Financial Analyst
Financial Analyst
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Job Description
Job Title: Financial Analyst
Job Code: 1529
Department: Finance Administration
Exempt/Non-Exempt: Exempt
Mary Free Bed Summary
We have the great privilege of helping patients and families re-build their lives. Its extraordinarily meaningful work and the reason we greet the day with optimism and anticipation. When patients Ask for Mary they experience a culture that has been sculpted for more than a century. Our hallmark is to carefully listen to patients and innovatively serve them. This is true of every employee from support staff and leadership to clinicians and care providers.
Mary Free Bed is a not-for-profit nationally accredited rehabilitation hospital serving thousands of children and adults each year through inpatient outpatient sub-acute rehabilitation orthotics and prosthetics and home and community programs. With the most comprehensive rehabilitation services in Michigan and an exclusive focus on rehabilitation Mary Free Bed physicians nurses and therapists help our patients achieve outstanding clinical growing Mary Free Bed Network provides patients throughout the system with access to our unique standard of care
Mission Statement
Restoring hope and freedom through rehabilitation.
Employment Value Proposition
At Mary Free Bed we take pride in our values-based culture:
- Focus on Patient Care. A selfless drive to serve and heal connects all MFB employees.
- Clinical Variety and Challenge. An inter-disciplinary approach and a top team of professionals create ever-changing opportunities and activities.
- Family Culture. We offer the stability of a large organization while nurturing the family/team atmosphere of a small organization.
- Trust in Each Other. Each employee knows that co-workers can be trusted to make the right decision for our family patients staff and community.
- A Proud Tradition. Years of dedicated quality service to our patients and community have yielded a reputation that fills our employees with pride.
Summary
The Financial Analyst will provide specialized technical and analytical support for operations business intelligence financial planning costing financial forecasts strategic growth revenue cycle budgets and the overall strategic direction of the organization. Responsibilities include but are not limited to accessing databases and utilizing reporting tools to extract data develop business proformas/plans perform data analysis generate reports/visualizations and present recommendations to leadership that influence sound decision making. This role may require interfacing with gathering information from and making presentations to various levels of management and executive leaders.
Essential Job Responsibilities
Financial Analysis & Reporting:
- Analyze financial statements and operational data to support decision-making.
- Develop reports and dashboards to track key performance indicators (KPIs) related to reimbursement and financial performance.
- Assist in variance analysis budget preparation and forecasting.
- Support month-end and year-end financial close processes.
Reimbursement & Cost Reporting:
- Assist in preparation of Medicare and Medicaid cost reports to ensure accuracy and compliance.
- Assist in developing reimbursement strategies to optimize revenue from government and private payers.
- Monitor and assess changes in reimbursement regulations and policies.
- Conduct financial modeling to assess the impact of reimbursement changes.
Workday Financials & Systems Support:
- Utilize Workday Financials for financial reporting budgeting and analysis.
- Collaborate with IT and finance teams to optimize Workday financial modules.
- Ensure data integrity and accuracy within Workday and other financial systems.
- Perform other duties and projects in support of departmental and corporate objectives and initiatives as assigned.
- Well embrace all people by:
- Treating everyone with dignity and respect.
- Opening more doors to opportunity for others to succeed.
- Growing talent and people.
- Ensuring a welcoming experience for all we serve regardless of origin race religion disability sexual orientation or socioeconomic status.
- Taking action against discrimination.
- Honoring our differences and how we collaborate.
- Educating staff patients and the communities we care for.
- Restoring hope and freedom together
Customer Service Responsibilities
Demonstrate excellent customer service and standards of behaviors as well as encourages coaches and monitors the same in team members. This individual should consistently promote teamwork and direct communication with co-workers and deal discretely and sensitively with confidential information.
Responsibilities in Quality Improvement
Contribute by identifying problems and seeking solutions. Promote patient/family satisfaction where possible; participates in departmental efforts to monitor and report customer service.
Essential Job Qualifications
- Bachelors degree in Finance Accounting Healthcare Administration or relevant field of study
- Minimum of 3-5 years of experience in healthcare financial analysis reimbursement or cost reporting.
- Experience working with Medicare and Medicaid reimbursement methodologies.
- Advanced proficiency with Microsoft product suite (MS Word Excel Power Point Access and Visio) financial systems/software and business intelligence reporting tools.
- Must possess a high degree of analytical quantitative evaluative and problem-solving skills
- Strong attention to detail and organizational skill with a strong understanding of healthcare finance and compliance.
- Demonstrated ability to manage multiple concurrently running projects and adapt to changing deadlines competing priorities and unexpected assignments.
- Ability to work independently and with minimal supervision. Ability to work in a team environment providing support to multiple positions. Ability to resolve problems and complete assignments accurately and promptly.
- Excellent oral and written communication skills.
- Ability to present financial data using detailed reports and charts.
Preferred Job Qualifications
- MBA or relevant Masters degree
- Prior experience with Workday Financials
Physical Requirements for Essential Job Qualification
Levels:
- None (No specific requirements)
- Occasionally (Less than 1/3)
- Frequently (1/3 to 2/3)
- Majority (More than 2/3)
Remain in a stationary position: Majority
Traverse or move around work location: None
Use keyboard: Frequently
Operate or use department specific equipment: None
Ascend/Descend equipment or ladder: None
Position self to accomplish the Essential Functions of the role: None
Receive and communicate information and ideas for understanding: Frequently
Transport position and/or exert force:
Up to 10 pounds: Occasionally
Up to 25 pounds:
Up to 50 pounds:
Up to 75 pounds:
More than 100 pounds:
Other weight: Up to pounds
Other:
Consistent with the Americans with Disabilities Act (ADA) it is the policy of Mary Free Bed Rehabilitation Hospital to provide reasonable accommodation when requested by a qualified applicant or employee with a disability unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment including the application process. If reasonable accommodation is needed please contact the Talent Acquisition team at .
Mary Free Bed is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion gender national origin age genetic information veteran status disability or other legally protected characteristic.
Required Experience:
IC
Employment Type
Full-Time
