Financial Specialist

1 week ago

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

Stanford Health Care is seeking a highly skilled Financial Specialist to join our team. As a Financial Specialist, you will be responsible for performing complex financial analysis, budget analysis, and related fiscal functions for a large and diverse hospital service line/department or coordinating a major budget/financial analysis program in the Hospital Finance Department.

Key Responsibilities
  • Crafts and performs complex analysis of financial and revenue cycle performance to identify trends, patterns, and root causes
  • Identifies and communicates recommendations for performance improvement based on data analysis findings
  • Engages regularly with revenue cycle managers and directors on improvement opportunities identified through data analysis, including owning and leading efforts to completion
  • 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
Preferred Qualifications
  • 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

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