Senior Revenue Analyst

Sr. Revenue Analyst

MedStar Health, Inc. has an opening for the full-time position of Sr. Revenue Analyst based at MedStar Health in Columbia, MD.

Job Duties:

• Support the development of long-range financial plans and budgets for Net Patient Service revenue for the System as directed by the Manager, Revenue Analytics, Director, Revenue Analytics and AVP, Revenue Analytics in coordination with local Chief Financial Officers and Finance Business Partners.
• Prepare financial plans in a manner consistent with systemwide standards based on historical trends, growth projections and inflationary assumptions.
• Responsible for analyzing and reporting on revenue performance to support major variances.
• Collaborate with local Chief Financial Officers and Finance Business Partners to document operational drivers of variances and to identify trends and opportunities for improvement.
• Collaborate with local finance teams and various Centers of Excellences (COEs) to ensure consistent revenue budgeting, accurate revenue tracking and reporting, as well as identifying opportunities for revenue growth.
• Perform detailed analysis of revenue by LOB, including trend analysis, variance analysis, and KPI tracking.
• Identify and report on key drivers of revenue performance and areas for improvement.
• Develop and maintain revenue dashboards and reporting tools to provide insights to stakeholders.
• Perform variance analysis as a part of monthly, quarterly and annual financial close cycles.
• Prepare and present regular reports on revenue performance, including monthly, quarterly, and annual reports.
• Ensure accuracy and timeliness of revenue reporting and assist in the preparation of financial statements and presentations.
• Prepare the annual net patient service revenue budget, including but not limited to development of baseline budget submission, collaboration with local finance resources to refine submissions and ongoing adjustment and validation of budgets.
• Prepare annual long-range financial plan through analysis and assessment of historical results, incorporation of inflationary and growth assumptions, incorporation of system and local initiatives including capital project returns and collaboration with local finance business partners for refinement and alignment with systemwide objectives.
• Support the budgeting and forecasting process by providing data analysis and insights.
• Assist in the development of financial models to project revenue and assess the impact of business initiatives.
• Monitor actual performance against budgeted figures and provide variance analysis.
• Identify accounting or financial performance issues uncovered in the performance of duties and escalates for action planning.
• Identify opportunities to improve revenue management processes and reporting.
• Ensure compliance with financial regulations, company policies, and accounting standards.

Requirements:

• Position requires a Bachelor's degree in Business Administration, Finance, or a related field of study. Foreign degree equivalent accepted.
• Position requires three (3) years of experience as a Business Intelligence Consultant, Finance Associate, or related occupation.
• Position requires three (3) years of experience in the following skills: Analyzing revenue data; Financial analysis; Financial reporting; Revenue management; Budgeting; Forecasting; Financial modeling; Analytical skills; Accounting practices; Tableau; PowerBI; and Advanced Excel.
• Position also requires two (2) years of experience in the following skills: Collecting & analyzing healthcare data including financial and operational; preparing budgets, forecasts and month-end analysis that leads to improvement opportunities utilizing tools such as PeopleSoft; Hyperion; Kodiak (formerly known as Crowe) Revenue Cycle Analytics; and SQL.

Location: 10980 Grantchester Way, Columbia, MD, 21044

May telecommute from anywhere in the U.S, and report to the company's headquarters in Columbia, MD.

Salary: $78,832.00 to $109,060.64 per year

Why join MedStar Health?

MedStar Health is a great place to work and grow your career. We provide a supportive and inclusive work environment, comprehensive health and wellness benefits, generous paid time off, tuition assistance, retirement plans, and many other benefits focused on your wellbeing.