Financial Analyst - #1413659

Graves Gilbert Clinic houses more than 200 providers, representing 30 medical specialties, who continue to lead the way in medical innovation and technology, and serve South Central Kentucky with the same level of care and dedication that their founding fathers promised over 88 years ago when Dr. Graves and Dr. Gilbert shook hands and made a commitment to the future: A commitment to a Lifetime of Care.

Job Description

Financial Analyst serving in a healthcare setting will be responsible for the following: analyzing financial data, preparing reports, forecasting, and providing insights to improve financial performance, with a focus on healthcare-specific areas like physician compensation and cost analysis.

Workplace Type: Remote or Hybrid

Key Responsibilities:

Financial Data Analysis:

• Gather, analyze, and interpret financial data to understand the medical group's performance.
• Conduct variance analysis, comparing actual results to budgets and forecasts.
• Identify trends and patterns in financial data to inform decision-making.

Financial Reporting:

• Prepare financial reports, statements, and presentations for management and stakeholders.
• Develop and maintain financial models for forecasting and budgeting

Budgeting and Forecasting:

• Assist in the development and management of budgets
• Prepare financial forecasts and projections to anticipate future financial performance.

Physician Compensation Analysis:

• Analyze physician compensation under a collections-based model, clinical quality compensation, and value-based metrics.
• Provide insights and recommendations on physician compensation strategies.

Cost Analysis and Optimization:

• Analyze clinical and other costs to identify areas for cost reduction and efficiency improvements.
• Develop and implement cost-saving strategies.

Collaboration and Communication:

• Work with leadership, physicians, and other staff to understand financial needs and objectives.
• Communicate financial information and insights effectively to stakeholders.

Compliance:

• Ensure compliance with relevant financial regulations and policies.

Ad-hoc Projects:

• Assist with ad-hoc financial analysis projects, proformas, or reporting requests.
• Attend physician meetings as required.

Skills and Qualifications:

Education: Bachelor's degree in finance, accounting, or a related field.

Certifications: CPA or other relevant financial certifications are a plus.

Experience: Relevant experience in financial analysis, preferably in a healthcare setting.

Skills: 

• Strong analytical and problem-solving skills.
• Proficiency in financial modeling and forecasting. 
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Knowledge of healthcare finance principles and practices.
• Experience with healthcare data analysis tools and software.
• Proficiency in Microsoft Excel required.
• PowerBI & SQL experience preferred.

Specific examples of tasks:

• Analyzing physician productivity and revenue generation.
• Developing and maintaining physician compensation models.
• Identifying opportunities to improve financial performance.
• Providing financial support to leadership.
• Preparing reports for regulatory agencies.

Behaviors Required

Functional Expert: Considered a thought leader on a subject

Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well

Dedicated: Devoted to a task or purpose with loyalty or integrity

Motivations Required

Self-Starter: Inspired to perform without outside help

Growth Opportunities: Inspired to perform well by the chance to take on more responsibility

Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization

Education Required

Bachelors required. Masters a plus.

Experience Required

Relevant experience in financial analysis, preferably in a healthcare setting.

Licenses & Certifications Preferred