A Revenue Accountant organizes and maintains financial records and reports for a company and closely monitors sales and service revenue for the company. Performs daily account reconciliations and prepares daily and monthly financial statements. May oversee company accounting department staff.
Director of Finance Technology & Data Resources Position Overview:
The 340B Revenue Specialist is responsible for the data transfer from the agency's electronic medical records system (EcW), into Sage Intacct, and processing payment data from third-party administrators (TPAs). This role supports the Director of Finance Technology & Data Resources (DFT), in all aspects of 340B data recognition and is responsible for consistently following existing protocols for 340B revenue & payment recognition. The 340B Revenue Specialist will assist in analyzing & reporting outstanding scripts and is required to follow up, as needed, to ensure qualified scripts are reimbursed.
Job Duties & Responsibilities:
Data Import:
Access data to capture monthly revenue activity, as revenue estimates for 340B Record drug expense estimate, based on revenue entry, to recognize inventory reduction. Recognize 340B inventory purchases clearing the Pharmacy bank account. Coordinate with DFT, to true up inventory general ledger, to TPA inventory. Utilize TPA payment data to create reversal of applicable revenue estimates, and entry of revised, actual revenue (net adjustment) in the current open month. Record dispensing and administrative fees from TPAs. Record payment information from TPA and apply to script-level receivables. Analyze outstanding and unpaid scripts. Follow through to complete script qualifications and/or to communicate to TPA, for additional information. Work with DFT to ensure that all scripts are paid, or written off. Assist in the creation and reporting of KPIs related to 340B, as requested.
Revenue Verification and Reconciliation:
Confirm revenue estimates tie back to EcW, reflecting revenue in the month of the medical appointment. Confirm revenue estimate reversals and revised revenue are recorded in the open month. Confirm general ledger TB for inventory, to total TPA inventory.
Communication and Coordination:
Communicate with program staff regarding data inconsistencies or discrepancies. Communicate with DFT, or contractors (APIs), to ensure accuracy of imports. Ensure data transfer occurs with little or no modification, from the original source to Sage Intacct. Report to DFT, any instances where manual edits are required. Maintain adherence to data capture & import processes, & security protocols.
General Ledger Support:
Assist DFT, in all aspects related to accurate recognition of agency 340B revenue, as reported in agency financial statements. Complete analysis activities and special projects assigned by the DFT or CFO. Develop a clear understanding of key individual accounting controls related to data capture, revenue recognition, and accounts receivable.
Job Requirements & Qualifications:
Have a clear understanding of 340B and complete necessary training to understand compliance with 340B regulations, as it relates to Resource Center programs. Strong process management and time management skills. Attention to detail and accuracy in data capture. Proficiency in Microsoft Excel and other Microsoft products.
