Financial Decision Support Analyst

WVU Medicine - Oakland, MD

Full-time

Oakland, MD

11-50 employees

Hospitals

About the position

The Financial Decision Support Analyst position at WVU Medicine is primarily focused on providing comprehensive financial and statistical analyses to support organizational leaders across the WVU Medicine System in their decision-making processes. This role involves compiling financial and statistical data from various sources and systems to create detailed financial reports that meet the requirements of executive leadership and management. The analyst will be responsible for developing and running financial reports on a routine basis, including daily, weekly, and monthly reports, and will also provide ad-hoc financial analysis and proforma support to hospital executives and department leadership, particularly for Acute and Critical Access Hospitals. In addition to report generation, the analyst will prepare month-end statistics for assigned hospitals, ensuring accurate uploads to the General Ledger (GL) System and addressing any inquiries from leadership or management. The role also includes preparing financial data reports and statistical reports for the forecasting process, conducting scenario analyses based on various assumptions, and assisting hospital leadership with evaluations of small capital or FTE investments by running base financials and creating future projections. The Financial Decision Support Analyst will serve as the expert on the statistics and financials of assigned hospitals, providing optimal support to management in evaluating and making informed decisions. This includes providing quarterly signature line financial reporting and analysis, troubleshooting information systems issues within the decision support platform, and investigating systems utilized by the Financial Decision Support team to enhance data integrity and optimization. The analyst will also be expected to stay updated on healthcare industry knowledge and internal systems, contributing positively to teamwork and participating in performance improvement initiatives within the department.

Responsibilities

• Develops and runs financial reports that are required routinely on a daily, weekly, and monthly basis
• Provides ad-hoc financial analysis and proforma support to assigned hospital executive and department leadership for Acute and Critical Access Hospitals
• Prepares month end statistics for assigned Acute and Critical Access Hospitals for upload to GL System and answers any resulting questions from Leadership or Management
• Prepares financial data reports and statistical reports for the forecasting process for assigned Acute and Critical Access Hospitals and provides scenario analysis based on a set of assumptions
• Prepares statistical and gross revenue reports for the budgeting process for assigned Critical Access Hospitals, and provides financial analysis as needed to make budgetary decisions
• Assists Hospital Leadership with evaluation of small capital or FTE investments by running base financials and creating projections on future state based on a set of assumptions
• Serves as the expert on the stats and financials of assigned Acute and Critical Access Hospitals to provide optimal support to management in evaluating and making decisions
• Provides quarterly signature line financial reporting and analysis for assigned signature line
• Troubleshoots information systems issues within decision support platform to ensure the integrity of data at all times
• Investigates systems utilized by the Financial Decision Support team, such as Strata, Epic Slicer Dicer, and Tableau to find relationships between data, and assists with continuous data optimization, and makes recommendations accordingly
• Participates in meeting the objectives of the work unit and goals of the department
• Promotes and contributes positively to the teamwork of the department by assisting co-workers, contributing ideas, and problem-solving with co-workers
• Participates in performance improvement through planning and implementing change and maintaining and improving productivity through attendance and participation in staff meetings, committees, task forces, cross functional groups, projects and discussions with hospital management and staff

Requirements

• Bachelor's Degree in Business Administration, Accounting, Finance, Hospital Administration or related field AND Two (2) years of experience in financial analysis and reporting
• OR Master's Degree in Business Administration, Accounting, Finance, Hospital Administration or related field
• Experience in a healthcare industry with statistical metrics, population based proformas, forecasting, and budgeting
• Experience with Workday, Epic, StrataJazz, and Tableau
• Experience with financial analysis and reporting methods

Nice-to-haves

• Experience in a healthcare industry with statistical metrics, population based proformas, forecasting, and budgeting
• Experience with Workday, Epic, StrataJazz, and Tableau
• Experience with financial analysis and reporting methods