DECISION SUPP ANALYST II
- Requisition ID
- 01 - Days
- Financial Mgmt
- Support Services
- Position Type
- Regular Full-Time
- Physical Work Location and New Employee Orientation Location : Address
- 8125 N HAYDEN RD
HonorHealth is a leader in medical innovation, talent and technology with a genuine commitment to your growth. The health system's vibrant careers take place in an environment filled with opportunity and respect because we see the HONOR in you.
Bachelors Degree or 8 years related experience in business administration or related area with an emphasis in accounting or finance Required
Bachelors Degree in Business (Administration, Finance, Accounting or related) and or CPA/CMA. Required
5 years in decision support, financial planning/analysis, quality, or accounting Required
2 years experience in the healthcare industry Required
4 years financial planning / analysis, quality, or accounting experience. *For Clinically Focused Analyst*. Required
Under general direction, the Decision Support Analyst II will develop, prepare, and interpret and monitor moderate-to-complex financial analyses, financial projections, financial modeling, and reports used by System management in decision-making. Acts as an expert resource to Decision Support Analyst I's providing guidance and support.
Also, will direct and oversee financial analysis associated with the following areas: Physician Business Services, process improvement activities led by Quality Enhancement Services, a Shea growth plan led by the Shea Hospital administration, contract activities for key physician fees/coverage, and implementation of a new GPO led by Materials Management.
Design, monitor, and provide leadership over financial and operational controls throughout the organization to ensure all financial benchmarks are achieved in accordance with the long range goals of the organization. Integrates financial planning with the System Balanced Scorecard & long-term strategic planning.
Supports System's long- and short-term financial planning process through analysis and evaluation of financial viability of prospective business ventures, major capital investments, and strategic planning projects.
This position works closely with Service Line Management, Strategic Planning, Rates & Reimbursement, Accounting, Managed Care Contracting, Patient Financial Service, and others to ensure accuracy and timeliness of reporting.
Assists in the development of system requirements and training needed and assists with the implementation of new or changes to existing information technology systems or process improvements. Design and execute testing plans for upgrades or interface changes to minimize potential of data corruption or interruption. Proactively identify and communicate database issues with upstream or downstream users and interfaces. Assure any changes to data or accounting methodologies that impact period over period revenue, expense, department or service comparisons are identified, documented and communicated to the Decision Support team and business partners as appropriate so that any anomalies known.
The position is exposed to information needing consistent evaluation for timeliness, reliability, and will interact with a variety of stakeholders including internal and external communications to include large group presentations.
- Service Line Reporting and Support:
Develops and incorporates clinical service line financials into the business planning process. Completes financial feasibility studies on existing and new programs and will be an expert on data mining and utilizing that information to develop insightful information for decision-making. Prepares and assist in the presentation of the strategic financial plan.
Abstracts information from various decision support tools, including, but not limited, to McKesson HPMand Star, performs analyses and compiles Service Line reports via Excel and/or Access. Regularly publishes key reports online, using Horizon Business Insights.
Acts as an internal consultant to Service Line Managers and performs ad-hoc analyses along with feasible recommendations for improvements based on interpretation of financial data. Continuously evaluates and improves Service Line reporting and develops new ways of synthesizing data from multiple sources into clear and meaningful analysis.
Leverages off understanding of service line model, and measuring and monitoring of results to benefit capital budget process and System’s allocation of capital, and incorporates clinical service line financials into the business planning process.
- Capital Budget:
Performs timely and competent analysis of budgets, forecasts, cash flow, operating results, and business plans to determine achievement of stated business objectives, rates of return, capital/cash flow etc. Partners with business plan sponsors to assist with setting priorities through analyzing the consequences of choices and creating business plans. Prepares proforma analysis for management to explain business plan financial projections, cost effectiveness, and profitability.
Performs retrospective analyses (i.e., lookbacks) to assess performance of key ventures against business plan forecast for reporting back to Finance Committee, as well as incorporating lessons learned in future planning efforts.
- General Financial Analysis and Decision Support:
HPM, HEFM, HEMM, HSM, STAR, HBI, HLAB, PICIS, HED, STATIT, MIDAS, AdminRX and other decision support system in conjunction with Excel and Access, to abstract information for financial analysis and decision support purposes, including service-line reporting, proforma and retrospective analysis, capital project analysis, forecasting/trend analysis, cost analyses, financial projections, labor productivity reporting, CPU analysis and other duties as may be identified to assist decision-making.
Demonstrates ability to apply critical thinking and problem solving skills and works closely and collaboratively with requesting party(s) to develop a variety of standard, ad-hoc and customized reports utilizing available reporting tools and methods. Presents results in easy-to-understand and convincing reports and presentations and interacts with a variety of stakeholders including internal and external communications to include large group presentations.
- Long-Term Financial Planning:
Assists with development of a 3-5 year Financial Model (P&L, Balance Sheet, Cash Flow) reflecting System’s strategic plan. Monitors and reports performance against plan. Implements appropriate technology in support of long-term financial planning process (i.e., StrataCast) to ensure timely and accurate reporting.
- Revenue Services and Rates & Reimbursement Support:
Works collaboratively with Revenue services and Rates & Reimbursement team. Provides analytical support to annual rate filing and price setting process, to include data validation, discrepancy analysis, cost analysis, market referencing and rate rationalization modeling. Assists the charge master maintenance process through special cost studies and other analytic procedures as assigned.
- Balanced Scorecard Reporting:
Tracks and reports progress in achieving the organization's financial goals and objectives as defined by System’s balanced scorecard.
- External Benchmarking:
Provides monthly submission of operational data for input into Databank benchmark system and State Database, and creates reports to compare SHC hospitals to peer group hospitals against key metrics. Extracts, interprets, analyzes, and prepares presentations of such information for senior management (e.g., Physician Profiling). Researches other qualified outside Benchmark data for comparison to internal benchmarks.
- Length of Stay (LOS) Reporting:
Assist with the development of LOS metrics and related reporting tools to drive System improvements. Performs ongoing reporting determines source of problem and corrective action required.
- Operating Budget Support:
Provides support to all phases of the annual operating budget development process under the leadership of the System’s Budgeting department, to include system-wide initial budget modeling and serving as Budget Representative for Ancillary Professional Services Division.
- Information Technology:
Assists in the development of system requirements and training needed and assists with the implementation of new or changes to existing information technology systems or process improvements.
- Training and Education:
Participates in a variety of System and outside educational programs to maintain current skill and competency levels. Demonstrates commitment to ongoing personal and professional development aligned with the mission and values of the System (integrity, caring, accountability, respect, and excellence).
It is the policy of HonorHealth to provide equal opportunity in employment. Selection and employment of applicants will be made on the basis of their qualifications without regard to race, color, religion, creed, national origin, age, disability, sexual orientation, marital status, veteran status or any other legally protected status.
Please review the Equal Employment Opportunity poster.
Please review the Equal Employment Opportunity Poster.HonorHealth wants all interested and qualified candidates to apply for employment opportunities. If you are an applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us at EmploymentOffice@HonorHealth.com . Please indicate the specifics of the assistance needed. This option is reserved only for individuals with disabilities that are unable to use the online tools and is not intended for other purposes.