Business Process Associate Jobs in Elizabeth, PA

GENERAL OVERVIEW:

Business Forecasting Associate develops and utilizes sophisticated financial models to forecast performance, assess risks, and inform key decisions, effectively communicating findings to institute finance and operational leadership. Responsibilities include supporting the monthly close process, RCM performance analysis (KPIs, reporting, revenue/expense modeling), physician compensation analysis, workforce management (labor cost analysis, efficiency modeling), and project management for acquisitions, new initiatives, and other strategic initiatives. Strong communication skills are essential for effective collaboration with peers, management, and stakeholders across the organization.

ESSENTIAL RESPONSIBILITIES

• Develops sophisticated financial models to forecast financial performance, assess risks, and support decision-making. Effectively communicates complex financial information to both financial and non-financial stakeholders.
• Supports monthly close and operational review meetings, including document ownership, active participation during review meetings, and providing financial recommendations for improvements.
• Supports the Revenue Cycle Management (RCM) team by conducting financial analysis of key performance indicators, prepares reports and dashboards to track RCM performance, and responsible for modeling projected revenue and expense. Collaborates with RCM staff to investigate and resolve revenue reporting discrepancies.
• Supports Workforce Management by analyzing labor cost data, model strategic plans to improve workforce efficiencies, and model productivity impacts against workforce requirements
• Analyzes physician incentive compensation to ensure accuracy of contractual payments and provides analytical support for new compensation modeling.
• Project manages business plans for potential practice acquisitions (including due diligence), along with physician recruitments, and new program development
• Performs ad-hoc analyses to track performance and outcomes against projected results for multiple concurrent projects
• Performs other duties as assigned
• Other duties as assigned or requested.

QUALIFICATIONS:

Required

• Bachelor's degree in Finance, Accounting, or Business or relevant experience and/or education as determined by the company in lieu of bachelor's degree.
• 1 year of experience working with spreadsheet, presentation and other data management tools

Preferred

• Master's degree in Finance, Accounting, or Business
• 1 year of Experience with Physician practices

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.
Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company's Handbook of Privacy Policies and Practices and Information Security Policy.
Furthermore, it is every employee's responsibility to comply with the company's Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

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