at Mercy Health Corporation (Mercyhealth) in Rockford, Illinois, United States
Job Description
Overview
Responsible for financial analysis, benchmarking initiatives, new and existing program evaluation, and business plan development using financial and data analysis techniques and tools.
Responsibilities
Essential Duties and Responsibilities
Assists in the completion of the capital and operating budgets. This may include financial analysis of changes in reimbursement, revenue per unit of service, other pricing changes, or expenses.
Prepare key financial analysis: benchmark reporting and studies, product line reporting, financial projections, profitability analysis, payor analysis, business plans, pricing analysis, physician compensation and cost center reporting.
Knowledge of the Chargemaster including revenue, billing concepts, and statistical reporting.
Train leadership on financial systems as well as financial topics. Serves as resource to interpret financial data.
Establish and maintain various databases, ensure the integrity of the data, and be able to interpret the financial data or results.(Knowledge of Access, Crystal reporting, and SQL a plus)
Communicate effectively with leadership on financial results, analysis, or reporting and assist with operational improvements.
Develop and maintain financial models and templates to be distributed system-wide to ensure quality and consistency.
Maintain the cost accounting system used in decision support. This includes working with leadership to establish overhead allocations, RVUs, and reclass/adjustments.
Culture of Excellence Behavior Expectations
To perform the job successfully, an individual should demonstrate the following behavior expectations:
Quality - Follows policies and procedures; adapts to and manages changes in the environment; Demonstrates accuracy and thoroughness giving attention to details; Looks for ways to improve and promote quality; Applies feedback to improve performance; Manages time and prioritizes effectively to achieve organizational goals.
Service - Responds promptly to requests for service and assistance; Follows the Mercyhealth Critical Moments of service; Meets commitments; Abides by MH confidentiality and security agreement; Shows respect and sensitivity for cultural differences; and effectively communicates information to partners; Thinks system wide regarding processes and functions.
Partnering - Shows commitment to the Mission of Mercyhealth and Culture of Excellence through all words and actions; Exhibits objectivity and openness to other's views; Demonstrates a high level of participation and engagement in day-to-day work; Gives and welcomes feedback; Generates suggestions for improving work: Embraces teamwork, supports and encourages positive change while giving value to individuals.
Cost - Conserves organization resources; Understands fiscal responsibility; Works within approved budget; Develops and implements cost saving measures; contributes to profits and revenue.
Education and Experience
Bachelor's degree in Accounting, Finance, or Business with 3 years of financial management or healthcare experience or an Associate's degree with 15 years of experience and 5 years of healthcare experience.
Certification and Licensure
CPA preferred
Skills and Abilities
Knowledge of healthcare reimbursement programs, coding, and billing preferred.
Special Physical Demands
The Special Physical Demands are considered Essential Job Functions of the position with or without reasonable accommodations.
While performing the duties of this job, the employee is regularly required to sit; use hands to operate a keyboard repetitively, talk, and hear. The employee is occasionally required to stand; walk; reach with hands and arms and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus, particularly as it relates to computer screens.
Level of Supervision
N/A
Supervises
N/A
EOE&AA/M/F/Vet/Disabled. Mercy is an equal employment opportunity employer functioning under Affirmative Action Plans.
