Springfield Clinic

Revenue Cycle Data Analyst

Springfield Clinic Springfield, Illinois, United States · $59K–$89K/yr

Hospitals and Health Care · 1,001-5,000 employees

4 h ago
data-analyst Mid (2-5 yrs) Full-time United States
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About the role

The Revenue Cycle Data Analyst develops and analyzes financial reports to support decision-making and improve the efficiency of Patient Accounting units. They are responsible for creating financial models, identifying trends, and collaborating with management to track key performance indicators.

What they look for

Financial Analysis Data Analysis Reporting Financial Modeling Benchmarking Process Analysis Forecasting Trend Identification Key Performance Indicators Contract Analysis Cost Analysis Billing Compliance Microsoft Excel Microsoft Access Communication Skills Project Management

Requirements

Candidates must hold a bachelor's degree in Accounting or Finance and possess at least three years of healthcare financial analytical experience. Advanced proficiency in Microsoft Office, specifically Excel and Access, is required along with strong communication and project management skills.

Benefits

Health Insurance Dental Insurance Vision Insurance Retirement Plan Paid Time Off

Full description

The Revenue Cycle Data Analyst is responsible for the assistance with developing, generating, and analyzing reports to aid in decision making and to help Patient Accounting units operate effectively and efficiently. The Revenue Cycle Data Analyst will work with BCI to further develop the Revenue Cycle Dashboard and other key reporting needs.

Job Relationships

Reports to the Sr. Dir. Patient Accounting & Internal Audit. Works closely with BCI and Patient Accounting Managers.

Principal Responsibilities

  • Assemble and summarize data to structure sophisticated reports on financial status and risks.
  • Develop financial models, conduct benchmarking and process analysis.
  • Conduct studies on past, future and comparative performance and develop forecast models.
  • Identify trends, advise company and recommend actions to senior management based on sound analysis.
  • Consult with management to guide and influence long term and strategic decision making.
  • Compile and analyze financial reports and identify discrepancies that require management attention.
  • Perform special projects to improve department efficiency and performance, and other projects as assigned by management.
  • Coordinate activities of data collection and analysis. Interpret and present findings to support and guide Patient Accounting initiatives and priorities.
  • Work with Patient Accounting management team to develop key performance indicators and reports.
  • Provide timely, relevant and accurate reporting and analysis of the results of the division's performance against historical, budgeted, forecasted and strategic planning results to facilitate decision-making toward the achievement of the budget and strategic plan.
  • Analyze Patient Accounting-related contracts and perform cost analyses. Evaluate performance to identify opportunities for improvement with third party services such as collection agencies, document storage, claims processing, etc.).
  • Assist Billing Compliance with development of automated method for performing billing-related audits/analysis.
  • Prepare financial reports, charts, tables and other exhibits as requested.
  • Comply with the Springfield Clinic incident reporting policy and procedures.
  • Adhere to all OSHA and Springfield Clinic training & accomplishments as required per policy.
  • Provide excellent customer service and adhere to Springfield Clinic's Code of Conduct and Ethics Standards.
  • Perform other job duties as assigned.

Education/Experience

  • Bachelor's degree in Accounting or Finance is required.
  • CPA or advanced degree is preferred.
  • Minimum three years healthcare financial analytical experience is required.

Knowledge, Skills and Abilities

  • Advanced knowledge of Microsoft Office (emphasis on Excel and Access) is required.
  • Excellent written and verbal communication skills are required.
  • Ability to effectively present information and respond to questions from physicians, managers, employees and business associates is required.
  • Confidentiality is required.
  • Must attend in-service classes or workshops relevant to job.
  • Strong ability to manage multiple projects is required.

Working Environment

  • This job operates in a professional office environment.
  • Routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

PHI/Privacy Level

HIPAA2

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