At Memorial Hermann, we're about creating exceptional experiences for both our patients and our employees. Our goal is to provide opportunities for our diverse employee population that develop and grow careers in a team-oriented environment focused on patient care.
Every employee, at every level, begins their journey at Memorial Hermann learning about the history of the organization and its established culture built on trust and integrity. Our employees drive this culture, and we want you to be a part of it.
Position responsible for performing more complex financial analysis assignments, specifically related to reimbursement issues. Provides creative insights.
Support monthly financial closing process with specific focus on ensuring data content accuracy, preparing models, calculating rate variance explanations and communicating findings. Journal entry preparation and reconciliation is expected.
Research and explain rate variances to budget and understand key performance drivers.
Apply extensive knowledge of healthcare data and ability to retrieve data from various systems such as Lawson, EPSI, SQL Server, Crowe RCA, and Nomad. Advanced skills in Excel and Access are necessary to be successful.
Prior experience supporting physicians and/or previous experience in the healthcare industry highly preferred.
Education: Bachelors Degree in Finance, Accounting or Economics; or equivalent training; Advanced degree preferred
Licenses/Certifications: Certified Public Accountant preferred
Five (5) to seven (7) years work experience.
Demonstrates commitment to the Partners-in-Caring process by integrating our culture in all internal and external customer interactions; delivers on our brand promise of "we advance health" through innovation, accountability, empowerment, collaboration, compassion and results while ensuring one Memorial Hermann.
Prepares complex financial analyses for various projects, including business plans that support new and expanded services and facility and equipment acquisitions as well as managed care and other contract term recommendations.
Provides leadership in the denial management process for the facility.
Participates in the preparation and submission of documentation for long term financing requests.
Assists with the development of the annual budget.
Develops profitability analysis for clinical service lines and payor classes.
Meets with and provides guidance to managers, assisting them in budget preparation or analysis projects.
Trains Corporate and hospital finance staff on budget software system.
Develops trend analysis reports that monitor hospital or corporate key performance indicators and compares them to internal and external benchmarks.
Trains and provides guidance to new Financial Analysts.
Ensures safe care to patients, staffs and visitors; adheres to all Memorial Hermann policies, procedures, and standards, within budgetary specifications, including time management, supply management, productivity, and accuracy of practice.
Promotes individual professional growth and development by meeting requirements for mandatory/continuing education, skills competency, supports department-based goals which contribute to the success of the organization; serves as preceptor, mentor, and resource to less experienced staff.
Other duties as assigned.