Healthcare Practice Financial Analyst

Summary:

The Physician Practice Financial Manager is the primary contact for financial matters for each clinic/group assigned. Responsibilities include but are not limited to: Performing financial analysis including evaluation of operational performance compared to both budgeted and historical results, and its relationship to physician compensation Perform revenue cycle analysis including identifying if there are potential inefficiencies or issues within revenue capture processes Perform statistical analysis and evaluation of staffing expenses compared to internal peers, external benchmarks, budgeted and historical trends Construct, review and recommend approval for the annual budget for each clinic/group Calculate and submit the accurate and appropriate physician draw, incentive, and other physician payments timely to payroll for payment Holds primary responsibility to communicate and educate physicians and staff about new financial initiatives to implement that may be atypical to normal operations, or driven by CCHCS initiatives Initiate processes surrounding physician leave and FMLA Initiate contractual amendments related to changes in physician activity Initiate required monthly draw changes for physician pay in accordance with Cook policies Account for, report, validate, and ensure appropriate payment for Medical Director or other Administrative Position payments Perform forward-looking financial forecasting to assist in clinic/groups decision making, at the request of either group physicians, CCPN Administration, or other CCHCS departments Mediate discussions among clinic/group members about expenses allocations, clinical measurements, and other financial and operational matters Evaluate opportunities and risks associated with clinic/group new lines or locations of service Provide input required by external entities such as auditors or consultants CRITICAL SKILLS Successful performance will require strong written and oral presentation skills Several times per month will be required to present information orally and written, to different stakeholder groups including Physicians, Medical Directors, CCPN Executives, and CCHCS senior executive leadership Successful performance will require initiative and the ability to work independently, on behalf of a larger group whom may have divergent and conflicting input Must be able to lead projects and be comfortable coordinating and communicating with, all levels of the organization including both Administrative and Physician Executives Must be able to navigate highly technical or complex financial data, and translate its meaning into concise messages that both technical and non-technical customers can interpret Must be reliable, timely and follow through on tasks until completed Must have the tact to communicate with Physicians about the sensitive and often emotional topic of compensation, including detail about all the factors impacting the increases and decreases in pay

Qualifications:

• Bachelor's Degree in Accounting, Finance, Business Administration (or similar) is required. Masters Degree or CPA is preferred (progressive experience in lieu of degree, or partial passing of CPA may be considered).

• Prefer minimum of two years of accounting experience, in Healthcare. 2+ years CCPN physician practice finance is a plus.

• Analytical ability required to evaluate and interpret financial, statistical, revenue cycle, and operational data in order to make sound and objective recommendations for operationally strategic options.

• Ability to evaluate highly complex performance data and determine if objective are being met. If objectives not met, develop and recommend options to improve stated objectives.

• Working knowledge of financial acumen and the ability to recognize operational deficiencies through data and effectively translate and communicate outcomes and value driven opportunities to both Administration and Physicians.

• Understanding of challenges and interworking of an integrated healthcare organization.

• Working knowledge of Excel, Power Point, (SQL preferred not required).

• Must have proficiency in computer spreadsheet applications including graphing and complex formulas often linking multiple worksheets (very high level of usage).

• Requires a fundamental knowledge of software that supports business and should be proficient within 90 days (Lawson, Epic, Strata, and other data repositories for example).

Certification/Licensure:
CPA Preferred