Healthcare Financial Analyst I

Schedule: Monday - Friday

Salary: $28.30 - $38.91 Depending on Qualifications

JOB PURPOSE: The Healthcare Financial Analyst I is responsible for performing financial analysis beginning with simple analysis and growing skills to handle financial analysis of varying complexity.

Essential Job Functions:

Financial Analysis:

• Revenue Analysis: Analyze revenue patterns and reimbursement rates and identify areas where improved revenue capture can be implemented. Assist business partners in understanding their revenue drivers.
• Spending Analysis: Analyze spending patterns, track expenses, and identify areas where cost-savings can be implemented.
• Data Integrity Analysis: Analyze expenses incurred by departments and ensure proper expense allocation.
• Pro Forma Analysis: Develop pro forma financial statements to support business decision making.

Budget Development and Monitoring:

• Budget Creation: Actively participate in developing budgets for various departments.
• Budget Monitoring: Monitor actual revenue and expenses against budgeted amounts and assist business partners in understanding financial performance.

Financial Modeling:

• Forecasting Models: Prepare models to predict future financial performance.
• Dynamic Models: Capture the impact of changing variables on financial outcomes.
• Cost-Benefit Analysis: Evaluate the costs and benefits of specific operational decisions.
• Probability Analysis: Assess the likelihood of different financial scenarios.
• Sensitivity Analysis: Explore how changes in key variables affect financial results.

Supply Chain Management:

• Analyze costs related to medical supplies and evaluate vendor contracts.

Cash Flow Management:

• Monitor cash inflows and outflows to ensure liquidity and maintain financial stability.

Contract Management:

• Analyze contracts with vendors and track performance against contractual obligations.

Medicare Cost Reporting:

• Collect data and support or prepare Medicare cost report annual filing.

Presentations:

• Present information in easy-to-understand format to business partners.

Collaboration:

• Work effectively with the analyst team, accounting team, and operating departments.

Minimum Education and Experience:

• Bachelor’s Degree in Accounting, Finance or related field from an accredited institution.
• One year’s experience in accounting or finance; preferably in a healthcare environment.

Required Licenses, Certifications, and Registrations:

• Level I fingerprint clearance card or have applied for it.
• Reliable transportation and valid driver’s license.

Preferred Education, Experience, Skills, Abilities:

• One year accounting experience in healthcare settings.
• Bilingual (English/Spanish) ability.

Reasonable accommodations may be made to enable individuals with disabilities; known limitations related to pregnancy or sincerely held religious beliefs to perform the essential functions of the job.

El Rio Health is a non-profit 501(c)(3) Federally Qualified Health Center (FQHC).