Finance Intern

We provide meaningful careers that connect people with purpose.
We are united by a common purpose of providing the best and safest care; and by our shared values of Care, Truth, Participation, Compassion and Dignity.
Netcare invites you to be part of our journey.
ROLE SUMMARY
The Finance Intern will be responsible for ensuring the achievement of collection targets essential to the profitability of the Hospitals. The incumbent has an overall responsibility to manage, control and collect all outstanding monies due to the Hospital in terms of his/her responsibility in line with the Netcare strategic themes.
KEY WORK OUTPUT AND ACCOUNTABILITIES
Debtors Control function
Manage and attend to Debtors books and not limited to: Medical Aid accounts, Private/ foreign accounts, MVA accounts, Estate late accounts, Arrangements accounts, Handed over accounts, Clearing accounts follow up, Exception accounts follow up and Credit manager report follow up.
Ensure accurate billing by checking MCR's daily.
Manage and attend to all switch application rejections and re-submit when necessary.
Ensure follow up on pending claims not submitted to Medical Aid.
Prepare and submit journals for authorisation.
Ensure timeous processing of authorised journals.
Consult with patients referred by pay point regarding outstanding balances and arrange payment agreements.
Identify long outstanding accounts and contact patient to arrange for settlement.
General management and administration pertaining to outstanding debt as per the Standard Operating Procedure.
Identify possible high-risk accounts to be handed over.
Identify possible bad debt accounts and obtain the necessary approval for processing.
Ensure debtor days are in line with company targets.
Have a clear understanding of PMB conditions and rules.
Daily monitoring of collections and diarise each case.
Print and follow up on unallocated payments.
Manage and attend to all rejections on remittance advices from third parties, i.e. medical schemes, WCA, Insurances etc.
Manage private accounts by printing a daily age analysis report and contact the patient to arrange for full settlement.
Prepare estimates for Private Patients.
Handle queries relating to accounts outstanding.
Ensure formal payment arrangements are in place.
Reconciliation of Remittance advice.
Follow up on payment arrangements.
Follow up on signed Practitioner Risk Forms for payment and ensure necessary actions are taken.
Submit the short payments and over payments report by Medical Aid daily and monthly to supervisor for review.
Daily resolving collection items on your work list.
Identify over payments and forward request for refund-to-refund clerk.
System and Reporting
Transfer unpaid medical scheme balances to patient liable and insert comment.
Generate reports, interpret data and action accordingly.
Printing and mailing of patient statements on a monthly basis
Compliance Management
Compliance to Company Policy & Procedure.
Adherence to the CSA (Controlled self-assessment) audit standards.
Manage compliance to repeat audit findings
Build and maintain stakeholder relationships
Work effectively and co-operatively with others to establish and maintain good working relationships that are mutually beneficial.
Develop collaborative relationships to help accomplish work goals.
Participate in monthly meetings to discuss issues and give feedback.
Teamwork
Actively participate as a member of a team to achieve goals.
Personal and professional development
Assume responsibility for own personal and professional development.
Keep up to date with Netcare’s evolving policies and procedures.
SKILLS PROFILE
EDUCATION
Essential
National diploma in Finance at NQF level 6 or higher Qualification i.e., degree / BTech in finance at NQF level 7.
WORK EXPERIENCE
Preferred
No work experience required as this internship.
Computer literacy in MS office.
KNOWLEDGE
Essential
Candidate must display a sound knowledge of finance practices.
Preferred
Working knowledge of SAP ISH.
NON-MANAGERIAL
Customer Focus and Service Delivery
The capacity to identify and respond to the needs of *internal and external customers.
*Internal and external customers include patients, doctors, colleagues, suppliers, visitors, vendors, and any other person that requires a relationship
Personal Work Ethic
Capacity to instil an ethic of quality and consistency in self and others.
Building Relationships
Capacity to establish constructive and effective relationships.
Communication
The capacity to clearly present information, either written or verbal.
Teamwork
Capacity to cooperate with others to work towards a common goal.
Technical Knowledge
The capacity to perform a technical function to required standards.
PHYSICAL REQUIREMENTS
In the event of any physical or psychological limitation that may impair the employee’s ability to perform the required job function, the employee must consult the employer for reasonable accommodation.
WORKING CONDITIONS
Professional flexibility in working hours while supporting daily business hours.
Will interact with internal and external customers through several different means.
NETCARE VALUES AND BEHAVIOURS
Netcare Values
At Netcare, our core value is care. We care about the dignity of our patients and all members of the Netcare family. We care about the participation of our people and our partners in everything we do. We care about truth in all our actions. We are passionate about quality care and professional excellence.
At Netcare, our core value is care.
We care about the dignity of our patients and all members of the Netcare family.
We care about the participation of our people and our healthcare partners in everything that we do.
We care about the truth in all our actions.
We listen with empathy and respond with acts of compassion in all interactions with our patients and their families.
The Netcare Way
Netcare is committed to providing quality care. Our basic service standard holds us accountable for the below seven behaviours which you will be accountable to uphold:
Respect - I always greet everyone to show my respect.
Identity - I always wear my name badge to show my identity.
Dignity - I always treat others with consideration and humility to uphold dignity
Care - I always act in the best interest of Netcare and others to show I care
Compassion - I always listen with empathy and respond with kind action to show my compassion
Appreciation - I always say thank you to show my appreciation.
Diversity- I always embrace diversity to strengthen inclusivity and belonging.
Join the team committed to providing the best and safest health and care.