Financial Analyst
4 days ago
The Financial Analyst applies principles of accounting to analyze and record financial information and prepare reports by compiling information and utilizing accounting control procedures.
Key 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:
- Medical practice financial
- Professional billing revenue cycle reporting for historical and projected payments, billed charges, AR, payor mix, billing throughput and other performance statistics
- Physician and Mid-level provider productivity, utilization, patient referrals, Benchmarking
- Routine revenue integrity audits
- 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.
- 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.
- Experience:
- 3 years finance/accounting experience, required.
- Healthcare finance experience preferred.
- Education:
- Bachelors degree in Accounting, Finance, Business Administration, Hospital Administration, or a closely related field, required.
- Masters degree, preferred.
- Licenses / Certifications:
- N/A
- Other:
- Special Requirements:
- 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.
- The ideal candidate:
- Special Requirements:
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