Fp & Analytics Anlst Iii

Financial Planning & Analytics Analyst, Financial Analytics

Full Time, 80 Hours Per Pay Period, Day Shift

Covenant Health Overview:

Covenant Health is the region’s top-performing healthcare network with 10hospitals,outpatient and specialty services,and Covenant Medical Group, our area’s fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned integrated healthcare delivery system and the area’s largest employer. Our more than 11,000 employees, volunteers, and 1,500 affiliated physicians are dedicated to improving the quality of life for the more than two million patients and families we serve every year.

Covenant Health is the only healthcare system in East Tennessee to be named a Forbes “Best Employer” seven times.

Position Summary:

The Financial Planning and Analytics Analyst, III is responsible for interacting, consulting, and educating leadership across the system to accomplish financial management goals. Responsible for the delivery and results of various elements of financial reporting to enterprise leadership, simultaneously working closely with leadership to deliver the highest quality tools and reports, while helping leadership maximize financial operations. Responsible for the development, implementation, and maintenance of the financial decision support and benchmarking systems.

Reviews past and present financial performance and develops models that assist management in understanding the financial impact of business decisions. This position not only requires a deep understanding of a variety of important datasets, but also the ability to make large and/or complex data more accessible, understandable, and usable to leaders within the enterprise.

• Supports the financial planning and analytics team and serves as an analytical leader within the enterprise. Serves as resource for financial proforma and model development, preparing and coaching others on standard elements of financial projections and modeling various scenarios as needed to optimize organizational decision making. Works closely with other departments and enterprise leaders to perform financial modeling and provide various reports from decision support, as needed, or requested.
  
  Serves as a backup for department leadership.
• Analyzes current and past trends in key performance indicators including areas of revenue, cost of services, expense, and capital expenditures. Assist with monthly financial reporting process. Proactively identifies opportunities for improvement across the enterprise and serves as a change agent to achieve improved results.
• Implements and maintains financial modules of decision support systems, including but not limited to productivity, contract analytics, market share, and costing modules. Ensures that all necessary data is updated annually or when operational changes dictate, including but not limited to changes in governmental reimbursement, fee schedule and rate updates for managed care payors, costing updates, and changes in productivity data elements.
  
  Provides additional analysis as necessary. Actively engages in self-directed learning to deepen knowledge and understanding of decision support tools.
• Audits and identifies financial data integrity issues within various decision support systems. Ensure that all financial data is reconciled to its source. Ensures appropriate mapping of data elements used in decision support such as transaction code mapping, insurance plans, department, payroll, and statistics for purposes of cost accounting, analytics, and productivity management. Collect accurate operational data from department leaders, including but not limited to job code fixed/ variable information, RVU’s, and allocation…