Financial Analyst

Company: WMCHealth
Location: Valhalla
Posted on: October 16, 2024

Job Description:

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.

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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.

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- - - - - - - - - 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.

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- - - - - - - - - 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.

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Qualifications/Requirements:

Experience: Healthcare finance experience is highly preferred.

Education: -Bachelors degree, required. Master's degree, preferred.

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Licenses / Certifications: -N/A



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Other: -

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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.

Keywords: WMCHealth, Fairfield , Financial Analyst, Professions , Valhalla, Connecticut