System Financial Team Internship Spring Semester 2025

What is Financial Services?

The IU Health System Financial Team (SFT) provides financial management support and oversight for financial matters across the system. In general, the system financial teams support IU Health as good stewards of financial resources to ensure our mission is funded and future healthcare needs are met. 

Our goal at IU Health is to provide you with a deeper understanding of one of the following teams below that matches your interests with our needs, in addition to providing you with a high-level exposure to other System Financial Team areas within our organization.

 

Which area speaks to you?

General Accounting

• Supports IU Health’s business units with monthly reporting on financial performance
• Performs financial planning and pro forma development
• Offers training and support to department leaders in managing their budget
• Ensures IU Health’s compliance with federal, state, and local laws and regulations for many tax areas, including payroll, sales and use tax, property tax, income tax, etc.

Revenue Cycle Services 

• Supports all financial aspects of a patient’s care including clinical support and payor (insurance) relationships in optimizing revenue and patient support 
• Provides billing and collections services to ensure quality patient financial services
• Offers a personalized cost estimate service to support patients in making informed decisions regarding their care before they receive healthcare services
• Supports documentation of medical records to ensure accuracy, and ensure patient records are readily available when requested

Strategic Financial Planning and Analysis

• Uses data to guide the allocation of IU Health’s resources in employees, finances, and facilities/equipment across the system
• Manages annual financial planning and long-range planning strategy
• Monitors and reports workforce performance and productivity for senior leadership
• Provides IU Health leaders with performance reports to identify opportunity for a number of revenue-generating and expense management initiatives

Internal Audit 

Participates in a broad-based Internal Audit program that evaluates the efficiency and effectiveness of IU Health’s operations. Responsibilities will include but not be limited to:

• Conducts independent risk assessments 
• Applies internal control frameworks and related leading practices to audit engagements
• Evaluates the design and operating effectives of internal control systems, including Internal Control over Financial Reporting (ICFR)
• Performs audit procedures, including identifying and defining issues, reviewing and analyzing evidence and documenting client processes and procedures
• Identifies, develops, and documents audit issues and recommendations for improvement 
• Assists in communicating the results of audit and consulting engagements via written reports and oral presentations

Revenue Cycle Information Services

(Computer Science or Informatics degree preferred)

• Provides technical solutions that effectively meet user needs
• Analyze business processes and develop applications to increase business efficiency and avoid redundancy
• Provide high-level technical analysis to determine best path for desired results 

 

What could you be doing as an intern at IU Health? Here are a few examples:

• Analyze data for interpretation, reporting, and modeling
• Project management for financial operations process improvement
• Monitor and process general ledger, payroll, and patient activities for patient costing
• Interpret trends or patterns in complex data sets with a high degree of accuracy
• Gather expertise around Excel and PowerBI to support ongoing analytics initiatives

How can you help support the mission of IU Health’s System Financial Team?

Interns will actively participate in team meetings and assignments and will report out on assigned projects. They will be responsible for items such as data collection, managing project logistics, preparing project materials, and communicating across multiple teams. Assignments are comprised of exposure to many parts of the business function, providing the opportunity to gain healthcare industry knowledge and network with executive leadership at IU Health.

 

Location: Indianapolis, Indiana

Spring Program: Part-Time (20 hours per week)

January – May 2025

 

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• Indiana University Health has nearly 40,000 team members, including more than 3,600 physicians and 1,200 advanced practice providers, and we’