Financial Analyst II

Owensboro Health

5d•Onsite

About The Position

Provides advanced financial analysis and decision-support related to managed care contracts, reimbursement methodologies, and payer performance. This role supports Managed Care leadership, Financial Services, and operational departments by analyzing data, modeling financial impacts, preparing reports, and assisting with the evaluation and monitoring of managed care agreements. The position also supports budgeting, forecasting, and strategic initiatives that impact reimbursement and contract performance.

Requirements

Requires critical thinking skills and decisive judgment.
Works under general supervision.
Must be able to work in a stressful environment and take appropriate action.
Requires a strong understanding of the specialized concepts, practices, and procedures in the area of specialization.
A minimum of 2 years' relevant experience required
Bachelor's degree or higher in Accounting, Business Administration, Finance or related field as determined by the organization required upon hire.
A combination of education, training and experience may be considered in lieu of degree.
No licensure/certification/registration required

Responsibilities

Performs statistical, cost, and financial analysis of data to evaluate managed care contract performance, reimbursement methodologies, and revenue impacts.
Analyzes and monitors financial aspects of existing managed care agreements, identifying trends and providing recommendations for renewals, renegotiations, or participation decisions.
Prepares financial reports, forecasts, and modeling related to payer reimbursement, provider contracts, profitability, and health care cost trends.
Supports the development, evaluation, and implementation of managed care contracts and reimbursement structures in collaboration with Managed Care leadership.
Assists in loading and maintaining contract terms, rates, and fee schedules within financial and decision-support systems.
Collaborates with clinical, administrative, and financial departments to communicate contract details, address operational issues, and support decision‑making.
Monitors payer performance and payer contract compliance, regulatory changes, and marketplace developments affecting reimbursement.
Researches and analyzes payer trends, providing data‑driven insights for leadership presentations, committees, and strategic planning.
Performs special projects, financial research, and forecasting assignments as needed, ensuring quality and timely deliverables.
Proofreads, redlines, edits, and formats managed care contracts, exhibits, and amendments.
Ensures accurate distribution of executed agreements, exhibits, fee schedules, and operational updates.
Maintains accurate and organized electronic repositories of all contracts, fee schedules, participation information, and payer correspondence.
Tracks all contract activity, effective dates, renewal cycles, term notifications, redline versions, and implementation timelines.
Maintains positive and professional working relationships with payer contacts, ensuring timely, organized, and clear communication.
Facilitates or supports payer operational meetings, including developing agendas, preparing meeting packets, taking minutes, and tracking follow‑up actions.
Supports Managed Care leadership with committee preparation, meeting coordination, presentations, and follow-up tracking.