MedStar Health hiring Manager General Accounting/Rates in Maryland, United States | LinkedIn (2024)

General Summary Of PositionDirects the activities of the Accounting Teams in the General Accounting department. Supports the accounting, financial reporting, and finance functions of the business unit(s) for which their teams provide generalized accounting support. Provides supervision and guidance to the senior accountant assigned to lead each team. Supports the following business units: acute care community hospitals, academic hospitals with extensive residency programs, research programs, academic affiliations, post-acute care providers, physicians groups, urgent care facilities, managed Medicaid insurance business, research institute, corporate companies and specialized allied healthcare providers. Business units employ a variety of reimbursem*nt methodologies including HSCRC, Medicare, Medicaid, Managed Care, capitation contracts, and grants. Supported entities are organized as for-profit corporations, not-for-profit corporations, and pass through entities. Directs the month-end close activities of the teams ensuring policies and procedures are in place to provide for the accurate recording of journal entries to include multi-entity allocations, inter-company transactions, and elimination entries as needed. Reviews and approves account reconciliations and account analysis following review by Senior Accountants. Oversees the preparation of internal financial statements. Reviews the monthly financial statements of assigned business units to tell the story of the net revenue and identifying areas of concern to be researched by Senior Accountants prior to review by Director and business unit CFOs. Reviews Senior Accountant comments on monthly business unit narratives regarding financial results prior to submission to the Financial Reporting Team. Directs the preparation of schedules and reports for external auditors and responds to special requests for information or reports from senior management. Leads their team through various accounting system implementations (such as ERP, Leases, Account Reconciliation software, and various automations). Maintains ongoing communication with the business unit management and finance staff functioning as internal adviser to supported business units, providing expertise, research, and required treatment for complex accounting issues.

Primary Duties And Responsibilities

• Selects, trains, orients, and assigns department staff. Develops standards of performance and accounting practices, evaluates performance, and conducts performance management planning. Initiates or makes recommendations for personnel actions. Maintains ongoing communication with subordinates to review programs, provide feedback, discuss new developments, and exchange information. Supervises the preparation and maintenance of records, files analyses and other documents.
• Devises and recommends new or modified systems for process improvements to department management.
• Reviews Financial Statements: Participates in financial statement review during the monthly close process to ensure complete, accurate, timely and appropriate financial reporting to management Directs the teams in the completion of the CFO review and accurate financial statement preparation in a timely manner each month to ensure the financials make sense based on operations for the month.
• Responsible for the net accounts receivable and net revenue analysis on a monthly basis and lookback of prior year reserves.
• Participates in multidisciplinary quality and service improvement teams
• Participates in meetings and on committees and represents the department. Leads the department through system-wide standardization efforts.
• Ensures that the teams complete monthly journal entries in a timely manner.
• Ensures that the teams complete monthly journal entries with no errors.
• Works closely with other functional areas such as Rates and Reimbursem*nt, Patient Financial Services, Professional Billing Services, Purchasing, Supply Chain, Accounts Payable and Payroll to ensure we get the detail needed to account for the various areas.
• Serves as finance liaison to the operational system leaders to ensure proper accounting and allocations to the business units are done. Proactively provides business advice/recommendations for operations improvement.
• Identifies accounting issues uncovered in the performance of duties. Recommends changes, modifications, and enhancements.
• Supervises the monthly preparation of standard entries provided by the business units and prepares/directs preparation of miscellaneous journal entries. Manages the accurate and timely completion of account reconciliations and account analysis.
• Remains current on the latest relevant accounting and healthcare issues, including governmental regulations and procedures.

Minimum QualificationsEducation

• Bachelor's degree in Accounting, Finance or Business Administration required

Experience

• 3-4 years 4 years related experience in public or private accounting setting with supervisory/managerial responsibility, preferably in a healthcare or multi-entity setting. required

Licenses and Certifications

• CPA (Certified Public Accountant) certification Upon Hire required

Knowledge, Skills, And Abilities

• Verbal and written communication skills. Microsoft Office Suite experience; Advanced Microsoft Excel skills required. PeopleSoft experience preferred. Blackline Account Reconciliation System experience a plus.

Why MedStar Health?At MedStar Health, We Understand That Our Ability To Treat Others Well Begins With How We Treat Each Other. We Work Hard To Foster An Inclusive And Positive Environment Where Our Associates Feel Valued, Connected, And Empowered. We Live Up To This Promise Through

• Strong emphasis on teamwork - our associates feel connected to each other and our mission as an organization. In return, our effective team environment generates positive patient outcomes and high associate satisfaction ratings that exceed the national benchmark.
• Strategic focus on equity, inclusion, & diversity - we are committed to equity for all people and communities. We continue to build a diverse and inclusive workplace where people feel a sense of belonging and the ability to contribute to equitable care delivery and improved community health outcomes at all levels of the organization.
• Comprehensive total rewards package - including competitive pay, generous paid time off, great health and wellness benefits, retirement savings, education assistance, and so much more.
• More career opportunities closer to home - as the largest healthcare provider in the Baltimore-Washington, D.C. region, there are countless opportunities to grow your career and fulfill your aspirations.

About MedStar HealthMedStar Health is dedicated to providing the highest quality care for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation, and research. Our team of 32,000 includes physicians, nurses, residents, fellows, and many other clinical and non-clinical associates working in a variety of settings across our health system, including 10 hospitals and more than 300 community-based locations, the largest home health provider in the region, and highly respected institutes dedicated to research and innovation. As the medical education and clinical partner of Georgetown University for more than 20 years, MedStar Health is dedicated not only to teaching the next generation of doctors, but also to the continuing education, professional development, and personal fulfillment of our whole team. Together, we use the best of our minds and the best of our hearts to serve our patients, those who care for them, and our communities. It’s how we treat people.

MedStar Health is an Equal Opportunity (EO) Employer and assures equal opportunity for all applicants and employees. We hire people to work in different locations, and we comply with the federal, state and local laws governing each of those locations. MedStar Health makes all decisions regarding employment, including for example, hiring, transfer, promotion, compensation, benefit eligibility, discipline, and discharge without regard to any protected status, including race, color, creed, religion, national origin, citizenship status, sex, age, disability, veteran status, marital status, sexual orientation, gender identity or expression, political affiliations, or any other characteristic protected by federal, state or local EO laws. If you receive an offer of employment, it is MedStar Health's policy to hire its employees on an at-will basis, which means you or MedStar Health may terminate this relationship at any time, for any reason.