Senior Financial Analyst - Emergency Department

Senior Financial Analyst - Emergency Department

Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines. Today at Penn Medicine, someone will make a breakthrough. Someone will heal a heart, deliver hopeful news, and give comfort and reassurance. Our employees shape our future each day. Are you living your life's work?

Job Title: Senior Financial Analyst

Department: Emergency Department

Location: Hospital of the University of Pennsylvania- 3400 Spruce St

Hours: Full Time

Summary: The Senior Financial Analyst supports the entity Finance Team by using advanced analytical and critical thinking skills. The Senior Financial Analyst will be primarily responsible for the revenue cycle accounting process, ensuring accurate reporting of revenues and associated statistics by practice. Maintains the detailed accounting for the multiple revenue streams (Fee-For-Service, Capitated, Value Based), various payment terms (monthly, quarterly, annual), and numerous payor plans.

• Preparation and processing of all month end closing entries for Accounts Receivable and Patient Revenue: FFS, Capitated, Value Based
• On a monthly basis, prepares the following detailed schedules from database sources in order to generate A/R, Allowances, Fee for Service, and Managed Care revenues by practice for financial reporting: Components of net revenue on a monthly and year to date basis Items affecting the change in net accounts receivable from the previous month Charges, payments, adjustments and gross account receivable combining patient accounting systems and tracking accruals A reconciliation of the net accounts receivable per the general ledger to a global valuation of the aged accounts receivable for the entity.
• Analyzes trends & investigates variances to budget
• Participates in the development of the revenue budgets by compiling prior year data and prepping initial file templates for practice staff to complete before being uploaded into Hyperion
• Partners with DOOs and practice managers of selected Regions to build Revenue budgets from visit volume projections
• Participates in building the Practice Operating Budget each year by working with practice management and Assoc. Dir of Financial Planning & Analysis to build detailed practice expense budgets from the bottom up
• Manages our relationship with our partner Vizient who provides our RVU data each month: Ensure they provide the data timely, Ensure the values are accurate, Manage the workflow to account for and report on these values, and Communicate relevant RVU value changes to the team to coordinate reporting and accounting changes necessary
• Oversees the calculation and reporting of the Visit and RVU statistics that we share with our practices
• Works closely with personnel within the corporate department, practices, and across the entity to resolve issues efficiently
• Performs special analysis and projects assigned by the senior finance staff as requested
• Participates in the year-end closing/audit process by reconciling accounts and providing auditors with necessary schedules
• Where applicable, mentor financial analysts and other staff

Credentials:

• Bachelor of Arts or Science (required)Education Specialization: Finance, Accounting or Information Technology
• 4+ years experience in a Finance department, with progressive accounting and budgeting experience, for a Healthcare System. (required)
• 1+ years Experience using Hyperion Essbase / Planning / Reports & EPIC (required)
• 1+ years Experience using Finance/Accounting systems. Lawson Financials (preferred)

We believe that the best care for our patients starts with the best care for our employees. Our employee benefits programs help our employees get healthy and stay healthy. We offer a comprehensive compensation and benefits program that includes one of the finest prepaid tuition assistance programs in the region. Penn Medicine employees are actively engaged and committed to our mission. Together we will continue to make medical advances that help people live longer, healthier lives. Live Your Life's Work

We are an Equal Opportunity employer. Candidates are considered for employment without regard to race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, familial status, genetic information, domestic or sexual violence victim status, citizenship status, military status, status as a protected veteran or any other status protected by applicable law.