Job Summary:
The Financial Analyst applies principles of accounting to analyze and record financial information and prepare reports by compiling information and utilizing accounting control procedures.
Responsibilities:
- Interact with internal and external parties to produce, distribute, and present both regular reports at fixed calendar intervals and ad-hoc analyses 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:
- Perform productivity and financial analyses on new groups to determine appropriate compensation and forecast financial performance.
- Coordinate with practice operations and physician leaders to develop and oversee transition plans for capital assets, existing leases, service contracts, and vendors.
Maintain existing portfolio of Inter-WMC Health Entity agreements and develop models for new agreements to forecast, track, and reconcile financial impact of agreements and communicate with appropriate network finance parties.Other regular duties and projects as assigned.
Qualifications/Requirements:
Experience:
Healthcare finance experience is highly preferred.
Education:
Bachelor's degree required. Master's degree preferred.
Licenses / Certifications:
N/A
Other:
Special Requirements: Intangibles - 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 systems, ERP/Finance systems.
- Exhibits independent decision-making within the scope of job duties.
- Displays critical thinking to proactively diagnose root causes 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.
About Us:
NorthEast Provider Solutions Inc.
Benefits:
We offer a comprehensive compensation and benefits package that includes:
- Health Insurance
- Dental
- Vision
- Retirement Savings Plan
- Flexible Savings Account
- Paid Time Off
- Holidays
- Tuition Reimbursement
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