Healthcare Accountant
Accounting

Healthcare Accountant

Looking to hire your next Healthcare Accountant? Here’s a full job description template to use as a guide.

72000
yearly U.S. wage
28800
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

At Vintti, we understand the importance of real-time collaboration in today's fast-paced business environment. Our staffing solutions focus on connecting US companies with Latin American talent operating in compatible time zones. This strategic approach ensures that businesses can engage with their team members during regular office hours, facilitating immediate communication, swift problem-solving, and seamless project coordination.

Description

A Healthcare Accountant plays a crucial role in managing the financial operations of healthcare organizations, including hospitals, clinics, and medical practices. This professional is responsible for maintaining accurate financial records, preparing financial statements, and ensuring compliance with healthcare regulations and accounting standards. By performing detailed financial analysis, a Healthcare Accountant helps organizations optimize their budgets, allocate resources effectively, and plan for future financial stability. Their expertise in both healthcare industry specifics and accounting principles enables them to provide critical insights that support strategic decision-making and overall financial health.

Requirements

- Bachelor's degree in Accounting, Finance, or a related field.
- CPA certification preferred.
- Minimum of 3-5 years of accounting experience, with at least 2 years in healthcare accounting.
- Strong understanding of healthcare financial regulations and compliance.
- Proficient in accounting software and Microsoft Office Suite, especially Excel.
- Experience with financial forecasting, budgeting, and risk analysis specifically in healthcare.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and high accuracy in work.
- Ability to work under pressure and meet tight deadlines.
- Exceptional communication and interpersonal skills.
- Ability to explain complex financial information to non-financial personnel.
- Demonstrated ability to develop and implement cost-saving strategies.
- Knowledge of healthcare billing processes and insurance claims management.
- Experience with fixed asset management in a healthcare setting.
- Proven ability to manage accounts payable and receivable.
- Familiarity with payroll processing and healthcare labor laws.
- Strong organizational skills and ability to prioritize tasks effectively.
- Experience conducting internal audits and preparing for external audits.
- Ability to train and supervise junior accounting staff.
- Commitment to continuous learning and staying updated on changes in healthcare regulations and financial standards.
- Strong ethical standards and confidentiality in handling sensitive financial information.

Responsabilities

- Compile and analyze financial statements specific to healthcare operations.
- Prepare and process monthly billing.
- Reconcile daily deposits and payments.
- Monitor and control financial performance.
- Collaborate with healthcare administrators and department heads.
- Perform audits to ensure compliance.
- Record and manage accounts payable and receivable.
- Calculate and distribute payroll.
- Maintain and update fixed asset schedules.
- Prepare and submit financial reports to regulatory agencies and stakeholders.
- Develop and implement cost-saving strategies.
- Support external audit processes.
- Conduct financial forecasting and risk analysis.
- Assist in the preparation and management of the annual budget.
- Ensure accurate entry of financial data into accounting software systems.
- Train and supervise junior accounting staff.
- Respond to financial inquiries.
- Manage and review contracts with healthcare providers and vendors.
- Track and analyze grant funding and financial assistance programs.
- Stay updated on changes in healthcare regulations and financial standards.

Ideal Candidate

The ideal candidate for the Healthcare Accountant role will be a highly detail-oriented and accurate professional with a Bachelor's degree in Accounting, Finance, or a related field, and preferably a CPA certification. They will bring 3-5 years of robust accounting experience, with at least 2 years in healthcare accounting, demonstrating a deep understanding of healthcare financial regulations and compliance. Proficiency in accounting software and the Microsoft Office Suite, especially Excel, is essential, along with experience in financial forecasting, budgeting, and risk analysis specifically within the healthcare sector. They will possess strong analytical and problem-solving skills, exceptional attention to detail, and the ability to work effectively under pressure to meet tight deadlines. Excellent communication and interpersonal skills are crucial, enabling them to clearly explain complex financial information to non-financial personnel. This candidate will be proactive, self-motivated, and capable of managing multiple tasks simultaneously while maintaining high ethical standards and confidentiality in handling sensitive financial information. Demonstrated ability to develop and implement cost-saving strategies, manage accounts payable and receivable, conduct internal audits, and prepare for external audits will be key. They will have strong organizational skills, the capacity to supervise junior accounting staff, and a commitment to continuous learning, staying abreast of changes in healthcare regulations and financial standards. The ideal candidate will thrive in a fast-paced environment, show adaptability, and exhibit a collaborative approach, effectively working with various departments and healthcare professionals to develop and implement innovative financial strategies that enhance the facility's performance.

