Financial Analyst- Onsite Position

1 month 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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