Overview
CommonSpirit Health was formed by the alignment of Catholic Health Initiatives (CHI) and Dignity Health. With more than 700 care sites across the U.S. & from clinics and hospitals to home-based care and virtual care services CommonSpirit is accessible to nearly one out of every four U.S. residents. Our world needs compassion like never before. Our communities need caring and our families need protection. With our combined resources CommonSpirit is committed to building healthy communities advocating for those who are poor and vulnerable and innovating how and where healing can happen both inside our hospitals and out in the community.
Responsibilities
Participates in financial analysis tasks of varied nature and depth, including cost accounting, Medical Group financial & variance reporting and support, budgeting, and various other ad hoc reporting and analytical projects, as well as providing mentorship to the junior members of the Finance Team.
Position Responsibilities:
1. Serve as the Finance Department point person for assigned Medical Group Clinics/Markets. Provide ad-hoc reporting and in-depth financial analysis to support the needs and requests of the Medical Group Clinic Operations Directors and VPs. Research trends and variances, and identify potential threats and vulnerabilities to the financial performance of the Medical Group. Make recommendations to Senior Management for action to improve such vulnerabilities and follow through on implementation of recommendations. Create and maintain the financial review framework to be used by the other analysts in the Medical Group financial analytical process. Create and manage the distribution of the monthly Medical Group financial reports for all Clinics and Markets.
2. Work with clinic & practice managers to review the accuracy of Relative Value Units (RVUs) & clinic expenses, thus ensuring the appropriate allocation of revenues & clinic costs to services provided, and accurate production payments to Providers. Perform monthly mapping of department charge codes to the appropriate statistic accounts. Perform the monthly reconciliation of data in the financial database to the source systems (EMRs and General Ledger). Create monthly clinic budgets to monitor actual clinic financial and staffing results compared to volume adjusted expectations. Monitor clinic costs and assist clinic managers interpret their financial results. Provide training and assistance to the junior analysts in the department.
3. Assist in the annual operating budget development. Serve as the Finance department main contact for assigned clinics/markets. Assist in Medical Group's executive teams' development of volume assumptions used in the budget process. Provide system training to clinic managers and assist in data input and reporting. Provide year-round support to assigned clinics/markets in interpreting financial results and analyzing variances.
4. Develops pro forma's and business cases for potential new providers, clinic acquisitions, and services lines in the Medical Group.
5. Researches, gathers, and summarizes financial data, identifies potential problems and solutions.
6. Develops and prepares routine and special finance and audit reports, as needed.
7. Serve as a mentor to the junior analysts in the department. Provide training on budgeting and cost accounting techniques as well as advice on approaches for various analytical projects.
8. Perform special financial projects of a diverse nature as requested by Management.
Qualifications
Education Level
*Bachelor's Degree - Finance or related field
Knowledge, Skills, and Abilities
*Proficiency in Excel and Word
*Strong written and oral communication skills to interact with all levels of hospital management
*Able to work relatively independently
*Able to work under pressure to meet multiple deadlines simultaneously as well as flexible enough to change direction with responsibilities beyond the normal scope are assigned.
Experience
Two (2) years of finance related experience, preferably in a healthcare/ambulatory setting.
