Houston Methodist

Nonprofit academic medical center with hospitals

Financial Analyst - Neurology

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

Full-timeHouston, TX, USANo salary listedIn-person

About the Job

Requirements

A bachelor's degree in finance, accounting, healthcare administration, business administration, or a related field is required.
One year of financial, budget, or cost accounting experience is preferred.
Demonstrates the skills and competencies necessary to safely perform the assigned job, as determined through ongoing skills, competency assessments, and performance evaluations.
Has sufficient proficiency in speaking, reading, and writing English to perform the essential functions of the job, especially activities affecting patient or employee safety or security.
Can effectively communicate with patients, physicians, family members, and co-workers in a manner consistent with customer service and positive language principles.
Demonstrates analytical thinking, creative problem solving, and the ability to define varied approaches to business problems.
Understands business process analysis, system requirements, data modeling, and functional design.
Has project management skills.

Responsibilities

Maintains and analyzes data related to the financial performance of the assigned entity, hospital(s), and/or contractual relationship.
Compiles and reports information as requested by Financial Accounting, Internal Audit, Revenue Cycle, the department, and entity management.
Performs routine data analysis and monthly reporting; highlights performance issues, identifies problems, and researches solutions.
Reports statistical information in graphical and other presentation formats.
May assist with annual operating budgets and maintain monthly dashboards of key indicators and external benchmarks.
Interacts with departmental, institutional, organizational, and external stakeholders to resolve problems, errors, or questions concerning basic accounting reconciliation items or financial performance.
Proactively communicates with stakeholders to resolve issues and discrepancies promptly and ensure their accurate understanding of analytics.
Extracts actual and budget financial accounting general ledger or other financial data, reports and reconciles it with appropriate leadership, and generates accurate and timely reports.
Supports department management with annual operating and capital budget preparation; submits invoices and follows up with industry partners as needed; prepares assigned journal entries for coordinator effort and Principal Investigator oversight.
Reviews revenue projections and budget revisions for physician practices, academic departments, or assigned hospital entities and departments.
Monitors and reports key system operational indicators and alerts leadership to potential performance issues.
Follows internal audit requirements for appropriate system applications.
Uses and enhances tools to improve financial analytics accuracy and revenue opportunities.
Supports development of auditing, reporting, and contract-modeling tools for rate or fee schedule auditing, financial and contract performance analysis, and modeling and analysis of potential opportunities.
Maintains monthly dashboards of key indicators and external benchmarks as defined by management; prepares and maintains revenue models; compiles information needed for organizational profit and loss statements.
Reviews contracts and calculates provider productivity bonuses or compensation models as appropriate.
Assists with gift, grant, and contract budget proposals; helps oversee department financial files for grants, contracts, and donor funding; verifies that faculty, staff, and research personnel are charged to the appropriate funding source through salary reallocation forms as appropriate.
Uses resources effectively and efficiently, demonstrates financial stewardship, manages time effectively, and prioritizes work to achieve timely results.
Maintains procedures and standards of practice for the reconciliation process.
Maintains working knowledge of cost accounting systems, clinical trials management systems, and their relationships with other financial and non-financial systems.
Maintains working knowledge of hospital and physician compensation methodologies and applicable government regulations.
Proactively manages career development and completes the My Development Plan.

Desired Qualifications

One year of financial, budget, or cost accounting experience.

At Houston Methodist, the Financial Analyst position is responsible for maintaining and analyzing data related to the financial performance of the assigned entity, hospital(s), and/or contractual relationship. The Analyst is also responsible for compiling and reporting information as requested by Financial Accounting, Internal Audit, Revenue Cycle, their department, and entity management. Responsible for the routine analysis of data, and monthly reporting. The Financial Analyst highlights performance issues, identifies problems and researches solutions. Reports statistical information in graphical and other presentation formats. Other responsibilities may include the assistance with annual operating budgets and maintenance of monthly dashboards of key indicators and external benchmarks.

