CAH - FINANCIAL ANALYST

North Star Health Alliance•Carthage, NY

10d

About The Position

Carthage Area Hospital is seeking a detail-oriented Financial Analyst to join its finance team. The role analyzes clinical and financial data, evaluates operational efficiency, and prepares forecasts to support strategic decision-making across the healthcare organization. It supports revenue cycle performance, departmental budget monitoring, cost-structure evaluation, and compliance with regulatory standards. The position collaborates with department leaders on annual operating budgets and capital plans, maintains rolling forecasts, analyzes payer reimbursement and service-line profitability, and develops financial models for strategic initiatives. It also prepares financial reports for department heads and executives, benchmarks operational performance, and assists with regulatory reporting and audit preparation.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, Healthcare Administration, or a related quantitative field.
2–5 years of experience in financial analysis, ideally in a hospital, healthcare system, physician practice group, or health insurance environment.
Advanced proficiency in Microsoft Excel, including financial modeling, pivot tables, complex formulas, XLOOKUP, and data tables.
Hands-on experience with healthcare ERP and financial tools such as Workday, Oracle, Epic, Cerner, Meditech, Hyperion, or Axiom.
Ability to synthesize complex clinical, financial, and volume data into actionable strategic insights.
Ability to communicate complex financial concepts clearly to non-financial clinical leaders and operational stakeholders.
Proactive problem-solving skills, including identifying financial discrepancies and recommending process improvements.
Strong interpersonal and collaboration skills to build trust across clinical, operational, and administrative departments.

Nice To Haves

Master’s degree (MBA, MHA, or MSF) or a relevant certification such as CHFP, FHFMA, or CFA.
Proficiency with business intelligence and reporting tools such as Power BI, Tableau, or SQL.
Solid understanding of healthcare accounting practices, reimbursement methodologies (DRGs, CPT/HCPCS, RVUs, Capitation, and Value-Based Care), and HIPAA compliance guidelines.

Responsibilities

Perform monthly variance analysis comparing budget with actual operating expenses, revenues, and volume metrics such as patient bed days, outpatient visits, and procedure counts.
Prepare routine and ad hoc financial reporting packages for department heads and executive management.
Monitor KPIs including Net Patient Revenue, Days in AR, and operating margins.
Collaborate with department leaders to develop annual operating budgets and capital plans.
Maintain rolling financial forecasts incorporating patient volume trends, seasonal adjustments, and reimbursement rate updates.
Analyze reimbursement data across Medicare, Medicaid, commercial, and self-pay payer mixes.
Conduct cost accounting and service-line profitability analyses to identify efficiencies and cost-reduction opportunities.
Develop financial models for strategic initiatives, including provider productivity and wRVU tracking, lease-versus-buy decisions, and business case evaluations.
Benchmark operational performance and unit costs against industry peers and regional healthcare standards.
Assist with regulatory financial reporting and audit preparation.