Financial Specialist

5 days ago

Menlo Park, California, United States Stanford Health Care Full time
Job Summary

We are seeking a highly skilled Financial Specialist to join our team at Stanford Health Care. As a key member of our revenue cycle team, you will be responsible for performing complex financial analysis, budget analysis, and related fiscal functions.

Key Responsibilities
  • Craft and perform complex analysis of financial and revenue cycle performance to identify trends, patterns, and root causes
  • Identify and communicate recommendations for performance improvement based on data analysis findings
  • Engage regularly with revenue cycle managers and directors on improvement opportunities identified through data analysis
  • Advises management and department leadership on financial planning, concerning trends, and beneficial report development
  • Builds strong relationships with leaders and team members across the revenue cycle to assist in the identification of upstream and downstream influencers that may drive financial outcomes
  • Serves as an expert on financial metrics and performance benchmarks for supported areas and the revenue cycle at large
  • Monitors key performance indicators for assigned areas and explores reasons for performance fluctuation and deterioration
  • Utilizes a comprehensive understanding of revenue cycle operations and financial best practices to assist in analytic evaluations and recommendations
  • Contributes big picture understanding of the revenue cycle when assessing operational and financial data impacts
  • Provides support in creating and monitoring models that link strategies to measures of performance for key department initiatives
  • Analyzes, prepares, and coordinates distribution of various financial reports for internal Revenue Cycle use and as required for external constituents
  • Provides analytics for and supports special projects as needed
  • Maintains various financial databases for reporting and develops and maintains reports with multiple datasets
  • Mentor revenue cycle analysts and colleagues on data analysis and subject matter expertise
Requirements
  • Bachelor's degree in a work-related field/discipline from an accredited college or university
  • Six (6) years of progressively responsible and directly related work experience
  • Ability to analyze and develop solutions to complex problems, including independently identifying problems through data analysis
  • Ability to analyze information, reach valid conclusions and make sound recommendations
  • Ability to model financial information and forecast data to arrive at conclusions
  • Ability to apply sound independent judgment in the solution of complex financial problems
  • Ability to manage, organize, prioritize, multi-task and adapt to changing priorities
  • Ability to communicate complex concepts in simple form to non-finance non-revenue cycle users to understand the appropriate use and limits of information provided
  • Ability to communicate effectively in written and verbal formats including summarizing data, presenting results to senior leadership
  • Ability to establish and maintain effective working relationships
  • Strong knowledge of hospital and physician revenue cycle methodology
  • Knowledge of hospital information systems, including Epic
  • Knowledge of business analytical practices and methodologies
  • Knowledge of financial forecasting techniques
  • Knowledge of Microsoft Office software, including strong knowledge of Excel
Stanford Health Care Commitment

Stanford Health Care sets a high standard for delivering value and an exceptional experience for our patients and families. We are committed to providing an exceptional patient and family experience, and we expect all employees to adopt and execute C-I-CARE standards for all patients, families, and towards each other.

C-I-CARE is the foundation of Stanford's patient-experience and represents a framework for patient-centered interactions. We do what it takes to enable and empower patients and families to focus on health, healing, and recovery.

We are an equal opportunity employer and welcome applications from diverse candidates. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.

Base Pay Scale: Generally starting at $65.80 per hour. The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to, internal equity, experience, education, specialty, and training.

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