Business Analyst

Job Purpose

The Business Analyst is responsible for assisting the management team in monitoring financial data and related processes that contribute to the successful operations of Med-Metrix. In addition, the Business Analyst is responsible for translating business requirements into both high-level and detailed functional specifications. Candidates must be able to work at a detailed level while maintaining the big picture of the overall division goals. Other responsibilities include compiling comprehensive reports for clients, data mining and analysis, and providing support for the day-to-day operations.

Duties and Responsibilities

• Prepare recurring daily/weekly/month reports and dashboards to address and support key business functions and initiatives
• Perform monthly and ad hoc cash goal analyses
• Translate business requirements into both high-level and detailed functional specifications
• Query and analyze client data to find/understand trends and their financial impact
• Maintain a thorough working knowledge of client specific data, including payer mix, insurance and financial classes, patient access system details, data timing issues, and other issues of specific importance to each client
• Support day-to-day operations with ad-hoc analysis
• Communicate and collaborate with other team members and clients to develop solutions as needed
• Work with our revenue cycle project leaders to understand our business processes and to develop reporting and analytics to monitor financial performance
• Compile comprehensive and accurate client facing reports on a timely basis
• Analyze and solve problems quickly and thoroughly
• Use, protect and disclose patients’ protected health information (PHI) only in accordance with Health Insurance Portability and Accountability Act (HIPAA) standards
• Understand and comply with Information Security and HIPAA policies and procedures at all times
• Limit viewing of PHI to the absolute minimum as necessary to perform assigned duties

Qualifications

• Bachelors Degree in finance, accounting, computer science, business or similar discipline or at least two years of experience in a similar position in the healthcare industry.
• Strong working knowledge of Microsoft Excel, including complex formulas, pivot tables, pivot charts, pivot formulas
• Functional knowledge of databases and SQL or professional experience using a major programming language.
• Experience working with customer support/client issue resolution management
• A thorough understanding of best practices for efficiently working with very large data sets in Excel
• Knowledge of insurance company practices regarding reimbursement
• Strong communication skills/oral and written
• Strong organizational skills

Working Conditions

• Physical Demands: While performing the duties of this job, the employee is occasionally required to move around the work area; Sit; perform manual tasks; operate tools and other office equipment such as computer, computer peripherals and telephones; extend arms; kneel; talk and hear.
• Mental Demands: The employee must be able to follow directions, collaborate with others, and handle stress.
• Work Environment: The noise level in the work environment is usually minimal.

Med-Metrix will not discriminate against any employee or applicant for employment because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), political affiliation, military service, veteran status, other non-merit based factors, or any other characteristic protected by federal, state or local law.