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DIR, COST & REVENUE ACCOUNTING, DUHS
Job Title: DIR, COST & REVENUE ACCOUNTING, DUHS
Job Code: 5225
FLSA: E
Job Level: I2
Revised Date: 09/01/2011
Supervisory Responsibility: Yes
General Description of the Job Class
This position is responsible for monitoring and enhancing the financial revenue performance and cost accounting of all Duke University Health System (DUHS) components and support the overall direction of internal reporting in Reimbursement and Revenue Accounting. This position will work across all DUHS entities to provide comprehensive financial reporting, financial accounting, financial analysis, and monitoring related to accounts receivables and revenue valuations, and to support other departmental initiatives. Other responsibilities will include Cost Accounting and the oversight of the Contract Management function.
Duties and Responsibilities of this Level
Develop revenue deductions budgets at entity and service line levels.
Develop of annual pricing parameters and work with entity finance and PRMO to coordinate development of line-item pricing.
Complete balance sheet and income statement models for monthly reserves and deductions entries for all entities.
Complete analysis of accounts receivables and net revenue to support monthly close activities.
Coordinate with PRMO and General Accounting to complete additional revenue cycle analysis.
Coordinate with PRMO and General Accounting to complete audit PBCs for interim and year-end external audit.
Provide ad-hoc financial analysis as required by the Health System.
Provide oversight to contract management initiatives and revenue modeling throughout the Health System.
Contribute to development of internal and external reports and other departmental requirements, as needed.
Ensure adherence to all third party reporting and compliance requirements.
Participate in departmental Policy and Procedure documentation initiatives.
Direct Contract Management function for the maximization of collections, and to provide outside oversight to the performance of various PRMO functions.
Develop, implement and manage cost accounting systems and procedures across Duke University Health System. Coordinate cost accounting activities with Perfromance Services, Reimbursement, and Financial Planning and Analysis; maintain Eclipsys cost accounting system; establish and maintain cost standards, including labor and non-labor, in coordination with Performance Services.
Direct departmental personnel functions including, but not limited to, hiring, performance management, corrective action, etc.
Required Qualifications at this Level
Education
This position requires a Bachelor's degree in Accounting or Business. Advance degrees or credentials are desirable.
Experience
Requires a minimum of 8 years of relevant accounting experience in reimbursement and revenue accounting. Experience in managed care is considered a plus.
Degrees, Licensure, and/or Certification
N/A
Knowledge, Skills, and Abilities
Strong PC skills in applications such as Excel, Access, Word and PowerPoint are important, and experience with cost report software is essential.
Strong communication skills and demonstrated attention to details and accuracy are required.
Distinguishing Characteristics of this Level
N/A
The intent of this job description is to provide a representative and level of the types of duties and responsibilities that will be required of positions given this title and shall not be construed as a declaration of the total of the specific duties and responsibilities of any particular position. Employees may be directed to perform job-related tasks other than those specifically presented in this description.
Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.
Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.
Essential Physical Job Functions
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.
