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Hoag Health System - Costa Mesa, CA

posted 3 months ago

Full-time - Mid Level
Costa Mesa, CA
Hospitals

About the position

The Financial Analyst III (Cost Accounting) plays a crucial role in the development and implementation of the organization's strategic and financial planning. This position ensures the provision of timely and accurate financial information to management, supporting the overall mission of the department and organization. The analyst will engage in various financial activities, including budget creation, financial analytics, and collaboration with leadership on operational projects, while maintaining professionalism in all communications and conduct.

Responsibilities

  • Assist in the creation and reconciliation of the operating budget.
  • Support institutional and medical management with ad hoc financial analytics and support.
  • Conduct quarterly reviews with managers of productivity measures and department financials.
  • Collaborate and develop action plans with executive leadership on various operational projects.
  • Lead projects or tasks and train new staff as required.
  • Demonstrate a comprehensive understanding of hospital costing processes, including RVUs, RCC, SBC, and TDABC.
  • Contribute to the costing process through auditing, detailed reviews, and in-depth analysis.
  • Analyze patient-level data, including patient accounts, charges, diagnosis codes, and procedure codes.
  • Prepare and present monthly and quarterly profitability reports to clinical service leaders.
  • Effectively communicate financial concepts and analytics to non-financial management audiences.
  • Represent finance in committees where financial reports are presented.

Requirements

  • Bachelor's degree in accounting/finance preferred or other related field.
  • Minimum of 5+ years' experience as a financial analyst or healthcare experience desirable but not mandatory.
  • 2 years of experience in cost accounting.
  • Proficiency in MS Word, Excel, PowerPoint.
  • Familiarity with Strata (decision support tool) and/or Lawson preferred.
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