Financial Analyst, Emergency Medicine

Position: Financial Analyst, Emergency Medicine       

Location: Boston, MA

Schedule: 40 hours per week, Hybrid (4 days/week on-site)

ABOUT BMC:

At Boston Medical Center (BMC), our diverse staff works together for one goal — to provide exceptional and equitable care to improve the health of the people of Boston. Our bold vision to transform health care is powered by our respect for our patients and our commitment to ensure everyone who comes through our doors has a positive experience.

You’ll find a supportive work environment at BMC, with rich opportunities throughout your career for training, development, and growth and where you’ll have the tools you need to take charge of your own practice environment.  

POSITION SUMMARY:

The Financial Analyst provides analytical support to the cash management, capital and financing decisions made by the Chair of Emergency Medicine, Senior Physician and Administrative Leadership. Assists in the development of the annual operating budget, prepares weekly/monthly statistical reports, and supports department leadership. Develops integrated revenue/expense analyses, projections, reports, and presentations. Communicates findings and makes recommendations to the Chair and directors or other team members as appropriate. Performs financial forecasting and reconciliation of internal accounts.

JOB RESPONSIBITLIES:

• Participates in the planning of ongoing revenue enhancement projects, including developing project deadlines. 
• Works with Finance Manager and Directors of Revenue Enhancement and Practice Support to provide analytical and operational assistance in the financial evaluation of professional billing accounts receivable and denials.
• Incorporates corporate-level analysis and applies this appropriately to individual department budgets.  Assists in the preparation and validation of a final revenue budget package that is ultimately presented to the Department, BUMG and BMC Leadership. 
• Assists in the implementation of billing policies and procedures and resolves billing process issues for the Emergency Department.  Assists in the development/implementation of fiscal controls related to the revenue cycle, including formalizing the reporting and monitoring of credit balance/refund processes and unprocessed cash reconciliations within the framework of FPP policies. 

• Analyzes monthly and quarterly data to identify trends and issues.  In conjunction with leadership, investigates problems and implement solutions. 
• Develops, monitors, reports and analyzes benchmarks and key indicators for billing, A/R and receipts at the physician, division and department level.  Uses detail analysis to identify potential issues and works with the billing agent and coding/reimbursement staff to resolve questions. 
• Responsible for developing and maintaining the necessary tools (regular financial/statistical reporting, exception reporting, etc.) to track and analyze operating results, and for utilizing trend, forecasting, best demonstrated practices, etc. to identify opportunities for improvement
• Develops, monitors and reports on effectiveness of outside collection agencies.  Uses detailed analysis to determine effectiveness of those agencies and make recommendations as appropriate to improve performance

(The above statements in this job description are intended to depict the general nature and level of work assigned to the employee(s) in this job. The above is not intended to represent an exhaustive list of accountable duties and responsibilities required).

JOB REQUIREMENTS

EDUCATION:

• Bachelors Degree required, with preference for concentration in Economics, Business, Accounting or Finance.
• Master in Business or Public Administration preferred.

EXPERIENCE:

• Minimum of 2 -3 years professional experience in a financial analysis or accounting function.
• Experience may be waived for candidates with a Masters' degree.

KNOWLEDGE AND SKILLS:

• Advanced MS Excel, Word, Access, and PowerPoint skills.
• Experience with or ability to learn Lawson and additional application systems.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes
• Ability to interpret financial data and operating metrics
• Requires superior interpersonal skills and excellent written and verbal communication skills
• Ability to operate effectively in a fast-paced constantly changing environment.

JOB BENEFITS:

• Competitive pay
• Tuition reimbursement and tuition remission programs
• Highly subsidized medical, dental, and vision insurance options
• Career Advancement/Professional Development: Access a wealth of ongoing training and development opportunities that will not only enhance your skills but also expand your knowledge base.
• 33 days of paid time off
• 403b plan with company match after 1 year

ABOUT THE DEPARTMENT:

As the primary teaching hospital for Boston University Chobanian & Avedisian School of Medicine and BU schools of public health and dentistry, intellectual rigor shapes our inquiries. Our research is led by a belief that skin color, zip code, and financial circumstances shouldn’t dictate health.

Boston Medical Center is an Equal Opportunity/Affirmative Action Employer. If you need accommodation for any part of the application process because of a medical condition or disability, please send an e-mail to Talentacquisition@bmc.org or call 617-638-8582 to let us know the nature of your request.

Equal Opportunity Employer/Disabled/Veterans