Position Summary Responsible for providing reconciliation support to the accounting dept and revenue cycle department at the central business office. Prepares and analyzes reports for the corporate accounting department and directors in the revenue cycle. Ensures timely review and resolution of outstanding transactions to successfully tie A/R to the General Ledger.
Essential Duties and Responsibilities include the following: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Other duties may be assigned.
Prepares spreadsheets and logs for deposits and posting as appropriate .
Researches, tracks, and resolves account reconciliation problems.
Reconciles GE/IDX business transactions and postings. Records and tracks charges, payment posting and refunds.
Supports Finance and Accounting personnel by providing deposit reports, batch proofs, and payment source documents in support of reconciling transactions.
Tracks outstanding Cashier Deposits and follows-up to ensure all time-of-service payments are accounted for and reconciled to bank statement.
Utilizes GE/IDX system and KAV to generate reports, paying close attention to detailed transactions, and identifying anomalies.
Processes reports for month end bank account reconciliation and auditors review as needed
Escalates issues related to process gaps and timely handling of transactions. Issues standard operating procedures or controls.
Adheres to MFA iCARE culture of high quality and great customer service, accountability, and respect.
Performs other duties that may be necessary or in the best interest of the organization.
Qualifications The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
3-5 years’ experience in patient financial Services at an intermediate level in a healthcare practice or system.
Proficient with Microsoft Excel, Word, and PowerPoint.
Ability to work with a large number of transactions. Attention to detail with the ability to identify trends, root cause analysis, and interpret data from reports, payer documents, or internal financial data. Organizational skills to support leadership of this function. Good listening and comprehension skills to follow instructions to minimize errors and misinterpretations.
Knowledge of state and federal regulations regarding HIPAA and PHI.
Education: A Bachelor’s degree in business administration with a major in accounting or an equivalent combination of training and experience is necessary.
Competencies Ability to do math calculations, input data into the computer, and analyze data as requested. Must be able to communicate providing verbal feedback in a professional manner. Must be able to follow and understand instructions, and react favorably in all work situations. Must be mentally adaptable and flexible in dealing with a variety of people.
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The George Washington University Medical Faculty Associates (MFA) is the largest multi-specialty physician practice in Washington, DC, that is conveniently located in one building. We are committed to providing the best possible, most comprehensive, and most convenient care to our patients. Our investment in medical technology allows us to serve our neighbors, our country, and our international community.
The MFAs practice is built upon a long-standing tradition of care and community partnership. Our academic medical and surgical specialties and multidisciplinary approach to treating patients has far reaching roots in the local and international communities.
The MFA recently embarked on a new direction in defining its role in the healthcare communityto accelerate the addition of cutting edge medical technologies and unsurpassed patient service to its practice. MFA world-renowned physicians teach the most current medical knowledge to medical students, residents, and fellows. Additionally, our physicians keep learning through our Continuing Medical Education classes, advancing the theory and practice of disease detection, diagnosis, and treatment.
In July of 2000, the MFA became a non-profit, 501 (c)(3) organization, governed by a physician and executive board of directors. Currently, with more than 270 doctors and 41 medical specialties, the MFA is the largest and most comprehensive physician practice in the District that is conveniently housed in a 316,000 square-foot facility, treating an average of 1,500 patients a day.
In the future, MFA healthcare services will continue to meet the needs of the areas diverse populations with superior and effective patient care. Patients can look forward to receiving care from the best doctors using the most patient-friendly and efficient technology available. We are currently in the process of incorporating an electronic clinical records system, launching the MFA to the forefront of both medical and patient services technology.