What are the responsibilities and job description for the Financial Analyst position at Livingston Regional Hospital?
Description
Join Livingston Regional Hospital, a 114-bed, community hospital certified for sepsis care by the Joint Commission and accredited for chest pain by the American College of Cardiology. As part of the ScionHealth network, Livingston Regional proudly delivers quality care covering all aspects of healthcare, from 24-hour emergency services to inpatient and outpatient rehabilitative, a Level I neonatal nursery, a 16-bed gero-psych unit, and many other specialty services. Livingston serves a five-county area in central Tennessee and southern Kentucky. Grow your career where your work touches your neighbors.
Job Summary
- The Financial Analyst is responsible for compiling, analyzing, and interpreting financial and statistical data to support managed care decision-making, contract analysis, and strategic planning. This role works closely with finance leadership and department managers to assess reimbursement models, monitor payment accuracy, and support financial reporting.
Essential Functions
- Develops and maintains profitability testing and reimbursement models for insurance plans and contracts.
- Analyzes utilization and financial data for presentation to Medical Directors, Case Management, and department leadership.
- Verifies the accuracy of managed care payments and identifies variances or underpayments.
- Assists with the review and negotiation of managed care contract language and terms in collaboration with the CFO.
- Supports comparative data analysis using regional and severity-adjusted benchmarks (e.g. PLM or other sources).
- Provides data and recommendations to finance leadership for decision support and planning.
- Prepares financial reports and reimbursement analyses for executive leadership and department heads.
- Ensures financial data integrity and supports compliance with regulatory and contractual requirements.
Knowledge/Skills/Abilities/Expectations
- Strong analytical and problem-solving skills with attention to detail.
- Proficient in Microsoft Excel and financial modeling tools.
- Working knowledge of healthcare reimbursement methodologies and contract terms.
- Ability to work independently and communicate complex information clearly.
- Familiarity with financial reporting systems and databases.
- Capable of working in a fast-paced, high-pressure environment with minimal supervision
Qualifications
Education
- Bachelor’s Degree in Business, Finance, Accounting, or a related field (Required)
Licenses/Certifications
- Certified Public Accountant (CPA) or Certified in Healthcare Finance Mgmt. Accounting (HFMA) Upon Hire (Preferred) Or
- Certified Management Accountant (CMA) Upon Hire (Preferred)
Experience
- 3 years relevant experience in financial analysis, healthcare reimbursement, or cost accounting (Required) And
- Prior Experience in managed care contracting or payer analytics (Preferred)