Decision Support Cost Analyst

Children's Nebraska•Omaha, NE

8h•Remote

About The Position

The analyst is responsible for building, maintaining, and administration of the Financial Decision Support systems. Responsible for ensuring cost accounting is maintained and completed timely and accurately. Assists in developing and refining cost accounting methodologies and metrics that provide operational insight to leaders within the organization.

Requirements

Bachelor's degree in business or healthcare administration, finance, accounting or related field required
Minimum 5 years' progressive experience in finance, cost accounting or financial analysis, including 2 years experience in decision support system and/ or cost accounting is required
Proficient with Microsoft Office Windows environment
Working knowledge of clinical and hospital information systems
Working knowledge of the basic principles of accounting, cost accounting, healthcare reimbursement, and general finance theories and methodologies
Ability to work independently to determine methods or procedures on new or special assignments
Ability to organize and manage projects
Strong analytical skills
Ability to work with tight deadlines and identify priorities in a fast-paced, highly visible environment
Strong people skills, ability to build relationships, collaborative and approachable
Experience with reporting tools and business intelligence tools
Experience with finance decision support and cost accounting systems and methodologies
Experience with Strata or similar finance tool

Nice To Haves

Minimum 2 years' experience in healthcare setting preferred

Responsibilities

Process owner and subject matter expert for cost accounting
Maintenance of cost accounting related dimensions tables in accordance with advanced costing procedures and methodologies
Responsible for accurate and timely completion of cost accounting processes to support monthly cost accounting close cycle.
Develop cost accounting methodologies and derive per-unit costing at the charge-code level
Maintain advanced costing procedures and methods to support institution wide cost management and patient based profitability reporting.
Responsible for RVU collection process, indirect cost allocation, activity-based costing, supply-based costing, and time-driven costing.
Continuously explore, recommend, and implement ways to increase the accuracy of costing, including supplies and pharmaceuticals
Cross functional collaboration with other departments to develop, implement, validate, and maintain data integrity and cost accounting RVUs
Reconcile revenue and expenses in costing to the general ledger on a monthly basis
Maintain a thorough understanding of the flow of data throughout the FP&A and Decision Support systems
Maintain setup of various Decision Support dimension tables (i.e., department/account rollups, hierarchies, etc.)
Process owner for cost accounting RVUs, entries, set-up, maintenance, and optimization and develops and maintains methodology documentation
Cross functional collaboration with other departments to develop, implement, validate, and maintain data integrity
Process owner for outpatient dialysis, Home Health, and professional Anesthesia billing and payment integrations including reconciliation and data integrity.
Understand financial statements, measures, available reports, and analytical tools
Query and analyze financial data
Build metrics and/or other reporting capabilities to Support the organization
Create and provide reports and education as requested
Advanced understanding of Costing (FP&A) processes and inputs
Ability to negotiate and prioritize multiple projects
Partner with other team members and/or individuals outside of Finance to make improvements to Costing (standard reporting)
Assist in preparation and analysis of monthly, quarterly and/or annual service line profitability reports.