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Vaco is working with an industry-leading healthcare company in Delaware County that is looking for an Accounting Manager. We are looking for candidates that have 10 to 15 years of total accounting experience, ideally starting out in public accounting after graduating with an accounting degree and then moving to an "industry" role after a few years in public accounting. We need someone that still wants to be hands on while also managing a team. So, we are looking for someone with good hands-on technical accounting experience along with excellent communication and interpersonal skills and that wants to continue to be involved with both parts of the job. We need someone who can be hands on and oversee the entire revenue cycle management process and manage and direct team members that are involved with this.We are looking for candidates with hands on ASC 954 experience and its various sub-categories such as:-An understanding of the fundamental characteristics of the revenue cycle in health care services transactions including parties to revenue transactions, patient billing systems and "gross charges", dealing with contra-revenue accounts that include contractual allowances or adjustments, discounts, charity care, and allowances for implicit price concessions.-Understanding how relationships with third-party payers (or when patients are uninsured, the lack of a relationship) play a significant role in how health care is purchased-Understanding of third-party payment methodologies including fee schedules, per diem, fee for service, and per case (per discharge, per encounter, per visit) models.-Experience with In-Network, Out-of-Network, and Medicare and Medicaid billing and revenue recognition is also greatly desired for this role.Any experience working with creating, following, and streamlining metrics related to these important billing KPIs and metric areas would be highly beneficial as well:-Billing Accuracy-Claim Rejection Levels-Denial Levels-Denial Resolution Levels-Third Party Payor Collection activity-Patient Direct Collection activity-Aging report stages-Reporting for all above areas and presenting to Executive team when neededSalary level for this opening will be in the 125k to 140k range depending on experience and how things progress during the interview process. If you are interested, please apply and I will contact you to schedule a confidential phone call to discuss the opening and our client in more detail.

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$125000K
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What You Should Know About Accounting Manager, Vaco

Vaco is excited to present an incredible opportunity for an Accounting Manager at a leading healthcare company located in Chadds Ford, PA. If you have 10 to 15 years of accounting experience and a solid background that includes a stint in public accounting, we want to hear from you! This role is perfect for someone who thrives in a team environment but also enjoys rolling up their sleeves to dive into the intricacies of accounting. You’ll be overseeing the entire revenue cycle management process, guiding a talented team, and making impactful decisions. The ideal candidate will have a robust understanding of ASC 954 and its various subcategories, alongside excellent communication and interpersonal skills. Your expertise in the healthcare revenue cycle, including the relationship dynamics with third-party payers and billing methodologies—like fee schedules and per diem models—will be pivotal in this role. You’ll be expected to manage various billing metrics and report on them to our executive team, enhancing the organization's financial performance. With a salary range of $125k to $140k based on experience, Vaco is here to support you through the application and interview process. Ready to take your career to the next level? Join us and be a part of a thriving company in the healthcare sector!

Frequently Asked Questions (FAQs) for Accounting Manager Role at Vaco
What are the primary responsibilities of the Accounting Manager at Vaco in Chadds Ford?

The Accounting Manager at Vaco in Chadds Ford will oversee the entire revenue cycle management process while also managing and directing team members involved in this process. Key responsibilities include understanding and applying ASC 954 standards, ensuring billing accuracy, managing relationships with third-party payers, and presenting financial reports to the executive team.

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What qualifications are required for the Accounting Manager position at Vaco?

Candidates for the Accounting Manager position at Vaco should possess 10 to 15 years of accounting experience, ideally beginning in public accounting. A degree in accounting is essential, alongside strong technical accounting skills, excellent communication abilities, and experience with ASC 954 and healthcare billing methodologies.

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What types of healthcare billing experience are preferred for the Accounting Manager role?

Ideal candidates for the Accounting Manager position at Vaco should have experience with In-Network, Out-of-Network, Medicare, and Medicaid billing systems. Understanding billing methodologies such as fee-for-service, per diem, and claim resolution processes is critical for success in this role.

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What salary can Accounting Managers expect at Vaco in Chadds Ford?

The salary range for the Accounting Manager position at Vaco in Chadds Ford is between $125k and $140k, depending on the candidate's experience and the outcomes of the interview process.

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How does the Accounting Manager at Vaco contribute to optimizing billing metrics?

The Accounting Manager at Vaco plays a crucial role in creating, following, and streamlining metrics related to billing performance, such as billing accuracy, claim rejection rates, and denial resolution levels. This involves monitoring third-party payor collection activities and presenting detailed reports to the executive team for performance evaluations.

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Common Interview Questions for Accounting Manager
Can you explain your experience with ASC 954 and how it relates to healthcare accounting?

When answering this question, provide specific examples of how you have applied ASC 954 standards in your previous roles, emphasizing your understanding of the revenue cycle and how ASC 954 impacts financial reporting and compliance.

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How do you ensure accuracy in the revenue cycle management process?

Discuss procedures you've implemented in past roles, such as regular audits, team training, and employing robust accounting software to track accuracy. Mention any metrics used to measure effectiveness.

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Describe a time when you improved the billing process.

Be prepared to share a specific example where your intervention resulted in measurable improvements, such as reduced claim rejection rates or faster billing cycles. Detail your steps and the outcome.

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What strategies do you use to manage relationships with third-party payers?

Your answer should highlight your communication skills and previous experiences working collaboratively with payers, resolving disputes, and negotiating better terms. Share successful relationships you’ve built and maintained.

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How do you handle discrepancies in patient billing?

Discuss your approach to investigating billing discrepancies, the importance of strong attention to detail, and maintaining open lines of communication with both billing staff and patients for effective resolution.

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Can you provide an example of a challenging team management situation and how you handled it?

Use the STAR method (Situation, Task, Action, Result) to describe a relevant situation where you guided your team through challenges, focusing on your leadership skills and conflict resolution techniques.

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What experience do you have with key performance indicators in billing?

Mention specific KPIs you've tracked in your previous roles, such as denial rates or collection efforts. Discuss how you utilized these metrics to inform decision-making and improve overall performance.

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How would you stay updated with changes in healthcare billing regulations?

Express your commitment to professional development, mentioning resources such as industry publications, conferences, and continuing education opportunities you regularly engage with to stay informed.

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What is your approach to training new team members in billing processes?

Highlight your training methodology, emphasizing both structured onboarding and ongoing mentorship practices that ensure team members understand their roles and the broader billing strategy.

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Why do you want to work for Vaco as an Accounting Manager?

When answering this, align your motivations with Vaco’s values and mission. Speak to the specific aspects of Vaco’s industry-leading position that resonate with your career goals and the contributions you hope to make.

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Vaco understands the significance of drawing the circle wider to broaden our perspective, to connect on a deeper level, and to be a force for positive change in our world. With thousands of Vaconians and clients around the globe, our vision is cr...

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Full-time, on-site
DATE POSTED
December 15, 2024

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