Business and Financial Analyst
About The Position
The Business and Financial Analyst drives data-driven decision-making across financial, clinical operations, grants, and revenue cycle operations. The role creates financial and statistical analyses of healthcare revenue cycle management (RCM) and financial KPIs, transforming healthcare data into actionable insights through statistical analysis, trend reporting, KPI tracking, and interactive dashboards. The analyst evaluates financial metrics such as gross margins, cost overruns, and liquidity, and supports the monthly financial close process. The role also analyzes clinical operations efficiency to help balance revenue generation and cost management. The position is based at the Northbrook, Illinois office and requires in-person work in Northbrook. Applicants are limited to candidates currently located in Illinois who can perform the duties onsite.
Requirements
- Bachelor’s degree in accounting or finance is strictly required.
- At least 5 years of experience working as a financial and/or business analyst.
- Advanced MS Excel skills, including advanced formulas, Pivot Tables with query slicers, Power Query, macros, and complex financial modeling.
- Proficiency with Power BI and a proven track record of building data models and production-level dashboards.
Nice To Haves
- Prior analytical experience in the healthcare industry is highly preferred.
- Hands-on experience with NetSuite and SmartCare is highly desirable.
- Strong working knowledge of healthcare insurance, billing workflows, and RCM concepts.
- Experience in a not-for-profit and/or grant-based organization is a major plus.
Responsibilities
- Develop and maintain statistical models to analyze healthcare RCM performance and identify trends, bottlenecks, and optimization opportunities.
- Evaluate financial metrics, including gross margins, cost overruns, and organizational liquidity.
- Prepare regular variance analyses and trend reports to explain financial fluctuations to leadership.
- Analyze and prepare revenue recognition schedules when necessary.
- Maintain the accounts receivable model for accurate net AR capture and roll-forwards.
- Build and maintain automated dashboards and visual reports in Power BI or comparable software to track operational and financial healthcare metrics.
- Monitor and report RCM KPIs, including DSO, DCOH, clean claim rates, denial rates, and collection efficiency.
- Present complex data in clear, scannable, executive-ready visual formats.
- Partner with the accounting team to support the month-end close process in NetSuite and ensure accurate financial reporting.
- Prepare monthly operational packages, financial reports, and specialized data analyses for the RCM leadership team using SmartCare records.
- Collaborate with cross-functional teams to investigate data anomalies, reconcile system discrepancies, and streamline financial reporting workflows.
- Analyze clinical operations efficiency to support a sustainable balance between revenue generation and cost management.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
