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Research Finance Coordinator

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1725 New Hanover Medical Park
Wilmington, NC
Job ID: 13989
Date Posted: Apr 25, 2023

Job Description

Description

About NHRMC

NHRMC, established in 1967 in Wilmington, NC, is recognized as a preeminent healthcare organization focused on leading our community to outstanding health. We have an 855 bed network of hospitals and multi-specialty physician group practices with more than 200 physicians. With a network of primary, specialty, neighborhood clinics and regional medical centers; you will find our culture is the very definition of best in practice. Join us and find out how many ways NHRMC offers you the chance to focus on what really matters - our patients and community.

About the Job

Location: New Hanover Regional Medical Center

Department: Research

Full Time Equivalent: full-time

Work Type: 64 to 80 Hours Pay Period

Work Schedule: STD HRS - flexible day (Monday - Friday), hybrid work schedule

Exempt from Overtime: Exempt: Yes

What You'll Do

Summary:

The Research Financial Analyst is responsible for overseeing all financial activities of the facilities/sites assigned. It is the responsibility of the Clinical Research Financial Analyst to ensure that all financial statements prepared are accurate. The Clinical Research Financial Analyst is also responsible for assisting with overall business planning, budgeting, trend analysis and evaluation of the department’s services and performance.


Responsibilities:

• Process: Assists clinical research leaders in all aspects of the research finance. Prepares financial reports, as directed by the leader. Creates and maintains research related spreadsheets and databases. Prepares statements and invoices based on services rendered; maintains accounts receivable by processing clinical trial payments and accounts payable reports; invoice matching, data entry and reconciliation of accounts. Assists with contracts and routes for signatures. • Compliance: Tracks patient billing information for each study, procedures covered by the sponsor and vs. standard of care/routine. Performs ongoing audit of patient billing information to ensure correct billing. Performs regular audits of Study Coordinator patient visit data tracking to assure all visits are performed (financial purposes only). Ensures accurate and timely preparation of financial reports for Clinical Research. • Evaluation: Tracks research visits of enrolled subjects to ensure compliance with protocol requirements. Designs, develops and maintains various financial and tracking reports which document revenue generating research visits for all research studies. • Accountability: Works with study coordinators, Regulatory team members, leaders and finance to reconcile any discrepancies in data entered into applicable research systems and EPIC. Prepares statements and invoices based on services rendered every month; maintains accounts receivable by processing sponsor payments and accounts payable reports; invoice matching, data entry and reconciliation of accounts. • Quality Improvement: Resolves any billing issues with Sponsors, Labs, Patients, Shipping companies, etc. • Biller Review • Posting payments • Check deposits • Perform and assist with monthly, quarterly, and annual reporting • Support research team members as needed for special projects. • Build budgets / Complete Coverage analysis • Handle month end activities independently or with minimal supervision • Preparing and analyzing financial information as required • Resolves complex, sensitive, and other non-routine issues related to expenses, reporting and closeout • Assist with development of, adherence to, policies and Standard Operating Procedures • Precept/mentor junior team members • All other duties as assigned 

Position Requirements


Education: High School Diploma
Prefer:
* Bachelors Degree
* Masters Degree

Other information:

  1. Education: High school or GED required. 4 year/Bachelors degree preferred. 
  2. Licensure / Certifications: None required,  (CRA/ACRP/SOCRA/equivalent) preferred
  3. Experience: Five years of research experience. Associates degree may be substituted for one year of experience or Bachelor's degree may substitute for 2 years of experience; Master's degree may substitute for 3 years of experience.  Additional Skills/Requirements (required) • Excellent communication skills required. • Excellent customer service skills required. • Must be self-motivated, able to work independently without constant supervision and a critical thinker. • Must be flexible, able to meet deadlines and adaptable to change. • Detail oriented and strong organizational skills • Proficiency with MS Office (Excel, Word, Outlook). Additional Skills/Requirements (preferred) • Clinical Research administration experience preferred. Experience with budget preparation, business planning, and trend analysis preferred. Experience in financial analysis and reports on specified quantitative and qualitative data preferred. Analyzing variances against current budget and prior periods/years preferred. Patient based billing experience preferred. Apply a critical thinking process to achieve a positive outcome. 

Other Information

This position description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications which may be required of the employee assigned to the position. Depending on the location of the job, duties may vary. Receipt of the job description does not imply nor create a promise of employment, nor an employment contract of any kind; my employment with the Company is at will.

Consider a career at NHRMC and become part of this award winning team!

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