Enterprise Internship

About the Role

This internship provides practical work experience 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.

Key Responsibilities

• Use Excel spreadsheets to develop automated processes and minimize manual efforts.
• Assist in reviewing, analyzing, and investigating discrepancies in charges.
• Help make requested and necessary changes for professional and hospital charges.
• Prepare financial and statistical analysis for Advocate Health and affiliates.
• Assist in the extraction and manipulation of data to perform trend calculations and measure process or organizational performance.
• Extract patterns from data to transform data into information.
• Participate in the development of detailed cost accounting and productivity standards and utilize them in financial proformas and budgeting.
• Perform subsequent variance analysis on these standards.
• Participate in the development and maintenance of procedural prices using appropriate costing methodologies and market analysis and reimbursement information.
• Prepare, communicate, and monitor operating and capital budgets.
• Act as support for areas like budgeting, finance, cost accounting, and reporting.
• Apply the rules, regulations, and payment mechanisms of government programs and managed care companies to financial activities.
• Assist in performing charge reconciliation by reviewing and verifying patient charges captured in the billing or charge review system.
• Assist with revenue cycle projects or revenue cycle operational areas such as cash posting, insurance follow-up, physician coding missing documentation work queues, etc.
• Track and update reports as necessary.
• Handle administrative duties and assist support staff with meetings.
• May participate in the development of programs, processes, or applications.
• 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 policies and procedures.

Requirements & Tech Stack

• Excel

Qualifications

• Currently pursuing a degree in Finance, Accounting, Business Analytics, Management, or a related field with junior or senior standing.
• 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.
• Licensure, Registration, And/Or Certification: None Required.