Financial Analyst- Physician Organization (onsite Medical Center)

Financial Analyst

At Houston Methodist, the Financial Analyst is responsible for maintaining and analyzing data related to the financial performance of the assigned entity, hospital(s), and / or contractual relationship. The Analyst compiles and reports 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.

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.
• 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.
• Supports 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.
• 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.
• 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.
• 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).

Education :

Work Experience :

Licenses and Certifications - Required :

Knowledge, Skills, and Abilities :

Supplemental Requirements :

Company Profile : Houston Methodist Specialty Physician Group is an integral part of Houston Methodist's overall strategy to become one of the nation's leading academic medical centers. Established as a nonprofit corporation certified by the Texas State Board of Medical Examiners, the Specialty Physician Group enables physicians to maintain autonomy with respect to clinical practice while growing their practice within an academic environment. Houston Methodist is an Equal Opportunity Employer.