Description

Job Summary:

The Healthcare Financial Analyst is responsible for collecting, analyzing, and reporting financial data related to healthcare operations, revenue cycle, payer performance, and patient services. This role provides actionable insights and supports decision-making for leadership through accurate financial forecasting, cost analysis, and performance benchmarking.

Key Responsibilities:

Analyze financial data including revenue, expenses, AR aging, compensation and margin reports to support strategic initiatives
Monitor and report on key performance indicators (KPIs), such as Days in AR, Denial Rates, Collections, and Cost per Encounter
Develop and maintain financial models to forecast revenue, costs, and profitability for service lines or departments
Provide monthly and quarterly financial reports and variance analysis against budget and prior periods
Partner with clinical, operational, and revenue cycle teams to evaluate financial impacts of process changes or strategic initiatives
Interpret payer contracts and reimbursement trends to support contract negotiations and revenue optimization
Support budgeting and forecasting processes, including gathering data, validating assumptions, and identifying risks or opportunities
Assist with audits, regulatory reporting, and compliance with internal controls
Use tools like Excel, Tableau, Power BI, or EHR/ERP systems (e.g., Athena, Epic, Cerner, Meditech, Oracle, or Workday) for reporting and analysis

Requirements

Education:

Bachelor’s degree in finance, Accounting, Healthcare Administration, Economics, or related field (required)
Master’s degree or CPA/CHFP/CMA designation (preferred)

Experience:

2–5 years of experience in financial analysis, preferably in a healthcare setting (hospital, clinic, or health system)
2-5 years of experience with forecasting, budgeting and compensation models
Experience with healthcare revenue cycle operations and payer reimbursement models is a plus
Advanced Excel skills with pivot tables, V-Lookup experience
Athena and QuickBooks Online experience is a plus

Skills:

Strong analytical, problem-solving, and communication skills
Proficient in Excel, financial modeling, and data visualization
Familiarity with healthcare analytics, costing, benchmarking, and industry metrics
Familiarity with accounting and financial reporting systems
Ability to manage multiple projects and deadlines in a fast-paced environment

Preferred Knowledge Areas:

Revenue Cycle KPIs (e.g., DNFB, A/R Aging, Collections)
Healthcare cost accounting and compensation analytics
Medicare/Medicaid and commercial payer reimbursement methodologies
Value-based care models and healthcare finance trends

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Healthcare Financial Analyst