Job Description
About Legent Health At Legent Health , our mission is simple yet profound: “To provide first-class health care that puts YOU first.” Our vision reflects our commitment to excellence: “Through robust physician partnerships, become a nationwide leader in compassionate, quality healthcare focused on the patient and available to everyone.” Our values, also known as our brand pillars, define how we stay true to our identity in the healthcare industry and the communities we serve. These values are central to everything we do: Respect: We honor the time and trust of both patients and physicians by delivering organized, efficient services that ensure a seamless healthcare experience. Service: We are committed to highly personalized care for patients, their families, and the physicians who serve them, driving optimal outcomes for all. Leadership: We strive to be a trusted leader through innovation, clear communication, and unwavering dedication to excellence across our employees and partners. Joining Legent Health means being part of a team that lives these principles every day, as we build a future focused on compassionate, quality care. About the Role The Revenue Accountant serves as a key member of the Finance and Accounting team, responsible for ensuring the accuracy, completeness, and timeliness of revenue recognition across Legent Health’s multi-facility platform. This role functions as the critical bridge between Revenue Cycle Management (RCM) operations and GAAP financial reporting, translating case-level billing data into auditable financial statements. The initial focus of this position is healthcare revenue recognition, contractual allowance analysis, and direct collaboration with RCM leadership. Over time, the role will expand to include incremental general accounting responsibilities, providing a well-rounded career development path within a high-growth, PE-backed platform. POSITION’S ESSENTIAL RESPONSIBILITIES: Revenue Recognition & Net Revenue Reporting Prepare and post monthly net patient service revenue journal entries for all facilities, including gross charges, contractual adjustments, implicit price concessions, and third-party payer settlement reserves. Calculate and validate contractual allowance percentages by payer, plan, and facility; perform monthly variance analysis comparing estimated versus actual reimbursement rates. Perform implicit price concession analysis using historical collection patterns, AR aging data, and payer mix trends; execute quarterly hindsight reviews to validate estimation methodology. Prepare revenue disaggregation schedules by payer type, service line, facility, and geography in accordance with ASC 606 disclosure requirements. Analyze case-level revenue by facility, payer, and specialty to support operational decision-making, facility-level profitability analysis, and PE reporting requirements. Monitor and reconcile high-cost implant billing and reimbursement, including supply and implant cost tie-outs to case-level revenue. RCM Interface & Cross-Functional Collaboration Serve as the primary accounting liaison to the RCM team, participating in weekly cross-functional meetings to review AR aging trends, denial patterns, cash application variances, and payer mix shifts. Reconcile patient accounting system AR subledger to the general ledger on a monthly basis; investigate and resolve discrepancies between RCM billing data and financial records. Perform three-way reconciliation between patient accounting system AR, GL AR, and bank deposits to ensure completeness and accuracy of cash posting. Validate charge capture completeness by reconciling surgical case counts in HST to charges posted in the billing system; flag discrepancies for timely resolution. Track and report key revenue cycle performance metrics including Days Sales Outstanding (DSO), clean claim rate, denial rate, net collection rate, and Days in DNFB. Month-End Close & Financial Reporting Support the monthly close process within established timelines, with specific ownership of revenue-related journal entries, reconciliations, and supporting schedules. Prepare and maintain balance sheet account reconciliations for accounts receivable, contractual allowance reserves, bad debt reserves, and third-party settlement accruals. Develop and maintain Power BI dashboards and reports for revenue cycle KPIs, payer mix analysis, and DSO trending by facility. Assist in the preparation of monthly financial reporting packages, including variance commentary for revenue-related line items