Financial Coordinator

Financial Coordinator Department:
Finance / Business Office

Position Title:

Financial Coordinator

Employment Type:

Full Time Position Summary The Financial Coordinator performs a variety of financial reporting, modeling, analysis, and revenue cycle functions to support the financial operations of Boone Memorial Health. Responsibilities include reviewing general ledger information, preparing financial statements and reports, assisting with budgeting and forecasting, and analyzing financial data to identify trends, variances, and opportunities for improvement.

This position also supports revenue cycle operations by processing complex claim edits, maintaining electronic health record information, coordinating billing and insurance correspondence, and ensuring the accuracy of financial transactions and reports. The Financial Coordinator applies accounting and financial principles to resolve moderately complex business problems and collaborates with Business Office personnel, management, and other departments to support organizational goals.

Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Financial Reporting and Analysis Identify, compile, and analyze financial data from multiple sources.

Process monthly general ledger entries, perform reconciliations, and conduct complex account analyses to identify and correct inaccuracies.

Prepare work papers, reconciliations, and schedules for regulatory and financial audits; provide supporting documentation and explanations to auditors.

Prepare and report monthly financial activity to senior leadership, including researching trends and variances.

Respond to management requests for financial statements, budgets, projections, and other accounting-related information.

Research and calculate the financial impact of operational changes, including effects on budgets, financial data, and financial systems.

Assist with forecasting, planning, financial modeling, and annual budgetary procedures as needed.

Revenue Cycle and Billing Operations Process complex claim edits (SITs) in Revenue Cycle Management (RCM) software accurately and efficiently.

Provide guidance and assistance to Business Office team members regarding SITs and related processes.

Process attorney, bankruptcy, and expired patient correspondence for hospital and clinic accounts.

Process Workers' Compensation paperwork and Good Faith Estimates.

Complete billing processes for the Breast Cancer Cervical Screening Program (BCCSP) and the Donald R. Kuhn program, as well as applicable state-awarded or custody agency billing.

Process automatic billing for hospital and clinic services.

Post payments, scan and copy correspondence, and forward appropriate information to outsourced billing services.

Handle cash, balance accounts, and maintain applicable spreadsheets.

Post, log, and report Healthcare Financial Services (HCFS) and Key Bridge payments.

Forward billing and insurance correspondence to HCFS and Key Bridge for collection efforts.

Identify and correct charge, billing, insurance, and departmental errors and communicate with CPSI as needed.

Merge patient accounts as necessary and communicate relevant information to other departments daily.

Systems, Records, and Administrative Support Maintain the Physician Table in the CPSI electronic health record (EHR) system.

Maintain knowledge of the Item Master and add, modify, or update items as needed.

Prepare and process departmental reports, including the 72-Hour Report and Charges Outside Date of Service report.

Manage telephone communications and accurately direct messages to physicians, staff, and other appropriate personnel.

Maintain confidentiality regarding all medical, professional, financial, and accounting matters.

Complete advanced administrative projects and provide overflow support to departments as directed.

Provide guidance and general direction to Business Office, financial analyst, and registration team members as assigned by senior management.

Operate standard office equipment and use email, scanners, fax machines, postage machines, cash registers, copiers, and other necessary equipment.

Sort and route incoming mail, faxes, and other materials.

Maintain a clean and organized work environment and greet and direct visitors, vendors, clients, job candidates, and customers professionally.

Other Responsibilities Perform additional duties as assigned.

Required Skills, Qualifications, and Competencies Strong understanding of…