About this role
Supervision Received: Minimal supervision required. Reports to Administrator/CEO.
Typical Physical Demands: Requires sitting for long periods of time. Able to work under stress. Telephone etiquette required. Manual dexterity required for use of computer keyboard.
Typical Working Conditions: Working in an office environment. Occasional evening work.
Educational Requirements: Bachelor's degree required. Advanced degree (MBA,MHA,MD,JD) or certification (CPA,CMA,CMPE) required.
Skills and Abilities:
*Must be able to communicate effectively in a very professional and courteous manner.
*Must have strong interpersonal skills.
*Word processing/administrative skills, including written and verbal communication.
*Ability to exercise initiative, problem-solving, and decision making. Must perform all job duties in an accurate, professional and expedient manner.
*Experience managing maximizing the profitability of a medical practice.
*Comfortable performing quantitative and analytical duties.
*Ability to handle many projects at one time.
Responsibilities include, but are not limited to, the following:
• Reviews monthly productivity reports and monitors productivity, revenue, and overhead for each physician.
• Oversees administration of physician compensation formula.
• Maintains solid relationships with outside financial advisors – i.e., accounting firm and bank
• Maintains and oversees a system of internal financial controls.
• Directs and oversees the facilitation of accounts payable, and generation of internal financial statements monthly.
• Directs the development of a financial chart of accounts, and oversees its implementation of use.
• Reviews profitability of all cost centers monthly.
• Analyzes and presents financial analyses to the Board.
• Facilitates physician-requested financial analyses.
• Oversees performance of billing, receivables, and collection functions – and the basic operational systems of each.
• Oversees retirement plan administration.
• Develop the annual budget and monitor the monthly financial results to ensure budget is adhered to.
• Oversees all functions and operations of the Business Office.
• Completes all annual reviews of Business Office staff.
• Administrative support to physicians as needed.
• Other duties as assigned.