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    Associate Director, Accounting - Chicago, United States - University of Illinois Chicago

    University of Illinois Chicago
    University of Illinois Chicago Chicago, United States

    3 weeks ago

    Default job background
    Regular, Full time
    Description


    Associate Director, Accounting & Reimbursement, MSP

    Associate Director, Accounting & Reimbursement, MSP

    Hiring Department
    : College of Medicine

    Location
    : Chicago, IL USA

    Requisition ID
    :

    Posting Close Date
    : 5/6/2024

    About the University of Illinois Chicago

    UIC is among the nation's preeminent urban public research universities, a Carnegie RU/VH research institution, and the largest university in Chicago. UIC serves over 34,000 students, comprising one of the most diverse student bodies in the nation and is designated as a Minority Serving Institution (MSI), an Asian American and Native American Pacific Islander Serving Institution (AANAPSI) and a Hispanic Serving Institution (HSI). Through its 16 colleges, UIC produces nationally and internationally recognized multidisciplinary academic programs in concert with civic, corporate and community partners worldwide, including a full complement of health sciences colleges. By emphasizing cutting-edge and transformational research along with a commitment to the success of all students, UIC embodies the dynamic, vibrant and engaged urban university. Recent "Best Colleges" rankings published by U.S. News & World Report, found UIC climbed up in its rankings among top public schools in the nation and among all national universities. UIC has nearly 260,000 alumni, and is one of the largest employers in the city of Chicago.

    Description:

    Position Summary

    This position directs a team of finance/accounting professionals driving financial reporting and strategic planning processes for the UIC MSP. The MSP prepares financial statements, including clinical patient revenue & related contractual allowances, for the Clinical Departments, the regional campuses of Rockford and Peoria, the Dean's office and MSP related entities/groups on a monthly basis.

    The Associate Director leads the monthly and annual reporting, reviewing, and analysis of patient profee revenue, as well as coordinates related annual audits, both internal and external. Responsible for monthly account entries related to the financial closes, review and analysis of reported data, and coordination with EPIC reports. Coordination of all components related to the publication of the Monthly Operating Review (MOR) for the MSP is an essential component of this role.

    Duties & Responsibilities

  • Coordinate all components of the monthly revenue activity related to patient clinical revenue
  • Manage and coordinate preparation and responsiveness for corresponding compliance audits that occur, whether for internal or external audits, related to patient revenue.
  • Benchmark accounting and reimbursement performance versus peers, and recommend policies and procedures for superior financial results.
  • Coordinate the monthly computation of contractual allowances and bad debt for the net patient revenue reporting.
  • Analyze and apply the zero-based AR reporting from EPIC to ensure contractual allowances are accurate and appropriate representation of accrued net patient revenue.
  • Full responsibility for the generating of the Monthly Operating Revenue (MOR) packet, synopsizing MSP financial & reimbursement activity for Leadership.
  • Supports, trains, and assists Finance Director in the management of accounting team, as well as process improvement initiatives, including the preparation and updating process/procedure manuals.
  • Work and consult with colleges, schools and administrative units regarding accounting & reimbursement needs, apply judgment and analytical techniques to evaluate appropriate distributions of revenue, contractual and bad debt allowances and other expenses.
  • Reconcile patient accounts receivables.
  • Analyze and monitor Medicaid - Supplemental Payments (Enhanced Medicaid Dollars) for appropriate distribution and adjustment of accrued.
  • Oversee bank reconciliation(s) for all above mentioned entities.
  • Perform other related duties and participate in special projects as assigned.
    • Qualifications:

    Minimum Qualifications


    A minimum of a Bachelor's Degree in a related Healthcare field, Business Administration, Finance or Accounting required.

    A minimum of five years of directly related experience in an institution of higher learning, a campus environment or other complex organization (i.e. education, business, hospital type complex).

    Healthcare financial experience, particularly in physician services, preferably in Academic setting.

    Substantial understanding of contractual allowance & bad debt computations for accrual based reserves, utilizing zero-based AR reports, for large ($500+ million) medical groups.

    Experience preparing monthly financial entries utilizing EPIC output files, report running & data extraction.

    Proficient with systems: EPIC, Banner software, healthcare banking relationships, University Security applications and related software and other database products, Access, Excel, PowerPoint & Word

    Excellent analytical, communication and presentation skills.

    Must be able to work effectively with all levels of executive management and personnel, both internally and externally, both independently on assigned duties and projects, as well as part of the leadership team.

    The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.

    The university provides accommodations to applicants and employees.

    Looking for more University of Illinois positions?

    We invite you to search for positions at each of the University of Illinois locations, the University of Illinois System Office and the University of Illinois Foundation. The University of Illinois System Office supports the primary missions of teaching, research, public service, and economic development for all of the Universities and offers positions in all locations. The University of Illinois Foundation is the official fundraising and private gift-receiving agency for the University of Illinois and also offers position in all locations. Click the links below to search for other University of Illinois positions.

    The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.

    To apply, visit

    Copyright 2024 Inc. All rights reserved.

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    The University of Illinois may conduct background checks on all job candidates upon acceptance of a contingent offer. Background checks will be performed in compliance with the Fair Credit Reporting Act.

    The University of Illinois Chicago is an affirmative action, equal opportunity

    institution/employer and does not discriminate on the basis of race, color, national origin, sex, religion, age, sexual orientation, gender identity, veteran or disability status, height, weight, or marital status in employment or the provision of services.
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