What are the responsibilities and job description for the VARIANCE ANALYST position at UHS?
Responsibilities
One of the nation's largest and most respected hospital companies, Universal Health Services, Inc. (UHS) has built an impressive record of achievement and performance. Steadily growing from a startup to an esteemed Fortune 500 corporation, UHS today has annual revenue nearing $10 billion. In 2017, UHS was recognized as one of the World's Most Admired Companies by Fortune; ranked #276 on the Fortune 500, and listed #275 in Forbes inaugural ranking of America's Top 500 Public Companies. Our operating philosophy is as effective today as it was 40 years ago: Build or acquire high quality hospitals in rapidly growing markets, invest in the people and equipment needed to allow each facility to thrive, and become the leading healthcare provider in each community we serve. Headquartered in King of Prussia, PA, UHS has more than 87,000 employees and through its subsidiaries operates more than 320 acute care hospitals, behavioral health facilities and ambulatory centers in the United States, Puerto Rico, the U.S. Virgin Islands and the United Kingdom.
The Atlantic Region CBO is seeking a dynamic and talented Variance Analyst.
The primary responsibility of the Variance Analyst is the resolution of over and underpayment discrepancies on paid accounts. Assists in review of the PRM and assures properly maintained. Actively participates in contract review. Completes other tasks and assignments in a timely manner.
Key Responsibilities include:
- Respond to manager's requests in a timely manner.
- Able to recognize any variances regarding payments from all third party carriers
- Advises manager on any discrepancies to ensure that corrections, if applicable are made to each plan.
- Corrects all log errors as they occur in a timely and satisfactory manner.
- Documents all actions in note screen of Patient Accounting system.
- Has a good understanding of all insurance regulations and requirements for accurate maintenance of the cost payer logs.
- Posts allowed adjustments as needed to assigned accounts.
- Directs any problems with accounts or where additional intervention is needed by management for resolution
- Contact third party payers when changes occur in the reimbursement amount to determine of corrections need to be made in the discount.
- Other duties as assigned
Qualifications
Position Requirements:
- Proactive, assertive articulates knowledge and understanding of payer claims processing philosophies.
- Understands complex managed care agreements.
- The ability to communicate clearly and concisely both verbally and writing.
- Customer focused, providing service consistently exceeding expectations to both internal and external customers.
- Proficiency in Microsoft Office applications and others as required. Ability to prioritize needs and to manage resources.
- High school diploma or equivalent and 1-3 years contract analysis experience preferred.
This opportunity provides the following:
- Challenging and rewarding work environment
- Growth and development opportunities within UHS and its subsidiaries
- Competitive Compensation
- Excellent Medical, Dental, Vision and Prescription Drug Plan
- 401k plan with company match
- Generous Paid Time Off
If you meet the above requirements and are looking for a rewarding career, please take a moment to share your background with us by applying online. UHS offers competitive compensation commensurate with experience and benefits programs including medical, dental, life insurance and 401k. UHS is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at UHS via-email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of UHS. No fee will be paid in the event the candidate is hired by UHS as a result of the referral or through other means. UHS is a registered trademark of UHS of Delaware, Inc., the management company for Universal Health Services, Inc. and a wholly-owned subsidiary of Universal Health Services, Inc. Universal Health Services, Inc. is a holding company and operates through its subsidiaries including its management company, UHS of Delaware, Inc. All healthcare and management operations are conducted by subsidiaries of Universal Health Services, Inc. To the extent any reference to "UHS or UHS facilities" on this website including any statements, articles or other publications contained herein relates to our healthcare or management operations it is referring to Universal Health Services' subsidiaries including UHS of Delaware. Further, the terms "we," "us," "our" or "the company" in such context similarly refer to the operations of Universal Health Services' subsidiaries including UHS of Delaware. Any employment referenced in this website is not with Universal Health Services, Inc. but solely with one of its subsidiaries including but not limited to UHS of Delaware, Inc.
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