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Position Details

Department: Financial Planning & Analysis
Category: Accounting & Finance
Location: Phoenix
Posting #: 473987
Date Posted: 9/10/2019
Employee Type: Regular

Position Summary

The Sr Cost Accountant reports to department leadership and is responsible for the development, maintenance and processing of the cost accounting system (Allscripts EPSi). This individual maintains cost accounting data with a high degree of accuracy and integrity, coordinates with other department leaders to develop standard costs associated with each procedure, and ensures overhead costs are properly allocated. The Sr Cost Accountant is responsible for having a thorough knowledge of cost accounting principles and concepts, as well as an understanding of hospital financial concepts and terminology (i.e. DRG, RCC and RVUs) to provide a basis for operational and clinical analysis. This individual provides ongoing analysis of the Service Line Profitability, Utilization impacts and adhoc profitability reporting for both VPs and Directors. The Sr Cost Accountant will need to be able to communicate these impacts in a clear and actionable way.

PCH Values

  • Family-Centered care that focuses on the need of the child first and values the family as an important member of the care team
  • Excellence in clinical care, service and communication
  • Collaborative within our institution and with others who share our mission and goals
  • Leadership that set the standard for pediatric health care today and innovations of the future
  • Accountability to our patients, community and each other for providing the best in the most cost-effective way.

Position Duties

  1. Prepares and analyzes monthly/quarterly/year-end cost accounting closing, and financial reporting information.
    • a. Obtains and loads clinical utilization data and works with errors to ensure that utilization is mapped to the correct department and that standard codes for RVU is maintained.
  2. Responsible for accurate product costing and standard cost reporting (ABC, ASC, PLC, RCC, RVU and VCC, costing).
    • a.Prepares, analyzes and communicates key financial information and provides support to management, Directors and VP`s regarding financial reporting and other issues as related to various cost standards.
  3. Prepare detailed account analysis to reconcile revenue, expense, cost and other accounts by customer type by division.
  4. Works with various departments to maintain, analyze, and optimize all positive and negative predictive values of statistical value data.
    • a.Aiding in analyzing standard costs for proposed acquisitions and assisting in the development of new standard costs as required
  5. Works with revenue centers and purchasing to develop and setup annual standard costs and labor rates for products (product line costing).
    • a.Along with calculating direct labor, material and production costs, cost accountants also establish the value of inventory as it changes with market fluctuations
  6. Coordinates on cost metrics with management to drive cost improvements.
    • a.Analyzes and solves problems in utilization process, costing process, and supporting statistics associated with financial and service line reporting
  7. May escalate issues to manager for resolution, as deemed necessary.
    • a.Serves as consultant to all levels of management to provide decision support for initiatives, policies and procedures.
  8. Analyzes Disproportionate Share payments and loads, reconciles and reports out their impact.
    • a. Get the DISH amounts for the month and load them in PLA, reconcile and report out impact by service line
  9. Performs miscellaneous job related duties as requested.

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Position Qualifications

Please review the following qualifications and specify whether you meet each of the requirements listed.
Do you meet this requirement?
Education
1. Bachelors in a related field or equivalent combination of education and experience Required
2. Masters Degree in Business Administration, Healthcare Administration or related field Preferred
Do you meet this requirement?
Experience
1. Five (5) years experience in a related field. Required
2. Cost Accounting experience Required
3. Experience configuring and administering Decision Support information systems Required
4. Experience with the development of Microsoft Access databases or Microsoft Excel Required
5. Experience in client/server environments, Windows desktops and servers, networking and Healthcare systems and solutions for clinical and financial purposes Preferred
6. Understanding of data warehousing and business intelligence concepts Preferred
7. Familiar with hospital Charge Description Master Preferred
Do you meet this requirement?
Special Skills
1. Knowledge of healthcare cost accounting Required
Physical Requirements & Occupational Exposure/Risk Potential
1. Physical Requirement - Fine Motor Skills (pinching, gripping, etc) Occasionally
2. Physical Requirement - Hearing Frequently
3. Physical Requirement - Reaching Frequently
4. Physical Requirement - Sitting Frequently
5. Physical Requirement - Standing Frequently
6. Physical Requirement - Stooping/crouching/kneeling/crawling Occasionally
7. Physical Requirement - Talking Frequently
8. Physical Requirement - Walking Frequently
9. Physical Requirement - Near Vision Frequently
10. Physical Requirement - Far Vision Frequently
11. Physical Requirement - Color Discrimination Occasionally
12. Physical Requirement - Use of keyboard, mouse and/or computer equipment Constantly
13. Physical Requirement - Lift up to 35 pounds without assistance Occasionally
14. Occupational Exposure/Risk Potential - Inside office environment Applicable
internal/external
I have reviewed the qualifications, physical requirements and occupational exposure/risk potential for this position and wish to apply