Financial Analyst, Sr

Halifax Health•Daytona Beach, FL

8d•Onsite

About The Position

Position is primarily responsible for supporting the accurate, timely and efficient processing of provider compensation to include base pay, shift/hourly pay, incentives and any other cash compensation to providers. This may be accomplished through direct analysis and/or the development and support of systems designed to promote accurate and timely payroll. Position will ensure all payments align with contract terms and will coordinate and perform periodic audits and reconciliations as assigned. Additionally, this position may be responsible for evaluating and monitoring provider initiatives as they relate to contracting, compensation, strategic planning, efficiency & recruitment/retention. Additionally, the position may be responsible for coordinating compensation valuations and the commercial reasonableness documentation of arrangements with providers. Expectation is for the development of best practice approaches to carry out responsibilities to ensure compliance with regulatory requirements. In addition, the position will ensure achievement of a cost-effective balance between provider resource needs, costs, and efficiency in support of the achievement of the strategic business plan for each service line of the health system. Interaction with service line management, Physician Arrangements Review Committee, and senior management is critically important to fulfilling responsibilities. The position may also review and/or develop financial evaluations of proposed physician practice acquisitions, including ROI, pay-back period, and similar financial performance measurements. The position may assist with the production of decision support materials related to the operations and initiatives of the physician services service lines as well as leading the thought processes supported by these materials and provides leadership as appropriate for the purpose of achieving system goals and benchmarks. The position assists management with the strategic development, implementation and ongoing management initiatives relating to provider services, and other areas as assigned. The position will assist in identifying efficiency gains as related to processes and procedures to include the development and implementation of solutions. These processes may be related to information technology, other workflows, or other areas as appropriate. As directed, the position will support the business review portion of the Physician Arrangements Review Committee (PARC). On-going training: To ensure the position is current on the latest requirements and approaches for areas of responsibility, on-going training, seminars and peer-to-peer interactions may be required.

Requirements

B.S. or B.A. degree in finance, accounting, or business administration.
Minimum of 5 years of experience in finance, accounting, decision support and/or provider contract management in a health care organization.
Experience with Microsoft Office, EPIC, Workday and any computer-based decision support system.
Knowledge of provider contracting, payroll, finance, benchmarking and financial analysis.
Ability to work in a fast-paced dynamic environment to meet deadlines.
Strong analytical and organizational skills.
Ability to independently develop and analyze alternative solutions and make recommendations.
Ability to work effectively under considerable time pressure on high visibility, high stakes projects.
Strong interpersonal, verbal and written communication skills.
Ability to establish and maintain relationships at all organizational levels.
Ability to work with general supervision and follow directions.

Nice To Haves

Master’s degree in business or health administration.
Extensive experience with Microsoft Excel.

Responsibilities

Support the accurate, timely and efficient processing of provider compensation (base pay, shift/hourly pay, incentives, etc.).
Ensure all payments align with contract terms.
Coordinate and perform periodic audits and reconciliations.
Evaluate and monitor provider initiatives related to contracting, compensation, strategic planning, efficiency, and recruitment/retention.
Coordinate compensation valuations and commercial reasonableness documentation of arrangements with providers.
Develop best practice approaches to ensure compliance with regulatory requirements.
Ensure a cost-effective balance between provider resource needs, costs, and efficiency to support strategic business plans.
Review and/or develop financial evaluations of proposed physician practice acquisitions (ROI, pay-back period, etc.).
Assist with the production of decision support materials for physician services operations and initiatives.
Provide leadership to achieve system goals and benchmarks.
Assist management with strategic development, implementation, and ongoing management of provider services initiatives.
Identify efficiency gains in processes and procedures and develop/implement solutions.
Support the business review portion of the Physician Arrangements Review Committee (PARC).