Salinas Valley Health

Role Description The Senior Financial Analyst will partner with Managed Care Contracting and is responsible for providing advanced analytics to meet the strategic financial goals in Salinas Valley Health’s payor contracts. This position interacts with internal and external parties regarding communication/questions about rates and terms, rate structure and development, and reconciliation of contract provisions and disputes. - Evaluate and develop hospital, physician, and ambulatory rate proposals. - Familiar with various reimbursement methodologies. - Strong analytical and critical thinking skills to analyze large data sets. - Develop, maintain, and provide regular reporting on financial performance of the contracts. - Support revenue integrity efforts and contract department performance and accountability review. - Develop “what if” modeling related to expected revenues associated with contract negotiations. - Assess and evaluate counter proposals from Health Plans and the impact to hospital financials. - Function as the Master System User for the Axiom financial system. - Manage updates, write high-level reports, and coordinate system development/fixes. - Solid knowledge base in cost accounting and ability to use the Salinas Valley Health cost accounting system (Strata). - Assemble and summarize data; prepare reports; make presentations of findings, analyses, and recommendations. - Develop and maintain financial reporting: Daily Census & Other Key Indicator Reporting, Financial Metrics and Reporting, Account Receivable Reporting Enhancement, Net Revenue Improvement Tools, Physicians Report Cards, Design of various Decision Support Analytics, and Labor Reports. - Responsible for extensive evaluations, reconciliations, and interfacing of various financial and clinical systems including Workday, API Business Analytics, Navigator, and the Axiom Financial System. - Improve financial and operational status by analyzing results and variances; identifying trends; recommending actions. - Develop and design various budgeting management tools. - Prepare and support the development of the annual operating and capital budget. - Create data extracts from feeder systems using high-level critical thinking skills. - Assist in the maintenance of the Strata cost accounting system. - Develop reports and/or extracts data from the Strata system for use in analysis. - Prepare and develop profitability reports based on Cost Accounting tools. - Prepare and develop tools for auditing vendor contracts and reporting on vendor spending/performance. - Perform other duties as assigned to enhance the overall efficiency of the Hospital’s record processing and keeping functions. - Demonstrate respect and regard for the dignity of all patients, families, visitors, and fellow employees. - Promote effective working relations and work effectively as part of a department/unit team. Qualifications - A Bachelor Degree in Business, Finance, Accounting, Economics or related major required. Requirements - Three to five years minimum experience in healthcare, health insurance, or similar business. - Experience in finance, including cost accounting and preparation of complex annual operating and capital budgets. - Ability to work independently, manage competing priorities, and take ownership of projects. - Strong Excel skills (i.e., Pivot Tables, Macros, advanced Formulas, etc.). - Ability to quickly learn new systems and independently extract data from cost accounting, budget, and GL systems. - Axiom or other budgeting systems experience is preferred. Benefits - The hourly rate for this position is $46.80 - $56.80. - For remote employees, pay will be adjusted based on the cost of living and market rates in the employee’s geographic location. Company Description If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!