LBMC Staffing Solutions, LLC

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Financial Analyst-12165-2

Location : Brentwood, TN
Job Type : Direct
Hours : Full Time
Required Years of Experience : 2+
Required Education : Bachelor's Degree in Finance or Accounting
Travel : No
Relocation : No
Job Industry : Healthcare - Health Services
Job Category : Accounting/Finance

Job Description :

The Financial Analyst is responsible for preparing analysis and financial models for existing and new business as well as preparing reports related to existing accounts receivable and third party billing.


 


ESSENTIAL JOB FUNCTIONS


• Provide all financial support for contract renegotiations and repricing for any assigned hospitals on an as needed basis including:


• Providing financial history (where available that includes contribution margin, procedure counts, equipment listings, sales analysis and staffing estimates.


• Complete “first pass” of the financial projection model based on historical information.


• Work with key negotiator to develop pricing strategy and forecasts financial outcomes based on pricing and cost assumptions.


• Work with key negotiator and contract administrator to ensure contract reflects pricing strategy.


• Perform monthly operational reviews with key negotiators to identify the key drivers of variances in financials as compared to budget


• Recommend and suggest improvements in pricing, staffing, use of materials, etc that would drive company-wide financial improvement.


• Provide financial analysis support for senior leaders.


• Compile business reviews to Operations for presentation to hospital leadership.


• Perform ad hoc corporate statistical and financial analysis as required by management.


• Perform financial analysis and financial projections for new business opportunities.


• Prepare trend analysis on cash collections and procedure counts from third party billing (TPB).


• Prepare supporting documentation and analysis 


• Perform analysis related to hospital contract provisions, such as cash collections or revenue guarantees, and four month look-back provisions for rebilling hospitals.


• Assist in compilation of third party accruals based on knowledge of contracts with both facilities and payers.


• Assist with preparation of the annual budget that meets the organization’s financial targets.


• Lives the  Values – Integrity, Respect, Teamwork, Sense of Urgency, Continuous Improvement, & Accountability


 


Required Qualifications :


  • 2+ years financial analysis experience

  • Strong Excel skills

  • Degree in Finance or Accounting


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