Financial Analyst- Onsite Position

7 days ago

Valhalla NY, United States WMCHealth Full time

Job Summary : The Onsite Financial Analyst applies principles of accounting to analyze and record financial information and prepare reports by compiling information and utilizing accounting control procedures.
 
Responsibilities:
· Interact with internal and external parties to produce, distribute, and present both regular reports at fixed calendar intervals and ad-hoc analyzes related but not limited to:
o Medical practice financial.
o Professional billing revenue cycle reporting for historical and projected payments, billed charges, AR, payor mix, billing throughput and other performance statistics.
o Physician and Mid-level provider productivity, utilization, patient referrals, Benchmarking.
o Routine revenue integrity audits.
o Inter-WMC Health Network entity related expense and revenue allocation.
· Serve as a subject matter expert for all financial, EMR/Billing and other decision support systems, including maintenance and delivery of current data download routines, report writing/query procedures, and knowledge of all data elements available.
· Recommend, develop and maintain financial databases, computer software systems and data filing systems and processes.
· Prepare and review budget, revenue, expense, payroll entries, invoices and other accounting documents.
· Review invoices and coordinate payment through Accounts Payable.
· Develop the annual operating budget and consult with departmental management on the fiscal aspects of program planning, salary recommendations and other administrative actions.
 
· Assist in due diligence and onboarding process for new provider / practice acquisitions.
o Perform productivity and financial analyzes on new groups to determine appropriate compensation and forecast financial performance.
o Coordinate with practice operations and physician leaders to develop and oversee transition plan for capital assets, existing leases, service contracts and vendors.
 
· Maintain existing portfolio of Inter-WMC Health Entity agreements and develop models for new agreements in order to forecast, track and reconcile financial impact of agreements and communicate with appropriate network finance parties.
· Other regular duties and projects as assigned. a‹a‹a‹a‹a‹a‹
 
**No remote, no hybrid**
 
 
Qualifications/Requirements:
Experience: Healthcare finance experience is highly preferred. **No remote, no hyrbrid**
Education:   Bachelors degree, required. Master's degree, preferred.
 
Licenses / Certifications:   N/A

 
Other:
 
Special Requirements: Intangibles – The ideal candidate:
· Displays industry specific knowledge and has experience with healthcare finance, medical practice operations and professional billing.
· Knowledge of finance, accounting, budgeting and cost control principles including Generally Accepted Accounting Principles.
· Has demonstrated proficiency in Microsoft Excel. Preferred experience with Access/SQL Databases, Cerner Millennium or other EMR/Billing system, ERP/Finance systems
· Exhibits independent decision making within the scope of job duties.
· Displays critical thinking to proactively diagnose root cause of issues and develop solutions.
· Has the ability to independently obtain, vet, analyze, and accurately summarize data using all tools available.
· Clearly and accurately communicate data, report results, and other findings both in writing and verbally.

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