Senior Clinical Research Financial Analyst
Banner HealthAbout the role
Primary City/State:
Phoenix, ArizonaDepartment Name:
Research Admin-RsrchWork Shift:
DayJob Category:
FinanceFind your path in health care. We want to change the lives of those in our care – and the people who choose to take on this challenge. If you’re ready to change lives, we want to hear from you.
As a Senior Clinical Research Financial Analyst, you will play a critical role in ensuring the financial integrity and compliance of clinical research studies. Your primary responsibilities include analyzing insurance coverage requirements and payor policies to maintain study billing compliance, developing detailed cost projections for new and modified research studies, and building comprehensive clinical trial budgets. You will collaborate closely with research partners, internal teams, and external sponsors to negotiate favorable terms, finalize budget agreements, and ensure the financial feasibility of research projects. The preferred candidate should have experience working in clinical trials, with exposure to clinical trial budgets and payor coverage analysis.
Schedule: This is a full-time remote position, scheduled Monday-Friday, 8AM-5PM. You must be local to Banner Alzheimer's Institute (1114 E McDowell Rd, Phx, AZ)
POSITION SUMMARY
This position provides pre-initiation research study evaluation including cost, coverage, and overall financial benefit analysis. Ensures analytical evaluations provide relevant and complete measures of cost, revenue, and billing projections and processing. Ensures regulatory compliance and financial coverage. Develops and maintains effective project relationships. Translates medical service priorities into effective research development activities and support allocations to ensure research leads to desired outcomes consistent with organizational goals.
CORE FUNCTIONS
1. Completes Cost and Coverage Analysis. Completes CCA for all BH research studies utilizing clinical skills, good clinical practices and knowledge of research and government regulations to evaluate each new study and determine appropriate coverage and billing requirements. Serves as a knowledgeable consultant to guide other personnel on the determinations of what patient care items and services are considered standard of care. Creates study budget for any and all research activity occurring within a BH facility to accurately determine relevant costs associated with all research activity. Negotiates study budget, with study Sponsor integrating Medicare Coverage rules and allowances into contract to ensure proper reimbursement and study billing requirements are met. Assesses study financial risk/benefit ratio.
2. Ensures regulatory compliance and financial coverage. Ensures compliance with required federal, state, funding source, and other applicable governing entities regarding regulations, laws, and statutes governing the scope of research activity. Accesses the Clinical Trials Management System to obtain names of human subjects to ensure that research related charges are billed appropriately. Acts as a liaison between finance departments, patient financial services, facility research directors and system reimbursement services for the purpose of communicating information regarding the National Coverage Decision for clinical trials and other federal research regulations. Serves as a resource and provides leadership assistance for research participants; asks questions regarding financial coverage issues to ensure service excellence.
3. Performs for cause and random patient account audits to ensure compliance.
4. Develops and maintains effective project relationships. Coordinates closely with Banner Research and University of Arizona staff in the study approval process; meets project timelines and department goals of optimal clinical, operational, financial and satisfaction outcomes. Inter
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