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Accounts Receivable Specialist

Inovalon Inc Bowie ,MD
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

 Overview

The Accounts Receivable Specialist will be responsible for providing support to the Accounts Receivable team through various daily functions, such as collection analysis, preparing client facing communications, providing requested documentation to external departments, contract review and analysis, maintaining various schedules, and updating ERP data. This role will assist with monthly billing functions, to include but not limited to, QA of billable data, posting appropriate support, and assisting in invoice generation as needed.

Responsibilities

  • Set-up Oracle master data; contracts, projects, client accounts;
  • Participate in client collection;
  • Facilitate communication across multiple teams to support client invoicing;
  • Generate reporting and insights for key business leaders;
  • Create and maintain various schedules and billing support tools;
  • Prepare client communication letters;
  • Assess quality and integrity of data collected, analysis performed, and reports generated;
  • Assist with client dispute resolution activities;
  • Prepare applicable credit memo documents and support approval process;
  • Maintain processes and procedures documentation;
  • Prepare monthly reconciliations to support the financial close process;
  • Prepare a limited number of month-end journal entries;
  • Deliver client invoice support to client portals;
  • Maintain compliance with Inovalon’s Sarbanes Oxley (SOX) internal control policies and support a centralized internal control structure for Inovalon and its subsidiaries;
  • Assist in providing support for quarterly audit reviews and annual audits;
  • Maintain compliance with Inovalon’s policies, procedures and mission statement;
  • Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position;
  • Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Company;
  • Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function; and
  • We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such.

Job Requirements:

  • Minimum of 3 years of progressive experience working in a Finance or Accounting setting;
  • Experience with Oracle EBS or Cloud ERP;
  • Advanced knowledge of Microsoft Excel and general knowledge of Microsoft Suite required;
  • Excellent analytical skills and the ability to understand the Company’s products and processes;
  • Attention to detail;
  • Professionally skilled in verbal and written communication skills; and
  • Experience in Healthcare preferred.

Education:

  • High school degree or equivalent and related work experience required or;
  • Bachelor’s degree in accounting, finance, mathematics, engineering, or related field.

Physical Demands and Work Environment:

  • Sedentary work (i.e. sitting for long periods of time);
  • Exerting up to 10 pounds of force occasionally and/or negligible amount of force;
  • Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions;
  • Subject to inside environmental conditions; and
  • Travel for this position will include less than 5% locally usually for training purposes.
  • Maintain compliance with Inovalon’s policies, procedures and mission statement;
  • Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position;
  • Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Company;
  • Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function; and
  • We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such.
Company Description
Inovalon: Empowering Data-Driven Healthcare
Inovalon is a leading technology company providing an integrated cloud-based platform that enables healthcare organizations to implement large-scale highly sophisticated data-driven initiatives.

At the core of healthcare today is the need to aggregate and analyze large amounts of disparate data, garner meaningful insight from the results, and use these insights to drive material change to outcomes and economics.

The industry-leading capabilities of the Inovalon ONE® Platform empower our clients and partners to succeed by leveraging extensive industry connectivity, massive primary-source real-world datasets, sophisticated analytics, and powerful cloud-based technologies to improve the outcomes and economics of healthcare. From payers and providers to life sciences organizations and pharmacy solution providers, virtually anyone who participates in the healthcare ecosystem can benefit from our powerful Platform capabilities.

For health plans, our Platform provides analytics and insights to improve operational transparency, clinical quality metrics, risk-score accuracy, patient engagement, outcomes and economic performance.
For providers, our Platform delivers real-time data and analytics that simplifies the administrative and clinical complexities of healthcare, and enables actionable insights to drive improved quality of care and informed decision making at the point of care.
For life sciences companies, our Platform empowers health economics and outcomes research, the identification of optimal treatment protocols, ideal commercialization strategies, and outcomes-based contracting.
For pharmacy organizations, our Platform delivers efficiencies and differentiation throughout the enterprise from referral to delivery to ongoing care, speeding time to treatment, reducing costs of operations, improving patient care and economics.

Inovalon Inc

Why Work Here?

Inovalon is a rapidly growing organization with plenty of potential for career advancement and growth.

Inovalon: Empowering Data-Driven Healthcare Inovalon is a leading technology company providing an integrated cloud-based platform that enables healthcare organizations to implement large-scale highly sophisticated data-driven initiatives. At the core of healthcare today is the need to aggregate and analyze large amounts of disparate data, garner meaningful insight from the results, and use these insights to drive material change to outcomes and economics. The industry-leading capabilities of the Inovalon ONE® Platform empower our clients and partners to succeed by leveraging extensive industry connectivity, massive primary-source real-world datasets, sophisticated analytics, and powerful cloud-based technologies to improve the outcomes and economics of healthcare. From payers and providers to life sciences organizations and pharmacy solution providers, virtually anyone who participates in the healthcare ecosystem can benefit from our powerful Platform capabilities. For health plans, our Platform provides analytics and insights to improve operational transparency, clinical quality metrics, risk-score accuracy, patient engagement, outcomes and economic performance. For providers, our Platform delivers real-time data and analytics that simplifies the administrative and clinical complexities of healthcare, and enables actionable insights to drive improved quality of care and informed decision making at the point of care. For life sciences companies, our Platform empowers health economics and outcomes research, the identification of optimal treatment protocols, ideal commercialization strategies, and outcomes-based contracting. For pharmacy organizations, our Platform delivers efficiencies and differentiation throughout the enterprise from referral to delivery to ongoing care, speeding time to treatment, reducing costs of operations, improving patient care and economics.

Address

Bowie, MD
20716 USA

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