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Senior Financial Analyst

Posted 7 days agoViewed

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💎 Seniority level: Senior, 3 years

💸 Salary: 36.83 - 55.29 USD per hour

🔍 Industry: Healthcare

⏳ Experience: 3 years

Requirements:
  • Bachelor’s degree in Business Administration, Finance, or related field, or the equivalent combination of education, training, and experience.
  • 3 years of financial analysis experience within a healthcare setting (e.g., hospitals, physician groups, and incentive compensation.
  • Experience in budget preparation, variance analysis, and financial reporting.
Responsibilities:
  • Prepare and analyze monthly financial statements, including necessary journal entries.
  • Monitor billing activity, develop the annual budget, and track revenue and expense variances.
  • Participate in physician meetings with the Vice President of Finance to include the presentation of financial information.
  • Continuously identify opportunities to optimize revenue and reduce costs.
  • Calculate monthly and/or quarterly physician incentive compensation using billing/encounter reports.
  • Assess the cost-effectiveness of new services and procedures, evaluating third-party payments against incremental costs.
  • Develop financial justifications for staffing changes, office expansions, and capital equipment acquisitions, including lease vs. purchase evaluations.
  • Generate and distribute monthly dashboards for physicians and practices and maintain data visualizations tracking patient volume.
  • Benchmark provider productivity, compensation, and overhead against national, regional, and internal standards.
  • Collaborate with senior leadership on business plans and due diligence for practice acquisitions.
  • Perform other duties as assigned.
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