Healthcare Financial Data Analyst

Description

Job Summary:  The Healthcare Financial Analyst performs and assists with financial analysis, planning and reporting of hospital and clinic operations to assist management in making sound business decisions. Responsible for gathering and reporting of statistics, and compiling benchmarking information. Assists in preparing accurate and accountable multi-year financial forecasts to support leadership planning activities and decision making. Involved in all areas including but not limited to: Business planning, validation/implementation of new products or services, long range financial planning, revenue and expense analysis, etc. Extracts, aggregates, validates, interprets, and presents financial and operational data from varied data sources. Acts as a financial resource for directors assisting them by providing training in interpretation of financial data. The position is the point of contact for program analysis, statistical record keeping and provider compensation analytics. In support of financial sustainability and transparency, the position is expected to provide independent audit, analysis, and decision support to appropriate executive management. Prepare a variety of internal and external reports as requested.    

Professional Requirements

· Adheres to dress code, appearance is neat and clean.

· Completes annual organization-required and/or job-required educational requirements.

· Maintains regulatory requirements

· Wears identification while on duty.

· Attend staff meetings and/or read all meeting minutes

· Reports to work on time and as scheduled, completes work within designated time.

· Maintains employee/patient confidentiality.

· Represents the organization in a positive and professional manner.

· Participates in the department’s performance improvement activities

· Demonstrates the mission, ethics, and goals of the organization as well as the departmental Scope of Service.

· Communication with patients, guests, family, and staff is courteous, respectful, and helpful.

· Maintains a clean, safe, and accident-free environment.

· Follows Infection Control procedures at all times.

• Clinical       Personnel: Strictly adheres to standard       precautions by adhering to the usage of personal protective equipment       when handling blood or body fluids.
• Non-Clinical       Personnel: Washes hands and other skin surfaces       with soap and water thoroughly and often controls spreading of germs       within the department and facility.
• Always       adheres to isolation procedures as applicable.

· Adheres to the following environmental care standards. 

• Demonstrates       adequate knowledge of safety policies and procedures, the use of MSDS       sheets, hazardous material procedures, and safety codes.
• Respond       appropriately to any Codes while working any shift (Code Blue, Code Gray,       Code Silver, Code Amber, Code Red, Code Orange, and Rapid Response Team).       
• Demonstrates       adequate knowledge of security issues, i.e., personal protection,       protection of personnel and hospital property.

· Participates in quality initiatives as needed.

· Be familiar with and comply with the Mid-Valley Hospital & Clinic Personnel Handbook and Policies.

• Be      familiar with the collective bargaining agreement (Union Contract) of the      UFCW3000 and Mid-Valley Hospital. 

Essential Job Functions, Skills & Abilities:

• Ability      to effectively communicate complex fiscal information in writing and      verbally to a wide audience with a variety of base understanding.
• Ability      to work rapidly and effectively in pressure situations.
• Demonstrated      skills in collaboration, teamwork and problem-solving to achieve goals.
• Demonstrated      skills in verbal communication and listening.
• Demonstrated      computer keyboarding and data entry ability.
• Demonstrated ability to manage an array of      tasks simultaneously despite multiple interruptions.

· Ability to prioritize, organize and plan work tasks over several weeks in order to meet conflicting deadlines.

• Maintains,      creates, and organizes financial analytical reports utilizing a variety of      data sources within the organization.
• Prepare      feasibility studies, financial forecasts and modeling, various ad-hoc      financial projects, reports, and studies as assigned.
• Create      and maintain databases used for financial operations reporting and      compliance.
• Assist      in the preparation of the Medicare Cost Report, RHC Reimbursement, payer      contract negotiations, and reimbursement compliance.
• Partner      with the Director of Revenue Cycle and Revenue Cycle Analyst on projects      involving revenue producing departments and overhead departments.
• Work alongside      department managers to ensure accuracy of monthly statistical reporting.
• Participates      in strategic planning, provider relations and business development      activities.
• Work      alongside the Fiscal department to coordinate audit activities of      financial auditors and other regulatory agency audits.
• Evaluate      analysis conducted by other departments and/or outside consultants and evaluate      accuracy of assumptions and financial impact.
• Provide      decision support to executive management to identify key business issues,      outline strategic alternatives, and recommend cost effective solutions.
• Prepare      and analyze departmental profit and loss statements, as requested.
• Subject      Matter Expert for DASH Premium, an advanced analytics tool for strategic decision-making.
• Subject      Matter Expert for facilities Electronic Health Record reporting platform.

· Extracts data using queries, organizing, and summarizing data using reports, and solving problems in unique ways.

· Develops a reporting strategy, including organizing resources to create and validate reports, prioritizing reporting requests to align with facility imperatives, and develops sustainable processes for analytical initiatives for organizational improvement.

• Complete      the annual Disproportionate Share Application and Examination, as      required, to meet deadlines.
• Participates      in designing, implementing, and liaison for provider compensation models      and aligning with organization strategies; to include analysis for RVU and      quality metrics.
• In the      best interest of District, acts as an independent internal auditor, review      activities of financial risk, reconciliations, and reporting accuracy. 

· Assist and guide the facility on cost savings and profit enhancement opportunities.

• Perform market      analysis and benchmarking to identify opportunities or mitigate risk or      improve financial position.

· Other duties as assigned.

The above job summary and essential job functions are intended to describe the nature and level of work being performed. It is not an exhaustive list of all responsibilities, duties, and skills required of personnel for this job classification. 

 

Mid-Valley Hospital offers a benefit package. This includes accrued vacation time in the amount of .076923 vacation hours per hour worked.  Accrued sick leave at an accrual of .04615 per hour, Life insurance and a profit-sharing plan. We also offer medical, dental and vision insurance plans. Employees can enroll in a 403(b) deferred compensation plan and/or a 457 deferred compensation plan.    

Requirements

     

Minimum Education:

Bachelor’s   degree in Accounting, Finance, Math, Statistics, or related field 

 

Required Licensure / Certifications:

None Required

 

Required Experience:

Advanced knowledge of Microsoft Office   suite of Analytical tools including but not limited to Microsoft Excel &   Access.

In lieu of bachelor’s degree,   candidates may be considered with a minimum of two (2) years of experience in   finance and/or financial analysis in a healthcare setting.

 

Preferred Qualifications:

Knowledge of RVU-based provider   compensation models

Knowledge of Medicare Cost   Report Preparation and analysis for reimbursement opportunities

Healthcare experience analyzing   program/service line financial viability

Experience with VBA and SQL coding language