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Senior Financial Analyst

1 month ago

Phoenix, Arizona, United States CommonSpirit Full time
Job Summary

The Senior Financial Analyst will lead the provision of financial business development, analytical services, and recommendations that influence sound business decisions, enable delivery of business objectives, and guide long-term revenue cycle strategies. This role will be responsible for implementing, designing, and providing support for complex financial models and analytics within multiple revenue cycle functional areas. The successful candidate will develop dashboards and reports on key performance indicators, metrics, data points, and formulas to support management objectives.

Key Responsibilities

* Provide financial business development, analytical services, and recommendations to influence sound business decisions and enable delivery of business objectives
* Implement, design, and provide support for complex financial models and analytics within multiple revenue cycle functional areas
* Develop dashboards and reports on key performance indicators, metrics, data points, and formulas to support management objectives
* Assist revenue cycle leaders in working closely with senior leadership, physicians, and other faculty to investigate and design strategic initiatives to improve revenue cycle metrics, reporting capabilities, and overall financial performance
* Develop key financial and statistical analysis in support of SVP of Revenue Cycle Management's negotiations with vendors
* Determine how processes can be aligned with best practices to achieve optimal results, measurable change, and a quantifiable, positive contribution

Requirements

* Bachelor's degree in Business, Finance, Computer Science, or a related field required
* MBA or CMA preferred
* 5+ years of experience performing complex financial research and analysis
* 3+ years' experience in a health care organization preferred
* Prior experience in revenue management, patient financial services, and/or health information systems

Preferred Qualifications

* Expertise in data extraction and database queries
* Ability to manage, organize, prioritize, and monitor project work
* Ability to identify, interpret, and analyze complex revenue cycle and other financial data and issues
* Ability to synthesize information and recognize trends
* Excellent problem-solving and interpersonal skills
* Excellent written and verbal communication skills
* Proficient in Microsoft Office Suite
* Highly skilled in Microsoft Excel and/or Access
* SQL and Qlik experience a plus but not required
* Knowledge of reimbursement/payment policies, medical terminology, medical record coding, and claim billing strongly preferred
* Knowledge of research techniques sufficient to collect and interpret detailed financial data
* Ability to prepare comprehensive reports and prepare and conduct effective presentations
* Exhibits integrity in all actions and communications
* Collaborates with key constituents in different functional areas to assist in designing reports that meet the hospital's business requirements and provides training on generating these reports
* Ensures accessibility and flow of performance information to all relevant parties; works to prevent or address data transmission issues
* Analyzes financial and revenue cycle performance data to identify trends, patterns, and root causes
* Examines business and procedural workflows to identify weaknesses in proposed or established flows and suggests alternatives as necessary
* Conducts quantitative and/or qualitative analyses of performance and helps identify and prioritize improvement opportunities
* Explores potential sources of revenue leakage identified by performance indicators and responds with data-driven initiatives to improve net revenue
* Utilizes a strong understanding of software, operational workflows, governing policies, and regulations to assist in process changes
* Organizes statistical findings; interprets, simplifies, and presents information in order to champion initiatives to support data integrity and overall revenue cycle performance and efficiency