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Financial Analyst
3 months ago
At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. This patient-first approach is what sets us apart as a leader in the healthcare industry. As an integral part of our team, you'll have the opportunity to join our quest for better healthcare, no matter where you work within the Northwestern Medicine system. At Northwestern Medicine, we pride ourselves on providing competitive benefits: from tuition reimbursement and loan forgiveness to 401(k) matching and lifecycle benefits, we take care of our employees. Ready to join our quest for better?
Job DescriptionThe Financial Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.
The Financial Analyst is responsible for recording transactions, performing analysis activities, and evaluating trends and drivers at Northwestern Medicine. The position will also be charged with the preparation and some review activities related to the month end close process; as well as support for the annual financial statement audit. The analyst will need to understand complex financial concepts in a fast paced environment.
Responsibilities
- Review designated Epic work queues routinely and facilitate allocation of charges in alignment with the coverage analysis to ensure timely and compliant billing.
- Review and reference study documents (protocol, consent form, budget, clinical trial agreement, coverage analysis) to identify research related charges impacting NMHC, and to ensure and support compliant billing.
Maintain a detailed understanding of and adhere to rules and regulations of different types of payors, such as Medicare, Medicare Advantage, Medicaid, and commercial payors, inclusive of Medicare’s Clinical Trial Policy (NCD 310.1) and related guidance.
Acts as a resource to research teams to aid in identification of items and services related to theresearch and assignment of the appropriate payor.
Maintains knowledge and proficiency in Epic, clinical trial management system, charge master/feeschedule, and relevant government and non-government websites.
Qualifications
Required:
- 3+ years of relevant experience.
- Ability to understand and interpret medical documentation and clinical research protocols, informed consent, Coverage Analysis Billing Grid
- Proficiency with medical terminology as well as medical research billing language.
- Excellent communication, collaboration, analytical, and accounting skills.
- High level of precision and attention to detail.
- Expert knowledge of Microsoft Office Suite.
- Ability to understand and interpret medical documentation and clinical research protocols, informed consent, Coverage Analysis Billing Grid
- Proficiency with medical terminology as well as medical research billing language.
Preferred:
- Degree Specific Associates Degree
- Working knowledge of Epic, Knowledge of medical and insurance terminology
- Understanding of Medicare billing rules and functional knowledge of essential National Coverage Decisions and the CMS Clinical Research Policy
- Healthcare finance experience.
Additional Information
Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.
