The Director of Revenue Recognition is responsible for the accurate recording and reporting of all revenue and related statistics in all financial reporting.
Accurately records all activity related to monthly revenue cycle functions for all THMG entities, including charges, payments and adjustments.
Estimates appropriate contractual allowances and bad debt reserves according to Tower Health policies and procedures and prepare monthly journal entries.
In conjunction with leadership, evaluates reasonableness of all contractual allowances and bad debt reserves given internal trends and experience related to changes in business, payment history, fee schedules, etc.
Creates summary report for leadership to report on reserve status and make recommendations as to appropriateness of net accounts/receivables.
Works with THMG Quality Team and TH Managed Care Contracting Department to ensure proper recognition of all incentive or value based reimbursements and programs.
Ensures accurate recording of all capitation based arrangements and prepares analysis and comparisons of same.
Works closely with TH Director of Physician Revenue Cycle to ensure that revenue is timely and accurately captured for all services performed.
Understands and ensures accuracy of accounting entries generated by EPIC and other billing systems for all markets and new acquisitions.
Serves as THMG Finance main contact in coordinating all revenue recognition activities for all practice/physician acquisitions. Works with TH Revenue Cycle Management to ensure that adequate procedures and systems are in place to accurately record revenue related to all services performed.
Becomes fully competent in utilizing all revenue cycle systems and compatible report writing tools to generate reports and analyses.
Provides data as necessary in order to assist THMG Finance Team in preparing accurate revenue projections as part of annual budget process.
Coordinates revenue recognition activities with TH Corporate Finance Team to ensure consistency of same.
Represents THMG Finance in all initiatives related to system conversions, upgrades as they relate to revenue recognition.
4 year Bachelor's Degree or combination of relevant education & experience may be considered in lieu of Bachelor's Degree