Accounts Receivable Contract Specialist, Finance Operational Support
MedStar Health, Minneapolis
Hennepin Healthcare is an integrated system of care that includes HCMC, a nationally recognized Level I Adult Trauma Center and Level I Pediatric Trauma Center and acute care hospital, as well as a clinic system with primary care clinics located in Minneapolis and across Hennepin County. The comprehensive healthcare system includes a 473-bed academic medical center, a large outpatient Clinic & Specialty Center, and a network of clinics in the North Loop, Whittier, and East Lake Street neighborhoods of Minneapolis, and in the suburban communities of Brooklyn Park, Golden Valley, Richfield, and St. Anthony Village. Hennepin Healthcare has a large psychiatric program, home care, and operates a research institute, philanthropic foundation, and Hennepin EMS. The system is operated by Hennepin Healthcare System, Inc., a subsidiary corporation of Hennepin County.
Equal Employment Opportunities: We believe equity is essential for optimal health outcomes and are committed to achieve optimal health for all by actively eliminating barriers due to racism, poverty, gender identity, and other determinants of health. We are committed to equitable care and working in an environment that celebrates, promotes, and protects diversity, equity, inclusion, and belonging. We are committed to bringing in individuals with new cultural perspectives to assist in creating a more equitable healthcare organization.
SUMMARY:
We are currently seeking an Accounts Receivable Contract Specialist to join our Finance Operational Support team. This full-time role will primarily work on-site, with the ability to be hybrid after fully trained (SHIFT).
Purpose of this position: Provides collaborative support to HHS Business Partners to achieve the financial revenue goals and objectives of the organization.The Accounts Receivable Contracting Specialist (ARCS) takestheleadinnegotiatingprofessionalsales contractstoensurecompliancewithHHSpolicies,Federal,State, andLocallaw.Thispositionalsoprovideskeyrevenue enhancementidentification,pricinganddata analysis.The position works with External Customers and HHS Stakeholders to ensure Compliance with Contract Requirements.
As a key position in Finance Operational Support (FOS), this role includes opportunity identification/analysis, contract development, bidding, negotiation, implementation, database storage/retrieval and performance monitoring.
RESPONSIBILITIES:
- Workscollaboratively with allkeystakeholderson revenue enhancement initiatives
- Effectivelymanage,facilitate,engageandnegotiatewithallinvolvedparties,executiveleadership, management, clinicians, medical staff leadership, legal representatives, and other customers
- Actsastheleadnegotiatorwithcustomerstoobtainthebestpossible valuefor HHS
- Ensurescontractrequirementsareunderstoodandprioritizedwithallpartiesinvolved
- Tracks and maintains up-to-date customer contract lists
- Monitoring contract performance and compliance with contractual obligations
- Documenting identified risks and opportunities associated with contractual agreements
- Ensure mutual understanding of contract requirements between all parties involved; including the communicationandeducationofmanagementrelativetotheuseanddisseminationofcontractdata, particularly as it relates to confidential information and strategies for customer discussions
- Providetimelycontractassessmentanddataanalysistoseniormanagement as well as departments that are selling services
- Provide the necessary information and support to internal clinical and operational departments and functions to enhance revenue management performance. Report on analyticaldatafor monitoring contract activity and compliance
- Developandobtainrequiredapprovalsandcommunicateappropriatepoliciesandproceduresrelated to contracting authority, contract development, negotiation, signatory authority, implementation, tracking and performance monitoring
- EstablishandmonitorkeymetricsforHCMC Stakeholders and Customer satisfaction
- Performadditionalrelateddutiesoractivitiesasassigned
QUALIFICATIONS:
Minimum Qualifications:
- Bachelor's Degree in business administration,finance,supplychainora closely related field
- ThreeyearsofprogressivelyresponsibleSales, Strategic Sourcing, or Purchasing experience
-OR-
- An approved equivalent combination of training and experience including, butnotlimitedtoworkexperiencecommensuratewithminimumeducation requirements, business experience, military or other government experience, knowledge in subject matters that would be covered by minimum education requirements, or experience in areas commensurate withorwithinthescopeoftheminimumworkexperience
Preferred Qualifications:
- FiveplusyearsofexperienceinFinance,Strategic Sourcing, or Purchasing
- Experienceworkinginahospitalfinancedepartment; particularlyexperience with selling professional services
- Demonstratedtrackrecordofleadingteamsthroughorganizationhighly visible change
Knowledge/ Skills/ Abilities:
- Musthaveknowledgeofstateandfederalpurchasing, salesand/or contract law
- Abilitytocommunicateeffectivelybothverbalandwritteninaclear-concise manner
- AdvancedproficiencyinMicrosoftapplications:Excel,Word,andOutlook
- SolidknowledgeofERPand/orMISSsystems
- Strongprojectmanagementskillsincludingtheabilitytoplan,organize,and complete work projects in a cross-functional team setting
- Abilitytoformandmaintainstrategicalliances(internalandexternal)
- Experiencewithlargesales agreementsandnegotiations
- Strongpresenceofcommandandinfluence
- ExperiencewithmanaginganRFXprocess
- Deadline-orientedwiththeabilitytomanagecompetingprioritiesunder pressure
- Strongrelationshipmanagementskillswiththeabilitytogainbuy-infrom key stakeholders
You've made the right choice in considering Hennepin Healthcare for your employment. We offer a wealth of opportunities for individuals who want to make an impact in our patients' lives. We are dedicated to providing Equal Employment Opportunities to both current and prospective employees. We are driven to connect talented individuals with life-changing career opportunities, enabling you to provide exceptional care without exception. Thank you for considering Hennepin Healthcare as a future employer.
Please Note: Offers of employment from Hennepin Healthcare are conditional and contingent upon successful clearance of all background checks and pre-employment requirements.
Total Rewards Package:- We offer a competitive pay rate based on your skills, licensure/certifications, education, experience related to this position, and internal equity.
- We provide an extensive benefits program that includes Medical; Dental; Vision; Life, Short and Long-term Term Disability Insurance; Retirement Funds; Paid Time Off; Tuition reimbursement; and license and Certification reimbursement (Available ONLY for benefit eligible positions) .
- For a complete list of our benefits, please visit our career site on why you should work for us.
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