Req #: 0000197827
Category: Professional / Management
Status: Full-Time
Shift: Day
Facility: RWJBarnabas Health Corporate Services
Department: Decision Support
Pay Range: $91,000.00 - $130,000.00 per year

• Maintains cost accounting rules for each facility, to ensure consistent handling of direct and indirect expenses, and appropriate alignment of expenses with revenue.
• Develop an efficient process to facilitate timely GL cost updates and consistency across the sites.
• Responsible for maintaining department mapping tables, GL account to component mapping rules, payroll account to component mapping rules and, overhead allocation rules to ensure allocated costs are appropriately aligned to encounter data.
• Communicates effectively with site Finance department managers to gain understanding of GL expenses, research GL changes, make recommendations for indirect allocations and review costing results.
• Reconcile GL Revenue to Charge data within Strata application to ensure that data is accurately captured and aligns with the cost allocated.
• Prepare work papers to reconcile Strata GL data to Financial Statements, audit GL account to component mappings, Indirect step-down results and document the costing model.
• Develop an efficient process to facilitate timely GL cost updates and consistency across the sites.
• Performs weekly audit of costing results applied to encounter data to ensure completeness of encounter cost data.
• Participates in Cost Accounting user group discussions to learn about costing system enhancements and stay abreast on trends in industry costing methods.
• Development of costing model for new entities and training new staff on cost accounting module.
• Generates reports in response to ad hoc requests, ensuring accuracy and timeliness of the data.

This position reports to the Manager of Decision Support and will work closely with other members of the Decision Support team. This position will be hybrid remote, working from home and travel between the RWJBarnabas Health locations may be required.

• Bachelor’s degree in Finance/Accounting required. 7-10 years of Healthcare Finance or Decision Support experience with at least 5 of those years focused in Healthcare Cost Accounting. A Masters degree a plus.
• Expert understanding of cost accounting principles needed to accurately measure and analyze costs associated with patient care. Ability to distinguish between direct costs tied to a specific service, and those that are allocated across operations.
• Proficiency in applying various costing methods such as Ratio of Cost to Charge (RCC), Relative Value Unit (RVU) or Activity Based Costing (ABC) to accurately allocate costs to specific services.
• Proficiency with Healthcare clinical procedures and operations, and resource utilization to understand accurate cost attribution.
• Proficient with Patient Accounting billing data is essential to appropriately analyze patient services to calculate the cost of care and evaluate service line performance. Hospital and Physician billing system knowledge, such as EPIC, a plus.
• Proficient in Healthcare Cost Accounting analytical tools, such as STRATA Jazz.
• Proficient in Microsoft Excel, and strong analytical skills required.
• Must be detail-oriented and demonstrate ability to analyze large amounts of data and present a meaningful format.