Job Summary:
The Healthcare Financial Analyst is responsible for collecting, analyzing, and reporting financial data related to healthcare operations, revenue cycle, payer performance, and patient services. This role provides actionable insights and supports decision-making for leadership through accurate financial forecasting, cost analysis, and performance benchmarking.
Key Responsibilities:
- Analyze financial data including revenue, expenses, AR aging, compensation and margin reports to support strategic initiatives
- Monitor and report on key performance indicators (KPIs), such as Days in AR, Denial Rates, Collections, and Cost per Encounter
- Develop and maintain financial models to forecast revenue, costs, and profitability for service lines or departments
- Provide monthly and quarterly financial reports and variance analysis against budget and prior periods
- Partner with clinical, operational, and revenue cycle teams to evaluate financial impacts of process changes or strategic initiatives
- Interpret payer contracts and reimbursement trends to support contract negotiations and revenue optimization
- Support budgeting and forecasting processes, including gathering data, validating assumptions, and identifying risks or opportunities
- Assist with audits, regulatory reporting, and compliance with internal controls
- Use tools like Excel, Tableau, Power BI, or EHR/ERP systems (e.g., Athena, Epic, Cerner, Meditech, Oracle, or Workday) for reporting and analysis