Overview:
The purpose of the Financial Manager position is to ensure Facility financial records are accurate, timely, and maintained in compliance with documented financial system policies, procedures, and practices. This position provides overall financial support to the Facility’s business operations, including healthcare billing, revenue cycle management, accounts receivable, collections, resident trust accounting, Medicaid and Medicare reimbursement support, census management, financial reporting, and regulatory compliance. The position may require performance or supervision of clerical and business office functions within a skilled nursing, long-term care, rehabilitation, or healthcare environment.
Responsibilities:
- Maintains resident financial files and business office records.
- Maintains and reconciles resident trust fund accounts.
- Prepares and delivers bank deposits.
- Maintains current and accurate patient census information daily.
- Performs all aspects of private pay collections, including collection letters, follow-up calls, aging review, account resolution, and customer service related to billing statements.
- Bills Medicaid agencies and tracks all related forms, applications, supporting documentation, payments, and reimbursement activity.
- Maintains records required by licensing agencies and regulatory authorities.
- Ensures accurate completion of admission paperwork, financial agreements, contracts, and related documentation.
- Compiles, analyzes, and prepares financial, census, reimbursement, and operational reports as required.
- Verifies Medicare, Medicaid, managed care, and commercial insurance benefits and eligibility.
- Strives to meet company Days Sales Outstanding (DSO) and collection goals each month.
- Assists with Medicaid applications, renewals, eligibility reviews, and supporting documentation.
- Ensures compliance with Cantex Continuing Care Network policies, procedures, and Financial Management Systems (FMS).
- Submits monthly occupancy and census reports.
- Manages collection of room and board payments and applied income accounts receivable.
- Communicates with Medicaid Eligibility Workers and governmental agencies as needed.
- Monitors credit balances and submits refund requests in a timely manner.
- Assists with Notice of Medicare Non-Coverage documentation and related processes.
- May assist patients and families with private insurance claims and reimbursement questions.
- Demonstrates the ability to function as a Team Leader and Role Model.
- Participates in weekly meetings regarding Medicaid pending accounts, private pay collections, accounts receivable priorities, revenue cycle issues, and reimbursement follow-up.
- Participates in monthly Financial Quality Assurance Committee meetings.
- Has reviewed Cantex Continuing Care Network Clinical Policies and Procedures for Abuse Prevention and understands the employee’s responsibility to enforce them.
- Maintains and reconciles facility petty cash accounts.
- Serves as Manager on Duty during assigned weekend shifts, generally once per month.
- Responsible for assuring patient and resident safety.
- Performs other duties and tasks as assigned by the Administrator, Regional Management, Corporate Management, or designated team members.
#MP
Qualifications:
- High school diploma required; college degree or equivalent advanced coursework preferred.
- Prior skilled nursing facility billing experience, including Texas Medicaid billing, is required.
- Working knowledge of bookkeeping, accounting principles, financial reporting, and business office operations.
- Experience with computerized accounting systems and standard software applications. American Health Tech (AHT) and/or HealthMEDX Vision knowledge and experience preferred.
- Prior experience in recordkeeping, office management, healthcare business office operations, or financial administration.
- Previous supervisory experience may be beneficial in larger facilities.
- Highly motivated individual with strong analytical, problem-solving, organizational, and multitasking skills.
- Knowledge of Medicaid, Medicare, managed care, insurance verification, collections, and accounts receivable processes preferred.
Benefits/EEO:
What We Offer You
- Competitive Wages
- 401k with match
- Medical, Dental, Vision & Supplemental Insurance
- Vacation, Sick, Personal Holiday & Paid Holidays
- Short-Term Disability
- Life Insurance
- Tuition & CEU Reimbursement
- Rewards & Recognition Program
EEOC
We are an Equal Opportunity Employer. We offer an excellent benefit plan to include 401(k) with match, CEU reimbursement, vacation, sick time, holidays, medical, dental, and supplemental insurance plans, as well as a highly competitive compensation package.