On a typical day, you will...

- Compile and analyze financial statements specific to healthcare operations, including patient revenues and expenses.
- Prepare and process monthly billing to patients, insurance companies, and government programs.
- Reconcile daily deposits and payments, ensuring alignment with accounting records.
- Monitor and control financial performance by evaluating financial reports and identifying areas for improvement.
- Collaborate with healthcare administrators and department heads to explain financial data and support budgetary decisions.
- Perform audits to ensure compliance with healthcare regulations and financial practices.
- Record and manage accounts payable and receivable, including vendor payments and patient collections.
- Calculate and distribute payroll, ensuring compliance with healthcare labor laws.
- Maintain and update fixed asset schedules, tracking medical equipment and facilities.
- Prepare and submit financial reports to regulatory agencies and stakeholders.
- Develop and implement cost-saving strategies and efficiency improvements within the healthcare facility.
- Support external audit processes by providing necessary documentation and explanations.
- Conduct financial forecasting and risk analysis specific to the healthcare industry.
- Assist in the preparation and management of the annual budget, including capital expenditure planning.
- Ensure accurate entry and integrity of financial data into accounting software systems.
- Train and supervise junior accounting staff on healthcare-specific accounting procedures.
- Respond to financial inquiries from patients, insurance companies, and internal departments.
- Manage and review contracts with healthcare providers, suppliers, and external vendors.
- Track and analyze grant funding and other financial assistance programs relevant to healthcare services.
- Stay updated on changes in healthcare regulations and financial standards.

What we are looking for

- Detail-oriented with a high degree of accuracy
- Strong analytical and problem-solving skills
- Proficiency in financial software and Excel
- Ability to handle pressure and meet deadlines
- Excellent communication and interpersonal skills
- Able to explain financial data to non-financial staff
- Proactive and self-motivated
- Strong organizational and time-management skills
- Capability to manage multiple tasks simultaneously
- Ability to work independently and as part of a team
- High ethical standards and integrity
- Strong leadership and supervisory skills
- Adaptable and able to thrive in a fast-paced environment
- Commitment to continuous learning and professional development
- Efficient in identifying cost-saving opportunities
- Strong technical understanding of healthcare financial regulations
- Proven ability to manage sensitive financial information confidentially
- Exceptional attention to compliance and detail in audits
- Effective collaboration with various departments and healthcare professionals
- Ability to develop and implement innovative financial strategies

What you can expect (benefits)

- Competitive salary range ($70,000 - $90,000 annually, depending on experience)
- Comprehensive health insurance (medical, dental, vision)
- 401(k) retirement plan with company matching
- Paid time off (PTO) including vacation, sick leave, and holidays
- Flexible work schedule with potential for remote work
- Professional development opportunities and continuing education support
- Tuition reimbursement for relevant courses and certifications
- Life and disability insurance coverage
- Employee wellness programs, including gym memberships
- Employee assistance programs (EAP) for personal and professional support
- Opportunities for career advancement within the healthcare institution
- Performance-based bonuses and incentives
- Access to state-of-the-art healthcare technology and resources
- Collaborative and inclusive work environment
- Employee recognition and rewards programs
- On-site childcare facilities or childcare assistance programs
- Discounted healthcare services for employees and their families

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