Financial Analyst - WMCHealth : Job Details

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 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.

Qualifications/Requirements:

Experience: Healthcare finance experience is highly preferred.

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.