Revenue Regulatory Analyst
Department: 12062 Enterprise Corporate - Supply Chain: AHSCA Services Status: Full time
Benefits
Eligible: Yes Hours Per Week: 40 Schedule Details/Additional Information: Full time remote Pay Range $30.70 - $46.05 Job Summary: The Revenue and Regulatory Analyst is a key position within our regional group purchasing organization (GPO) Advocate Health Supply Chain Alliance (AHSCA). The analyst is focused on the collection and allocation of revenue paid by suppliers to AHSCA, ensuring compliance with healthcare regulations, and maximizing financial performance. This role is responsible for overseeing revenue management strategies, revenue reporting, and regulatory compliance efforts to support AHSCA's mission of delivering cost-effective supply chain solutions to our members. Primary Functions: Oversees the collection, reporting, and allocation of all rebates, admin fees, and other revenue types associated with Supply Chain contracts. Revenue lead will work with Advocate Health's Cash Management department to ensure all revenue allocations are submitted timely, in accordance with the GL/Finance close schedule. Teammate is responsible for providing all end-users, including but not limited to site leaders, supply chain leaders, and AHSCA Members, with required monthly reporting for allocated funds. Revenue and Regulatory lead will work with Advocate Health's Strategic Sourcing team to help develop a tracking and reporting system to capture negotiated revenue throughout the first year of a new agreement. Oversees regulatory compliance with the GPO safe harbor and other associated regulatory provisions associated with operation of the GPO. Ensures the accurate collection and distribution of all supplier-paid rebates and administrative fees (>$70M annual payments) in compliance with federal cost reporting regulatory requirements. Responsible for ensuring all AHSCA members are appropriately rostered with the national-GPO partner and any new locations are rostered in a timely manner. This includes registering all Global Location Numbers (GLNs) where applicable. Education and Experience Level of Education: Bachelor's degree required or 3 years of direct relevant work experience in healthcare supply chain will be considered in lieu of a degree Field of Study (if applicable): Healthcare administration, supply chain, or finance. Experience in healthcare field can be used in lieu of degree within noted field of study. Years of Experience: 3 years minimum. 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 Note: Eligibility for programs listed above may depend on your FTE or status (e.g., full-time, part-time, per diem, temporary, etc.); please ask a Recruiter for more information during an interview. About Advocate Health Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs. Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation’s largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits. Apply To This Job