Financial Coordinator Risk Management

About The Job

General Summary of Position: Financial coordinator between MedStar's self-insured claims management program and MedStar's captive insurance company. Provides detailed financial information, processes expenses, and coordinates with defense counsel and other insurance programs.

Primary Duties And Responsibilities

• Contributes to department goals and adheres to policies, procedures, quality standards, and safety standards.
• Complies with governmental and accreditation regulations.
• Manages reconciliation, customization, and payment interface process for MedStar's professional medical liability program.
• Tracks and follows up on defense counsel invoices, both internally and externally.
• Maintains accurate information about vendors, timekeepers, and billing rates.
• Captures W9 forms and prepares invoices for review and approval.
• Collaborates with Finance department for proper accounting of captive insurance company financial transactions.
• Works with Gallagher Bassett, Finance, and Accounting departments for accurate processing of workers' compensation financial transactions.
• Reconciles accounts, identifies errors, and prepares documentation for wire transfers and ACH transactions.
• Maintains CMS accurate monthly and quarterly Medicare beneficiary information.
• Coordinates and processes operating expenditures for the Corporate Risk Management department.
• Serves as timekeeper for the Corporate Risk Management department.
• Schedules and supports meetings with corporate and hospital leadership.
• Coordinates meetings, organizes room reservations, catering, equipment, invitations, and schedules conference calls and training sessions.
• Supports claims managers and risk management team members; coordinates web-based electronic meeting agendas, reports, loss prevention tracking, and early intervention payments and tracking.
• Manages trial and mediation calendars, provides administrative support, and prepares meeting materials for key claim management functions.
• Manages electronic claims management notification system operated by CT Corp.
• Responsible for managing and processing operating expenditures related to the Corporate Risk Management department.
• Works directly with Accounts Payable to ensure accuracy of all accounts.
• Supports claims managers to ensure compliance with the Claims Management Program Billing and Defense Counsel Guidelines.
• Establishes and maintains a working relationship with billing departments of multiple law firms retained by MedStar.
• Manages trial and mediation calendars, provides administrative support, and prepares meeting materials for key claim management functions.
• Schedules and provides documentation and support for several monthly and quarterly meetings with corporate and hospital leadership.
• Coordinates meetings including organizing room reservations, catering, equipment, invitations, and schedules conference calls and training/educational sessions.
• Works directly with the Administrative Director, Director of Insurance, and Director Claims Operations on various departmental projects.

Qualifications

• Education: Associate's degree in accounting or business administration or related field required or equivalent combination of education/training and experience will be considered.
• Experience: Administrative management experience required.
• Licenses and Certifications: No special certification registration or licensure required.
• Knowledge, Skills, and Abilities: Excellent written and verbal skills, sound judgment, budgeting and accounting skills, ability to prioritize and multi-task in a fast-paced work environment, honesty, trustworthiness, problem-solving, resourcefulness, service-oriented approach, proficiency in Microsoft Excel, PowerPoint, Word, Outlook, and claims management program billing applications (Donegal and Harvard RMF CMAPS programs).

Pay

Hiring Range: USD $65,062.00 - USD $117,291.00 /Yr.