Senior Financial Analyst
- Ref:
310514
- Type:
Option-to-Hire
- Location:
Berkeley Heights, NJ
- Industry:
Health Care Services
- Job Level:
Experienced Non-Manager
- Pay:
Negotiable
Opportunity Description
We are looking for an experienced and highly motivated Senior Financial Analyst. As the RCM Analyst, you will link management and reporting, requiring strong statistical and critical thinking skills. You will be tasked with reporting, forecasting, and analyzing Revenue, Billing, and Collections operations. You will work closely with the Accounting and Reimbursement teams to monitor and manage accounts receivable, with a keen focus on reducing days outstanding and improving cash flow.
Company Information
Health Care Services-respiratory and infusion
Job Duties
- As the RCM Analyst, you will link management and reporting, requiring strong statistical and critical thinking skills
- You will conduct data analysis to identify revenue cycle performance issues, root causes, and potential solutions, recommending and implementing process improvements accordingly
- Examine existing RCM and finance related reports to understand current operational performance and identify opportunities for operational improvement in areas such as billing, cash collections, and revenue recognition.
- Develop and maintain comprehensive KPI reports related to revenue cycle performance, including metrics such as collection rates, denial rates, and days in accounts receivable.
- Create new metrics, analyses, and reports to further understand business operations and satisfy gaps in understanding
- Provide action-oriented recommendations to leadership based on data-driven evidence
- Partner with the accounting team to monitor and manage accounts receivable, focusing on reducing days outstanding and improving cash flow.
- Prepare and present detailed financial reports to senior management, highlighting key revenue cycle metrics and performance.
- Support month-end close processes by ensuring accurate revenue recognition and reconciliation of accounts receivable.
Education
Bachelor's degree in Accounting, Finance, Business Management, or a related field
Experience & Skills Required
- 5+ years of experience in financial analysis with a focus on revenue cycle management.
- Healthcare industry experience is required.
- Strong understanding of revenue cycle processes, including billing, collections, accounts receivable, and revenue recognition.
- Proficiency in data analysis tools such as SQL, Excel, Tableau, Power BI, or similar platforms
- Experience integrating data analysis into business operations (i.e., assisting with business intelligence)
- Experience working with larger data sets, heavy extract usage environment, and data troubleshooting
- Familiarity with healthcare regulations, compliance requirements, and privacy laws (e.g., HIPAA) is preferred