Analyst - Healthcare Financial Analyst I

Salary: $28.30 - $38.91
Schedule: Monday through Friday

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, including but not limited to, provider FTE productivity, revenue by payer mix, revenue per encounter, prescription revenue and revenue per prescription.
• Spending Analysis: Analyze spending patterns, track expenses, and identify areas where cost-savings can be implemented. Assist business partners in understanding their cost drivers, including but not limited to FTEs, clinic supplies, and drug supplies.
• Data Integrity Analysis: Analyze expenses incurred by departments to assist business partners in understanding their department expenses and ensure that expenses are charged to the proper department. Facilitate corrections as necessary through collaboration with business partners and the accounting team.
• 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 within the organization using revenue and expense drivers appropriate to the departments. Assist business partners in developing their budgets to meet organizational goals by allocating resources effectively.
• Budget Monitoring: Monitor actual revenue and expenses against budgeted amounts. Identify, research, and explain discrepancies and variances. Assist business partners in understanding financial performance compared to budget so they can troubleshoot results and make pivots as necessary to meet budget expectations.
• Financial Modeling:
• Forecasting Models: Prepare forecasting models to predict future financial performance based on historical data and assumptions.
• Dynamic Models: Capture the impact of changing variables on financial outcomes.
• Cost-Benefit Analysis: Evaluate the costs and benefits of specific operational decisions and capital investments.
• 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, medical equipment, and pharmaceuticals. Evaluate vendor contracts and determine financial impact of vendor options. Assist Supply Chain leaders in identifying opportunities to optimize supply chain efficiency.
• Cash Flow Management: Monitor cash inflows and outflows to ensure sufficient liquidity for day-to-day operations and maintenance of financial stability. Prepare quarterly and annual cash flow forecasts.
• Contract Management. Analyze contracts with vendors, payers, and other stakeholders. Assess contract terms and track performance against contractual obligations.
• Medicare Cost Reporting: Collect data, analyze reasonableness, support, or prepare Medicare cost report annual filing.
• Presentations: Present information in easy-to-understand format to business partners and collaborators.
• Collaboration: Work effectively with the analyst team, accounting team and operating departments to support business decision making efforts.
• Maintains a clean, safe, and hygienic work environment in compliance with all Policies and Procedures including but not limited to work areas, workstations, examination rooms, hand washing, infection prevention and control etc. for this position.
• Demonstrates an understanding of and proficiency with the application of all compliance and reporting requirements respective to Joint Commission Certification (JCC) standards.

Minimum Education and Experience:

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

If applicable, equivalent combination of education and experience may be considered, and must be directly related to the functions and responsibilities of the job.

Required Licenses, Certifications, and Registrations:

• Level I fingerprint clearance card: current valid and in good standing or have applied for it within seven working days after beginning employment.
• Employees in this position are required to have reliable transportation that can meet any operational reassignments of the organization during the workday. If an employee is driving during work hours, the employee is required to possess a valid driver’s license and must comply with Arizona vehicle insurance requirements.

Preferred Education, Experience, Skills, Abilities:

• One year accounting.
• Accounting in a health care organization, preferably in physician offices or health care payer organizations.
• Financial analysis in a health care organization, preferably in physician offices or health care payer organizations.
• Federally Qualified Health Center experience.
• Bilingual (English/Spanish) with the ability to speak, read and write in both languages.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
El Rio Health does not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity or expression, age 40 and over, disability, genetic information, military status, ancestry, marital status, familial status, or any other status protected by law or regulation. It is our intention that all qualified applicants be given equal opportunity and that selection decisions are based on job-related factors.
El Rio Health requires all employees (except those 100% working remotely) to have a Level One Fingerprint Clearance card. A.R.S. 36.425.03. If the prospective employee does not possess this prior to hire, fingerprint application must be completed within 7 days post hire.
All employees are strongly recommended to obtain COVID 19 and maintain vaccination status (i.e. as recommended by CDC and/or other public health agencies) to include an Influenza vaccination. Personnel who decline to receive COVID 19 and/or flu vaccination per most recent CDC recommendations will be recommended to wear a facemask while in an El Rio Health facility, including both clinical and non-clinical areas from November 1 to April 30 (subject to change depending on viral activity). Subject to exemptions and accommodations when required by law.
All employees are required to undergo drug testing prior to employment and, will be subject to post-accident, reasonable suspicion, return to duty and follow up drug and alcohol testing in compliance with Federal and State regulations for alcohol and controlled substance testing. Employees in positions holding responsibility for the safety and welfare of others will also be classified as safety sensitive.
El Rio Health is a non-profit 501(c)(3) Federally Qualified Health Center (FQHC) and abides by all applicable federal Drug-Free Workplace standards. El Rio Health is an equal opportunity employer.