Sr. Financial Specialist

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Day - 08 Hour (United States of America)

This is a Stanford Health Care job.

A Brief Overview
Performs highly specialized and complex financial analysis, budget analysis, and related fiscal functions for a large and diverse hospital service line/department or is responsible for coordinating a major budget/financial analysis program in the Hospital Finance Department. Duties include financial planning, forecasting and modeling, budget development, performance monitoring and management reporting. Prepares and provides complex analysis for special and high-level reports for review at the executive level. Provides leadership in the fiscal planning process and recommends process improvements.

Locations
Stanford Health Care

What you will do

• Crafts and performs complex analysis of financial and revenue cycle performance to identify trends, patterns, and root causes

• Identifies and communicates recommendations for performance improvement based on data analysis findings

• Engages regularly with revenue cycle managers and directors on improvement opportunities identified through data analysis, including owning and leading efforts to completion

• Advises management and department leadership on financial planning, concerning trends, and beneficial report development

• Builds strong relationships with leaders and team members across the revenue cycle to assist in the identification of upstream and downstream influencers that may drive financial outcomes

• Serves as an expert on financial metrics and performance benchmarks for supported areas and the revenue cycle at large

• Monitors key performance indicators for assigned areas and explores reasons for performance fluctuation and deterioration

• Utilizes a comprehensive understanding of revenue cycle operations and financial best practices to assist in analytic evaluations and recommendations

• Contributes big picture understanding of the revenue cycle when assessing operational and financial data impacts

• Provides support in creating and monitoring models that link strategies to measures of performance for key department initiatives

• Analyzes, prepares, and coordinates distribution of various financial reports for internal Revenue Cycle use and as required for external constituents

• Provides analytics for and supports special projects as needed

• Maintains various financial databases for reporting and develops and maintains reports with multiple datasets

• Mentor revenue cycle analysts and colleagues on data analysis and subject matter expertise

Education Qualifications

• Bachelor's degree in a work-related field/discipline from an accredited college or university

Experience Qualifications

• Six (6) years of progressively responsible and directly related work experience

Required Knowledge, Skills and Abilities

• Ability to analyze and develop solutions to complex problems, including independently identifying problems through data analysis

• Ability to analyze information, reach valid conclusions and make sound recommendations

• Ability to model financial information and forecast data to arrive at conclusions

• Ability to apply sound independent judgment in the solution of complex financial problems

• Ability to manage, organize, prioritize, multi-task and adapt to changing priorities

• Ability to communicate complex concepts in simple form to non-finance non-revenue cycle users to understand the appropriate use and limits of information provided

• Ability to communicate effectively in written and verbal formats including summarizing data, presenting results to senior leadership

• Ability to establish and maintain effective working relationships

• Strong knowledge of hospital and physician revenue cycle methodology

• Knowledge of hospital information systems, including Epic

• Knowledge of business analytical practices and methodologies

• Knowledge of financial forecasting techniques

• Knowledge of Microsoft Office software, including strong knowledge of Excel

These principles apply to ALL employees:

SHC Commitment to Providing an Exceptional Patient & Family Experience

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