Boston Medical Center

Non-profit academic medical center and trauma

Senior Financial Analyst

Corporate Finance & FP&AConfirmed live in the last 24 hours

Full-timeBoston, MA, USANo salary listedIn-person

About the Job

Requirements

Maintain and update the decision support/cost accounting software (EPSI), including identifying data sources and reviewing and validating data.
Create data feeds and develop algorithms to calculate costs and revenues; review and validate monthly data loads; and produce periodic reports.
Maintain the EPSI SQL Server database and produce monthly reports on volume and profitability metrics.
Work with the vendor on the pending decision support system upgrade and testing.
Work with other analysts, the vendor, and staff in other departments to maintain system data and troubleshoot issues.
Help lead development of an RVU-based costing methodology and calculate organization-based RVU values for specific services and procedures.
Periodically maintain and update departmental RVUs to reflect new services and operational changes.
Work with Managed Care, Reimbursement, and Revenue Integrity staff to calculate revenue associated with specific services and develop revenue allocation methodologies for payors such as Medicaid using SPAD and PAPE payment systems.
Participate in developing service line profitability reports and create and distribute reports.
Work with ITS to develop profitability reports in Business Objects, such as a clinic profit-and-loss dashboard.
Support operating room workgroups with volume and profitability data.
Provide end-user training on running reports and interpreting results, and develop profitability pivot tables.
Coordinate communication and rollout of new reports and meet with department managers, chiefs, and others to explain the information presented.
Create reports and analyses as needed, including reports supporting ACO management, managed care contracting, and business planning for proposed services.
Support development of financial models and business plans for new program proposals.
Complete ad hoc financial analyses, special projects, and other duties requested on behalf of the Chief Financial Officer, Director of Financial Planning, and Manager of Decision Support.

Responsibilities

Operate and maintain cost accounting software and produce service line profitability reports.
Evaluate new programs and perform cost-benefit analyses and other analyses as needed.
Analyze financial information and develop revenue and expense analyses, projections, reports, and presentations.
Work with department managers and administrators to evaluate new business opportunities.
Locate data sources and identify trends and developments in competitive environments.
Present findings to senior management.
Work with hospital and physician leadership, Finance staff, department managers, administrators, and others.

Job Description

Responsible for operation and maintenance of cost accounting software and production of service line profitability reports. The analyst will function as an internal consultant, evaluating new programs and performing cost-benefits analysis and other analysis as needed. Analyzes financial information and develops revenue/expense analyses, projections, reports, and presentations. Works with department managers and administrators to evaluate new business opportunities. Locates data sources and identifies trends and developments in competitive environments. Presents findings to senior management. This position will work with hospital and physician leadership, Finance staff, department managers, administrators and others.

Qualifications

System maintenance and production:

Maintain and update the decision support/cost accounting software (EPSI). This software will provide cost and revenue data which will permit the hospital to better understand the financial contribution of specific services. This will assist in business planning by giving the organization more precise and timely information on profitability. This includes identification of data sources, data review and validation
Creates data feeds and develops algorithms to support calculation of both costs and revenues. Reviews and validates monthly data loads. Produces periodic reports.
Maintain the decision support system (EPSI) SQL server database. Produce monthly reports on various volume and profitability metrics e.g. OR volume and profitability
Work with the vendor on the pending decision support system upgrade and testing
Works with the other analysts, vendor, and staff in other BMC departments to maintain the data in the system and trouble-shoot if necessary.

Development of Cost and Revenue estimates:

Helps to lead the development of RVU-based costing methodology. Works with individual departments throughout the hospital to calculate BMC-based RVU values for specific services and procedures, to permit more accurate and detailed analysis of costs and profitability.
Works with the other analyst to periodically maintain and update the departmental RVUs to reflect new services and operational changes.
Works with other finance staff including Managed Care, Reimbursement, and Revenue Integrity to calculate the revenue associated with specific services. Develops revenue allocation methodologies for payors such as Medicaid that use SPAD and PAPE payment system.

Reporting and Analysis:

Participates in the development of service line profitability reports. Creates and distributes reports.
Work with ITS to develop profitability report on Business Objects e.g. Clinic P&L dashboard
Support OR workgroups on volume and profitability data.
Provides training to allow end-users to run reports and interpret the results. Develop profitability pivot tables to enable end- users to get the needed data
Coordinates communication and roll-out of new reports. Meets with department managers, chiefs and others to help them understand the information presented.
Creates new reports and analyses as needed, including development of reports to support ACO management, managed care contracting, and business planning for proposed new services.
Supports development of financial models and business plans for new program proposals
Completes ad-hoc financial analyses, special projects and other duties as requested on behalf of the Chief Financial Officer, Director of Financial Planning and Manager of Decision Support.

Please go onto our Career Page to apply but copying and pasting the address below and entering 3766 in the filter by section. Thank you!

https://bmc.wd1.myworkdayjobs.com/BMC

Additional Information

At Boston Medical Center, we understand that individuals like you who take on a role within the health care community possess an integral desire to help others achieve their best. We feel the same way about the careers we provide - we want to see you excel, on the job and in your personal time. That's why we've put together one of the most comprehensive, flexible benefits packages around, one that offers competitive wages, education and tuition assistance, as well as financial and wellness programs. Our aim is to give you everything you need to get the most out of life by offering you:

. Medical & Dental Coverage
. Vision Care Coverage
. Life Insurance
. Accidental Death & Dismemberment (AD&D) Insurance
. Disability Insurance
. Medical and Dependent Care Flexible Spending Accounts (FSA)
. 403(b) Open Plan
. BMC 403(b) Retirement Plan
. Earned Time & Extended Sick Leave
. Tuition Reimbursement
. Employee Assistance Program
. Mortgage Assistance Program
. MBTA Passes
. Parking

About the Company

Boston Medical Center

Non-profit academic medical center and trauma

Boston Medical Center is a private, not-for-profit academic medical center in Boston that provides care across more than 70 specialties and runs the busiest trauma and emergency services in New England. It trains health professionals through 67 residency programs and conducts biomedical research funded by government and private grants. Its funding relies heavily on government payers like Medicare and Medicaid to serve many low-income and elderly patients, with remaining revenue from clinical services, grants, and donations. It focuses on health equity and social determinants of health, addressing issues such as food access and housing through programs and partnerships, with the goal of delivering high-quality, accessible care to all and advancing medical knowledge and workforce training.

Company size: 10,001+
Company stage: Grant
Total funding: $342.1M
Headquarters: Boston, MA
Founded: 1996

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