Overview Experience a rewarding and fulfilling career with Mercyhealth. Mercyhealth is committed to offering our partners a best place to work. Our unique workplace Culture of Excellence is built upon: Employee engagement, empowerment and growth Teamwork toward our common goal – providing exceptional health care services with a passion for making lives better An atmosphere of caring and quality that cascades throughout the organization Responsible for financial analysis, benchmarking initiatives, new and existing program evaluation, and business plan development using financial and data analysis techniques and tools. Responsibilities ESSENTIAL DUTIES AND RESPONSIBILITIES · Assists in the completion of the capital and operating budgets. This may include financial analysis of changes in reimbursement, revenue per unit of service, other pricing changes, or expenses · Prepare key financial analysis: benchmark reporting and studies, product line reporting, financial projections, profitability analysis, payor analysis, business plans, pricing analysis, and cost center reporting. · Assists the Decision Support team in the development and creation of pro-forma and other profit and loss analysis utilizing a variety of data intelligence tools. · Prepares business/market analyses of current and potential service areas, including market share analysis, demographics, payer, utilization, patient origin, and physician need assessments. Researches and compiles information needed for internal and external reports for presentation to executive management, the Board of Directors, and outside consultants. Educate finance staff, management, and executive leadership on various financial topics. Train operational staff on the use of the systems. Serve as a resource to department managers and Mercyhealth executives in the interpretation of financial information. Train and develop other finance staff on the use of various software applications including the decision support system and the cost accounting system. Work directly with financial staff to ensure the accuracy of the financial systems. · Manages organizational survey projects through all phases, including research design, questionnaire development and completion, sample selection, data analysis, and reporting, such as IDPH annual hospital questionnaire, AHA hospital survey, hospital association surveys, and other organizational surveys. · Uses sophisticated planning, analytical, and research tools to ensure provision of a quality product. Develops analyses, databases, and other tools for more efficient management of information. Identifies new analysis and research methodologies, tools, and resources. · Assist the Director Decision Support and CFO with other data collection, ad hoc analysis and duties, as assigned. · Establish and maintain various databases, to ensure the integrity of the data, and be able to interpret the financial data or results. (Knowledge of StrataJazz, Microsoft Access, Crystal reporting, and SQL a plus) · Communicate effectively with leadership on financial results, analysis, or reporting and assist with operational improvements. · Develop and maintain financial models and templates to be distributed system-wide to ensure quality and consistency. · Maintain the cost accounting system used in decision support. This includes working with leadership to establish overhead allocations, RVUs, and reclass/adjustments. COE BEHAVIOR EXPECTATIONS To perform the job successfully, an individual should demonstrate the following behavior expectations: Quality - Follows policies and procedures; adapts to and manages changes in the environment; Demonstrates accuracy and thoroughness giving attention to details; Looks for ways to improve and promote quality; Applies feedback to improve performance; Manages time and prioritizes effectively to achieve organizational goals. Service - Responds promptly to requests for service and assistance; Follows the Mercyhealth Critical Moments of service; Meets commitments; Abides by MH confidentiality and security agreement; Shows respect and sensitivity for cultural differences; and effectively communicates information to partners; Thinks system wide regarding processes and functions. Partnering - Shows commitment to the Mission of Mercyhealth and Culture of Excellence through all words and actions; Exhibits objectivity and openness to other's views; Demonstrates a high level of participation and engagement in day-to-day work; Gives and welcomes feedback; Generates suggestions for improving work: Embraces teamwork, supports and encourages positive change while giving value to individuals. Cost - Conserves organization resources; Understands fiscal responsibility; Works within approved budget; Develops and implements cost saving measures; contributes to profits and revenue. EDUCATION & EXPERIENCE Bachelor’s degree in Accounting, Finance, Business, or other related field, with 2 years of healthcare experience. Master’s degree preferred. CERTIFICATION/LICENSURE ADDITIONAL REQUIREMENTS Passing the Driver’s License Check and/or Credit Check (for those positions requiring). Passing the WI Caregiver Background Check and/or IL Health Care Workers Background Check. Must be able to follow written/oral instructions. OTHER SKILLS AND ABILITIES Knowledge of healthcare reimbursement programs, coding, and billing preferred. WORK ENVIRONMENT The noise level in the work environment is usually quiet. INFORMATION ACCESS Partner may access patient care information needed to perform their job duties. OR Partner may access patient care information, financial data, human resource data and strategic and planning data needed to perform their job duties as directed by the director. WORK CONTACT GROUP Partners, physicians, patients/family, visitors, vendors SPECIAL PHYSICAL DEMANDS The Special Physical Demands are considered Essential Job Functions of the position with or without reasonable accommodations.While performing the duties of this job, the employee is frequently required to sit; use hands to operate a keyboard repetitively; talk and hear. The employee is occasionally required to stand; walk; use hands to handle finger and feel; and reach. The employee must exert up to 10 pounds of force occasionally. Specific vision abilities required by this job include constant close vision and frequent ability to adjust focus, particularly as it relates to computer screens.