Sr Financial Analyst Compensation and Clinical Revenue (Remote Opportunity)

Discover Vanderbilt University Medical Center: Located in Nashville Tennessee and operating at a global crossroads of teaching discovery and patient care VUMC is a community ofindividuals who come to work each day with the simple aim of changing the world. It is a place where your expertise will be valued your knowledge expanded and your abilities challenged. Vanderbilt Health is committed to an environment where everyone has the chance to thrive and where your uniquenessis sought and celebrated. It is a place where employees know they are part of something that is bigger than themselves take exceptional pride in their work and never settle for what was good enough yesterday. Vanderbilts mission is to advance health and wellness through preeminent programs in patient care education and research.

Organization:

MED Faculty Compensation

Job Summary:

The Senior Financial Analyst will be part of the Compensation and Clinical Revenue team in the Department of Medicine. This position will independently develop and conduct complex financial analyses to monitor evaluate and present clinical revenue trends budget variances and provider productivity and compensation.

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Department Summary:

The mission of the Department of Medicine at Vanderbilt University Medical Center (VUMC) is to dedicate our talents to advance human health for all.

We value being on the forefront of personalized care for all patients making and implementing impactful scientific discoveries advancing excellence and training the next generation of clinicians scientists and educators.

Key Responsibilities:

• Investigates and analyzes monthly financials and budget variances. Prepares monthly financial reporting for DOM leadership.

• Attend Key Statistics meetings and collaborate with revenue cycle and coding colleagues to track and action clinical revenue capture trends and issues.

• Provide clinical revenue oversight by evaluating monthly charges collections and RVUs and ensuring alignment with departments reported net clinical revenue. Review and monitor billing taxes and pro rates and manage bill area mappings to ensure charges flow correctly.

• Attend monthly Division Coding Expert (DCE) meetings to stay up-to-date on coding trends and challenges across the department. Develop reporting as needed to assist with tracking and monitoring needed.

• Assist with departments annual budget and quarterly forecast preparation with a focus on the Vanderbilt Medical Group (VMG) component

• Prepare pro formas for new clinical contracts to ensure competitive rates are negotiated

• Analyze monthly salary variances to identify trends and areas for adjustments. Update monthly salary accruals.

• Manage clinical FTE calculations and provider activity reporting to ensure alignment with institutional effort grid. Identify actions required to right-size and collaborate with divisions on adjustments.

• Address provider questions on their individual monthly productivity reports

• Evaluate provider total compensation relative to industry benchmarks

• Reconcile quarterly Financial Partnership Model calculations and analyze requests from divisions for hospital support funding. Monitor existing hospital support and prepare monthly division credits.

• Streamline teams current Excel-based reporting and partner with department application developers on further automation by relaying business requirements for creation of Tableau dashboards.

• Other duties as assigned

OTHER RESPONSIBILITIES Develops projections to model the financial impact of programs and projects. Supports efforts of customers to sustain results from program and project implementation. Investigates and analyzes financial transactions and/or regulations in support of programs and projects and/or reviews monthly results and budget variances. Designs develops and modifies financial forecasting models and simulations for programs. Accumulates and analyzes data from existing or established databases. Presents financial statistical and operational reports. Analyzes budget impact of implemented programs/projects and provides input for financial projections. Analyzes and reports on the effects of proposed federal and state statutes and regulatory actions which may impact financial planning. Analyzes future trends and indicators in related areas of interest. Reviews data to analyze trends affecting budget needs. The responsibilities listed are a general overview of the position and additional duties may be assigned. TECHNICAL CAPABILITIES Communication of Results (Advanced): Communicates results and recommendations to customers in a concise and non-technical format. Clearly states implications and potential next steps. Presents analysis ideas and findings using the appropriate data visualization and presentation tools such as Word Excel Tableau and PowerPoint. Written Communication (Advanced): Demonstrates the ability to write clear detailed and comprehensive status reports memos and documentation. Demonstrates an understanding of effective composition such as having first line in a paragraph state the subject. Financial Analysis (Advanced): The process of evaluating businesses projects budgets etc. to determine their performance stability and profitability. Problem Solving (Advanced): Uses critical thinking and process improvement i.e. coaches and mentors development of problem statement describes current state identifies root causes creates future state coaches and mentors development of solutions and action plans with a sustainability plan. Applies appropriate tools to address issues. Project Management (Advanced): Planning organizing and managing resources to bring about the successful completion of specific project goals and objectives. Peer Leadership (Novice): The ability to show leadership and influence people of equal rank in an effort to accomplish team goals.

Our professional administrative functions include critical supporting roles in information technology and informatics finance administration legal and community affairs human resources communications and marketing development facilities and many more.

At our growing health system we support each other and encourage excellence among all who are part of our workforce. High-achieving employees stay at Vanderbilt Health for professional growth appreciation of benefits and a sense of community and purpose.

Core Accountabilities:

Organizational Impact: Independently delivers on objectives with understanding of how they impact the results of own area/team and other related teams. Problem Solving/ Complexity of work: Utilizes multiple sources of data to analyze and resolve complex problems; may take a new perspective on existing solution. Breadth of Knowledge: Has advanced knowledge within a professional area and basic knowledge across related areas. Team Interaction: Acts as a go-to resource for colleagues with less experience; may lead small project teams.

Core Capabilities :

Supporting Colleagues: - Develops Self and Others: Invests time energy and enthusiasm in developing self/others to help improve performance e and gain knowledge in new areas. - Builds and Maintains Relationships: Maintains regular contact with key colleagues and stakeholders using formal and informal opportunities to expand and strengthen relationships. - Communicates Effectively: Recognizes group interactions and modifies ones own communication style to suit different situations and audiences. Delivering Excellent Services: - Serves Others with Compassion: Seeks to understand current and future needs of relevant stakeholders and customizes services to better address them. - Solves Complex Problems: Approaches problems from different angles; Identifies new possibilities to interpret opportunities and develop concrete solutions. - Offers Meaningful Advice and Support: Provides ongoing support and coaching in a constructive manner to increase employees effectiveness. Ensuring High Quality: - Performs Excellent Work: Engages regularly in formal and informal dialogue about quality; directly addresses quality issues promptly. - Ensures Continuous Improvement: Applies various learning experiences by looking beyond symptoms to uncover underlying causes of problems and identifies ways to resolve them. - Fulfills Safety and Regulatory Requirements: Understands all aspects of providing a safe environment and performs routine safety checks to prevent safety hazards from occurring. Managing Resources Effectively: - Demonstrates Accountability: Demonstrates a sense of ownership focusing on and driving critical issues to closure. - Stewards Organizational Resources: Applies understanding of the departmental work to effectively manage resources for a department/area. - Makes Data Driven Decisions: Demonstrates strong understanding of the information or data to identify and elevate opportunities. Fostering Innovation: - Generates New Ideas: Proactively identifies new ideas/opportunities from multiple sources or methods to improve processes beyond conventional approaches. - Applies Technology: Demonstrates an enthusiasm for learning new technologies tools and procedures to address short-term challenges. - Adapts to Change: Views difficult situations and/or problems as opportunities for improvement; actively embraces change instead of emphasizing negative elements.

Position Qualifications:

Responsibilities:

Certifications:

Work Experience:

Relevant Work Experience

Experience Level:

4 years

Education:

Bachelors

Vanderbilt Health is committed tofosteringan environment where everyone has the chance to thrive and is committed to the principles of equal opportunity. EOE/Vets/Disabled.