Financial Analyst III
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- Owensboro, KY
- Owensboro Health System
- Decision Support
- Full-time - Days
- Work Hours: 7:30AM - 4:30PM
- FTE: 1.0 (80 hrs biweekly)
- Req #: 21181
Summary
Job Summary
Provides analysis of financial operations and information to provide decision support to executive staff and responsible for project results and completion.
Job Responsibilities
- Utilizes Statistical Process Control (SPC) principles to provide recommendations for improvements in processes and outcomes by mining data from various sources.
- Performs statistical, cost, and financial analysis of data compiled from various sources.
- Prepares reports and makes recommendations based on findings, including health care costs, provider contracts, debt capacity, revenue, and profitability.
- Identifies trends/patterns, causes for variation, and opportunities for improvement.
- Assists with budget preparation and financial planning processes.
- Assists with budget review for compliance and opportunities.
- Collaborates extensively with the clinical team to improve quality and completeness of documentation related to care provided and core measures.
- Collaborates with and serves as expert with assigned areas, committees and improvement teams in data collection, data analysis, and data reporting.
- Serves as consultant to all levels of management to provide decision support for initiatives, policies, and procedures.
- Serves as internal expert and resource for improvement teams regarding strategies, plans, and tools.
- Helps design and facilitate programs, meetings, and education on quality improvement.
- Compiles and analyzes information for peer review, medical staff credentialing, and reappointment.
- Establishes procedures to ensure the accurate collection, summarization, reporting, and interpretation of data mined.
- Ensures compliance with regulatory and Joint Commission requirements.
- Performs special projects and duties as assigned, including necessary research, forecasting, and conflict resolution.
- Mentors team members.
- Researches and applies industry benchmarks and practices.
Qualifications
- Bachelor's degree or higher in Accounting required upon hire OR
- Bachelor's degree or higher in Business Administration required upon hire OR
- Bachelor's degree or higher in Finance required upon hire OR
- Bachelor's degree or higher in healthcare related field required upon hire
- A combination of education, training and experience may be considered in lieu of degree.
- A minimum of 4 years' relevant experience required
- No licensure/certification/registration required
Skills and Attributes
- Requires critical thinking skills and decisive judgment.
- Works under minimal supervision.
- Must be able to work in a stressful environment and take appropriate action.
- Requires an in-depth understanding of the specialized concepts, practices, and procedures in the area of specialization.
- Utilizes in-depth knowledge of the specialization as well as business needs to recommend appropriate action.
Physical Demands
- Standing: Occasionally
- Walking: Occasionally
- Sitting: Frequently
- Lifting 0-25 lbs: Rarely
- Lifting 25-75 lbs: Never
- Lifting over 75 lbs: Never
- Carrying 0-25 lbs: Rarely
- Carrying 25-75 lbs: Never
- Carrying over 75 lbs: Never
- Pushing/Pulling 0-25 lbs: Rarely
- Pushing/Pulling 25-75 lbs: Never
- Pushing/Pulling over 75 lbs: Never
- Climbing: Rarely
- Bending/Stooping: Rarely
- Kneeling: Rarely
- Crouching/Crawling: Rarely
- Reaching: Occasionally
- Talking: Frequently
- Hearing: Occasionally
- Repetitive Foot/Leg Movements: Never
- Repetitive Hand/Arm Movements: Frequently
- Keyboard Data Entry: Frequently
- Running: Never
- Vision: Depth Perception: Frequently
- Vision: Distinguish Color: Frequently
- Vision: Seeing Far: Frequently
- Vision: Seeing Near: Frequently
Owensboro Health Core Commitments
INTEGRITY - We conduct ourselves with a high level of responsibility, reliability and honesty because we take seriously the trust of our patients and coworkers.
RESPECT - We value and accept the unique talents and contributions of every patient, customer and team member in the Owensboro Health community.
TEAMWORK - We build a spirit of connectivity and fellowship by striving together to overcome obstacles, surpass goals, celebrate accomplishments and plan the future.
INNOVATION - We foster original ideas and creative solutions that improve our daily work and promote the mission of Owensboro Health.
SERVICE - We focus on service to patients, customers and team members by anticipating their needs, thoughtfully meeting those needs and continually improving the quality of everything we do.
EXCELLENCE - We reach beyond basic expectations to expand our knowledge and awareness, produce exceptional work and provide outstanding service.