Financial Analyst
R1 RCM Inc. is a leading provider of technology-enabled revenue cycle management services which transform and solve challenges across health systems, hospitals and physician practices. Headquartered in Chicago, R1® is a publicly-traded organization with employees throughout the US and international locations.
Our mission is to be the one trusted partner to manage revenue, so providers and patients can focus on what matters most. Our priority is to always do what is best for our clients, patients and each other. With our proven and scalable operating model, we complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience.
The Financial Analyst will join our Net Revenue Variance Analytics team and will be responsible for analyzing and explaining net revenue variances on our clients’ income statements and demonstrate the value R1 adds to Revenue Cycle operations.
In this role, you will work with internal partners and client leadership to conduct complex financial analytics that value the impact of strategic operational decisions and changing environmental factors. The analyst will play a key role in building net revenue models, informing CFOs of new trends in their hospital revenue composition, and providing data points to drive operational and strategic actions.
Responsibilities:
- Conducting monthly financial analytics to accurately measure net revenue shifts due to factors such as volume and rate changes, service mix shifts, acuity fluctuations, etc.
- Preparing monthly reporting packages for delivery to client C-suite and internal leadership.
- Communicating with internal and client partners to gather necessary budget details and develop a strong understanding of all budget assumptions.
- Collaborating with operators, contract modelers, and other analysts to identify any known factors impacting current period results.
- Developing process solutions through automation, standardization, and innovation.
- Managing a supporting team of offshore analysts.
Required Qualifications:
- Bachelor’s degree in Finance, Accounting, Economics or equivalent 1+ years of experience in Financial Planning & Analysis, analyzing financial results/statements and conducting ad hoc analytics
- Strong understanding of healthcare reimbursement methodologies
- Exemplary analytical and critical thinking skills
- Ability to articulate and defend concepts effectively
- Effectively communicate results of financial analyses to all organizational levels
- Ability to manage multiple priorities in a fast-paced environment while driving toward the completion of key goals
- Ability to work both independently and cross-functionally
- Strong attention to detail
- Excellent Microsoft Excel skills, proficiency in Microsoft Office Suite including PowerPoint
Desired Qualifications:
- Familiarity with database tools such as SQL and Microsoft Access.
Working in an evolving healthcare setting, we use our shared expertise to deliver innovative solutions. Our fast-growing team has opportunities to learn and grow through rewarding interactions, collaboration and the freedom to explore professional interests.
Our associates are given valuable opportunities to contribute, to innovative and create meaningful work that makes an impact in the communities we serve around the world. We also offer a culture of excellence that drives customer success and improves patient care. We believe in giving back to the community and offer a competitive benefits package. To learn more, visit: R1RCM.com.