Job Overview:
We are seeking a detail-oriented and analytical Healthcare Financial Analyst to join our team. The ideal candidate will be responsible for analyzing financial data, creating financial models, and providing insights to support strategic decision-making.

Key Responsibilities:

• Process Evaluation and Optimization:
• Analyze each stage of the revenue cycle, including patient registration, charge capture, coding, billing, and collections.
• Identify inefficiencies, bottlenecks, and gaps in revenue capture processes.
• Recommend and implement process improvements to enhance revenue cycle efficiency and effectiveness.
• Revenue Performance Monitoring:
• Monitor key performance indicators (KPIs) related to revenue cycle metrics, such as Days in Accounts Receivable (A/R), Clean Claim Rate, and Collection Rate.
• Conduct trend analysis to assess revenue cycle performance over time.
• Develop and maintain dashboards or reports to track and communicate performance metrics to stakeholders.
• Claims and Denials Management:
• Analyze claims submission processes to minimize denials and rejections.
• Investigate root causes of denials and implement strategies to reduce denial rates.
• Work with billing and coding teams to ensure accurate and timely claim submission.
• Revenue Integrity and Compliance:
• Ensure compliance with billing regulations, payer policies, and healthcare industry standards.
• Conduct audits or reviews to identify potential compliance issues or revenue leakage.
• Collaborate with compliance officers and legal teams to address compliance concerns related to revenue cycle activities.
• Financial Analysis and Reporting:
• Prepare financial reports related to revenue cycle performance, revenue trends, and financial impact analysis.
• Provide insights and recommendations based on financial analysis to improve revenue cycle outcomes.
• Support financial forecasting and budgeting processes by providing accurate revenue cycle data.
• Stakeholder Collaboration:
• Collaborate with revenue cycle management, billing, coding, and clinical teams to understand operational challenges and opportunities.
• Communicate findings and recommendations to non-financial stakeholders effectively.
• Work with IT and operational teams to implement system enhancements or technological solutions to support revenue cycle improvements.
• QUALIFICATIONS:
• Bachelor's Degree in Finance, Accounting, Healthcare Administration or related field (Master's Degree preferred).
• Relevant experience in revenue cycle management, financial analysis or healthcare finance.
• Strong understanding of healthcare reimbursement methodologies, billing processes and regulatory requirements.
• Proficiency in data analysis tools and financial software (e.g., Excel, Financial Modeling Tools.
• Excellent communication skills and ability to collaborate effectively across multidisciplinary teams.
• SKILLS AND ATTRIBUTES:
• Analytical mindset with attention to detail.
• Problem-solving and critical thinking abilities.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Knowledge of healthcare revenue cycle operations and industry best practices.
• Commitment to maintaining confidentiality and ethical standards in financial practices.

Job Type: Full-time

Pay: $80,000.00 - $85,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Experience:

• Accounting: 5 years (Required)
• Microsoft Excel: 5 years (Required)

Ability to Commute:

• Syosset, NY 11791 (Preferred)

Ability to Relocate:

• Syosset, NY 11791: Relocate before starting work (Required)

Work Location: In person