MLK Community Healthcare · 7 hours ago
Health IT Finance and Contract Analyst - Full Time
LA Metro Area
Full-time, Contract
Onsite
Mid Level
3+ years expMLK Community Healthcare is seeking a Health IT Finance and Contract Analyst to manage contract processing, invoice reconciliation, and budget preparation within the Health IT organization. The role involves developing financial analyses to support technology investments and ensuring compliance with financial and contractual processes.
Health CareHospitalNon ProfitTherapeutics
Responsibilities
Assist HIT leadership with reviewing the contract’s deliverables, compliance, and key performance measures to ensure they meet the organization’s requirements
Coordinate review of the contract terms with Contract Management and Legal
Coordinate required documents to onboard new vendors, such as the W9 form, conflict of interest form, confidentiality agreement, certificate of insurance, equal employment opportunity (EEO) certification, OIG/SAM/MediCal exclusion search results, and business associate agreement, if applicable
Track the contract renewal dates and assist HIT leadership in negotiating the renewal with the vendor
Assist HIT leadership with any financial analysis required to evaluate the fees or prices specified in the contract
Coordinate with the Health Information Security team to ensure that the vendor risk assessment has been completed and approved, if applicable
Upload contracts and required documents into our contract management system, MediTract, and initiate the approval process, ensuring that the contract and its components are adequately described
Ensure contract artifacts are properly filed and maintained
Assist HIT leadership with reviewing all invoices received for accuracy, adequate supporting documentation, and proper general ledger coding
Ensure vendor invoices are in alignment with the contract scope and terms
Assist HIT leadership in reviewing hours and travel expenses billed for contract labor and ensure travel expenses are in conformance with our Contractor Travel and Expense policy (FIN-1011)
Coordinate with Accounts Payable in responding to vendor requests on status of payment or past due vendor balances
When requested, assist HIT leadership with evaluating vendor cost trends and determining areas of opportunity for reduction
Calculate expense accruals for services rendered that have not been invoice and communicate to Finance on a timely basis
Assist HIT leadership with the planning and preparation of the operating expense budget for each of the six cost centers in the HIT organization – Data Center Maintenance, Health Information System, Applications Technology, Health IT Administration, Clinical Informatics, and BioMed Services
Maintain the operating expense budget worksheet and identify year-over-year changes in operating expense as well as changes to each budget version
Prepare the operating expense schedules and analyses to present to Finance leadership
Enter approved budget in the organization’s budget software, EPSI
Assist HIT leadership with gathering capital requests and cost estimates from business owners
Assist HIT leadership with submitting capital requests to the Capital Review Committee and preparing the Budget Expenditure Approval (“BEA”) form
Ensure compliance with the organization’s Capital Expenditure Approval policy (FIN-1003)
Ensure budget artifacts are properly filed and maintained
Obtain and process monthly extracts of journal entries from the general ledger
Prepare monthly variance analysis of actual versus budget operating expense
Assist HIT leadership with researching variances and documenting variance reasons in the budgeting software, EPSI
Assist HIT leadership with forecasting operating expenses to the end of the fiscal year
Assist HIT leadership with action plans to recover budget overages
Assist HIT leadership and business owners in developing financial justification or return on investment models for technology purchases
Assist HIT leadership in developing pro-forma models in estimating one-time and on-going HIT costs associated with executing the organization’s strategic initiatives, such as implementing new service lines, expanding geographic footprint, acquiring physician practices, etc
Build and maintain relationships with HIT, with stakeholders in other departments, and with analyst counterparts at HIT vendors, where applicable
Communicate effectively with various internal stakeholders, including IT, finance, legal, and executive teams, to provide updates and insights on financial and contractual matters
Identify, troubleshoot, and resolve issues relating to the duties of a finance and contract analyst
Identify opportunities to improve financial and contractual processes
Implement best practices to enhance efficiency and accuracy
Other duties as required
Qualification
Required
Associate's or Bachelor's degree in Account, Finance, or Business Administration, or a related field
Minimum of 3 years of experience in financial analysis, contract management, or a similar role, preferably in a healthcare or technology setting
Strong understanding of accounting principles and contract law as they relate to technology services
Advanced proficiency with Microsoft Office, especially Excel
Ability to interact and collaborate with all levels of internal and external stakeholders, work cross functionally, and negotiate among different departments and groups
Excellent analytical and problem-solving skills
Effective verbal, written, presentation and communications skills, particularly with executive audiences
Exercises good judgment, identifies risk and mitigating factors
Strong attention to detail and organizational skills
Must be experienced and comfortable working in a fast-paced environment and able to deal well with change and ambiguity
Ability to take initiative and work independently
Experience working in a high availability environment
Preferred
Knowledge of healthcare industry is highly desirable
Company
MLK Community Healthcare
MLK Community Healthcare (MLKCH) is an award-winning health system that provides quality care to the medically-underserved community of South Los Angeles.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Elaine Batchlor
CEO
Recent News
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