Senior Financial Analyst, Hospital, Billing & Reimbursement

Job Description Summary

Candidates must reside in MA, RI, CT or NH to be considered. Under the direction of the Reimbursement Manager, the SFA will help support the financial planning, budgeting and analysis of the hospital’s NPSR performance. Responsible for providing departmental, divisional and hospital wide financial, cost and statistical analysis to make informed operational and financial decisions, with the ability to recognize and successfully implement process improvements. Understanding and experience in Hospital/Facility Billing is a must. Strong experience with financial and data analysis. This is an onsite/hybrid position, spending 2-3 days on site. Candidates must reside in MA, RI, CT or NH to be considered.

Job Description

Job Responsibilities:

• Monthly review of hospital revenue performance to budget, including, revenue, volume and charge reimbursement, with the ability to be able to research and provide explanation of deviations

• Maintain reserve for contractual allowance in the Hospital Accounts Receivable. Prepares monthly journal entries and reconciliation to ensure that the net A/R is properly stated. Prepares necessary reports from sub-systems in order to accurately estimate balances.

• Assist in the development of presentations to VPs/Directors on monthly NPSR performance

• Works with department leaders and other Finance personal to prepare the Hospital NPSR annual budget

• Collaborate with managers on a variety of analysis and projects

• Directs the preparation, completion and filing of third party cost reports, regulatory agency reports and internal reports.

• Prepares for and responds to year-end audits by third party auditors.

• Analyzes and documents major budget variances for management and department heads.

• Enhances professional growth and development through educational programs, seminars, etc. to keep abreast of current trends/changes in the field.

• Technology and Learning:

•  Participates in continued learning and possess a willingness and ability to learn and utilize new technology and procedures that continue to develop in their role and throughout the organization.

• Embraces technological advances that allow us to communicate information effectively and efficiently based on role.

• Extract and analyze data from EPIC, Experian, and Strata to support budgeting, forecasting and productivity modeling

Minimum Education - Preferred

Bachelor's degree in Accounting, Finance or Business Administration or equivalent preferred. 

Minimum Work Experience

Three to five (3–5) years' experience in hospital reimbursement, with thorough knowledge of hospital operations.

Skills, Knowledge & Abilities:

• Understanding and experience in Hospital/Facility Billing is a must. Strong experience with financial and data analysis.

• Strong skills in Microsoft and other database tools. Familiar with EPIC, Experian Contract Manager, Workday & Strata.

• Strong knowledge of cost accounting, variance analysis, inferential statistics and other methods of quantitative analysis.

• Skilled at interpreting data and presenting material in an innovative format. Ability to understand and apply process improvement techniques to existing and new processes.

• Requires a high level of creativity and motivation to develop new programs, strategies and approaches to problems.

• Ability to independently prioritize work appropriately and to manage multiple projects simultaneously.

• Strong interpersonal, communication and presentation skills, both written and verbal.

• Must demonstrate exceptional judgment, discretion and ability to communicate effectively with a wide range of departments, clinical staff, and individuals at all levels both within and outside the institution.