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Director of Reimbursement - Finance & Accounting Services

Company: University of Iowa
Location: Iowa City
Posted on: January 15, 2020

Job Description:


University of Iowa Hospitals & Clinics-recognized as one of the best hospitals in the United States-is Iowa's only comprehensive academic medical center and a regional referral center. Each day more than 12,000 employees, students, and volunteers work together to provide safe, quality health care and excellent service for our patients. Simply stated, our mission is: Changing Medicine. Changing Lives. --

The university is located along the picturesque Iowa River in Iowa City, a city of some 77,000 people (170,000+ in the metro area) regularly ranked as one of the nation's best places to live. Iowa City is less than four hours from Chicago and within five hours of Minneapolis, St. Louis, and Kansas City, readily accessible via interstate highways and a regional airport 30 minutes away.

The Director of Reimbursement is responsible for the accounting, reporting, and control function related to all third party reimbursement activities for the University of Iowa Hospitals & Clinics, UI Physicians, and the Carver College of Medicine.

Position Responsibilities:

  • Enhance and direct reimbursement processes, including reimbursement measurement and analysis, accounts receivable, third party payor liabilities, revenue budget and revenue forecasting
  • Ensure compliance with relevant regulations, standards and directives from regulatory agencies and third party payors
  • Direct the completion of the annual Medicare and Medicaid cost reports and other governmental reporting. Act as institutional liaison for Medicare and Medicaid fiscal intermediaries and auditors
  • Complete the annual patient revenue budget
  • Analyze net patient revenue and support the Payor Relations department in fiscal aspects of payor contract development, negotiation, and execution
  • Direct revenue cycle month-end financial reporting, including overseeing complex statistical and financial calculations
  • Provide fiscal consultation in reimbursement practices to department heads and senior administrators
  • Manage preparation for year-end audits by CPA firm and third party auditors as they relate to third party payor liabilities
  • Develop complex financial forecasts and financial analysis. Present and provide interpretations to senior management, governmental relations, board office and legislative staff
  • Monitor/analyze regulatory changes affecting the systems revenue stream, advising administration regarding the financial and operation impact of potential, proposed, and implemented federal, state and payor rules and regulation changes Required Qualifications:
    • A Master's degree in Business Administration or Accounting or an equivalent combination of education and experience is required. CPA, MHA or MBA is preferred
    • 5-7 years of relevant healthcare accounting experience in hospital reimbursement. Preference given to a background in an academic setting. Knowledge of physician reimbursement is a plus
    • 5-7 years managerial experience
    • Demonstrated knowledge of complex financial and statistical analysis and presentation
    • Excellent written and verbal communication skills
    • Demonstrated proficiency in computer software applications. Preference given to experience with Epic patient accounting system and Health Financial Systems (HFS) cost report software
    • Demonstrated job-related experience with and/or commitment to diversity in the work/academic environment
      Desired Qualifications:
      • 3+ years reimbursement in an academic medical center setting including experience with Disproportionate Share (DSH), Graduate Medical Education, and Organ Transplants
      • Experience with Medicaid Hospital-Specific Limit (HSL) and Upper Payment Limit (UPL) calculations and payment methodologies

        In order to be considered, applicants must upload a resume and cover letter (under submission relevant materials) that clearly address how they meet the listed required and desired qualifications of this position . Job openings are posted for a minimum of 14 calendar days.

        Additional Information
        • Classification Title: Instructional Serv Coordinator
        • Appointment Type: Professional and Scientific
        • Schedule: Full-time Compensation
          • Pay Level: 3A
          • Starting Salary Minimum: 40,000 Contact Information
            • Organization: Healthcare
            • Contact Name: Karli Kirsch
            • Contact Email: Karli-kirsch@uiowa.edu

Keywords: University of Iowa, Iowa City , Director of Reimbursement - Finance & Accounting Services, Accounting, Auditing , Iowa City, Iowa

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