OVERVIEW: Financial and decision-support professional experienced in budgeting, financial modeling, profitability analysis, cost accounting, and market analysis within healthcare. Provides data-driven insights and strategic reporting to support executive decision-making, improve financial processes, and drive operational performance.
SCHEDULE: Hybrid, Full-Time, 40 hours per week.
ESSENTIAL DUTIES AND RESPONSIBILITIES - Assists in the completion of the capital and operating budgets. This may include financial analysis of changes in reimbursement, revenue per unit of service, other pricing changes, or expenses
- Prepare key financial analysis: benchmark reporting and studies, product line reporting, financial projections, profitability analysis, payor analysis, business plans, pricing analysis, and cost center reporting.
- Assists the Decision Support team in the development and creation of pro-forma and other profit and loss analysis utilizing a variety of data intelligence tools.
- Prepares business/market analyses of current and potential service areas, including market share analysis, demographics, payer, utilization, patient origin, and physician need assessments. Researches and compiles information needed for internal and external reports for presentation to executive management, the Board of Directors, and outside consultants. Educate finance staff, management, and executive leadership on various financial topics. Train operational staff on the use of the systems. Serve as a resource to department managers and Mercyhealth executives in the interpretation of financial information. Train and develop other finance staff on the use of various software applications including the decision support system and the cost accounting system. Work directly with financial staff to ensure the accuracy of the financial systems.
- Manages organizational survey projects through all phases, including research design, questionnaire development and completion, sample selection, data analysis, and reporting, such as IDPH annual hospital questionnaire, AHA hospital survey, hospital association surveys, and other organizational surveys.
- Uses sophisticated planning, analytical, and research tools to ensure provision of a quality product. Develops analyses, databases, and other tools for more efficient management of information. Identifies new analysis and research methodologies, tools, and resources.
- Performs other data collection, ad hoc analysis and duties, as assigned.
- Establish and maintain various databases, to ensure the integrity of the data, and be able to interpret the financial data or results. (Knowledge of StrataJazz, Microsoft Access, Crystal reporting, and SQL a plus)
- Communicate effectively with leadership on financial results, analysis, or reporting and assist with operational improvements.
- Develop and maintain financial models and templates to be distributed system-wide to ensure quality and consistency.
- Maintain the cost accounting system used in decision support. This includes working with leadership to establish overhead allocations, RVUs, and reclass/adjustments.
EDUCATION AND/OR EXPERIENCE Bachelor's degree in Accounting, Finance, Business, or other related field, with 2 years of healthcare experience. Master's degree preferred.
CERTIFICATION/LICENSURE N/A
OTHER SKILLS AND ABILITIES Knowledge of healthcare reimbursement programs, coding, and billing preferred.
LEVEL OF SUPERVISION N/A
SUPERVISES N/A
PAY RANGE:$73,107.50 - $113,316.63
Mercyhealth offers competitive pay and a comprehensive benefits package including:
- Medical, Dental, Vision
- Life & Disability Insurance
- FSA/HSA Options
- Generous, accruing paid time off
- Paid Parental and caregiver leave
- Career advancement and educational opportunities
- Tuition and certification reimbursement
- Certification Reimbursement
- Well-being Programs
- Employee Discounts
- On-Demand Pay
- Financial Education
- Annual recognition/awards events
- Partner appreciation days
- Family entertainment/attractions discount
- Community service/improvement opportunities
Click here for more details regarding Mercyhealth Careers Benefit Information.
