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Penn Medicine, University of Pennsylvania Health System · 6 days ago

Senior Financial Analyst - Emergency Department

Philadelphia, PA

Full-time

Onsite

Mid, Senior Level

4+ years exp

Penn Medicine is dedicated to providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. The Senior Financial Analyst supports the entity Finance Team by using advanced analytical and critical thinking skills, primarily responsible for the revenue cycle accounting process and ensuring accurate reporting of revenues.

BiotechnologyEducationHealth CareMedicalTraining

Responsibilities

Preparation and processing of all month end closing entries for Accounts Receivable and Patient Revenue: FFS, Capitated, Value Based

On a monthly basis, prepares the following detailed schedules from database sources in order to generate A/R, Allowances, Fee for Service, and Managed Care revenues by practice for financial reporting: Components of net revenue on a monthly and year to date basis Items affecting the change in net accounts receivable from the previous month Charges, payments, adjustments and gross account receivable combining patient accounting systems and tracking accruals A reconciliation of the net accounts receivable per the general ledger to a global valuation of the aged accounts receivable for the entity

Analyzes trends & investigates variances to budget

Participates in the development of the revenue budgets by compiling prior year data and prepping initial file templates for practice staff to complete before being uploaded into Hyperion

Partners with DOOs and practice managers of selected Regions to build Revenue budgets from visit volume projections

Participates in building the Practice Operating Budget each year by working with practice management and Assoc. Dir of Financial Planning & Analysis to build detailed practice expense budgets from the bottom up

Manages our relationship with our partner Vizient who provides our RVU data each month: Ensure they provide the data timely, Ensure the values are accurate, Manage the workflow to account for and report on these values, and Communicate relevant RVU value changes to the team to coordinate reporting and accounting changes necessary

Oversees the calculation and reporting of the Visit and RVU statistics that we share with our practices

Works closely with personnel within the corporate department, practices, and across the entity to resolve issues efficiently

Performs special analysis and projects assigned by the senior finance staff as requested

Participates in the year-end closing/audit process by reconciling accounts and providing auditors with necessary schedules

Where applicable, mentor financial analysts and other staff

Qualification

Financial AnalysisRevenue Cycle AccountingBudgetingHyperion EssbaseLawson FinancialsAnalytical SkillsCritical ThinkingMentoring

Required

Bachelor of Arts or Science (required) Education Specialization: Finance, Accounting or Information Technology

4+ years experience in a Finance department, with progressive accounting and budgeting experience, for a Healthcare System. (required)

1+ years Experience using Hyperion Essbase / Planning / Reports & EPIC (required)

Preferred

1+ years Experience using Finance/Accounting systems. Lawson Financials (preferred)

Benefits

Prepaid tuition assistance programs

Company

Penn Medicine, University of Pennsylvania Health System

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Penn Medicine is a world leader in academic medicine, setting the standard for cutting-edge research, compassionate patient care, and the education of future health care professionals.

Founded in 1765

Philadelphia, Pennsylvania, USA

10001+ employees