Reconciliation Analyst-Faculty Practice Support (Physician Practice)


HMH PHYSICIAN SERVICES, INC. Hasbrouck Heights Requisition # 2022-116661 ShiftDay StatusFull Time with Benefits Weekend WorkNo Weekends Required HolidaysNo Holidays Required On CallNo On-Call Required Shift Hours8:30-5 Address777 Terrace Avenue, Hasbrouck Heights, 07604

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Overview

How have you impacted someone's life today? At Hackensack Meridian Health our teams are focused on changing the lives of our patients by providing the highest level of care each and every day. From our hospitals, rehab centers and occupational health teams to our long-term care centers and at-home care capabilities, our complete spectrum of services will allow you to apply your skills in multiple settings while building your career, all within New Jersey's premier healthcare system.

The Reconciliation Analyst supports the Hackensack University Medical Group through analysis of daily reconciliation of deposits from HUMG physician offices, as well as monthly reconciliation and summarization of all time of service and third party payments to identify and resolve variances. Educates staff in HUMG practices on protocols for daily reconciliation of cash and monitors compliance with those protocols. Responsible for evaluating vendor invoices to validate expenses, Compiles monthly book to bank report and analyze variances. Supports annual external auditors' review by compiling data and analyzing trends and variances related to the Hackensack University Medical Group revenue cycle identified through the audit process. Audits physician incentive calculations before payments are authorized to validate accuracy of revenue and expenses. This role is internally active and requires the analyst to work closely with external billing staff, A/P, Finance, vendors, and other HackensackUMC Departments.

Responsibilities

A day in the life of a Reconciliation Analyst  Hackensack Meridian Health includes:

  • Analyzes and explains variances between daily deposits of payment at time of service and monitor HUMG practices; ensures variances are resolved.
  • Evaluates requests for patient and health plan refunds and assesses patient accounts to calculate accuracy of refund requests. 
  • Oversees refund process between external billing vendor and accounts payable to ensure all steps are completed within protocol procedures and in a timely manner.
  • Analyzes HUMG medical offices' daily cash output via batch reports and deposit reports to assure the reports are accurate and timely.
  • Educates HUMG medical office staff on protocols associated with cash reconciliation and monitors practices to assure compliance with protocols.
  • Researches and verifies validity of daily credit card chargebacks.
  • Audits department's vendor invoices for accuracy, research discrepancies and outreach to vendors to resolve.
  • Researches and analyzes all unidentified discrepancies on the deposit slips, deposit logs, and system generated batch reports and monitors resolution of variances.
  • Analyzes and calculates all non-cash transactions for Transplant, FQHC, Research/Study and assure that all transactions are posted accurately and timely by Finance and various HUMG clinical departments.
  • Researches and validates misallocated patient payments and communicates discrepancies to Patient Financial Services.
  • Generates monthly book to bank report for Finance Department which includes analysis of variances and preparation of written summary to explain variances and identify trends.  Analyzes revenue and expenses and calculate physician incentive distribution based on individual physician employment contract terms.
  • Prepares monthly bank reconciliation for Hackensack Specialty Care Associates, HUMC Medical Observation and Hackensack University Medical Group; analyze and research variances and prepare report summarizing findings.
  • Drafts policies and procedures related to the cash reconciliation process and educate HUMG practice staff on protocols associated with cash reconciliation.
  • Trains, assists, reviews and provides back-up support to Faculty Practice staff for all aspects of cash management and promotes continuous quality improvement.
  • Secures all deposits at the end of the day if they have not gone to the bank.
  • Responsible for internal audits and assessments of equipment and resources among HUMG practices as required.
  • Assists with operational projects as needed.
  • Adheres to the standards identified in the Medical Center's Organizational Competencies.

Qualifications

Education, Knowledge, Skills and Abilities Required:

  • Bachelor's degree from an accredited program.
  • Minimum 2 years accounting experience with emphasis on reconciliation functions.
  • Proficient in Microsoft Office applications.
  • Physician billing and insurance experience preferrred
  • Cash functions and reconciliation experience preferrred

Our Network

Hackensack Meridian Health (HMH) is a Mandatory COVID-19 and Influenza Vaccination Facility

As a courtesy to assist you in your job search, we would like to send your resume to other areas of our Hackensack Meridian Health network who may have current openings that fit your skills and experience.