Decision Support Analyst Jobs (NOW HIRING)

Description
JOB SUMMARY
Under the direction of the CFO, the Finance/Decision Support Analyst performs at an advanced level all aspects of hospital/health care financial analysis, using knowledge of healthcare systems, data, reporting and project management to support clinical and administrative functions.
The analyst:
1. Manages multiple and simultaneous projects ranging from moderate to complex and effectively bringing projects to completion in a timely manner using a collaborative approach.
2. Works with administrative and clinical leadership to produce financial data and analyses needed for decision support
3. Exhibits a high level of attention to detail, a strong understanding of financial systems/processes and controls, and strong customer service and communication skills.
ESSENTIAL FUNCTIONS OF POSITION
• Serves as liaison to hospital departments for matters related to hospital financial performance and budgets
• Uses understanding of clinical operations to work with providers to build business plans for new programs
• Compiles reliable data for board of trustees and foundation financial reports; works with department directors/VPs to present relevant financial data to boards on specific programs
• Consistently analyzes and improves methodologies for profit/loss reporting and other decision support tools.
• Works on hospital matters with UMMS corporate departments, including Accounts Payable, Revenue Advisory Services, and Compliance
• Provides analysis and documentation for physician billing and contracting
• Works with IT on system/operational matters to improve financial performance
• Works with departments to define and produce regular and ad-hoc financial reports for decision support
• Oversees internal audit processes in payroll, revenue, and other areas.
• Works with clinical departments on charge master and revenue projects to assure complete and accurate billing, and compliance with state guidelines
• Works with excellent customer service skills with all customers, including hospital leadership, clinicians, other employees and patients/families.
• Manages annual budget process, working with department leaders and consolidating for hospital-wide review
• Coordinates month-end close process, reviewing financial statements for correctness and completeness.
POSITION REQUIREMENTS
Educational Requirements
• Bachelor's degree required; Master's degree preferred
Licensure, Certification and Registration
• Work Orientation and Experience
• Knowledge, Skills and Abilities
o Excellent oral and written communication skills
• Other Requirements Specific to Assigned Area
• None
• Five years work experience in healthcare strongly preferred
• Knowledge of health care financial environment and Maryland all-payer system and its implications for hospital revenue
• Advanced knowledge of Microsoft Excel
• Knowledge of operations and capital budgeting and expense tracking
• Uses internet and variety of other sources for business development/market research
• Knowledge of hospital information systems to provide data and analysis
• Excellent customer relations skills
REPORTING RELATIONSHIPS
• Supervision Received
• Supervised by CFO
• Supervision Exercised
• None
INTERPERSONAL RELATIONSHIPS
• Communicates daily in person or by telephone with hospital staff, patient families, regulatory agencies, and corporate offices
• Must be able to handle sensitive situations in a professional manner
TOOLS/EQUIPMENT USED
• Computer, telephone, calculator, facsimile, copier, and other office equipment
PHYSICAL ENVIRONMENT/WORKING CONDITIONS
• General office setting little or no risk or exposure to bodily fluids, infectious waste, or blood borne diseases will be instructed in the proper use of personal protective equipment and specific protocols if assigned to duties where this may be of risk. Occasional local travel may be required.
This job description identifies the general nature and level of work to be performed. It is not to be considered an exhaustive list of responsibilities, duties or skills required of an incumbent. Reviewed 12/3/19 Updated 1/25/2021