Accountant I, Cost Accounting, Full time, Days

Arkansas Children's Hospital - Little Rock, AR4.2

Full-timeEstimated: $63,000 - $86,000 a year
EducationSkills
CURRENT EMPLOYEES: Please apply via the internal career site by logging into your Workday Account ( https://www.myworkday.com/archildrens/ )and search the "Find Jobs" report.

Work Shift:
Time Type:
Full time

Department:
CC017086 Cost Analysis
Summary
Responsible for the maintenance and accuracy of Cost Accounting System and charge master as assigned. . Generates financial data for monthly/annual reporting. Performs daily monitoring and reporting analysis related to revenue cycle. Performs the monthly allocation of all overhead department costs in an accurate and timely manner. Performs Special Projects and analysis as needed.
Description
PRIMARY DUTIES AND RESPONSIBILITIES

1. Maintenance and accuracy of Cost Accounting System

Responsible accurate and timely setup and ongoing maintenance of all components of procedural standard costs.
Coordinates with assigned hospital department heads to gain understanding of clinical services provided and subsequently interpret into financial standard costs.
Maintain all dictionaries in cost accounting module for assigned departments.
Performs ongoing analysis of changes in standard costs, investigates variances, makes changes as needed and reports findings to Cost Accounting Director.
Serves as a resource for assigned department heads to provide understanding of the cost accounting system and overall uses of data.
2. Maintenance and accuracy of Hospital Charge master

Responsible for the accurate and timely setup and maintenance of patient charges to ensure integrity of CPT code in compliance with regulatory guidelines, and consistency and integrity with pricing methodology.
Coordinates with assigned hospital department heads to gain understanding of clinical services provided and subsequently interpret into patient charges.
Performs annual update of CPT codes for assigned departments ensuring compliance with regulatory guidelines.
Performs analysis of available market data to ensure competitiveness of new and existing patient charges.
Performs analysis of issues involved in charge set up for new and existing patient charges, investigates causes, proposes solutions, and reports to Cost Accounting Director.
3. Generates financial data for monthly/annual reporting

Compiles appropriate data required within project scope in a timely accurate manner
Verifies data integrity utilizing necessary Meditech applications and /or other source documents (i.e. ESS, COS, DR).
Performs analytical review of all data within the scope of own knowledge base, investigates issues, proposes solutions and reports to Cost Accounting Director
Produces information that is useful and meaningful to the intended users in presentation format while maintaining patient confidentiality.
4. Special Projects as assigned

Coordinates with relevant hospital personnel to determine data required for the project.
Compiles appropriate data required within project scope in a timely accurate manner
Verifies data integrity utilizing necessary Meditech applications and /or other source documents.
Performs analytical review of all data within the scope of own knowledge base, investigates issues, proposes solutions, and reports to Cost Accounting Director.
Produces information that is useful and meaningful to the intended users in presentation format while maintaining patient confidentiality.
5. Daily monitoring and reporting analysis related to revenue cycle

Research and resolve daily rejected patient charge transactions.
Reconciles the patient charge batches from MT interfacing modules to B/AR daily.
Performs daily analysis to determine if patient charges are used appropriately
6. Allocation of overhead costs and reconciliation to General Ledger

Performs the monthly allocation of all overhead department costs in an accurate and timely manner
Reconciles Cost Accounting to General Ledger monthly and annually.
Responsible for the accurate and timely annual update and ongoing maintenance of all components of cost allocation including stat batches and tables.
7. Other duties as assigned

EDUCATION REQUIREMENTS

Required - Bachelor's degree from four-year college or university - Field of Study: College Degree with an emphasis in Accounting
EXPERIENCE REQUIREMENTS

Required - 2 years total experience required, which includes 2 years of accounting/fiance experience
Preferred - 2 years hospital experience preferred
CERTIFICATION / LICENSE / REGISTRY REQUIREMENTS

This position has no Certification/License/Registry requirements
SKILL REQUIREMENTS

Required - Experience with Microsoft Office required
Required - Excellent written and verbal communication skills required
Required - Ability to handle multiple tasks
Preferred - Experience with Monarch preferred