RCS-Business Analyst (Strategic Vendor Management)

The RCS Business Analyst develops contract price modeling and development from contract pricing proposals including operational requirements and other business inputs. Manages the annual vendor budget development and interim forecasts calculating expense projections by year for the portfolio of Revenue Cycle vendors.  Translates contract language into requirements and values that can be modeled for business case scenarios and management decision making. Vendor dashboard management and enhancement to vendor scorecard and other assessment methodologies. Contract and vendor relationship management for select vendors, negotiating contract terms pricing structure, collaborating with internal business partners.

Ideal Candidate – Has foundational skills in finance and business operations. Has experience with contracts and other aspects of strategic vendor management. Has demonstrated competency in developing business case analyses. Demonstrated track record of developing project-based analyses as well as on-demand quick-turnaround assessments.  Is capable of working in a self-directed environment where they are able to manage day-to-day tasks to provide project deliverables in a timely manner. 

Connect to Promise - Demonstrates a commitment to IU Health's mission, vision, and values by exhibiting behaviors and delivering results that align with the strategic direction of the organization. Ensure IU Health is working toward its vision of improving the health of all Hoosiers by providing the best care for each person as we practice our values of purpose, excellence, compassion and team.

Critical Thinking - Leverages curiosity and insights to explore rationale behind decision-making. Connects pieces of information from various sources to improve problem solving capabilities and recommendations. Combines existing knowledge and on-the-job experiences to ensure best practices are being implemented in day- to-day work.

Communication - Shares thoughts and information in a clear, concise and professional manner, in both oral and written communication formats. Demonstrates active listening and seeks further information to ensure clarity and understanding. Promptly responds to requests for information, and works to proactively think through next steps and anticipate potential issues, requests, or business needs. 

Business Acumen - Exhibits a basic understanding of the organization and how it is structured, the dynamics of the health systems industry at large, and the overall competitive landscape. Has foundational knowledge of business functions and operations of the department.

Financial Analysis & Support Functions -Performs routine and ad-hoc analysis in support of Revenue Cycle operations. Identifies and researches performance variances and support root cause analysis in collaboration with operational departments. Retains documentation of performance outliers based on established thresholds. Supports execution of internal and external financial transactions where applicable.

Partnership Development - Builds partnerships and cooperative agreements that establish credibility with the hospital, stakeholders, and outside entities. Provides customer focused service delivery environments. Creates useful communication and data exchange to all users and recipients of the data provided.

Quality Assurance -Reviews reports and other work products prior to distribution to ensure that published data is complete and without error. Demonstrates initiative in assessing and resolving potential errors with any and all relevant stakeholders.

At IU Health, your personal and professional growth is a top priority. You will have access to many diverse opportunities to learn and develop in meaningful ways that matter most to you, such as training, leadership development, promotion opportunities and cross training development.  We offer a comprehensive benefits package designed for you, which includes Medical-Dental-Vision, a matching 401K, PTO, tuition reimbursement program, wellness program, and more!  

• Bachelors degree preferred. Requires proficiency in MS Excel and Access. Experience in a healthcare, accounting or corporate finance setting strongly preferred.
• Requires ability to work with all levels of healthcare management and staff.
• Requires basic knowledge of finance and statistics (ROI; NPV; risk; etc.).
• Requires excellent written and verbal communication skills.
• Requires exceptional interpersonal; problem-solving; and analytic skills.
• Requires the ability to work independently.
• Requires the ability to take initiative and meet objectives.
• Requires the ability to promote teamwork and build effective relationships.
• Requires the ability to prioritize, track and perform