Financial Analyst

POSITION: Financial Analyst

Primary Responsibilities

This position is responsible for analyzing financial data, optimizing healthcare budgets, monitoring revenue cycles, and providing strategic financial insights to support effective decision-making.

Key Responsibilities

Financial Analysis & Reporting:

  • Conduct financial analysis, forecasting, and budgeting for healthcare operations.
  • Prepare monthly financial reports, variance analysis, and performance metrics to track profitability and cost efficiency.
  • Analyze cost structures, revenue trends, and reimbursement rates to enhance financial performance.

Revenue Cycle & Reimbursement Management:

  • Monitor revenue cycle processes, including insurance claims, reimbursements, and collections.
  • Evaluate billing and coding practices to ensure compliance with federal and state healthcare regulations.
  • Collaborate with the billing team to improve cash flow management and claim approvals.

Operational & Strategic Financial Support:

  • Provide data-driven financial recommendations to management for cost-saving initiatives and investment opportunities.
  • Support contract negotiations with insurance providers and healthcare partners.
  • Assist in financial risk assessments and compliance audits to meet healthcare industry standards.

Data Analytics & System Optimization:

  • Utilize SQL, Excel, Tableau, and financial modeling tools to analyze large healthcare datasets.
  • Automate financial processes to improve reporting accuracy and efficiency.
  • Work with EHR (Electronic Health Records) and financial software to integrate financial reporting systems.

Regulatory Compliance & Cost Control:

  • Ensure adherence to HIPAA, Medicare, Medicaid, and private insurance regulations.
  • Monitor government reimbursement policies and assess financial impact on operations.
  • Identify areas to reduce costs without compromising the quality of patient care.

Required Qualifications:

  • Bachelor's degree (or higher) in Finance, Accounting, Business Analytics, Healthcare Management, or a related field.
  • 1-3+ years of experience in financial analysis, healthcare finance, revenue cycle management, or related roles.

Skills:

  • Strong analytical and problem-solving skills
  • Exceptional attention to detail and accuracy
  • Ability to work independently and cross-functionally with clinical and administrative.
  • Ability to multi-task and meet deadlines
  • Proficiency in financial reporting and data analysis
  • Strong proficiency in Excel (pivot tables, financial modeling, macros).

Financial Analyst

  • Wage/Salary Range
    • $36.00 ~ $40.00, Based on experience and qualifications
    • $72,000 ~ $78,800/ Yearly basis

General Description of Benefits

  • Medical
  • 403(b)
  • PTO/sick pay
  • Paid Holiday

Other Compensation

Profit share - If necessary

Contact: Soo.l@actsrehab.org | Edward.o@actsrehab.org