Financial Analyst- Onsite Position

Job Summary : The Onsite 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 analyzes related but not limited to :

o Medical practice financial.

o Professional billing revenue cycle reporting for historical and projected payments, billed charges, AR, payor mix, billing throughput and other performance statistics.

o Physician and Mid-level provider productivity, utilization, patient referrals, Benchmarking.

o Routine revenue integrity audits.

o 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.

o Perform productivity and financial analyzes on new groups to determine appropriate compensation and forecast financial performance.

o Coordinate with practice operations and physician leaders to develop and oversee transition plan for capital assets, existing leases, service contracts and vendors.

• Maintain existing portfolio of Inter-WMC Health Entity agreements and develop models for new agreements in order to forecast, track and reconcile financial impact of agreements and communicate with appropriate network finance parties.
• Other regular duties and projects as assigned.†††††â€

No remote, no hybrid

Qualifications / Requirements :

Experience : Healthcare finance experience is highly preferred. No remote, no hyrbrid

Education : Bachelors 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 system, ERP / Finance systems
• Exhibits independent decision making within the scope of job duties.
• Displays critical thinking to proactively diagnose root cause 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.

PI253057546