CAH - FINANCIAL ANALYST

CAH-Financial Analyst-Full Time-Days-Req 9838

Salary Range- $37.63-$49.86*

Not a remote role

Relocation assistance not available for this position

Job Summary

We are seeking a detail-oriented Financial Analyst to join our finance team. In this role, you will analyze clinical and financial data, evaluate operational efficiency, and prepare forecasts to support strategic decision-making across our healthcare organization. You will play a vital role in optimizing revenue cycle performance, monitoring departmental budgets, evaluating cost structures, and ensuring compliance with regulatory standards.

Key Responsibilities

1. Financial Reporting & Analysis

• Perform monthly variance analysis comparing budget vs. actual operational expenses, revenues, and volume metrics (e.g., patient bed days, outpatient visits, procedure counts).

• Prepare routine and ad-hoc financial reporting packages for department heads and executive management.

• Monitor key performance indicators (KPIs) such as Net Patient Revenue (NPR), Days in AR, and operating margins.

1. Budgeting & Forecasting

• Collaborate with department leaders to build annual operating budgets and capital plans.

• Maintain dynamic rolling financial forecasts incorporating patient volume trends, seasonal adjustments, and reimbursement rate updates.

1. Revenue Cycle & Service Line Analysis

• Analyze reimbursement data across payer mixes (Medicare, Medicaid, Commercial, Self-Pay).

• Conduct cost accounting and service line profitability analyses to identify operational efficiencies and cost reduction opportunities.

1. Strategic Support & Decision Modeling

• Develop financial models to support strategic initiatives, including provider productivity (wRVU tracking), lease vs. buy decisions, and business case evaluations.

• Benchmark operational performance and unit costs against industry peers and regional healthcare standards.

• Assist in regulatory financial reporting and audit preparation.

Qualifications & Requirements

• Education: Bachelor’s degree in Finance, Accounting, Economics, Healthcare Administration, or a related quantitative field. Master’s degree (MBA, MHA, MSF) or relevant certification (e.g., CHFP, FHFMA, CFA) is a plus.

• Experience: 2–5 years of experience in financial analysis, ideally within a hospital, healthcare system, physician practice group, or health insurance environment.

• Technical Skills:

• Advanced proficiency in Microsoft Excel (financial modeling, pivot tables, complex formulas, XLOOKUP, data tables).

• Hands-on experience with healthcare ERP and financial tools (e.g., Workday, Oracle, Epic, Cerner, Meditech, Hyperion, or Axiom).

• Proficiency with business intelligence and reporting tools (Power BI, Tableau, or SQL) is preferred.

• Industry Knowledge: Solid understanding of healthcare accounting practices, reimbursement methodologies (DRGs, CPT/HCPCS, RVUs, Capitation, Value-Based Care), and HIPAA compliance guidelines, preferred.

Core Competencies

• Analytical Thinking: Ability to synthesize complex clinical, financial, and volume data into actionable strategic insights.

• Communication: Skilled at translating complex financial concepts into clear, concise presentations for non-financial clinical leaders and operational stakeholders.

• Problem Solving: Proactive approach to identifying financial discrepancies and recommending process improvements.

• Collaboration: Strong interpersonal skills to build trust across clinical, operational, and administrative departments.

*The listed base pay range is a good faith representation of current potential base pay for successful applicants. It may be modified in the future. Pay is determined by factors including experience, relevant qualifications, specialty, internal equity, location, and contracts. Carthage Area Hospital and Claxton Hepburn Medical Center are Equal Opportunity Employers. Minority/Female/Disability/Veterans encouraged to apply.