Financial Operational Analyst

Maria Parham Health - Henderson, NC

Full-time - Entry Level

Henderson, NC

About the position

The Financial and Operational Analyst at Maria Parham Health plays a crucial role in supporting market leadership by providing comprehensive analysis of operational and financial data. This position is essential for ensuring the financial health of the organization through various responsibilities that include clinical service line reporting, reimbursement reviews, trend analysis, proformas, forecasts, and monitoring of key financial metrics. The analyst will work closely with the Market Director of Physician Services to promote profitability and operational efficiency within the healthcare setting. In this role, the analyst will support leadership in financial and operational management projections, reporting, budgetary controls, and planning. They will compile and submit monthly reimbursement requests for providers, ensuring adherence to contractual and compliance guidelines. The analyst will also analyze and report on clinic and provider productivity, utilizing established benchmarks to assess performance. Monthly, quarterly, and annual financial reports will be created and analyzed, along with productivity dashboards for operations reviews with physicians and non-physician practitioners. The Financial and Operational Analyst will conduct payment analysis reviews to ensure that service line payments meet expectations and will develop integrated revenue and expense analyses. Identifying trends in data analysis and providing key findings will be a significant part of the role, as will providing administrative-level summaries to aid in decision-making. The analyst will also make recommendations for process improvements that optimize efficiencies and reduce costs in delivering healthcare services. Collaboration with the Market Director and Clinic Managers will be necessary to monitor trends and explore new opportunities for clinic sustainability and growth. Additionally, the analyst will perform various related duties and assist others as needed, demonstrating flexibility and a willingness to take on special assignments when requested.

Responsibilities

• Supports Leadership on financial and operational management projections, reporting, budgetary controls, planning and analysis to promote profitability.
• Compiles and submits monthly reimbursement requests for Providers based on adherence of contractual and compliance guidelines.
• Analyzes and reports clinic and provider productivity based on MGMA and established organizational benchmarks.
• Creates and analyzes monthly, quarterly, and annual financial reports.
• Prepares financials and productivity dashboards for Monthly Operations Reviews with Physicians and Non physician Practitioners.
• Performs payment analysis reviews for services/services lines performed in the clinic setting to ensure payment results meet expectations.
• Develops integrated revenue and expense analyses as well as enhanced reporting and presentation of the data.
• Identify trends in data analysis and report key findings.
• Access and interpret appropriate financial data for purposes of identifying financial performance improvement opportunities.
• Provides administrative-level summaries that provide concise information for use in decision making.
• Provides recommendations for changes and processes or practices that optimize efficiencies and/or reduces the total cost of delivering health care services.
• Coordinates and leverages resources across LifePoint to make informed recommendations for financial improvement opportunities.
• Supports Market Director and Clinic Managers in monitoring trends and exploring new opportunities for clinic sustainability and growth.
• Performs numerous related duties, assists others as needed, and performs special assignments when requested.

Requirements

• High School Diploma required; Degree in Business, Accounting, Financial, Management Engineering, or related field preferred.
• Minimum of 2 years of applicable work experience analyzing operational and financial data is required.
• Strong knowledge of Microsoft Office including Word, PowerPoint, and Excel for data collection, documentation, and presentation purposes.
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rates, ratios, and percentages and to draw and interpret graphs.
• Moderate Computer Skills with frequent use of electronic mail, word processing, data entry, spreadsheets, graphics, etc.
• Excellent written and verbal communication skills.

Nice-to-haves

• Experience in healthcare financial analysis is preferred.
• Familiarity with MGMA benchmarks and healthcare reimbursement processes.

Benefits

• Health (Medical, Dental, Vision) benefits for full-time employees.
• 401K benefits for full-time employees.
• Competitive Paid Time Off, PTO cash out, and PTO donation programs.
• Employee Assistance Program - mental, physical, and financial wellness assistance.
• Loan Repayment and Tuition Reimbursement/Assistance for qualified applicants.
• Robust employee recognition and awards programs.