Senior Financial Analyst

3 weeks ago

New Providence, United States PROMPT CARE COMPANIES INC Full time

Job Type

Full-time

Description

Promptcare is looking for an experienced and highly motivated Senior Financial Analyst. As the RCM Analyst, you will link management and reporting, requiring strong statistical and critical thinking skills. You will be tasked with reporting, forecasting, and analyzing Revenue, Billing, and Collections operations. You will work closely with the Accounting and Reimbursement teams to monitor and manage accounts receivable, with a keen focus on reducing days outstanding and improving cash flow.

Reporting to: Director of Financial Planning and Analysis

Job Type: Full-time, Hybrid, 40 hours per week, Mon-Fri

Job Location: New Providence, NJ

Requirements

  • Bachelor's degree in Accounting, Finance, Business Management, or a related field
  • 5+ years of experience in financial analysis with a focus on revenue cycle management
  • Healthcare industry experience is required
  • Strong understanding of revenue cycle processes, including billing, collections, accounts receivable, and revenue recognition
  • Proficiency in data analysis tools such as SQL, Excel, Tableau, Power BI, or similar platforms
  • Experience integrating data analysis into business operations (i.e., assisting with business intelligence)
  • Experience working with larger data sets, heavy extract usage environment, and data troubleshooting
  • Familiarity with healthcare regulations, compliance requirements, and privacy laws (e.g., HIPAA) is preferred
Job Responsibilities, included but not limited to:
  • Conduct data analysis to identify revenue cycle performance issues, root causes, and potential solutions, recommending and implementing process improvements accordingly
  • Examine existing RCM and finance related reports to understand current operational performance and identify opportunities for operational improvement in areas such as billing, cash collections, and revenue recognition
  • Develop and maintain comprehensive KPI reports related to revenue cycle performance, including metrics such as collection rates, denial rates, and days in accounts receivable
  • Create new metrics, analyses, and reports to further understand business operations and satisfy gaps in understanding
  • Provide action-oriented recommendations to leadership based on data-driven evidence
  • Partner with the accounting team to monitor and manage accounts receivable, focusing on reducing days outstanding and improving cash flow
  • Prepare and present detailed financial reports to senior management, highlighting key revenue cycle metrics and performance
  • Support month-end close processes by ensuring accurate revenue recognition and reconciliation of accounts receivable
  • Other duties as assigned
Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk and listen. The employee is required to occasionally walk, and bend or stand as necessary. This position requires the ability to occasionally open filing cabinets, lift office products and supplies of 25 pounds but no more than 50 pounds.

Benefits & Perks
  • Competitive Salary
  • Medical, Dental, Vision Package
  • 401(k) plan (discretionary)
  • PTO - Vacation, Sick and Personal days, and paid holidays
  • Company Car Program
  • Employee Referral bonuses & Discount Ticket Program
  • Lunch & Learn Programs
  • Employee Recognition Program


Equal Employment Opportunity

The PromptCare Companies is committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination on the basis of race, color, age, national origin, religion, gender, gender identity, sexual orientation, pregnancy, marital status, genetic disposition, disability, veteran's status or any other characteristic or classification protected by State/Federal/Local laws. We foster a work environment in which diversity and inclusion are embraced, people are hired and advanced on their merits, and employees are treated with mutual respect and dignity.

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