Financial Analyst

$60,000 - $70,000/Yr

Health Plus Management, Llc. - Uniondale, NY

posted about 2 months ago

Full-time - Entry Level
Uniondale, NY
101-250 employees
Professional, Scientific, and Technical Services

About the position

Health Plus Management (HPM) is seeking a highly skilled and motivated Financial Analyst to join our team. Founded in 1994, HPM is a private equity-backed management services organization that provides administrative support to clinical organizations across the musculoskeletal care continuum, including physiatry, physical therapy, and orthopedic practices. Our services encompass site selection and buildout, front and back-office management, marketing, human resources support, information technology, and financial reporting. We support physicians through all phases of growth, from the launch of new sites to practice expansion and efficiency improvements within established practices. Currently, we serve 45 locations with over 150 providers across New York, New Jersey, and Connecticut. In this role, the Financial Analyst will play a pivotal part in analyzing and supporting strategic initiatives within Health Plus, focusing on Financial Planning & Analysis (FP&A) activities and acquisition due diligence. The candidate will contribute to financial forecasting and other analyses for the organization, ensuring that we maintain our commitment to excellence in healthcare management. The position will involve two primary areas of responsibility: Finance and Business Development. In Finance, the analyst will assist in preparing timely month-end reporting packages for senior and executive leadership, including KPIs, P&Ls, and variance analysis to budget and prior year. The analyst will partner with the Operations team to develop detailed practice-level budgets and implement routine reporting of P&Ls to stakeholders. Additionally, the role will involve identifying and implementing process improvements through automation and standardization, as well as assisting with the evaluation of new methodologies for determining management fees and physician compensation. In the Business Development aspect, the Financial Analyst will conduct thorough analyses of potential healthcare M&A opportunities, including financial due diligence, billing data analysis, and risk assessments. The analyst will collaborate with cross-functional teams to evaluate the strategic fit of potential acquisitions, preparing comprehensive financial models and valuation analyses to assess the financial impact of proposed M&A transactions. This role is essential for assisting in the development of business cases and presentations for executive leadership, highlighting key insights and recommendations that will drive our growth and success in the healthcare sector.

Responsibilities

  • Assist in preparing timely month-end reporting packages for senior and executive leadership, including KPIs, P&Ls, and variance analysis to budget and prior year.
  • Partner with the Operations team to develop detailed practice level budgets and implement routine reporting of P&Ls to stakeholders.
  • Help create metrics and processes to manage operating costs and procurement to enhance site performance.
  • Identify and implement process improvements through automation and process standardization.
  • Assist with the evaluation and implementation of new methodologies for determining management fees and physician compensation to increase profitability.
  • Conduct thorough analysis of potential healthcare M&A opportunities, including financial due diligence, billing data analysis, and risk assessments.
  • Collaborate with cross-functional teams to evaluate the strategic fit of potential acquisitions, identifying synergies and areas for improvement.
  • Prepare comprehensive financial models and valuation analyses to assess the financial impact of proposed M&A transactions.
  • Assist in the development of business cases and presentations for executive leadership, highlighting key insights and recommendations.

Requirements

  • Must be authorized to work in the United States.
  • Bachelor's degree in Finance, Business, or a related field; MBA is a plus.
  • 1+ years experience in financial analysis, financial modeling, budgeting, or forecasting.
  • Excellent analytical and problem-solving skills, with attention to detail.
  • Strong communication and presentation skills, with the ability to convey information to diverse audiences.
  • Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities.

Nice-to-haves

  • Background in investment banking, private equity, or corporate FP&A.
  • Healthcare experience would be a plus.
  • Experience in data analysis or data visualization with Tableau, PowerBI would be a plus.

Benefits

  • Hybrid work environment
  • Competitive salary range of $60,000 - $70,000 per year
  • Full-time position with a Monday to Friday schedule
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