Financial Analyst, Emergency Medicine

Boston Medical Center - Boston, MA

Full-time - Entry Level

Boston, MA

Hospitals

About the position

The Financial Analyst provides analytical support to the cash management, capital and financing decisions made by the Chair of Emergency Medicine, Senior Physician and Administrative Leadership. Assists in the development of the annual operating budget, prepares weekly/monthly statistical reports, and supports department leadership. Develops integrated revenue/expense analyses, projections, reports, and presentations. Communicates findings and makes recommendations to the Chair and directors or other team members as appropriate. Performs financial forecasting and reconciliation of internal accounts.

Responsibilities

• Participates in the planning of ongoing revenue enhancement projects, including developing project deadlines.
• Works with Finance Manager and Directors of Revenue Enhancement and Practice Support to provide analytical and operational assistance in the financial evaluation of professional billing accounts receivable and denials.
• Incorporates corporate-level analysis and applies this appropriately to individual department budgets.
• Assists in the preparation and validation of a final revenue budget package that is ultimately presented to the Department, BUMG and BMC Leadership.
• Assists in the implementation of billing policies and procedures and resolves billing process issues for the Emergency Department.
• Assists in the development/implementation of fiscal controls related to the revenue cycle.
• Analyzes monthly and quarterly data to identify trends and issues.
• Develops, monitors, reports and analyzes benchmarks and key indicators for billing, A/R and receipts at the physician, division and department level.
• Responsible for developing and maintaining the necessary tools to track and analyze operating results.
• Develops, monitors and reports on effectiveness of outside collection agencies.

Requirements

• Bachelors Degree required, with preference for concentration in Economics, Business, Accounting or Finance.
• Master in Business or Public Administration preferred.
• Minimum of 2 -3 years professional experience in a financial analysis or accounting function.
• Experience may be waived for candidates with a Masters' degree.
• Advanced MS Excel, Word, Access, and PowerPoint skills.
• Experience with or ability to learn Lawson and additional application systems.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
• Ability to interpret financial data and operating metrics.
• Requires superior interpersonal skills and excellent written and verbal communication skills.
• Ability to operate effectively in a fast-paced constantly changing environment.

Benefits

• Competitive pay
• Tuition reimbursement and tuition remission programs
• Highly subsidized medical, dental, and vision insurance options
• Career Advancement/Professional Development: Access a wealth of ongoing training and development opportunities.
• 33 days of paid time off
• 403b plan with company match after 1 year