Financial Coordinator

BOONE MEMORIAL HOSPITAL INC•Madison, WV

4d•Onsite

About The Position

The Financial Coordinator performs financial reporting, modeling, analysis, and revenue cycle functions in support of the financial operations of Boone Memorial Health. The position reviews general ledger information; prepares financial statements, reports, and audit materials; assists with budgeting and forecasting; and analyzes financial data for trends, variances, and improvement opportunities. It 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 role applies accounting and financial principles to moderately complex business problems and collaborates with Business Office personnel, management, and other departments. The position is based at the BMH Forester Building in the Revenue Cycle department in Madison, West Virginia. It is full-time, with up to 15% travel within West Virginia and surrounding areas. The role may provide guidance to Business Office, financial analyst, and registration team members as assigned by senior management; it has no supervisory responsibilities.

Requirements

Associate degree in accounting, finance, business, or another approved field of study relevant to finance, or equivalent experience.
Four years of relevant finance or accounting experience may be considered in lieu of the degree, in addition to the experience requirements stated above.
Strong understanding of business finance and financial analytics.
Knowledge of Generally Accepted Accounting Principles (GAAP) and applicable governmental regulations related to healthcare financial management.
Knowledge of statistical analysis principles as applied to financial reporting.
Thorough knowledge of financial systems, applications, and software.
Experience with database development and management.
Strong analytical, critical-thinking, and problem-solving skills, including the ability to interpret complex information.
Excellent organizational and time-management skills, with the ability to meet deadlines.
Ability to work independently and manage multiple responsibilities in a fast-paced environment.
Excellent written and verbal communication, recordkeeping, and interpersonal skills.
Proficiency in Microsoft Word, Excel, email, database applications, internet-based tools, and basic word-processing, spreadsheet, and database applications.
Ability to perform prolonged standing or sitting, walking, lifting up to 25 pounds using proper lifting techniques, climbing stairs, reaching, bending, twisting, pushing, pulling, squatting, grasping, and continuous arm-hand coordination.
Ability to travel up to 15% of work time within West Virginia and surrounding areas.

Nice To Haves

Experience with insurance billing.
Experience collecting and analyzing healthcare data, including cost accounting, budgeting, decision support, productivity, financial analysis, and management reporting.
Experience using financial and management analysis to support quality improvement initiatives.

Responsibilities

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, and provide auditors with supporting documentation and explanations.
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.
Process complex claim edits (SITs) in Revenue Cycle Management (RCM) software and provide guidance to Business Office team members on 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), the Donald R. Kuhn program, and 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 KeyBridge payments, and forward billing and insurance correspondence to them 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.
Maintain the Physician Table in the CPSI electronic health record (EHR) system and maintain knowledge of the Item Master, adding, modifying, or updating 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 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.
Perform additional duties as assigned.