Senior Business Analyst

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Job description

GENERAL SUMMARY:

Working under the general direction of the Finance Director and the Sr. Project Manager, the Sr. Business Analyst is responsible for financial reporting, analysis, and forecasting including management reporting, financial modeling, financial and budget impact analysis, and budgeting and revenue forecasting. The Sr. Business Analyst must understand revenue cycle issues for the assigned practice and identify opportunities to improve overall billing performance or explain variances from budget projections. The analysis includes review of budget projections, performance data, and the revenue cycle to understand key influences on the Cancer Center's financial performance. The Sr. Business Analyst prepares summaries and reports for Administrative Management for review and comment.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Conduct analysis (performance, variance and financial) on both the General Hospital and Physician Organization performance
• Create/update monthly reports which include but are not limited to: financial performance reporting, budget and revenue forecasting, RVU modeling, and billing cycle reconciliation Review current performance results (charges, income, accounts receivable, collection rates) and compare these to budget projections and prior year performance
• Current performance may also include review of the Cancer Center's charge submission practices, interface billing issues, dictionary reviews, coding needs, unique system set-up issues, specific payer responses etc
• Proactively identify opportunities and key issues for the Center. This may be high-level payer analysis or more discreet analysis of particular CPT codes or payer issues.
• Develop customized reports to address specific questions raised
• Summarize findings in report or presentation format
• Collaborate with other areas for exchange and verification of information and present findings; this will include presentation and summary of analysis
• Analyze and project spending impacts on cash, depreciation budgeting and forecasting, and year end reconciliation
• Routinely analyzes, budgets/forecasts, enforces policies and reports on spending on capital asset funding from philanthropy, research grants, and other non-operating sources
• Monitor and report on capital tail activity with a particular focus on prior year tail.
• Uses Vision, PeopleSoft, and other information systems, as necessary, to monitor and provide management information on status of capital projects, including spending versus budget, on regular basis.
• Coordinates with all levels of the organization to manage capital projects, including funding, project spending and time frame and timely reconciliation and close out.
• Responsible for ensuring accuracy of capital-related components of operating budget and month end results.
• Ensures capital activity is compliant with accounting principles, policies and regulations
• Prepares return-on-investment analyses for proposed capital projects, special projects and strategic initiatives
• Maintains accurate records and databases
• Assists with other management, budget, and ad hoc assignments as required
• Assist in the management of the Cancer Center faculty compensation plan
• Develop understanding of network affiliations and associated contracts with the ability to quantify contract terms for budgeting and performance management

Qualifications

QUALIFICATIONS:

• Bachelor's degree required, MBA degree with financial analysis experience preferred, 3-5 years experience in financial analysis required
• Experience in a professional healthcare setting is preferred

SKILLS/ ABILITIES/ COMPETENCIES REQUIRED:

• Excellent financial and operational analysis skills
• Solid understanding of healthcare billing, finance and accounting principles
• Familiarity with Epic billing/scheduling systems
• Strong analytical and presentation skills
• Excellent oral and written communications skills
• Ability to present information and respond to questions from multiple levels of staff, including but not limited to Chiefs, Executive and Administrative Directors, Managers, providers
• Ability to define problems, collect data, establish facts and draw valid conclusions.
• Ability to read, analyze and interpret financial and operational date and/or governmental/payer regulations
• Expert knowledge of accounting principles and practices as applicable to health care and non-profit organizations
• Excellent interpersonal skills, including strong customer service orientation and problem resolution; ability to work effectively as a member of team
• Must be extremely well organized and have solid time management skills in order to handle multiple tasks simultaneously under sometimes tight deadlines
• Self-motivated, inquisitive, resourceful, organized and able to take initiative; take-charge ability, including knowledge of resources to answer questions, research data and information and display independent judgment. Interested in improving processes over time
• Comfortable operating in a complex, matrix organization with minimal supervision and oversight
• Exceptional judgment and discretion on sensitive fiscal and confidential issues.
• Proficiency in Microsoft Office suite (Excel, Word, Access, and Outlook) required
• Basic SQL for extracting data from data warehouse
• Ability to distinguish and separate pertinent information from noise

EEO Statement

Massachusetts General Hospital is an Equal Opportunity Employer. By embracing diverse skills, perspectives and ideas, we choose to lead. Applications from protected veterans and individuals with disabilities are strongly encouraged.