Manager Pharmacy Revenue Recognition
Job Summary
Responsible for management and oversight of the valuation of receivables and revenue recognition in accordance with Generally Accepted Accounting Principles (GAAP) for Geisinger’s Clinical Enterprise and GCSOM. Provides revenue analytics and financial reporting to meet Geisinger’s internal and external needs, facilitates financial audits and supports Geisinger’s regulatory reporting. Responsible for the accuracy of the balance sheet and income statement accounts associated with receivables and revenue, for maintaining appropriate documentation and for adherence to related controls and policies.
Job Duties
- Plans, supervises and oversees assigned monthly AR valuation processes to reflect expected net realizable value and, at least quarterly, hindsight analysis to validate valuation methodologies.
- Participates in the review and approval of pricing changes made to the clinical enterprise CDM and ensure changes are appropriately considered in accounts receivable valuation.
- Collaborates with Revenue Management, IT and other teams to ensure accounts receivable population is understood sufficiently to ensure appropriateness of valuation methodologies.
- Collaborates with Third Party Contracting/Contract Management team to ensure valuation and adjudication of hospital and provider receivables is consistent with current contracts.
- Plans, supervises and oversees assigned monthly analytics that provide insight into revenue trends, including days in AR, case mix index, payor mix, patient volume, and student revenue analytics.
- Provides advisory services, analysis and presentation material as requested.
- Collaborates with Finance Partners to ensure reported revenue accurately depicts operational performance.
- Supports regulatory reporting, including third-party cost reports and Form 990, as necessary.
- Collaborates with Finance Partners and Revenue Management to monitor, track, and achieve key performance targets associated with the Coding Improvement (CDI) program.
- Collaborates with Reimbursement team to complete periodic revenue forecasts using volume and other operating assumptions provided by Finance Partners.
- Collaborates with Financial Planning and Analysis team to ensure revenue and statistics are reported on a consistent basis.
- Responsible for the development and maintenance of relationships across Geisinger necessary to ensure the completeness and accuracy of Geisinger’s financial reports. Actively seeks input and works to improve department finance operations.
- Reviews the work of the exempt and non-exempt individuals reporting directly to the position and provides guidance, training, counseling and feedback.
- Prepared and conducts performance appraisals for individuals reporting directly to this position.
- Monitors workflow and workload within the department and works with managers and other finance leaders to redistribute and prioritize work accordingly.
- For certain positions, coordinates interview process, interviews applicants and selects candidates for employment.
- Remains sensitive to issues within the Controllership and works with staff to resolve conflicts.
- Ensures consistent application of policies among staff.
Work is typically performed in an office environment. Accountable for satisfying all job specific obligations and complying with all organization policies and procedures. The specific statements in this profile are not intended to be all-inclusive. They represent typical elements considered necessary to successfully perform the job.
Education
Bachelor's Degree- (Required)Experience
Minimum of 4 years-Managerial/Supervisory (Required), Minimum of 6 years-Related work experience (Required)About Geisinger
Founded more than 100 years ago by Abigail Geisinger, the system now includes ten hospital campuses, a 550,000-member health plan, two research centers and the Geisinger Commonwealth School of Medicine. With nearly 24,000 employees and more than 1,700 employed physicians, Geisinger boosts its hometown economies in Pennsylvania by billions of dollars annually. Learn more at geisinger.org or connect with us on Facebook, Instagram, LinkedIn and Twitter.
Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.
Our Vision & Values
Everything we do is about making better health easier for our patients, our members, our students, our Geisinger family and our communities.
KINDNESS: We strive to treat everyone as we would hope to be treated ourselves.
EXCELLENCE: We treasure colleagues who humbly strive for excellence.
LEARNING: We share our knowledge with the best and brightest to better prepare the caregivers for tomorrow.
INNOVATION: We constantly seek new and better ways to care for our patients, our members, our community, and the nation.
SAFETY: We provide a safe environment for our patients and members and the Geisinger family.
Our Benefits
We offer healthcare benefits for full time and part time positions from day one, including vision, dental and prescription coverage.
“I’ve been surprised by the community our floor has even though we can all work different days and different shifts. We celebrate successes and life events for employees and patients — that’s what makes it a fun place to work!”
Nurse Assistant
A place where you can lead a healthy lifestyle and follow your dreams.
Only at Geisinger.
Best employer for healthy lifestyles – National Business Group
Access to 121 state parks
