Position Summary:We have an exciting opportunity to join our team as a Sr Financial Analyst (Governmental Reimbursement).
In this role, the successful candidate with the Decision Support, Strategy & Governmental Reimbursement Team (DSS & Gov) Overview:
The Decision Support team is an essential asset to the health system, providing Cost Accounting, benchmarking, regulatory reimbursement, and analytical services to inform sound business decisions across the institution. The team's reimbursement function encompasses Medicare and Medicaid cost report preparation, third-party payer analysis, government program compliance, and revenue optimization strategies. The team is comprised of 25 FTEs and supported by a fully dedicated IT group. The Decision Support team partners directly with clinical, operational, and cross-functional teams across the enterprise to inform and assist in the achievement of institutional goals.
Under the guidance of the Assistant Director of Governmental Reimbursement, the Senior Financial Analyst (SFA) is responsible for providing comprehensive accounting and financial analysis in support of the Reimbursement Department. This role plays a critical part in ensuring the accurate and timely preparation of regulatory cost reports, government program submissions, and third-party reimbursement analyses. The SFA will collaborate cross-functionally with Finance, Revenue Cycle, Treasury, and clinical departments to optimize reimbursement outcomes while maintaining strict compliance with applicable federal and state regulations. This position requires strong analytical capabilities, proficiency in advanced data tools and financial systems, and the ability to manage complex datasets and regulatory requirements in a dynamic healthcare environment.
Job Responsibilities:Cost Report & Regulatory Submissions- Assist in the preparation and filing of the NYS Institutional Cost Report (NYSICR) and Medicare 2552 cost report submissions.
- Prepare exhibits and schedules related to expenses, operating revenues, reclassifications, recoveries, and statistical allocations.
- Prepare and submit monthly NYS DOH pool submissions accurately and on a timely basis.
- Assist in the completion of routine and special regulatory reports and surveys.
- Assist in submitting Medicare and Medicaid provider enrollment applications and supporting documentation in compliance with CMS regulations, state Medicaid agency requirements, and applicable local guidelines.
Financial Analysis & Revenue Accrual- Facilitate the analysis of third-party rate accounts and payer contracts.
- Assist in the calculation of monthly Medicare revenue accruals by updating PS&R and patient statistical data.
- Reconcile and summarize cash receipt amounts detailed on Treasury department reports.
- Support the gathering and compilation of quarterly physician time studies.
Audit & Compliance Support- Participate in both internal and external audits by providing supporting documentation in a timely manner.
- Maintain trustworthiness and integrity; respect and uphold the confidentiality of all financial and patient information.
- Package and summarize analytical findings with clear understanding of results and thoughtful recommendations
Analytical Excellence & Operational Initiative - Independently develop analytical frameworks for large, complex data sets and exercise discretion and judgement in analytical approach
- Proactively communicate to management any arising issues or barriers to meet timelines/deliverables
- Identify opportunities for continuous improvement (e.g. improving data integrity, process flow); act independently on resolving / improving
- Demonstrate initiative for taking on new tasks or responsibilities. Exhibits creative thinking by suggesting alternative and innovative solutions to problems encountered
Minimum Qualifications:To qualify you must have a Bachelors degree with a major in a business subject (e.g. accounting, finance, economics) and 3-5 years of related experience.
Other minimum qualifications include: excellent oral and written communication skills, analytical skills, problem solving skills, and a comprehensive knowledge all applications within Microsoft Office; specifically with Excel..
Preferred Licenses: Certified Public Accountant
Preferred Qualifications:Master's degree or CPA with specific experience in hospital reimbursement, cost report preparation designation a plus.
High-level of proficiency in Excel
Extensive experience in data transformation/manipulation
Basic understanding of database relationships and structures
Experience in Business Intelligence/visualization tools (i.e. Tableau, Power BI)
Familiarity with AI-assisted tools for data analysis, research, and workflow automation (e.g., ChatGPT, Claude, Copilot)
Qualified candidates must be able to effectively communicate with all levels of the organization.
NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.
At NYU Langone Health, we are committed to supporting our workforce and their loved ones with a comprehensive benefits and wellness package. Our offerings provide a robust support system for any stage of life, whether it's developing your career, starting a family, or saving for retirement. The support employees receive goes beyond a standard benefit offering, where employees have access to financial security benefits, a generous time-off program and employee resources groups for peer support. Additionally, all employees have access to our holistic employee wellness program, which focuses on seven key areas of well-being: physical, mental, nutritional, sleep, social, financial, and preventive care. The benefits and wellness package is designed to allow you to focus on what truly matters. Join us and experience the extensive resources and services designed to enhance your overall quality of life for you and your family.
NYU Langone Health provides a salary range to comply with the New York state Law on Salary Transparency in Job Advertisements. The salary range for the role is $84,577.92 - $86,100.00 Annually. Actual salaries depend on a variety of factors, including experience, specialty, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.
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