The Aspen Group (TAG) is one of the largest and most trusted retail healthcare business support organizations in the U.S. and has supported over 20,000 healthcare professionals and team members with close to 1,500 health and wellness offices across 48 states in four distinct categories: dental care, urgent care, medical aesthetics, and animal health. Working in partnership with independent practice owners and clinicians, the team is united by a single purpose: to prove that healthcare can be better and smarter for everyone. TAG provides a comprehensive suite of centralized business support services that power the impact of five consumer-facing businesses: Aspen Dental, ClearChoice Dental Implant Centers, WellNow Urgent Care, Chapter Aesthetic Studio, and Lovet. Each brand has access to a deep community of experts, tools and resources to grow their practices, and an unwavering commitment to delivering high-quality consumer healthcare experiences at scale.
As a reflection of our current needs and planned growth we are very pleased to offer an opportunity to join our dedicated team as a Accounting team as Director, Revenue Accounting.
The Director of Revenue Accounting will serve as a leader and strategic partner within the accounting organization, with direct oversight of the end-to-end revenue recognition and other patient accounting processes for Aspen Dental. This role is responsible for improving, maintaining, and supporting net revenue recognition policies and accuracy. The Director will set the strategic direction for revenue accounting operations, establish and enforce internal controls, auditing/validation, and serve as a key liaison between Revenue Cycle Management, IT/Product, FP&A, Analytics, and external auditors. The position requires an individual who has a proficient understanding of revenue recognition in accordance with company and accounting standards (e.g., ASC 606, CECL/ASC 310). The Director must be data-driven and be able to clearly articulate the methods applied to executives, operations, and doctors. This position has flexibility with work location and may require travel for onboarding and other needs.
Responsibilities
Establish, enforce, and continuously improve accounting policies and internal controls to ensure compliance with GAAP for revenue recognition and patient accounting processes
Build and maintain allowance models segmented by payor class, aging, etc. Ensure models are reconciled to the financials monthly
Build and maintain collection waterfall models that tracks charges>contractual adjustments>expected collections>write offs and perform variance analysis to reported financials
Build dashboards and trend reporting to monitor and corroborate models and reported financials and identify changes proactively
Build and maintain models, analysis, and accuracy of other patient accounting processes such as product warranties, product guaranties, deposits, and healthcare financing fees
Lead and approve revenue and patient accounting mapping strategy between practice management systems, data warehouses, and the general ledger, ensuring alignment with business and reporting requirements
Oversee and review the preparation of standard and non-standard journal entries, ensuring accuracy and completeness on revenue/Net AR and other patient accounting processes
Review and approve balance sheet and P&L reconciliations to financials monthly
Develop and maintain proactive cross-functional partnerships with Revenue Cycle Management, IT/Product, and FP&A/Analytics leadership to define and drive revenue analytics, best practices, and system improvements
Oversee the model, analysis, and accuracy of other patient accounting processes such as product warranties, product guaranties, deposits, and healthcare financing fees
Illustrate models and accounting methods and present to the business as required (operations, doctors, etc.)
Serve as a point of contact for external auditors, managing audit requests and ensuring the delivery of audit-ready documentation
Minimum Education and Experience
Bachelor’s degree in accounting or finance
Experience within the healthcare or dental industry
Experience with fee schedules, UCR rates, and how contractual rates flow into contractual and discretionary adjustments
Experience with practice management systems and revenue cycle management processes
7-10 years of progressive accounting experience, with at least 3-4 years in a healthcare or dental revenue cycle environment
Advanced proficiency in Microsoft Office, particularly Excel; ability to leverage data tools and technology to drive process improvements
Proficiency with tools such as Power BI, Looker, Tableau, and SQL/databases
Proven ability to operate with a high degree of autonomy, manage projects and competing priorities, and navigate ambiguity in a fast-paced environment
Strong analytical, written, and verbal communication skills
Preferred Education and Experience
CPA strongly preferred as role will interact with external auditors
Prior experience at a Big 4 or regional firm with healthcare clients is a differentiator
Salary: 175-215k, plus bonus incentives with a generous benefits package that includes paid time off, health, dental, vision, and 401(k) savings plan with match
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As one the largest healthcare business support organizations in the U.S., ADMI continues to build and strengthen the infrastructure, expertise and core competencies that successful healthcare practices need to accelerate their growth and fuel their success, while also giving providers the freedom to do what they do best: Care for their patients. Through organic growth and a series of strategic acquisitions, ADMI now supports more than 1,000 health and wellness offices across 45 states and in three distinct categories: Dental care, urgent care and medical aesthetics.
In dentistry, ADMI supports Aspen Dental, the largest and fastest-growing branded network of dental practices in the U.S. with nearly 900 locations in 42 states, as well as ClearChoice Dental Implant Centers, leaders in fixed, full arch dental restorations for patients with missing or failing dentition, with more than 65 locations in 27 states. Collectively, the two are the largest provider of fixed and removable prosthetics in the U.S.
WellNow Urgent Care now stands at more than 85 locations in four states, putting it among the top 10 urgent care providers nationwide, while more recently, the ADMI family has expanded to include the medical aesthetic category with the acquisition of the largest single med spa clinic in the U.S.
