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El Rio Community Health Center · 2 weeks ago

Healthcare Financial Analyst I - Manning - Analyst

Manning House I, 450 W. Paseo Redondo, Tucson, Arizona, United States of America

Full-time

Onsite

Entry Level

$28.30/hr - $42.44/hr

1+ years exp

El Rio Community Health Center is a non-profit Federally Qualified Health Center focused on providing quality healthcare. They are seeking a Healthcare Financial Analyst I to perform financial analysis, assist in budget development, and support business decision-making efforts across various departments.

FitnessHealth CareWellness

Comp. & Benefits

Responsibilities

Analyze revenue patterns and reimbursement rates and identify areas where improved revenue capture can be implemented

Assist business partners in understanding their revenue drivers, including but not limited to, provider FTE productivity, revenue by payer mix, revenue per encounter, prescription revenue and revenue per prescription

Analyze spending patterns, track expenses, and identify areas where cost-savings can be implemented

Assist business partners in understanding their cost drivers, including but not limited to FTEs, clinic supplies, and drug supplies

Analyze expenses incurred by departments to assist business partners in understanding their department expenses and ensure that expenses are charged to the proper department

Facilitate corrections as necessary through collaboration with business partners and the accounting team

Develop pro forma financial statements to support business decision making

Actively participate in developing budgets for various departments within the organization using revenue and expense drivers appropriate to the departments

Assist business partners in developing their budgets to meet organizational goals by allocating resources effectively

Monitor actual revenue and expenses against budgeted amounts

Identify, research, and explain discrepancies and variances

Assist business partners in understanding financial performance compared to budget so they can troubleshoot results and make pivots as necessary to meet budget expectations

Prepare forecasting models to predict future financial performance based on historical data and assumptions

Capture the impact of changing variables on financial outcomes

Evaluate the costs and benefits of specific operational decisions and capital investments

Assess the likelihood of different financial scenarios

Explore how changes in key variables affect financial results

Analyze costs related to medical supplies, medical equipment, and pharmaceuticals

Evaluate vendor contracts and determine financial impact of vendor options

Assist Supply Chain leaders in identifying opportunities to optimize supply chain efficiency

Monitor cash inflows and outflows to ensure sufficient liquidity for day-to-day operations and maintenance of financial stability

Prepare quarterly and annual cash flow forecasts

Analyze contracts with vendors, payers, and other stakeholders

Assess contract terms and track performance against contractual obligations

Collect data, analyze reasonableness, support, or prepare Medicare cost report annual filing

Present information in easy-to-understand format to business partners and collaborators

Work effectively with the analyst team, accounting team and operating departments to support business decision making efforts

Maintains a clean, safe, and hygienic work environment in compliance with all Policies and Procedures including but not limited to work areas, workstations, examination rooms, hand washing, infection prevention and control etc. for this position

Demonstrates an understanding of and proficiency with the application of all compliance and reporting requirements respective to Joint Commission Certification (JCC) standards

Qualification

Financial AnalysisBudget DevelopmentFinancial ModelingHealthcare ExperienceBilingual (English/Spanish)Data Integrity AnalysisCash Flow ManagementContract ManagementCollaborationPresentations

Required

Bachelor's Degree in Accounting, Finance or related field from an accredited college or university

One year's experience in accounting or finance; preferably in a healthcare environment

Level I fingerprint clearance card: current valid and in good standing or have applied for it within seven working days after beginning employment

Employees in this position are required to have reliable transportation that can meet any operational reassignments of the organization during the workday

If an employee is driving during work hours, the employee is required to possess a valid driver's license and must comply with Arizona vehicle insurance requirements

Preferred

One year accounting

Accounting in a health care organization, preferably in physician offices or health care payer organizations

Financial analysis in a health care organization, preferably in physician offices or health care payer organizations

Federally Qualified Health Center experience

Bilingual (English/Spanish) with the ability to speak, read and write in both languages

Benefits

Employees in this position are required to have reliable transportation that can meet any operational reassignments of the organization during the workday.

All employees are strongly recommended to obtain and maintain vaccination status (i.e., as recommended by CDC and/or other public health agencies) to include an Influenza vaccination.

All employees are required to undergo drug testing prior to employment and will be subject to post-accident, reasonable suspicion, return to duty and follow up drug and alcohol testing in compliance with Federal and State regulations for alcohol and controlled substance testing.