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Lead Financial Analyst

2 months ago

Chicago, Illinois, United States Rush University Full time
Position Overview:
Rush University Medical Center is seeking a Senior Financial Analyst to join our team in Chicago, IL. This role is essential for developing effective solutions to financial challenges and evaluating the financial implications of various transactions.

Key Responsibilities:
  • Analyze and prepare quarterly reports for off-campus locations, ensuring accurate dissemination to administrators and finance leaders.
  • Reconcile charge activities with scheduled patient and procedure volumes.
  • Develop departmental budgets, identify areas for improvement, and recommend process enhancements to increase efficiency in budget management.
  • Collaborate with revenue cycle partners to assess performance metrics and pinpoint areas for enhancement.
  • Monitor monthly financial performance and data, presenting findings in an executive dashboard format.
  • Compile and analyze key financial and operational metrics, including new patient visits, ancillary services, physician referrals, and productivity measures.
  • Evaluate new opportunities and relocations in line with business objectives, space requirements, and capital investment projections.
  • Work closely with internal stakeholders to assess the financial impact of proposed new services.
  • Coordinate the setup of charges for new providers, services, and revenue locations in collaboration with revenue cycle and IT teams.
  • Review actual performance against budget and assist in explaining variances.
  • Ensure proper alignment of departmental revenues and expenses within the designated accounting units.
  • Utilize EPIC transactional cube, Axiom, and Link reporting for enhanced analytics.

Compensation:
The position offers a competitive salary of $98,820 per year.

Qualifications:
Candidates must possess a Bachelor's degree in Business Administration, Risk Management, Accounting, Finance, or a related field, along with a minimum of 4 years of experience as a financial analyst. This experience should include:
  1. Working in healthcare finance or operations.
  2. Proficiency in Axiom.
  3. Experience with electronic medical record systems, including Epic or Axxess, and their reporting capabilities.
  4. Development of ad-hoc reports on productivity, financial variances, and operational metrics.
  5. Preparation of budgets and analysis of actual versus budget performance.
  6. Assessment of new opportunities for ROI projections.