Senior Financial Analyst - REMOTE
Who we are:
At Lifepoint Health, we provide quality healthcare to rural communities. As a valued member of our team, you will be an integral part of a group working together to elevate Lifepoint's healthcare delivery network. Our network includes 60+ community hospitals, 60+ rehabilitation/behavioral health hospitals, and 250 additional sites of care across the United States. As an organization, we are dedicated to serving communities nationwide by providing exceptional care. We believe in the power of our talented teams and strive to create environments where employees find purpose and fulfillment.
What you’ll do:
As a Senior Financial Analyst - Managed Care , you will provide analytics and decision support by translating payer contract rates and terms, patient volume, and utilization trends into actionable insights to facilitate the strategic positioning of revenue, payer contracts, and overall network strategy. The Sr. Financial Analyst works closely with Managed Care leaders to prioritize what-if modeling and reporting needs and ensure provision of timely and accurate deliverables.
To be successful in this role, the Sr. Financial Analyst must be able to think critically and self-guide their work without detailed instruction. The right individual will be open to change, suggest ideas for process improvement, and have a positive attitude and enthusiastic approach to problem-solving.
Responsibilities:
Model hospital, physician, and ancillary managed care contracts using Excel and/or other modeling tools to quantify contractual value.Collaborate with Managed Care leaders to report the financial impact of changes in fee-for-service and value-based contract rates and terms to allow for informed decision-making during negotiations with payers. The Sr. Financial Analyst must understand and translate complex payer contracts and payment methodologies.Utilize various Business Intelligence (BI) tools to gather, manipulate, and analyze data to provide insight into payer contract performance.Design, develop, and deliver ad hoc reporting and analyses using SQL, Power BI, and other query tools. This may include payer policy quantitative impact analysis, service line volume trends, litigation support, chargemaster optimization, and other analysis as needed.Build reporting models requiring an understanding of business processes, reporting needs, and a complex information system. An understanding of relational databases is preferred.Review and abstract contract language that significantly impacts hospital reimbursement.Update standard managed care reports per their reporting schedule or as needed.Assist with training and mentoring of other analytic team members.Coordinate with managed care negotiators to identify updates to managed care contracts.Distribute new and updated managed care contracts to impacted stakeholders (internal and external). Research and/or locate missing information related to managed care contracts.What you’ll need:
EDUCATION: This position requires a Bachelor’s Degree required (Business, Mathematics, Finance, Information Systems, or other quantitative field of study)
EXPERIENCE: A minimum of 3 years of experience in health care
Why choose us:
As a team member of the Health Support Center, our goal is to support those that are in our facilities who are interfacing and providing care to our patients and community members. Our focus is to attract, retain, and empower a diverse and determined workforce. Our mission statement is at the heart of who we are and what we do: “Making Communities Healthier.” In this shared mission, we believe that our collective efforts will shape a healthier future for the communities we serve.
Benefits: We offer an excellent total compensation package, including a competitive salary and benefits. Some of our benefits include 401k, flexible PTO, generous Employee illness benefit (EIB), medical, dental, vision, tuition reimbursement, and an Employee Assistance Program. We believe that happy, healthy people have a passionate engagement with life and work and have designed our package to enhance your wellbeing.
Equal opportunity and affirmative action employers and are looking for diversity in candidates for employment: Minority/Female/Disabled/Protected Veteran