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WVU Medicine · 11 hours ago

Sr. Cost Accounting Analyst

United States

Full-time

Remote

Senior Level

5+ years exp

WVU Medicine is a health system seeking a Sr. Cost Accounting Analyst responsible for building and maintaining a cost allocation system that provides financial information for profit and loss reporting. The role involves leading cost allocation methodologies and ensuring data integrity for decision support to assist executive leaders in making informed financial decisions.

Health CareHospitalMedical

Responsibilities

Serve as a project leader in the building, scaling, and implementation of a multidimensional cost allocation system utilizing methods to the patient encounter and charge code level, such as activity based costing, RVUs, time-based costs, physician compensation, acquisition based costing for pharmacy and supplies, 340B discounts

Lead collaborations with CFOs, Strata, Finance, Accounting, Patient Service Departments, and all Clinical Areas to build optimal cost allocation configuration allowing organization leaders to effectively manage service delivery, while understanding the precise cost for every patient encounter, procedure, and care episode

Responsible for accuracy, integrity, and usefulness of profit and loss statement actuals and projections modeled by the DS Analysts, for patient population level (ie P&L for diabetic patients), procedure level (i.e. patients undergoing robotic procedures), physician level (i.e. all pediatric neurosurgery physicians), and signature line level reporting (i.e. oncology, HVI, Critical Care, and Neuro), which are utilized by various organization executive leaders, hospital leaders, service line physician and business leaders, and department leaders to make strategic decisions

Resolve any reporting issues with profit and loss statements, in addition to performing any additional cost analyses required to support the understanding of the profit and loss statement actuals or projections

Serve as the leader in improving the cost allocation methodology and system and continually collaborate with key organizational stakeholders to drive ongoing optimization of financial information so that leaders can accurately assess the profitability of individual services, improve services, determine what services to offer, enable leadership to make informed decisions, and support patient and community needs at the highest quality of care and at the lowest cost

Create and build additional signature line programs to include other service areas for executive teams to evaluate and grow programs

Coordinate the completion of financial analysis related to and in support of new services, provider needs, and long term strategic initiatives

Identify performance improvement and margin opportunities through enhanced costing and communicate to senior leadership