Senior Financial Analyst, Financial Analyst, or Senior Staff Accountant

This position requires to be onsite a few days in Cedar Rapids, Iowa and has the opportunity to work remotely a few days a week!

Work Shift Day Scheduled  Weekly Hours
40

Summary This position supports Mercy's philosophy of patient centered care by providing accurate financial data and information to managers/administration which allows them to make decisions that directly impact the patient.

Job Description

Job Duties Analyzes, processes and communicates financial information and data for management and administrators

Analyzes revenue, expenses and reimbursement trends

Evaluates business/strategic plans including performing pro forma and other analytics when necessary.

Meets with Managers, Physicians and Administration regarding various financial items

Serves as liaison between the Finance and clinical departments addressing topics such as regulatory and billing updates, CPT and work relative value unit (wRVU) changes, the resulting impact on operating budgets and developing cross department teams, if needed to resolve.

Analyzes potential and current business ventures and major capital investments to determine the project's financial viability.

Analyzes reports and data output from Allscripts/EPSI Decision Support to test data integrity and collaborates with the Cost Accountant to resolve any issues.

Research local/state and national healthcare trends to determine financial impact on service lines and implementing best practices.

Responsible for monthly and quarterly financial and market share reports, utilizing internal and external data sources.

Utilizes continuous improvement processes including LEAN and Six Sigma when reviewing new or existing service line performance.

Analyzes operational effectiveness, emphasizing cost containment without jeopardizing important innovation or quality of care.

Develops and maintains an effective relationship with medical and administrative staff.

Prepares ongoing financial reporting for clinic departments.

Follows Mercy's safety guidelines, carries out job-specific safety duties and responsibilities, and promptly reports any unsafe conditions, situations, incidents and injuries.

Knowledge,

Skills and Abilities

Work record that demonstrates:

In-depth knowledge of hospital and physician billing and reimbursement

Clear, effective written and oral communication skills

Ability to interact with a variety of people in a positive manner

Must be proficient with Microsoft Word, PowerPoint and Outlook Knowledge of medical terminology

Familiarity with MS-DRG, APC, CPT and other classification systems

In-depth understanding of non-profit financial statements

In-depth understanding and ability to calculate key financial indicators such as payback period, breakeven point, internal rate of return (IRR), contribution margin, and net gain and loss

Must demonstrate advanced Microsoft Excel skills including graphs, pivot tables and various formulas

Professional Experience Minimum three years' experience in healthcare required.

Experience with payors, providers and/or hospital setting preferred.

Experience with EPIC electronic health record preferred

Six Sigma Green Belt preferred

Education

Bachelor of Science or Bachelor of Arts in Business Administration required with a major in Business, Health or Public Administration, Management, Accounting, Finance, Economics or related field preferred.

Licensure, Certification, Registration None.

Pay Rate Type Salary Mercy  is an independent, community-based organization supporting the Cedar Rapids area for over 120 years.

Mercy is an equal-opportunity employer. We value diversity, equity, and inclusion and therefore evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status, and other legally protected characteristics.
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