Jobs · Accounting · Illinois

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.

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