Charted Accountant at Hospital For Trauma and Surgery

Position Overview

An exciting opportunity has arisen for a motivated professional to join our healthcare finance team in a key accounting role.

Financial Reporting and Analysis

• Prepare Financial Statements: Compile and analyze specific financial statements for hospital operations, including balance sheets, income statements, and cash flow reports
• Financial Analysis: Analyze financial data, trends, and key performance indicators (KPIs) to identify discrepancies, monitor financial performance, and provide insights to management
• Cost Accounting: Conduct detailed cost reporting, including calculating the cost of medical procedures, services, and departments to identify areas for efficiency and cost reduction
• Regulatory Reporting: Prepare and submit financial reports to state and federal regulatory agencies, third-party payers, and other external stakeholders, ensuring compliance with healthcare-specific regulations

Budgeting and Forecasting

• Annual Budget Preparation: Assist in the development and preparation of the hospital's annual operating and capital budgets, collaborating with various department heads and administrators
• Monitoring and Variance Analysis: Monitor departmental and hospital-wide expenditures against the budget, investigate variances, and report on financial outcomes
• Forecasting: Conduct financial forecasting and risk analysis to aid in strategic planning for future financial stability

General Accounting and Record Keeping

• General Ledger (GL) Maintenance: Maintain and reconcile the general ledger, account ledgers, and subsidiary accounts
• Journal Entries: Prepare and enter monthly or recurring journal entries
• Reconciliations: Perform bank reconciliations and reconcile various accounts
• Accounts Payable (AP) and Accounts Receivable (AR): Oversee or directly manage the processes for accounts payable (vendor invoices) and accounts receivable (patient/payer billing)

Revenue Cycle Management and Billing

• Patient Accounts and Billing: Monitor, balance, and manage patient accounts and billing processes