FLSA STATUS
Exempt

QUALIFICATIONS

EDUCATION

Bachelor’s degree in finance, accounting, healthcare administration, business administration or related field

EXPERIENCE

One year experience of financial, budget or cost accounting preferred

SKILLS AND ABILITIES

Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations.
Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security.
Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles.
Analytical thinking and creative problem solving and ability to define a variety of approraches to business problems
Understanding of business process analysis, system requirements, data modeling and functional design
Project Management skills

ESSENTIAL FUNCTIONS

PEOPLE ESSENTIAL FUNCTIONS

Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance.
Effectively and proactively communicates with all stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics.

SERVICE ESSENTIAL FUNCTIONS

Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports.
upports department management with preparation of the annual operating and capital budget. Submits invoices and follows-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as assigned.

QUALITY/SAFETY ESSENTIAL FUNCTIONS

Reviews revenue projections, budget revisions, etc., for physician practice, academic department or assigned hospital entity and department(s).
Monitors and reports key system operational indicators and alerts leadership potential performance issues.
Follows all internal audit requirements for appropriate system applications.
Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities.

FINANCE ESSENTIAL FUNCTIONS

Performs one or more of the following: • Supports the development of auditing, reporting and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance and contract performance as well as modeling and analysis of potential opportunities. • Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization profit and loss statement as required. • Reviews contracts/calculates provider productivity bonuses/compensation models as appropriate. • Assists in preparation of gift, grant and contract budget proposals as needed. Assists in the oversight of department’s financial files for all grants, contracts, and donor funding and verifies that all faculty, staff and research personnel are charged to the appropriate funding source via submission of a salary reallocation form as appropriate.
Utilizes resources effectively and efficiently, demonstrating financial stewardship. Manages own time effectively and prioritizes work to achieve maximum results in a timely manner.

GROWTH/INNOVATION ESSENTIAL FUNCTIONS

Maintains procedures and Standards of Practice (SOP’s) for reconciliation process.
Maintains working knowledge of cost accounting system, clinical trials management systems or others and their relationship to other financial and non-financial systems. Maintains working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable.
Proactively manages own career development. Completes My Development Plan (MDP).

SUPPLEMENTAL REQUIREMENTS

WORK ATTIRE

Uniform: No
Scrubs: No
Business professional: Yes
Other (department approved): No

ON-CALL*

*Note that employees may be required to be on-call during emergencies (ie. Disaster, Severe Weather Events, etc) regardless of selection below.

On Call* No

TRAVEL**

**Travel specifications may vary by department**

May require travel within the Houston Metropolitan area No
May require travel outside Houston Metropolitan area No

Work Shift:

1 - Day (United States of America)



Job Category:

Non-clinical

Houston Methodist is one of the nation’s leading health systems and academic medical centers. The health system consists of eight hospitals: Houston Methodist Hospital, its flagship academic hospital in the Texas Medical Center, seven community hospitals and one long-term acute care hospital throughout the Greater Houston metropolitan area. Houston Methodist also includes a research institute; a comprehensive residency program; international patient services; freestanding comprehensive care clinics, emergency care and imaging centers; and outpatient facilities. Come lead with us!


Houston Methodist is an Equal Opportunity Employer.

About the Company

Houston Methodist

Nonprofit academic medical center with hospitals

Houston Methodist is a nonprofit academic medical center and hospital system in the Houston area. It delivers fee-for-service care through eight hospitals, focusing on cancer, heart and vascular care, transplantation, neurosciences, orthopedics, and digestive disorders, and treats thousands of international patients. The system combines patient care with research, education, and philanthropy through the Houston Methodist Hospital Foundation, with its flagship at the Texas Medical Center and partnerships with Weill Cornell Medicine, Texas A&M, and Rice University that support programs like EnMed and a broad clinical trials network via the Houston Methodist Research Institute. Its goal is to improve patient outcomes by providing high-quality medical care while expanding research, education, and collaborative clinical programs.

Company size: 10,001+
Company stage: Not listed
Total funding: Not listed
Headquarters: Houston, TX
Founded: 2008

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