SR FINANCIAL ANALYST

Southwest General Health Center is a 352-bed community hospital located in Middleburg Heights, Ohio. One of the last standing community hospitals in Northeast Ohio, we partner with University Hospitals and other local community organizations to provide a full range of services to all who need us. We are certified as a Level III Trauma Center and a Primary Stroke Center, and have been serving our community for over 100 years!

At Southwest General, we believe in the power of teamwork, creating a family-like environment, ensuring a work-life balance, and providing meaningful work to make a real difference in people’s lives.

We value our employees as much as our patients, offering a supportive work culture that encourages growth, development and collaboration.  We’re committed to building a team that works together, supports each other, and ultimately, saves lives every day.

At Southwest, you are family.

Position Summary:  The Sr. Financial Analyst will participate in the coordination and preparation of: budgets for the Health System; maintain accurate cost accounting information through periodic review of charge, expense and relative value units or other measurements and statistics used for allocations; tax returns for the Health System; cost reporting for governmental agencies; provide analytical support for reengineering/quality improvement initiatives; maintain labor productivity system along with corresponding statistical information and participate in other special projects and financial analysis as required. This position also serves as technical resource for information systems and assists with the implementation and administration of Financial information systems. This position completes routine analysis and planning of net revenue valuation on a routine monthly basis as well as annual budgeting.

This position is proficient in various software programs including but not limited to: Excel, Access, Crystal Reports, Lawson, budget software, and cost accounting software. Promptly, accurately and clearly responds to customer requests. Provides a high level of quality to requestors both inside and outside the department. Interacts professionally with customers.

Minimum Qualifications:

Education:  Bachelor degree in Business with a major in Accounting/Finance

Required length and type of experience:  Minimum 3 years of accounting experience in a hospital, intermediary or public accounting firm.

Required licensure, certification or registry:  CPA or MBA a plus

Below are the duties and responsibilities for this position:

• Decision support, system report writing, financial analysis, produce Service Line Reports. Lawson system management, report writing, trouble shooting. Finance Liaison for Department Managers-explain month end reports, systems, etc. Various other tasks as assigned.
• Reimbursement Analysis:
  • Analyze medical claim reimbursement compared to contracted rates
  • Understand and communicate updated governmental rates for medical facilities and providers.
  • Analyze and identify trends in payment practices and payer mix
  • Compile assumptions and workpapers in support of the annual net revenue budgeting process
  • Identify monthly budget variance in net revenue and quantify impact of changes in volume, rates and payer mix
  • Review Federal Register for methodology and changes therein of Medicare reimbursement
  • Maintain knowledge base of alternative payment methodologies (MACRA, MIPS, Value Based Purchasing, others)
• Budget and strategic planning software system administration:
  • Understands budget process (company wide communications and data required for completion). Includes understanding of internal and external data sources such as Financial Services G/L and A/R, Human Resources Payroll and Position Control and Patient Accountings Claims Management System.
  • Understands expectations and limitations of budget software in order to make necessary adjustments and ensure overall accuracy. Includes understanding of various software products utilized in the budgeting process including excel, access, dbase, monarch, Crystal Reports, Healthquest, Lawson, Cerner and SRC budgeting. Provide educational support to associates with responsibility for completing a budget request, including the process, completion of forms and the interpretation of data. Coordinate revision of budget databases within established Budget Calendar timeframes.
  • Coordinates monthly maintenance, interfaces and routine reports required for responsibility reporting purposes.
• Cost accounting process coordination and software system administration:
  • Maintain cost accounting system to provide educational assistance to departments to ensure an appropriate allocation of cost to units or procedures. Understand cost apportionment methodology and definitions ie: fixed/variable, direct/indirect, routine/ancillary, etc.
  • Understands software update/maintenance requirements and end-user access and capabilites. Range of functions includes knowledge of data elements, database maintenance, program process, balancing/verification of results, problem resolution and reporting.
  • Coordinates accurate interfacing and validating of data between general ledger, payroll, Medicare cost report files and other systems.
  • Preparation of tax returns; including specific knowledge of tax software
• Productivity and/or Benchmarking process coordination and software system administration:
  • Maintain productivity and/or benchmarking system to provide educational assistance to departments to ensure an appropriate allocation of cost to units or procedures.
  • Understand cost apportionment methodology and definitions ie: fixed/variable, direct/indirect, routine/ancillary, etc.
  •  Understands software update/maintenance requirements and end-user access and capabilities. Range of functions includes knowledge of data elements, database maintenance, program process, balancing/verification of results, problem resolution and reporting.
  • Coordinates accurate interfacing and validating of data between general ledger, payroll, and other systems.
  • Understand report writer and assist with report requests.
  • Provides technical and software support for cost, budget, productivity and benchmarking systems. Recommends charges, enhancements, improvements to current computer systems.