Financial Analyst

SpecialtyCare Associate Referral Program•Brentwood, TN

1d•Hybrid

About The Position

SpecialtyCare is expanding its FP&A team and has an opportunity for a Financial Analyst to join their financial professionals. The role involves working directly with operational leadership on strategies to improve profitability of markets, improve staffing efficiencies, and identify cost reduction opportunities, as well as providing monthly analysis of performance to budgetary targets and prior year. This is a hybrid opportunity at their corporate office in Brentwood, TN. They are open to staff or senior level candidates with 3-5 years of experience. Healthcare experience is a plus.

Requirements

Bachelor’s degree in a related field.
3 (three) years of analyst experience.
Equivalent combination of education and experience.
Intermediate to advanced ability to operate Excel.
Ability to perform work accurately and thoroughly.
Ability to pay attention to the minute details of a project or task.
Ability to understand and explain economic and accounting information, prepare and manage budgets, and make sound long-term investment decisions.
Proficient with a computer and good knowledge and understanding of MS office programs, and email.
Proficient with general office equipment.

Nice To Haves

Healthcare experience is a plus.
Ability to operate PeopleSoft, preferred.

Responsibilities

Provide all financial support for contract renegotiations and repricing for any assigned hospitals on an as needed basis including: Providing financial history (where available) that includes contribution margin, procedure counts, equipment listings, sales analysis and staffing estimates.
Complete “first pass” of the financial projection model based on historical information.
Work with key negotiator to develop pricing strategy and forecasts financial outcomes based on pricing and cost assumptions.
Work with key negotiator and contract administrator to ensure contract reflects SpecialtyCare’s pricing strategy.
Perform monthly operational reviews with key negotiators to identify the key drivers of variances in financials as compared to budget.
Recommend and suggest improvements in pricing, staffing, use of materials, etc that would drive company-wide financial improvement.
Provide financial analysis support for senior leaders.
Compile business reviews to Operations for presentation to hospital leadership.
Perform ad hoc corporate statistical and financial analysis as required by management.
Perform financial analysis and financial projections for new business opportunities.
Prepare trend analysis on cash collections and procedure counts from third party billing (TPB).
Prepare supporting documentation and analysis for TPB related hospital contracts.
Perform analysis related to TPB hospital contract provisions, such as cash collections or revenue guarantees, and four month look-back provisions for rebilling hospitals.
Assist in compilation of third party accruals based on knowledge of contracts with both facilities and payers.
Assist with preparation of the annual budget that meets the organization’s financial targets.
Live the SpecialtyCare Values – Integrity, Teamwork, Care & Improvement.
Other duties as assigned.