that clearly communicate findings to diverse stakeholders
Assist revenue cycle leaders in working closely with organizational stakeholders to improve financial performance based on analytical findings
Support investigation into claims patterns, payor mix evaluation, and other strategic analytics to optimize payor performance
Develop analytical models that are well-documented containing advanced formulas and functions that are used to evaluate historical trends, forecast future expectations, or draw conclusions
Point person for revenue close including gross revenue and patient stat analysis and accounts receivable valuation calculations
Conduct complex analyses adhering to best practice standards by selecting appropriate data sources, developing assumptions, recognizing considerations, and establishing recommendations
Collaborate with cross-functional teams to define data requirements and ensure data accuracy and integrity
Identify opportunities for process improvement and efficiency through data analysis
Stay up to date with industry trends and best practices in data analysis
Resolve unreasonable results, suboptimal solutions, and data anomalies based on experience and professional judgment
Build effective, collaborative relationships with key stakeholders across departments
Resourceful in creating or fine-tuning the processes necessary to complete the work along with the ability to organize people and activities
Challenge existing norms or courses of action to facilitate fully informed decision-making. Help institute balanced decision-making by identifying risks and opportunities
Establish and maintain strong working relationships with revenue cycle leaders, key stakeholders, and foster a strong working relationship with key strategic partners
Create feedback loops and enhancement pipelines informed by stakeholders and data
Ensure compliance with all HIPAA privacy and security standards
Conform to the established policies/ procedures/ processes/ Standards of Behavior
Performs other duties as required by the Senior Director of Revenue
Qualification
Required
Bachelor's degree in accounting or finance
3+ years of recent and relevant accounting experience
Experience with ASC 606 Revenue Recognition
CPA and recent Big Four experience
Advanced MS Excel skills and experience
Prior experience with revenue cycle, financial reporting, revenue recognition, analytics, and inferential statistics
Diverse experience of healthcare databases and data sources, preferably in a large academic healthcare setting
Possess prior Big 4 audit background and/or experience in high-growth environments
Build, maintain, and refine complex financial models to produce and present accurate, data-driven reports which analyze financial performance against budgets and forecasts, identifying trends, risks, and opportunities
Solid knowledge of business, financial, strategic concepts and emerging trends
Demonstrated ability to engage in positive, powerful persuasion with individuals or groups with diverse opinions and/ or agendas, leading to outcomes that meet identified goals
Excellent verbal and written communication and organizational abilities
Accuracy, attentiveness to detail and time management skills are required
Ability to interact effectively with multidisciplinary teams, including physicians and other clinical professionals internally and externally
The ability to maintain a high level of positive energy/ creativity during periods of elevated work demands
Ability to prioritize multiple objectives in a rapidly changing environment and deliver quality outcomes
Ability to develop and maintain effective relationships at all levels throughout the organization
Preferred
Masters degree preferred
Company
Mount Sinai Services
Mount Sinai Services is a hospital & health care company located in Toronto.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase