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Financial Operations Analyst

2 months ago

Pawtucket, Rhode Island, United States Lifespan Full time

Overview:


This role provides essential support to the Finance Directors at Lifespan and associated entities, focusing on financial operations, reporting, analysis, and special initiatives.


Key Responsibilities:
Conducts thorough analysis of financial and statistical data to ensure accuracy and relevance in reporting.
Identifies and resolves discrepancies or variances as necessary.
Assists in the formulation of annual revenue and expense budgets, delivering monthly budget versus actual expense reports and analyses for various accounts, grants, and special funds.
Updates monthly financial statements for healthcare providers, aligning with incentive payment processes.

Monitors inpatient discharges to ensure proper billing and collections, collaborating with management to develop tools for charge capture, review, and revenue reconciliation.

Prepares a variety of standard and custom reports, including relevant data on volume, costs, and profitability. Completes special analyses and projects as required, interpreting and clarifying financial and statistical data generated.

Contract Coordination:
Oversees the provider service contracts process, including finalizing new contracts and memoranda of understanding (MOUs), tracking invoices and billing with finance departments, and processing payments to providers.

Assists in preparing financial and clinical data analyses for administrative and clinical directors, as well as other management personnel.

Monitors vendor contracts, verifies invoice accuracy, and conducts further research and analysis as needed.
Extracts information from hospital decision support systems and other sources to build and maintain departmental databases.
Contributes to the development of presentation materials, consolidating information into graphs, charts, tables, and PowerPoint slides, tailored to the intended audience.

Qualifications:

Essential Knowledge:
Bachelor's degree in finance, business, healthcare administration, or a related field. Strong grasp of healthcare finance and hospital financial systems.

Proficient in computer applications, particularly Microsoft Excel, Word, and PowerPoint.

Ability to download and merge data from various sources. Excellent interpersonal, written, and verbal communication skills for effective interaction with all levels of management, staff, and healthcare professionals. Strong organizational skills, with the ability to prioritize tasks and utilize resources efficiently.

Preferred Experience:
Experience in a healthcare finance environment, with a background in performing financial and quantitative analyses.

Supervisory Role:
No supervisory responsibilities.
Lifespan is an Equal Opportunity / Affirmative Action employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, ethnicity, sexual orientation, ancestry, genetics, gender identity or expression, disability, protected veteran status, or marital status.

Lifespan is a VEVRAA Federal Contractor.

Work Type:
Full Time

Shift:
Day Shift

Union Status:
Non-Union

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