Finance/Accounting/Revenue Cycle Intern

Pay Range

The internship provides practical work experiences to college students assigned to various site and system Financial, Accounting or Rev Cycle Operations departments throughout Advocate Health. The intern will be exposed to areas of Financial Operations such as: System Budgeting, General Accounting, Financial Planning, Internal Audit, Physician Compensation, Reimbursement, Treasury, Revenue Cycle Billing, Revenue Cycle Operations and/or Revenue Cycle Patient Services. These functions support the alignment of business objectives with team members and management in designated business units. The department will further develop specific job standards and guidelines for the internship role.

Major Responsibilities:

• Intern uses Excel spreadsheets to develop automated processes in order to minimize manual efforts.
• Intern will assist in reviewing, analyzing, and investigating discrepancies in charges. Will help make requested and necessary changes for professional and hospital charges.
• Intern will help prepare financial and statistical analysis for Advocate Health and affiliates. And assist in the extraction and manipulation of data to perform trend calculations and measure process or organizational performance. Will extract patterns from data to transform data into information.
• Intern will participate in the development of detailed cost accounting and productivity standards and utilize them in financial proformas and budgeting. In addition, the intern will help perform subsequent variance analysis on these standards.
• Intern will participate in the development and maintenance of procedural prices using appropriate costing methodologies and market analysis and reimbursement information.
• Intern will prepare, communicate and monitor operating and capital budgets.
• Intern will act as support for areas like budgeting, finance, cost accounting and reporting.
• Intern will apply the rules and regulations, and payment mechanisms of government programs and managed care companies to financial activities.
• Intern will assist in performing charge reconciliation by reviewing and verifying patient charges captured in the billing or charge review system.
• Intern will assist with revenue cycle projects or revenue cycle operational area such as cash posting, insurance follow up, physician coding missing documentation work queues, etc.
• Intern will track and update reports as necessary.
• Intern will handle administrative duties, assist support staff with meetings, etc.
• Intern may participate in the development of programs, processes or applications.
• Intern will assist in the investigation and research of questions related to internal financial reporting matters raised by finance or operations to ensure financial activity is recorded in a manner consistent with Advocate Health's accounting policies and procedures and US GAAP.

Licensure, Registration, and/or Certification Required:

• None Required.

Education Required:

• Enrolled as Incoming Junior, or Senior at an accredited college or university

Experience Required:

• No experience required.

Knowledge, Skills & Abilities Required:

• Must be open and excited to learn new technologies and interested in pursuing an Accounting/Finance/Revenue Cycle career.

• Current enrollment with junior or senior status at a regional accredited college or university. Interns are expected to be in the process of obtaining an undergraduate degree.

• Grade point average of at least 2.5.

• Good communication skills, both written and verbal.

• Strong attention to detail.

• Demonstrated ability in successfully completing tasks.

• Strong teamwork skills.

• Effective multitasking and prioritization skills.

• Strong computer skills, including proficiency with Excel.

• Must demonstrate integrity, maturity, dependability, a positive attitude and enthusiasm.

Physical Requirements and Working Conditions:

• Each department will develop mental/physical requirements from the job standards and guidelines.
• Operates all equipment necessary to perform the job.

This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

Our Commitment to You:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:

Compensation

• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
• Premium pay such as shift, on call, and more based on a teammate's job
• Incentive pay for select positions
• Opportunity for annual increases based on performance

Benefits and more

• Paid Time Off programs
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
• Flexible Spending Accounts for eligible health care and dependent care expenses
• Family benefits such as adoption assistance and paid parental leave
• Defined contribution retirement plans with employer match and other financial wellness programs
• Educational Assistance Program