Senior Financial Systems Analyst

Salinas Valley Health

1d • $47 - $57

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Department: Financial Planning & Decision Support The Senior Financial Analyst will partner with Managed Care Contracting and is responsible for providing advanced analytics to meet the strategic financial goals in Salinas Valley Health’s payor contracts. This position interacts with internal and external parties regarding communication/questions about rates and terms, rate structure and development and reconciliation of contract provisions and disputes. This position will evaluate and develop hospital, physician and ambulatory rate proposals and is familiar with various reimbursement methodologies. The candidate should have strong analytical and critical thinking skills to analyze large data sets. This position develops, maintains and provides regular reporting on financial performance of the contracts for contract monitoring, budget and long-range planning, in support of revenue integrity efforts and for contract department performance and accountability review. Additionally, this position will develop “what if” modeling related to expected revenues associated with contract negotiations, including the assessment and evaluation of counter proposals from Health Plans and the impact to hospital financials. The Senior Analyst will function as the Master System User for the Axiom financial system, functioning as a system administrator that manages updates, writes high-level reports, and coordinates system development/fixes. It is also expected that the person in this position has a solid knowledge base in cost accounting and has the ability to become a user of the Salinas Valley Health cost accounting system (Strata). Provides information by assembling and summarizing data; preparing reports; making presentations of findings, analyses, and recommendations. Objectives include development and maintenance of financial reporting: Daily Census & Other Key Indicator Reporting, Financial Metrics and Reporting, Account Receivable Reporting Enhancement, Net Revenue Improvement Tools, Physicians Report Cards, Design of various Decision Support Analytics, and Labor Reports. Responsible for extensive evaluations, reconciliations, and interfacing of various financial and clinical systems including Workday, API Business Analytics, Navigator, and the Axiom Financial System. Improves financial and operational status by analyzing results and variances; identifying trends; recommending actions. Serves as the Master System User for the Axiom Financial System (Kaufman Hall) Develops and designs various budgeting management tools. Prepares and supports the development of the annual operating and capital budget. Uses high level critical thinking skills to create the data extracts from feeder systems. May assist in the maintenance of the Strata cost accounting system. Develops reports and/or extracts data from the Strata system for use in analysis. Prepares and develops profitability reports based on Cost Accounting tools. Prepares and develops tools for auditing vendor contracts and reporting on vendor spending/performance. Performs other duties as assigned in order to enhance the overall efficiency of the Hospital’s record processing and keeping functions including any or all confidential records associated with payroll and accounts payable, and any special projects as assigned. Demonstrates respect and regard for the dignity of all patients, families, visitors and fellow employees to ensure a professional, responsible and courteous environment. Promotes effective working relations and works effectively as part of a department/unit team inter and intra departmentally to facilitate the department's/unit's ability to meet its goals and objectives. Performs other duties as assigned.

Requirements

• A Bachelor Degree in Business, Finance, Accounting, Economics or related major required.
• Three to five years minimum experience in healthcare, health insurance or other similar business that has provided the required experience and skills in finance, including cost accounting and preparation of complex annual operating and capital budgets.
• Experience working independently, managing competing priorities and taking ownership of projects is critical for success in this role.
• Strong Excel skills (i.e., Pivot Tables, Macros, advanced Formulas, etc.) is a foundational requirement for being successful in the Senior Analyst position.
• The position requires the ability to quickly learn new systems and a high comfort level with independently extracting data from cost accounting, budget, and GL systems.

Nice To Haves

• Axiom or other budgeting systems experience is preferred.

Responsibilities

• Provide advanced analytics to meet the strategic financial goals in Salinas Valley Health’s payor contracts.
• Interact with internal and external parties regarding communication/questions about rates and terms, rate structure and development and reconciliation of contract provisions and disputes.
• Evaluate and develop hospital, physician and ambulatory rate proposals and is familiar with various reimbursement methodologies.
• Analyze large data sets.
• Develops, maintains and provides regular reporting on financial performance of the contracts for contract monitoring, budget and long-range planning, in support of revenue integrity efforts and for contract department performance and accountability review.
• Develop “what if” modeling related to expected revenues associated with contract negotiations, including the assessment and evaluation of counter proposals from Health Plans and the impact to hospital financials.
• Function as the Master System User for the Axiom financial system, functioning as a system administrator that manages updates, writes high-level reports, and coordinates system development/fixes.
• Become a user of the Salinas Valley Health cost accounting system (Strata).
• Provide information by assembling and summarizing data; preparing reports; making presentations of findings, analyses, and recommendations.
• Extensive evaluations, reconciliations, and interfacing of various financial and clinical systems including Workday, API Business Analytics, Navigator, and the Axiom Financial System.
• Improve financial and operational status by analyzing results and variances; identifying trends; recommending actions.
• Develop and designs various budgeting management tools.
• Prepare and support the development of the annual operating and capital budget.
• Use high level critical thinking skills to create the data extracts from feeder systems.
• Assist in the maintenance of the Strata cost accounting system.
• Develop reports and/or extracts data from the Strata system for use in analysis.
• Prepare and develop profitability reports based on Cost Accounting tools.
• Prepare and develop tools for auditing vendor contracts and reporting on vendor spending/performance.
• Perform other duties as assigned in order to enhance the overall efficiency of the Hospital’s record processing and keeping functions including any or all confidential records associated with payroll and accounts payable, and any special projects as assigned.
• Demonstrate respect and regard for the dignity of all patients, families, visitors and fellow employees to ensure a professional, responsible and courteous environment.
• Promote effective working relations and works effectively as part of a department/unit team inter and intra departmentally to facilitate the department's/unit's ability to meet its goals and objectives.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level