Senior Financial Analyst

Mercy Medical Center

Cedar Rapids, IA Financial Services & Banking / Healthcare

This position supports Mercy's philosophy of patient centered care by providing accurate financial data and information to managers/administration which allows them to make decisions that directly impact the patient.

Job Specific Duties/Essential Functions

  • Analyzes, processes and communicates financial information and data for management and administrators

  • Analyzes revenue, expenses and reimbursement trends

  • Evaluates business/strategic plans including performing pro forma and other analytics when necessary.

  • Meets with Managers, Physicians and Administration regarding various financial items

  • Serves as liaison between the Finance and clinical departments addressing topics such as regulatory and billing updates, CPT and work relative value unit (wRVU) changes, the resulting impact on operating budgets and developing cross department teams, if needed to resolve. 

  • Analyzes potential and current business ventures and major capital investments to determine the project's financial viability.

  • Analyzes reports and data output from Allscripts/EPSI Decision Support to test data integrity and collaborates with the Cost Accountant to resolve any issues.

  • Researches local/state and national healthcare trends to determine financial impact on service lines and implementing best practices.

  • Responsible for monthly and quarterly financial and market share reports, utilizing internal and external data sources.

  • Utilizes continuous improvement processes including LEAN and Six Sigma when reviewing new or existing service line performance. 

  • Analyzes operational effectiveness, emphasizing cost containment without jeopardizing important innovation or quality of care. 

  • Develops and maintains an effective relationship with medical and Administrative staff.

  • Prepares ongoing financial reporting for clinic departments.

Knowledge, Skills and Abilities

  • Work record that demonstrates:

  • In-depth knowledge of hospital and physician billing and reimbursement

  • Clear, effective written and oral communication skills

  • Ability to interact with a variety of people in a positive manner

  • Must be proficient with Microsoft Word, PowerPoint and Outlook

  • Knowledge of medical terminology

  • Familiarity with MS-DRG, APC, CPT and other classification systems

  • In-depth understanding of non-profit financial statements

  • In-depth understanding and ability to calculate key financial indicators such as payback period, breakeven point, internal rate of return (IRR), contribution margin, and net gain and loss

  • Must demonstrate advanced Microsoft Excel skills including graphs, pivot tables and various formulas

Professional Experience

  • Minimum three years’ experience in healthcare required.

  • Experience with payors, providers and/or hospital setting preferred.

  • Experience with EPIC electronic health record preferred

  • Six Sigma Green Belt preferred

Education:  Bachelor of Science or Bachelor of Arts in Business Administration required with a major in Business, Health or Public Administration, Management, Accounting, Finance, Economics or related field preferred.

To learn more about this opportunity or to apply visit us online today! 

Mercy Medical Center
701 10th St. SE
Cedar Rapids, IA 52403


Job ID: 66516

Posted 16 days ago

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