Senior Financial Analyst

2 months ago

Columbus, Ohio, United States Community Health Systems Full time

Community Health Systems is one of the nation's leading healthcare providers. Developing and operating healthcare delivery systems in 40 distinct markets across 15 states, CHS is committed to helping people get well and live healthier. CHS operates 71 acute-care hospitals and more than 1,000 other sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers.

Summary:

We are seeking a highly motivated and detail-oriented Senior Financial Analyst to join our team at a large, multi-state medical group. In this role, you will be responsible for providing comprehensive financial analysis and support to optimize the organization's financial performance. The ideal candidate will have a strong background in financial planning and analysis, budgeting, and possess excellent analytical skills specific to the healthcare industry.

Responsibilities:

  • Assessing Provider Compensation and Contract Reconciliation: General compensation design, planning and implementation of the provider compensation plans utilizing Heisenberg II. Interpret and analyze provider employment agreements to ensure compliance and alignment with organizational objectives.
  • Financial Planning and Analysis: Develop financial models, forecasts, and analyses to support strategic decision-making and long-term financial planning.Serves as a consultant to senior management regarding provider compensation, expense planning and revenue analysis.
  • Budgeting: Assist in the design, preparation, and monitoring of annual budgets for clinics and departments within the medical group.
  • Accurate Financial and Productivity Reporting: Generate regular financial and productivity reports for executives, operations and providers, ensuring accuracy and completeness of data.
  • Profit and Loss Analysis: Analyze profit and loss statements to identify areas for improvement and cost-saving opportunities.
  • Oracle ERP Experience: Utilize Oracle's ERP system to extract, analyze, and interpret financial data.
  • Lead Operations Reviews: Conduct regular reviews of clinic budgets, identifying variances and working with operational teams to address issues and optimize financial performance.
  • Engagement with C-Suite Executives and Regional Clinic Directors: Serve as a financial resource for hospital C-suite executives and regional clinic directors, providing insights and recommendations to support strategic initiatives.

Qualifications:

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field.
  • At least 4 years of experience in financial analysis or related role,
  • 2 years experience in the healthcare industry.
  • Strong analytical skills with the ability to interpret complex financial data and draw meaningful insights.
  • In-depth knowledge of healthcare financial operations, including revenue cycle management, reimbursement methodologies, and provider compensation.
  • Experience with interpreting and analyzing provider employment contracts and physician compensation models.
  • Proficiency in Microsoft Excel, including advanced functions such as VLOOKUP, PivotTables, and complex formulae, is required for this role
  • Preferred experience with Heisenberg II Provider Compensation Software, Essbase, Oracle ERP
  • Excellent communication and interpersonal skills, with the ability to effectively engage with stakeholders at all levels of the organization.
  • Detail-oriented with a commitment to accuracy and integrity in financial reporting and analysis.

Physical Demands:

In order to successfully perform this job, with or without a reasonable accommodation, the following are outlined below:

  • The Employee is required to read, review, prepare and analyze written data and figures, using a PC or similar, and should possess visual acuity.
  • The Employee may be required to occasionally climb, push, stand, walk, reach, grasp, kneel, stoop, and/or perform repetitive motions.
  • The Employee is not substantially exposed to adverse environmental conditions and; therefore, job functions are typically performed under conditions such as those found within general office or administrative work.

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