Director, Revenue Accounting
Duly Health and Care · Downers Grove, IL · 1 mo ago
Accounting$125k–$188k/yrFull-time
Responsibilities
- Revenue Recognition & Accounting Leadership
- Oversee revenue recognition for FFS, capitation, shared savings, quality incentives, and risk-adjusted revenue.
- Ensure compliance with GAAP, healthcare revenue accounting standards, and payor contract requirements.
- Lead monthly and quarterly revenue close processes, including accruals, reconciliations, and variance analysis.
- Develop and maintain accounting policies for both traditional and alternative payment models.
- Fee-for-Service (FFS) Revenue Oversight
- Partner with Revenue Cycle to ensure accurate charge capture, coding, billing, and collections.
- Monitor denials, underpayments, and payor behavior to ensure accurate net revenue.
- Oversee reconciliation of billed vs. recognized revenue and identify trends impacting financial performance.
- Value-Based Care (VBC) Revenue Oversight
- Lead accounting for shared savings, downside risk, quality bonuses, risk adjustment, and attribution-based payments.
- Manage payor settlements, reconciliation statements, and dispute resolution.
- Collaborate with Population Health and Actuarial teams to validate performance metrics and financial projections.
- Ensure accurate accruals for expected VBC revenue based on utilization, quality, and risk scoring.
- Financial Reporting & Analysis
- Produce executive-level reporting on revenue performance across FFS and VBC portfolios.
- Analyze trends in utilization, payor mix, risk scores, and contract performance.
- Support budgeting and forecasting for both traditional and alternative reimbursement streams.
- Provide insights to leadership on revenue risks, opportunities, and strategic implications.
- Cross-Functional Collaboration
- Work with Contracting to evaluate payor agreements and financial impact.
- Partner with Clinical Operations and Population Health to connect financial outcomes with care delivery initiatives.
- Collaborate with IT/Data teams to ensure integrity of claims, encounter, and attribution data.
- Leadership & Team Development
- Lead and mentor a team of revenue accountants.
- Build scalable processes and internal controls to support organizational growth.
- Foster a culture of accuracy, accountability, and continuous improvement.
Qualifications
- Bachelor’s degree in accounting, Finance, or related field.
- 4+ years of progressive accounting experience preferably in healthcare.
- Knowledge of FFS reimbursement, VBC models, and GAAP a plus.
- Some experience with revenue recognition for capitation, shared savings, and risk-based contracts.
- Leadership experience managing accounting or revenue teams.
- CPA or MBA.
- Experience in a health system, large medical group, ACO, MSO, or payor.
- Familiarity with risk adjustment methodologies, actuarial concepts, and claims analytics.
- Knowledge of ERP systems and healthcare revenue tools.
- Technical accounting expertise.
- Deep understanding of healthcare reimbursement.
- Risk-based contract analysis.