Financial Analyst
- 📅
- 240000TE Requisition #
Passionate, driven people dedicated to making a difference in healthcare.
SpecialtyCare is a leading provider of clinical services to hospitals. We partner with hospitals to drive, sustain, and accelerate high performance. We offer a portfolio of solutions that include neuromonitoring, perfusion, surgical assist, autotransfusion, minimally invasive surgical support, and sterile processing. SpecialtyCare’s clinicians focus their efforts to improve operational efficiencies, improve outcomes, and maintain exceptional levels of satisfaction. We compete on results.
Job Summary
SpecialtyCare is expanding our FP&A team and we have a fantastic opportunity for a Financial Analyst to join our talented group of financial professionals! You will work directly with operational leadership on strategies to improve profitability of markets, improve staffing efficiencies, and identify cost reduction opportunities as well as provide monthly analysis of performance to budgetary targets and prior year. This is a hybrid opportunity at our corporate office in Brentwood, TN! We are open to staff or senior level candidates with 3-5 years of experience. Healthcare is a plus!
- 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 SpecialtyCare’s 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 for TPB related hospital contracts.
- Perform analysis related to TPB 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.
- Live the SpecialtyCare Values – Integrity, Teamwork, Care & Improvement.
- Other duties as assigned.
Education:
· Bachelor’s degree in a related field.
Experience:
· One (1) to two (2) years of related experience.
· Equivalent combination of education and experience.
Knowledge and Skills:
· Intermediate to advanced ability to operate Excel.
· Ability to operate PeopleSoft, preferred.
· Ability to perform work accurately and thoroughly.
· Ability to use thinking and reasoning to solve a problem.
· Ability to communicate effectively with others using spoken word.
· Ability to communicate in writing clearly and concisely.
· Ability to think in terms of abstract ideas.
· Ability to deal with others in an antagonistic situation.
· Ability to take care of the customers’ needs while following company procedures.
· Ability to make critical decisions while following company procedures.
· Ability to pay attention to the minute details of a project or task.
· Ability to understand and explain economic and accounting information, prepare and manage budgets, and make sound long-term investment decisions.
· Ability to make decisions or take actions to solve a problem or reach a goal.
· Ability to look beyond the standard solutions.
· Ability to get along well with a variety of personalities and individuals.
· The ability to formulate a sound decision using the available information.
· Possessing the trait of being organized or following a systematic method of performing a task.
· Ability to find a solution for or to deal proactively with work-related problems.
· Ability to be internally inspired to perform a task to the best of ones ability using his or her own drive or initiative.
· Ability to determine how a system should work and how changes in condition, operations and the environment will affect outcomes.
· Ability to show consideration for and maintain good relations with others.
· Ability to complete assigned tasks under stressful situations.
· Proficient with a computer and good knowledge and understanding of MS office programs, and email.
· Proficient with general office equipment.
Benefits:
We offer competitive compensation and a robust benefits package that includes health, dental, vision, and life insurance plans; generous paid time off; 401(k) with matching funds; tuition reimbursement; and professional development and membership allowances.
ACKNOWLEDGEMENTS
SpecialtyCare, Inc. (including its affiliates) (SC) is an EEO/AA employer and does not discriminate against any applicant because of race, color, religion, gender, national origin, age, disability, military status, or any other characteristic protected by federal, state, or local law.