Financial Analyst - Comparative Medicine

The Financial Analyst at Houston Methodist is responsible for analyzing financial data compiling reports and supporting departments like Financial Accounting Internal Audit and Revenue Cycle. The role includes routine data analysis monthly reporting and assisting with budgets and performance indicators. Additionally the Analyst supports the Comparative Medicine department by ensuring compliance with regulations for research animal orders and managing supplies pharmaceuticals and invoicing. This position also prepares monthly invoices for cost recovery and collaborates with Supply Chain and Accounts Payable to ensure efficient operations.

PATIENT AGE GROUP(S) AND POPULATION(S) SERVED
Refer to departmental Scope of Service and Provision of Care plans as applicable for description of primary age groups and populations served by this job for the respective HM entity.

HOUSTON METHODIST EXPERIENCE EXPECTATIONS

• Provide personalized care and service by consistently demonstrating our I CARE values:
  • INTEGRITY: We are honest and ethical in all we say and do.
  • COMPASSION: We embrace the whole person including emotional ethical physical and spiritual needs.
  • ACCOUNTABILITY: We hold ourselves accountable for all our actions.
  • RESPECT: We treat every individual as a person of worth dignity and value.
  • EXCELLENCE: We strive to be the best at what we do and a model for others to emulate.

• Practices the Caring and Serving Model

• Delivers personalized service using HM Service Standards

• Provides for exceptional patient/customer experiences by following our Standards of Practice of always using Positive Language (AIDET Managing Up Key Words)

• Intentionally collaborates with other healthcare professionals involved in patients/customers or employees experiential journeys to ensure strong communication ease of access to information and a seamless experience

• Involves patients (customers) in shift/handoff reports by enabling their participation in their plan of care as applicable to the given job

• Actively supports the organizations vision fulfills the mission and abides by the I CARE values

PEOPLE ESSENTIAL FUNCTIONS

• Interacts with all levels within the department other institutional departments and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance.

• Effectively and proactively communicates with all stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics.

SERVICE ESSENTIAL FUNCTIONS

• Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports.

• upports department management with preparation of the annual operating and capital budget. Submits invoices and followsup with industry partners as needed. In addition prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as assigned.

QUALITY/SAFETY ESSENTIAL FUNCTIONS

• Reviews revenue projections budget revisions etc. for physician practice academic department or assigned hospital entity and department(s).

• Monitors and reports key system operational indicators and alerts leadership potential performance issues.

• Follows all internal audit requirements for appropriate system applications.

• Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities.

FINANCE ESSENTIAL FUNCTIONS

• Performs one or more of the following:
  Supports the development of auditing reporting and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing financial performance and contract performance as well as modeling and analysis of potential opportunities.
  Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization profit and loss statement as required.
  Reviews contracts/calculates provider productivity bonuses/compensation models as appropriate.
  Assists in preparation of gift grant and contract budget proposals as needed. Assists in the oversight of departments financial files for all grants contracts and donor funding and verifies that all faculty staff and research personnel are charged to the appropriate funding source via submission of a salary reallocation form as appropriate.

• Utilizes resources effectively and efficiently demonstrating financial stewardship. Manages own time effectively and prioritizes work to achieve maximum results in a timely manner.

GROWTH/INNOVATION ESSENTIAL FUNCTIONS

• Maintains procedures and Standards of Practice (SOPs) for reconciliation process.

• Maintains working knowledge of cost accounting system clinical trials management systems or others and their relationship to other financial and nonfinancial systems. Maintains working knowledge of hospital and physician compensation methodologies and affecting government regulations as applicable.

• Proactively manages own career development. Completes My Development Plan (MDP).

This job description is not intended to be allinclusive; the employee will also perform other reasonably related business/job duties as assigned. Houston Methodist reserves the right to revise job duties and responsibilities as the need arises.

EDUCATION

• Bachelors degree in finance accounting healthcare administration business administration or related field

WORK EXPERIENCE

• One year experience of financial budget or cost accounting preferred

LICENSES AND CERTIFICATIONS REQUIRED

• N/A

KNOWLEDGE SKILLS AND ABILITIES

• Demonstrates the skills and competencies necessary to safely perform the assigned job determined through ongoing skills competency assessments and performance evaluations.

• Sufficient proficiency in speaking reading and writing the English language necessary to perform the essential functions of this job especially with regard to activities impacting patient or employee safety or security.

• Ability to effectively communicate with patients physicians family members and coworkers in a manner consistent with a customer service focus and application of positive language principles.

• Analytical thinking and creative problem solving and ability to define a variety of approraches to business problems

• Understanding of business process analysis system requirements data modeling and functional design

• Project Management skills

SUPPLEMENTAL REQUIREMENTS

WORK ATTIRE

• Uniform No
• Scrubs No
• Business professional Yes
• Other (department approved) No

ONCALL*
*Note that employees may be required to be oncall during emergencies (ie. DIsaster Severe Weather Events etc) regardless of selection below.

• On Call* No

TRAVEL**
**Travel specifications may vary by department**

• May require travel within the Houston Metropolitan area No
• May require travel outside Houston Metropolitan area No

Houston Methodist Research Institute was formed in 2004 to rapidly and efficiently translate discoveries made in the laboratory and the clinic into new diagnostics therapies and treatments. The research institute was created to provide the infrastructure and support for these endeavors and to house the technology and resources needed to make innovative breakthroughs in important areas of human disease. A 540000 square foot building dedicated to research the research institute houses over 1500 staff and trainees 284 principal investigators and has more than 570 ongoing clinical trials.