Financial Analyst- ONSITE at Westchester Medical Center – Valhalla, New York

Job Summary: The Financial Analyst applies principles of accounting to analyze and record financial information and prepare reports by compiling information and utilizing accounting control procedures.

Responsibilities:

• Interact with internal and external parties to produce, distribute, and present both regular reports at fixed calendar intervals and ad-hoc analyses related but not limited to:

• Medical practice financials.
• Professional billing revenue cycle reporting for historical and projected payments, billed charges, AR, payor mix, billing throughput and other performance statistics.
• Physician and Mid-level provider productivity, utilization, patient referrals, Benchmarking.
• Routine revenue integrity audits.
• Inter-WMC Health Network entity related expense and revenue allocation.

• Serve as a subject matter expert for all financial, EMR/Billing and other decision support systems, including maintenance and delivery of current data download routines, report writing/query procedures, and knowledge of all data elements available.
• Recommend, develop and maintain financial databases, computer software systems and data filing systems and processes.
• Prepare and review budget, revenue, expense, payroll entries, invoices and other accounting documents.
• Review invoices and coordinate payment through Accounts Payable.
• Develop the annual operating budget and consult with departmental management on the fiscal aspects of program planning, salary recommendations and other administrative actions.

• Assist in due diligence and onboarding process for new provider / practice acquisitions.

• Perform productivity and financial analyses on new groups to determine appropriate compensation and forecast financial performance.
• Coordinate with practice operations and physician leaders to develop and oversee transition plan for capital assets, existing leases, service contracts and vendors.

• Maintain existing portfolio of Inter-WMC Health Entity agreements and develop models for new agreements in order to forecast, track and reconcile financial impact of agreements and communicate with appropriate network finance parties.
• Other regular duties and projects as assigned.

Qualifications/Requirements:

Experience: Healthcare finance experience highly preferred.

Education: Bachelors degree, required. Masters degree, preferred.

Licenses / Certifications: N/A

Other:

Special Requirements: Intangibles – The ideal candidate:

• Displays industry specific knowledge and has experience with healthcare finance, medical practice operations and professional billing.
• Knowledge of finance, accounting, budgeting and cost control principles including Generally Accepted Accounting Principles.
• Has demonstrated proficiency in Microsoft Excel. Preferred experience with Access/SQL Databases, Cerner Millennium or other EMR/Billing system, ERP/Finance systems
• Exhibits independent decision making within the scope of job duties.
• Displays critical thinking to proactively diagnose root cause of issues and develop solutions.
• Has the ability to independently obtain, vet, analyze, and accurately summarize data using all tools available.
• Clearly and accurately communicate data, report results, and other findings both in writing and verbally.