InnovaCare Health · 2 days ago

Sr. Financial Analyst

United States

Full-time

Remote

Mid, Senior Level

1+ years exp

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Responsibilities

Assist on internal and external reporting matters, both formal and informal.

Contribute to corporate strategy by analyzing financial data and market trends to identify growth opportunities and potential areas for operational efficiency.

Support strategic decision-making by preparing and presenting insights into the profitability and sustainability of various business models and reimbursement structures.

Assist in preparing the corporate annual operating plan, distribution of monthly results against the plan and assist department leaders in understanding results and variances.

Produce monthly, quarterly and ad-hoc reporting packages to report on the stability of healthcare operations within the business, across platforms and at the independent practice level

Ability to expand to granular detail the performance of business lines (Medicare, Medicaid, Commercial Private, Commercial Exchange & Self Pay) and reimbursement models (Fee for Service, Capitated, Capitated Risk, Capitated Shared Risk/Savings)

Understanding of Government Healthcare Reimbursement (Medicare Advantage, Managed Medicaid, Managed Exchange – ACA)

Ability to perform rate/volume analyses for forecasting stability of healthcare practices

Assist in the development and reporting of KPI's and business drivers to identify cost savings and revenue opportunities at a summary/practice level

Prepare recurring reporting blending financial reported results, adjusted forecasts, performance indicators as key drivers and sensitivity to adjustments of key drivers.

Aid in the development and reporting of company, regional and location level forecasts, and help in bridging variances between forecast, actual and budget.

Assist in the development and reporting of KPI's and business drivers to identify cost savings and revenue opportunities.

Develop financial models to be used for evaluation of business profitability cases and alternatives, for example, focusing on Contract Profitability and Product Profitability.

Leverage system and reporting tools to provide meaningful analyses Prepare ad hoc reports, analyses and lead special projects.

Prepare and present key financial performance reporting on a weekly and monthly basis utilizing available systems.

Provide financial and analytical support to senior management for decision-making.

Perform other duties as assigned.

Qualification

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Financial Planning & AnalysisBudgetingForecastingVariance AnalysisExcelPowerPointGAAPCash Flow