Atlantic Health System
posted about 2 months ago
The Financial Application Analyst I at Atlantic Health System plays a crucial role in supporting the daily operations and analytical needs of the Finance Departments, particularly in collaboration with the Reimbursement & Reconciliation Manager and Supervisor. This position requires the analyst to utilize system applications for tracking, analyzing, and developing reports that align with departmental needs. A significant aspect of this role involves building strong relationships with stakeholders to gain a deep understanding of the supported business processes, thereby delivering value through the analysis of complex data sets. The analyst will investigate key business trends, performance issues, and behaviors to enhance operational efficiency. In this role, the analyst is responsible for documenting processes to improve business operations and developing operational dashboards that support Revenue Cycle Operations. This includes monitoring Aging Accounts Receivable (AR), trending payor issues, and overseeing posting and collections through appropriate Business Intelligence (BI) tools. The analyst will identify payor trends and communicate these insights back to the team and leadership, ensuring that the organization remains informed about critical financial metrics. The position also involves completing claims worklists assigned by the Reimbursement Supervisor and running reports for distribution to management as needed. The analyst will provide bi-monthly reporting of dashboard status, including aged balances and error reasons, and will work with internal departments to collect data necessary for developing and implementing effective strategies. Additionally, the analyst will field staff questions and complaints regarding insurance needs on behalf of assigned providers and specialties, review allowances, and analyze potential issues that may lead to unposted allowances on accounts. A strong knowledge of the healthcare industry, particularly regarding the revenue cycle, coding, claims, and state insurance laws, is essential for this role. The analyst will assist in researching reimbursement issues related to benefits and eligibility, complete Key Performance Indicator (KPI) reports as requested by management, and ensure accurate and timely follow-up on accounts receivables. The ability to break down complex problems into manageable pieces, seek guidance, and propose solutions is critical. Furthermore, the analyst will be responsible for training new team members on payor contracts and processes, turning over delinquent accounts to third-party collection agencies, and performing monthly quality assurance on team accounts or workflow actions to ensure accuracy and detail.