The Senior Financial Analyst II position supports hospital and clinic operations through financial reporting, data analysis and pro forma development. Applies advanced skills to improve the operational and financial effectiveness of the assigned operating unit.This position will perform as the lead role in the development & maintenance of systems to calculate reimbursement and analyze revenues for all payers of the Fairview Hospital & Healthcare Services system.
Advanced Knowledge of reimbursement methodologies, as well as a broad knowledge of medical, billing and hospital terminology to provide analytical expertise to projects related to managed care reimbursement models for hospitals, physician and ancillary services
Establish and maintain payment methodology scenarios for all payers within the decision support systems to estimate net patient revenue.
Complete audits of decision support information and reconcile to revenues in Financial Statements.
Prepare ad hoc reports and analysis related to reimbursement scenarios and other revenue analysis.
Perform impact analysis of estimated financial risks associated with reimbursement methodology changes, pro formas and business strategies.
Perform analysis utilizing advanced functions of analytical and modeling tools to validate contract performance to identify discrepancies and report, recommend and monitor settlement results.
Provide analytical support to Revenue Management leadership related to both Governmental and Managed Care reimbursement activity.
Develop recommendations and coordinate implementation of maintenance, changes and improvements to revenue-related systems.
Evaluate revenue processes to identify opportunities for improvements and efficiencies.
Identify data and system needs related to revenue accounting, analysis, and reporting.
Act as central resource of Net Revenue-related information for all users of financial information.
Facilitate understanding of reimbursement methods and underwriting techniques, through formal and informal education to internal staff and key contacts
Prepare schedules and analysis which support completion of various external and internal requests for revenue and/or margin & profitability information.
Bachelor's Degree in Accounting, Finance, Business Administration.
4 -6 years and/or equivalent experience in accounting or finance related role
3 years relevant modeling experience and analytical experience in healthcare; familiarity with contract modeling software.
7-10 years of experience; health care setting preferred.
Together with the University of Minnesota and University of Minnesota Physicians we have created M Health Fairview. M Health Fairview is the newly expanded collaboration among the University of Minnesota, University of Minnesota Physicians, and Fairview Health Services. The healthcare system combines the best of academic and community medicine — expanding access to world-class, breakthrough care through our 10 hospitals and 60 clinics.Fairview Health Services (fairview.org) is an award-winning, nonprofit health system providing exceptional care across the full spectrum of health care services. Fairview is one of the most comprehensive and geographically accessible systems in the state, with 10 hospitals—including an academic medical center and long-term care hospital—serving the greater Twin Cities metro area.Its broad continuum also includes 60 primary care clinics, specialty clinics, senior living communities, retail and specialty pharmacies, pharmacy benefit management services, rehabilitation centers, counseling and home health care services, medical transportation, an integrated provider network and health insurer PreferredOne. In partnership with the University of Minnesota, ...Fairview’s 32,000 employees and 2,400 affiliated providers embrace innovation to drive a healthier future through healing, discovery and education.