What are the responsibilities and job description for the Lead Financial Analyst position at ABC Medical?
ABC Home Medical Supply, Inc is oneof the nation's leading urological supply providers andserves as a one-stopshop with a comprehensive line of medical supplies and service that includes: Urological, Incontinence, Wound Care, and Ostomy. ABC Medical is part of the JDS, Inc family of businesses. Our service companies possess the knowledge and expertise to deliver first-class products and personalized home healthcare services.
Location: Port Saint Lucie
Department: Finance
Summary:
The role of Lead Financial Analyst - RCM FP&A supporting the ABC business is to provide focused finance partnership to Revenue Cycle Management (RCM) and other order to cash functions such as Customer Service and Referral Management. This position is primarily responsible for data mining and analytics to support the Revenue Cycle Management and will partner with leadership to drive the financial reporting and analytics process and "get underneath" the numbers. They are responsible for analyzing financial data, identifying opportunities for improvement, and implementing strategies to increase payments and reduce denials. This role requires a strong understanding of healthcare finance, data analysis, and regulatory compliance. ABC operates in a hybrid work environment requiring 3 days in office.
Responsibilities:
80% - Revenue Cycle Management Financial Analysis Support
- Partner with RCM and Order to Cash Leadership to provide finance and analytical support
- Use tools such as Power BI, Power Query, etc. to manipulate very large sets of data to drive analysis across AR aging, collection rates, bad debt, and payer adjustments
- Prepare, interpret and analyze financial data, business metrics, and report on KPI's focused on Collectability (Payment, Write-offs, and recoupments), denials and audits
- Model, forecast and track impact of initiatives to improve overall collectability
- Prepare monthly Collectability and Write Off Reporting including Denials, Audits, etc.
- Prepare financial and statistical reports and monitor trends and variances.
- Manage and manipulate data as required to maintain financial models.
- Complete special projects and provide ad-hoc analyses as requested
- Partner with Order to Cash team to manage SG&A and drive efficiencies
20% - Financial Planning & Analysis
- Assist with annual budget and monthly forecasting and closing process
- Improve and drive Monthly OPEX and Headcount reporting for Order to Cash Function
- Complete special projects and provide ad-hoc analyses as requested
Requirements:
- 8 years of Finance Experience with 3 Years financial planning and analysis, Revenue Cycle, Reimbursement, Cost analysis in a healthcare related field
- Bachelor's degree in Finance/Accounting or equivalent degree. MBA and/or CPA preferred
- Ability to effectively partner and communicate with US leadership Team and think cross-functionally
- Ability to manipulate large sets of data in multiple databases is required.
- Ability to utilize Microsoft Excel and Power BI on a routine basis and will need to be an advanced user of these products.
- Ability to apply financial concepts and connect financial opportunities
- Ability to effectively prioritize multiple demands and meet deadlines
- Strong analytical skills and financial modeling skills
- Experience with Brightree is preferred
- Speak/write in English
Our Total Rewards package in aggregate is above market and includes competitive pay, paid time off programs, peer-to-peer recognition, health and life insurance, wellness programs and incentives and generous retirement savings.
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The anticipated base salary range for this position is $85,000 - $110,000. The actual salary varies based on applicant's location, education, experience, skills, abilities, and other legitimate business factors.
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The Company's health and welfare benefits include medical, prescription, dental, vision, spending/savings accounts, disability, company paid parental leaves, statutory leaves/disability programs, accident, and life.
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The Company's 401(k) Retirement Savings Plan includes: auto-enrollment, ROTH, vesting and eligible participants "safe harbor" matching contributions.
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The Company's paid time off benefits include: 8 paid holidays, paid vacation based on length of service and exempt/non-exempt status, and sick days based on statutory requirements and/or exempt/non-exempt status.
Job Req ID: 35305
EOE Statement:
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Team members shall adhere to high standards of ethical conduct and will comply with and assist the Company in complying with all policies and applicable laws and regulations.
Accommodations Statement:
ABC Medical endeavors to make www.abc-med.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact the ABC Medical HR Department at HR@abc-med.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
ABC Medical is an EO employer – M/F/Veteran/Disability
Salary : $85,000 - $110,000