Houston Methodist

Nonprofit academic medical center with hospitals

Financial Analyst - Surgery Research

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 experience in financial, budget, or cost accounting is preferred.
Demonstrate the skills and competencies necessary to safely perform the assigned job, as determined through ongoing skills, competency assessments, and performance evaluations.
Have sufficient proficiency in speaking, reading, and writing English to perform essential job functions, especially activities affecting patient or employee safety or security.
Communicate effectively with patients, physicians, family members, and coworkers in a manner consistent with a customer service focus and positive language principles.
Apply analytical thinking and creative problem solving, and define a variety of approaches to business problems.
Understand business process analysis, system requirements, data modeling, and functional design.
Have project management skills.

Responsibilities

Maintain and analyze data related to the financial performance of the assigned entity, hospital(s), and/or contractual relationship.
Compile and report information as requested by Financial Accounting, Internal Audit, Revenue Cycle, the department, and entity management.
Perform routine data analysis and monthly reporting; highlight performance issues, identify problems, and research solutions.
Report statistical information in graphical and other presentation formats.
Assist with annual operating budgets and maintain monthly dashboards of key indicators and external benchmarks, as needed.
Interact with department staff, other institutional departments, the organization, and outside companies to resolve problems, errors, or questions regarding basic accounting reconciliation items or financial performance.
Communicate proactively with stakeholders to resolve issues and discrepancies in a timely manner and ensure accurate understanding of analytics.
Extract actual and budget financial accounting General Ledger or financial data from appropriate sources, report and reconcile it with appropriate leadership, and generate accurate, timely reports.
Support department management with preparation of the annual operating and capital budget; submit invoices and follow up with industry partners as needed; prepare journal entries for coordinator effort and Principal Investigator oversight as assigned.
Review revenue projections and budget revisions for physician practices, academic departments, or assigned hospital entities and departments.
Monitor and report key system operational indicators and alert leadership to potential performance issues.
Follow internal audit requirements for appropriate system applications.
Use and enhance tools to improve financial analytics accuracy and enhance revenue opportunities.
Support development of auditing, reporting, and contract-modeling tools for identifying and analyzing rate or fee-schedule auditing, financial performance, contract performance, and potential opportunities.
Maintain monthly dashboards of key indicators and external benchmarks as defined by management; prepare and maintain revenue models; compile information needed for organizational profit and loss statements as required.
Review contracts and calculate provider productivity bonuses or compensation models as appropriate.
Assist with gift, grant, and contract budget proposals; assist in oversight of departmental financial files for grants, contracts, and donor funding; verify that faculty, staff, and research personnel are charged to the appropriate funding source by submitting salary reallocation forms as appropriate.
Use resources effectively and efficiently, demonstrate financial stewardship, manage time effectively, and prioritize work to achieve timely results.
Maintain procedures and Standards of Practice for the reconciliation process.
Maintain working knowledge of cost accounting systems, clinical trials management systems, other relevant systems, and their relationships to other financial and non-financial systems.
Maintain working knowledge of hospital and physician compensation methodologies and applicable government regulations.
Manage career development proactively and complete the My Development Plan.

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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