Job Opportunity: Cost Accountant - Hospital Pricing Specialist
Our client is a private General Hospital located in Riyadh, Saudi Arabia. As an accomplishment of its commitment to excellence, our client received the "Diamond" accreditation, which is the highest level of recognition for performance excellence that an organization can achieve in health care from Accreditation Canada's Qmentum International Accreditation.
About us:
Deka Minas is the world's first subscription-based professional services company. Our main lines of business are Human Capital Advisory and Recruitment Services in Sub-Saharan Africa, The Middle East, and Southeast Asia.
Description
Please note that this position is based in The Middle East; relocation, accommodation, and additional benefits apply.
A trusted and well-established client of ours in The Middle East is seeking an experienced Cost Accountant - Hospital Pricing Specialist.
Overview: We are seeking a skilled Cost Accountant with expertise in pricing products and services within a hospital environment to join our team. As a Hospital Pricing Specialist, you will play a crucial role in analyzing costs, establishing pricing strategies, and ensuring competitive pricing for our healthcare offerings. The ideal candidate will have a strong background in cost accounting, pricing analysis, and a deep understanding of the healthcare industry.
Key Responsibilities:
- Analyze and evaluate the costs associated with hospital products and services, including medical supplies, procedures, and treatments.
- Develop and implement pricing strategies to optimize revenue generation while ensuring competitiveness in the market.
- Conduct market research and competitive analysis to identify pricing trends and opportunities for strategic pricing adjustments.
- Collaborate with departmental heads, finance teams, and senior management to establish pricing policies and guidelines aligned with organizational goals.
- Monitor and review pricing performance, identifying variances and opportunities for improvement.
- Prepare pricing proposals and recommendations for new services, expansions, and contract negotiations.
- Maintain accurate pricing data and documentation, ensuring compliance with regulatory requirements and internal controls.
- Provide support and guidance to cross-functional teams on pricing-related matters, including sales, marketing, and operations.
- Stay abreast of industry trends, regulatory changes, and best practices in hospital pricing and cost accounting.
Requirements:
- Bachelor's degree in Accounting, Finance, or a related field. Professional certification (e.g., CPA, CMA) preferred.
- Proven experience in cost accounting and pricing analysis, with a minimum of 5 years of experience in a hospital or healthcare setting.
- Strong analytical skills, with the ability to interpret financial data, conduct cost-benefit analysis, and develop pricing models.
- In-depth knowledge of healthcare reimbursement methodologies, including fee-for-service, value-based pricing, and bundled payments.
- Familiarity with hospital billing systems, electronic health records (EHR), and healthcare regulatory requirements.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with multidisciplinary teams.
- Proficiency in financial analysis tools and software (e.g., Excel, SAP, ERP systems).
- Detail-oriented with a focus on accuracy and precision in pricing calculations and analysis.
- Ability to thrive in a fast-paced environment and manage multiple priorities simultaneously.
We offer:
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