- Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance.
- Effectively and proactively communicates with all stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics.
- Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports.
- Reviews revenue projections, budget revisions, etc., for physician practice, academic department or assigned hospital entity and department(s).
- Monitors and reports key system operational indicators and alerts leadership potential performance issues.
- Follows all internal audit requirements for appropriate system applications.
- Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities.
- Performs one or more of the following:
- Supports the development of auditing, reporting and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance and contract performance as well as modeling and analysis of potential opportunities.
- Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization profit and loss statement as required.
- Reviews contracts/calculates provider productivity bonuses/compensation models as appropriate.
- Assists in preparation of gift, grant and contract budget proposals as needed. Assists in the oversight of department's financial files for all grants, contracts, and donor funding and verifies that all faculty, staff and research personnel are charged to the appropriate funding source via submission of a salary reallocation form as appropriate.
- Utilizes resources effectively and efficiently, demonstrating financial stewardship. Manages own time effectively and prioritizes work to achieve maximum results in a timely manner.
- Maintains procedures and Standards of Practice (SOP's) for reconciliation process.
- Maintains working knowledge of cost accounting system, clinical trials management systems or others and their relationship to other financial and non-financial systems. Maintains working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable.
- Proactively manages own career development. Completes My Development Plan (MDP).
- Bachelor's degree in finance, accounting, healthcare administration, business administration or related field
- One year experience of financial, budget or cost accounting preferred
- N/A
- Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations.
- Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security.
- Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles.
- Analytical thinking and creative problem solving and ability to define a variety of approraches to business problems
- Understanding of business process analysis, system requirements, data modeling and functional design
- Project Management skills
- Uniform No
- Scrubs No
- Business professional Yes
- Other (department approved) No
- No
- On Call
- No
- May require travel within the Houston Metropolitan area No
- May require travel outside Houston Metropolitan area No
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Financial Analyst - Houston, United States - Houston Methodist
Description
At Houston Methodist, the Financial Analyst position is responsible for maintaining and analyzing data related to the financial performance of the assigned entity, hospital(s), and/or contractual relationship.
The primary responsibility of this Analyst will be to build clinical trial budgets for sponsored and internally funded clinical trials, working closely with the clinical research teams.
The Analyst is also responsible for compiling and reporting information as requested by Financial Accounting, Internal Audit, Revenue Cycle, their department, and entity management.
The Financial Analyst highlights performance issues, identifies problems and researches solutions. Reports statistical information in graphical and other presentation formats.Other responsibilities may include the assistance with annual operating budgets and maintenance of monthly dashboards of key indicators and external benchmarks.
Requirements:
PEOPLE ESSENTIAL FUNCTIONS
SERVICE ESSENTIAL FUNCTIONS
QUALITY/SAFETY ESSENTIAL FUNCTIONS
FINANCE ESSENTIAL FUNCTIONS
This job description is not intended to be all-inclusive; the employee will also perform other reasonably related business/job duties as assigned.
Qualifications:
EDUCATION
WORK EXPERIENCE
SUPPLEMENTAL REQUIREMENTS
WORK ATTIRE
TRAVEL
Travel specifications may vary by department
Company Profile:
The Houston Methodist Academic Institute team science approach bridges the boundaries between medical specialties and research and development labs to advance the practice of medicine and population health.
We innovate in health care delivery and technology by streamlining the path discoveries take into the clinic with inventive development and adoption practices.
Our teams are also dedicated to training clinicians and researchers from around the world in translational medicine and advanced technology.
Houston Methodist's primary academic affiliates are top-ranked Weill Cornell Medical College and the Weill Cornell Graduate School of Medical Sciences for faculty appointments and graduate programs offered on our Houston campus.
The Institute oversees 600,000 sq ft of dedicated space and the administrative and operational infrastructure for basic and applied research and clinical trials, including more than 20 advanced tech core facilities, extramural funding management, regulatory and legal strategy and compliance, and product development and commercialization.
This infrastructure is fully integrated with our hospital systems and supports more than 50,000 learners, 700 faculty, 2000 credentialed researchers, 6,000 research projects and clinical trials that creates innovative breakthroughs in human disease and the practice of medicine every day.
Equal Employment OpportunityHouston Methodist is an Equal Opportunity Employer.
Equal employment opportunity is a sound and just concept to which Houston Methodist is firmly bound.
Houston Methodist will not engage in discrimination against or harassment of any person employed or seeking employment with Houston Methodist on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or other characteristics protected by law.
VEVRAA Federal Contractor - priority referral Protected Veterans requested.
