Senior Revenue Accountant
Location: United States · Reference: 3031806
Senior Revenue Accountant-(Revenue Cycle) Patient Financial Services-
Corporate 42nd Street-Full-Time Days (Hybrid)
The Senior Revenue Accountant for the Mount Sinai Health System (MSHS) and
the Icahn School of Medicine at Mount Sinai (ISMMS) (which includes the
MSHS and the Faculty Practice Plan) is responsible for the integrity and
accuracy of revenue recognition and A/R -related financial reporting and will
partner closely with operations, billing, and financial planning and analysis
to ensure GAAP compliant revenue processes and timely identification of risks
and opportunities in revenue trends. This position will report to the Senior
Director of Revenue.
This role will ensure the accurate recording, recognition, and reporting of
hospital revenue, which includes focusing on the healthcare revenue cycle,
patient billing, and maintaining compliance with U.S. GAAP and ASC 606
standards. Key responsibilities include preparing financial reports for
internal and external stakeholders, collaborating with billing and operations
teams to identify revenue risks and opportunities, assisting with audits, and
supporting month-end close processes.
Responsibilities
Manage end-to-end revenue recognition in accordance with GAAP, including
ASC 606 compliance, including reviewing hospital contracts to ensure they
comply with revenue recognition policies and provide guidance on the
proper accounting treatment.
Develop and maintain reports on revenue trends, highlight risks, and
provide meaningful financial reporting to leadership and cross-functional
teams.
Coordinate, compile and analyze monthly financial data utilizing
spreadsheet and database applications.
Contribute to the design, implementation, and documentation of scalable
revenue processes, processes, and controls.
Analyze large data sets to validate underlying system configurations and
financial reporting outputs.
Support annual audit requests and provide documentation for revenue-
related testing.
Identify and implement process improvements, leveraging technology and
automation to drive efficiency in revenue accounting operations.
Lead revenue-related projects, coordinating cross-functional partners,
tracking progress and delivering measurable business impact.
Translate complex data into clear, actionable insights and develop,
maintain and compile reporting tools that clearly communicate findings to
diverse stakeholders.
Assist revenue cycle leaders in working closely with organizational
stakeholders to improve financial performance based on analytical
findings.
Support investigation into claims patterns, payor mix evaluation, and
other strategic analytics to optimize payor performance.
Develop analytical models that are well-documented containing advanced
formulas and functions that are used to evaluate historical trends,
forecast future expectations, or draw conclusions.
Point person for revenue close including gross revenue and patient stat
analysis and accounts receivable valuation calculations.
Conduct complex analyses adhering to best practice standards by selecting
appropriate data sources, developing assumptions, recognizing
considerations, and establishing recommendations.
Collaborate with cross-functional teams to define data requirements and
ensure data accuracy and integrity.
Identify opportunities for process improvement and efficiency through data
analysis.
Stay up to date with industry trends and best practices in data analysis.
Resolve unreasonable results, suboptimal solutions, and data anomalies
based on experience and professional judgment.
Build effective, collaborative relationships with key stakeholders across
departments.
Resourceful in creating or fine-tuning the processes necessary to complete
the work along with the ability to organize people and activities.
Challenge existing norms or courses of action to facilitate fully informed
decision-making. Help institute balanced decision-making by identifying
risks and opportunities.
Establish and maintain strong working relationships with revenue cycle
leaders, key stakeholders, and foster a strong working relationship with
key strategic partners.
Create feedback loops and enhancement pipelines informed by stakeholders
and data.
Ensure compliance with all HIPAA privacy and security standards.
Conform to the established policies/ procedures/ processes/ Standards of
Behavior.
Performs other duties as required by the Senior Director of Revenue.
Qualifications
Education
Bachelor?s degree in accounting or finance. Masters degree preferred.
Experience
3+ years of recent and relevant accounting experience. Experience with ASC
606 Revenue Recognition. CPA and recent Big Four experience. Advanced MS
Excel skills and experience
Prior experience with revenue cycle, financial reporting, revenue
recognition, analytics, and inferential statistics.
Diverse experience of healthcare databases and data sources, preferably in
a large academic healthcare setting.
Possess prior Big 4 audit background and/or experience in high-growth
environments.
Build, maintain, and refine complex financial models to produce and
present accurate, data-driven reports which analyze financial performance
against budgets and forecasts, identifying trends, risks, and
opportunities.
Solid knowledge of business, financial, strategic concepts and emerging
trends.
Demonstrated ability to engage in positive, powerful persuasion with
individuals or groups with diverse opinions and/ or agendas, leading to
outcomes that meet identified goals.
Excellent verbal and written communication and organizational abilities.
Accuracy, attentiveness to detail and time management skills are required.
Ability to interact effectively with multidisciplinary teams, including
physicians and other clinical professionals internally and externally.
The ability to maintain a high level of positive energy/ creativity during
periods of elevated work demands.
Ability to prioritize multiple objectives in a rapidly changing
environment and deliver quality outcomes.
Ability to develop and maintain effective relationships at all levels
throughout the organization.
Working Conditions
Corporate office environment in an academic health system.
Non-Bargaining Unit, 518 - PFS 633 Third Avenue - MSH, Mount Sinai Hospital
