Business Analyst

Austin, TX-ESP Business Office

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Job Description

PRIMARY PURPOSE

The Business Analyst provides business, financial and analytical expertise for the organization, spanning multiple entities. Analyst will be responsible for revenue analysis, projections, reporting, creating overall dashboards with benchmark comparisons and other analyses as the business needs.

RESPONSIBILITIES

Collections Revenue Analysis

Utilize analysis and reporting tools and systems to develop reports incorporating data from multiple sources. Collaborate with the IT department in the creation and development of systems and processes for financial analysis.
Ensure accurate and timely preparation of work papers and analyses relating to billing & collections revenue
Compile and develop a high volume of Ad-Hoc Reporting.
Develop and create revenue dashboards and multiple reports used to identify trends, problem areas, and variances from expected collections at the location level and corporate level.
Develop reports for management to summarize key points as well as typical accounts receivable reporting metrics.
Prepare projections for cash flow from collections incorporating multiple variables such as reimbursement rates by payer, payer mix, billed charges, patient volume, utilization, and other variables that may change from month to month to arrive at expected collections. Compare expected to actual collections and investigate & report significant variances.
Work closely with outside billing & collections company in a collaborative manner to analyze manage care insurance contract proposals and make recommendations, as well as tracking contracts for renewals and updates.
Prepare “what-if” analysis for a variety of proposed changes.
Extract and define relevant information within patient data.
Meet with the billing & collection company on a routine basis to insure compliance with the practice’s policies and directives.
Periodic or spot auditing of billing and collection processes performed by the outside billing and collections company.
Identify areas of improvement within the billing & collections cycle with both the main billing & collection company and the secondary bad-debt placement agency.
Develop a partnership with the billing & collection company personnel to maximize revenue potential.
Provide expertise regarding billing & collections to stakeholders and decision makers for use in strategy planning and operations.

Additional business analysis and reporting:

Develop overall financial statement dashboards, identify key points for discussion, investigate variances and problem areas.
Assist with development of other financial reports and presentations as needed.
Additional projects as assigned.

QUALIFICATIONS

Requires a Bachelor’s degree
Minimum of 3 years experience.
Must have proven problem solving skills and the ability to work in a demanding, high expectation environment.
Critical thinking and analytical skills required with precise attention to detail.
Must have the ability to learn quickly and manage multiple priorities.
Ability to meet deadlines.
Excellent communication and organization skills are required as well as the knowledge, education, experience and confidence.
Must have basic Excel skills and current experience utilizing these skills.
Must have knowledge and experience utilizing software and extracting data.
Requires the ability to work independently with a high-level of accountability.
Healthcare industry experience a plus.
Strong SQL skills preferred
Project management experience a plus.