Financial Analyst

COMPANY DESCRIPTION:

Hospitals deliver one of the most critical services in our world today – as we have seen illustrated during the most recent public health crisis. However, due to significant complexity in how hospitals get paid for their services (private insurance, Medicare, Medicaid, etc.) – many hospitals are unable to collect all the revenue they are owed in an efficient and accurate way.

Government Reimbursement is a rapidly growing business unit within Meduit seeking entrepreneurial minded stars looking for an opportunity to help grow an organization.  We have worked with over 300 hospitals in more than 25 states and have provided our clients with bottom line cash in hand 100% of the time.

Meduit | Government Reimbursement provides a proprietary, best in class technology-enabled service to help hospitals and health systems maximize their net revenue realization and recovery.  The core solution applies automated technology algorithms to “dig deep” into a hospital's net revenue financial results, carefully finds value that is missed or lost, and then combines these data sets with an expert driven service to report and recapture value. Meduit | Government Reimbursement’s unique approach has generated positive outcomes in 100% of clients, returning significant cash back to hospitals. Powered by decades of industry financial revenue cycle experience and a leading technology offering, Meduit has quickly become a preferred partner of health systems across the country.

POSITION OVERVIEW:

The Financial Analyst will be a critical part of Meduit’s data analytics team to identify opportunities for our clients to recapture revenue that they did not collect effectively due to a coding, administrative, or reporting errors. The Financial Analyst reviews and cleanses client provided data, imports it into Meduit’s data analytics tools, runs pre-set and custom reports, analyzes results, uncovers issues, and then supports clients to amend their reports to more accurately collect revenue going forward.

JOB QUALIFICATIONS:

Required to be considered for this position:

• Bachelor’s degree required with a major in accounting, finance, statistics, math, or related majors that emphasize data organization and analytics
• Must be computer proficient with intermediate to advanced skills with Excel (minimum)

• Demonstrated ability to quickly adapt to complex technical or business process projects working with cross organizational teams
• Excellent organizational skills, demonstrates ability to manage projects, juggle multiple responsibilities while simultaneously meeting deadlines
• Ability to get along with diverse personalities, tactful, mature, and flexible

• Ability to quickly learn new technology systems to support loading and synthesizing data of varying types and sizes, and on various platforms

Qualifications that are not required, but a plus if you have them:

• PLUS (not required): 2-3 years working for a top 10 accounting firm, management consulting firm, or a large commercial/investment bank with experience synthesizing large amount of data
• PLUS (not required): Experience with ACCESS and SQL Server
• PLUS (not required): MBA, CPA, or CFA a plus, but not required. CPA license does not need to be active
• PLUS (not required): Healthcare industry experience a plus, but not required

IDEAL CHARACTERISTICS:

A Financial Analyst at Meduit should exhibit the following characteristics to thrive in this role:

1. Enjoys the meticulous process and challenge of finding “a needle in a haystack”.
2. Patient enough to stick with a problem until its solved, resolved, or addressed.
3. Extremely detail oriented (likely balances their own checkbook to the very last penny).
4. Considers building and working in spreadsheets fun, and intellectually engaging.
5. Able to quickly switch contexts between clients without getting flustered.
6. Prefers long, uninterrupted periods of focused work vs. frequent interaction with colleagues.
7. A natural self-motivated learner of topics and/or terms they do not yet understand.

POSITION DETAILS:

• Data Validation: Review client-provided financial data to determine if it is ready to be analyzed in the Meduit analytics tool and follow-up with clients to address issues in a timely manner.
• Data Analysis: Run a series of reports through Meduit tools to produce outputs for manual analysis. Able to carefully identify errors, understand or uncover the root cause, and fix issues quickly.
• Data Execution. Work with Meduit analytics outputs to uncover client opportunity and develop new documentation to support a re-filing of client cost reports to reclaim lost revenue.   
• Quality Assurance. Ability to complete highly detailed and analytical work in an efficient manner that ensures accuracy, reliability, and completeness.
• Finance & Accounting Fluent: Ability to understand the financial system of a hospital, how it impacts billing, and explain results of analysis to professional finance staff at the client.
• Scheduling and Coordination: Significant client interaction, problem-solving, and scheduling coordination involved to achieve the goals of each project, and alignment with stakeholders.
• Process Improvement: Continual refinement of the project delivery process, which may include development of manuals and checklists to effectively communicate improvement strategies.
• Collaboration: Working effectively with the sales team to transition new contacts in as clients, and partner with project managers and analytics colleagues to deliver a great project outcome.