Accounting Specialist; Revenue Cycle Accounting Specialist Job Northern Kentucky USA,Accounting

Accounting Specialist (Revenue Cycle Accounting Specialist)

Job no: 541670
Work type: Staff Full-Time
Location: Main Campus (Gainesville, FL)
Categories: Business/Accounting/Finance, Office/Administrative/Fiscal Support, Health Care Administration/Support
Department: - SH-FINANCE-PATIENT ACCOUNTING

Classification

Title:

Accounting Specialist

A bachelor's degree in an appropriate area of specialization and one year of appropriate experience or an equivalent combination of education and experience.

Job Description:

The Opportunity

The Student Health Care Center (SHCC) at the University of Florida is seeking an Accounting Specialist (working title: Revenue Cycle Accounting Specialist). Reporting to the Accounting Manager, this position is responsible for supporting insurance collections, revenue cycle operations, and financial reporting through the accurate and timely recording of insurance remittances, reconciliation of insurance and other payments, and monitoring and analysis of accounts receivable.

The

key responsibilities of the position include the following:

Responsible for accurately recording daily and weekly insurance revenue and ensuring revenue is recorded in the appropriate accounting period. Reconcile insurance remittances and patient payments (bursar) to the general ledger, as well as bank deposits and payment batches, to ensure completeness and accuracy of recorded revenue. Monitor revenue activity by payer, provider, and service line, as appropriate, and investigate and resolve discrepancies as needed.

Maintain accurate and organized supporting documentation for all revenue and payment reconciliations in accordance with university accounting policies and procedures.

Accounts Receivable Management

Analyze accounts receivable by payer, aging, provider, location, and other relevant categories to monitor outstanding balances and identify opportunities to improve collections. Identify trends in delayed or outstanding insurance payments by payer and investigate and resolve discrepancies that may impact the accuracy or timely collection of receivables. Collaborate with the billing team to address unresolved accounts, payment issues, denials, underpayments, and other barriers to timely insurance collections.

Monitor collection performance and key accounts receivable metrics, prepare regular A/R reports, and communicate significant trends, variances, and collection concerns to management. Assist in establishing collection priorities for older, high-dollar, or otherwise high-risk outstanding balances and support efforts to improve overall A/R performance and cash flow.

Gather, compile, and analyze financial and revenue cycle data and prepare monthly insurance collections and financial reports for SHCC leadership. Prepare and maintain reports related to insurance revenue, collections, accounts receivable, and key revenue cycle performance metrics. Analyze actual results against budget, prior periods, and established targets to identify trends, variances, and opportunities for improvement. Develop and maintain financial dashboards and key performance indicators, including payer mix, revenue trends, collection rates, A/R aging, and other relevant financial and revenue cycle metrics.

Identify unusual or significant variances, investigate underlying causes, and communicate findings and recommendations to practice leadership. Provide timely financial information and analysis to support operational and strategic decision-making and assist with annual budgeting and forecasting related to insurance collections and revenue.

Accounting Operations & Internal Controls

Gather, compile, and analyze financial and revenue cycle data and prepare monthly insurance collections and financial reports for SHCC leadership. Prepare insurance revenue, collections, and accounts receivable reports and analyze actual results against budget, prior periods, and established targets. Develop and maintain financial dashboards and key performance indicators, including payer mix, revenue trends, collection rates, A/R aging, and other relevant financial and revenue cycle metrics.

Identify unusual or significant variances, investigate underlying causes, and communicate findings and recommendations to practice leadership. Provide timely financial information and analysis to support operational and strategic decision-making and assist with annual budgeting and forecasting related to insurance collections and revenue.

Typical Schedule:

Typical hours will reflect those of…