Department of Medicine Rotational Trainee

Responsibilities:

• This OAR Fellow would be rotating three months each in the following disciplines within the Department of Medicine and learning the below mentioned tasks:
• DOM Finance/ Accounting
• Month-end University Bill process for DOM Central
• Reconcile University Bill for all DOM divisions
• Analyze financials for one DOM division and present to COO and CFO the monthly results
• Participate in the budget process
• Learn Chrome River (Accounts Payable) and Purchase Order processing
• DOM PSOM Grant and Sponsored Project Management
• Sponsored Program @Penn (Grants, Effort Reporting) understanding
• Faculty Affairs Overview (Tracks, Recruitment, Hire, RTR by type)
• Recruitment (faculty & staff); Workday (Overview, Faculty Pay Plan, intersection between (CPUP & Univ)
• University Financial System overview (Chart of Account, Business at Penn, Data Warehouse, Concur)
• Fund types and purpose; how University business impacts CPUP (Missions, Scholarly, Indirects)
• Revenue Recognition (Federal and Event Based accounting)
• DOM Revenue Cycle:
• Process prior to A/R- Secure Rates, Charge Entry, Charge Review and Charge Lag.
• Accounts Receivable- Claim Edits and Follow Workqueue Resolution
• Revenue Cycle Metrics- Snapshot, Gross Days in A/R, A/R Aging, and Claim Denial,
• Bad Debt Calculation and Impact
• MAPs vs. Non-MAP Charging Workflow
• DOM Operations
• Learn about 13 division administration/practice managers and gain understanding of management/interworking’s of clinical operations
• Understand metrics and work to help DOM achieve top quartile performance
• Help DOM achieve new patient visit targets and total patients under management growth targets.
• Learn how to maximize financial performance of the clinics through the development and implementation of management techniques to optimize revenue and control costs.
• Gains knowledge on medical systems such as EPIC, Tableau, Penn Diver, Qgenda, etc.
• Acquire compliance with institutional and national practice standards, applicable laws and board policies. Understand current regulatory standards.
• Gain insights of the principles and practices of healthcare planning and management sufficient to manage, direct and coordinate the operation of large physician group practices.

Credentials:

Education or Equivalent Experience:

• Bachelor of Arts or Science (Required)
• Accounting, Finance, Business Management, Economics, Operations Minimum of 2 years in a CPUP Department of Medicine area