The Financial Analyst II will be responsible for providing support to CHRISTUS facilities, functional corporate groups, senior leadership, and other affiliates through the design and implementation of Enterprise wide and regional Revenue Cycle data analysis and reporting. The primary function involves synthesizing data from multiple sources into clear, meaningful analysis. This involves assisting in identifying opportunities and supporting efforts related to the standardization of management reporting, benchmarking and data collection necessary to support both. Additional responsibilities include assisting in identifying, quantifying and prioritizing opportunities to improve net revenue realization and cash flow at the system level, the facility level and at a Payor level as well as development of financial models and other analysis related to the development and implementation of solutions in revenue cycle areas.
Supports and manages existing capabilities related to the standardization and consolidation of daily/weekly/monthly reporting revenue cycle reporting
Assist in the standardization of goal setting and productivity and performance monitoring
Collects, synthesizes and communicates relevant information through the system to support strategies
Facilitates development and implementation plans to enable the effective benchmarking and comparative reporting of key revenue cycle metrics
Performs financial opportunity assessments for hospitals to identify opportunities to improve revenue cycle performance
Supports strategic plan to focus efforts and resources on high priority areas to improve cash flow and net revenue realization throughout the system
Assists in development of plans to implement strategies and measure the results of the implemented strategies
Serves business units through analysis of how the value of initiatives and services can be optimized across the system
Assists in creating and monitoring models that link strategies to measures of performance (financial and non-financial) that ensure successful implementation
Provides analysis capabilities, information and tools to operations to enhance skills in detecting both current and future performance issues
Cultivates internal relationships at the corporate and facility level to gain support and participation in initiatives
Cultivates external relationships to gain new knowledge and competencies
Conforms with and abides by all regulations, policies, work procedures, and instructions
Utilizes strong computing ability to balance multiple tasks
Functions as a contributing and effective member of the team
According to the US Bureau of Labor Statistics (BLS), employment in healthcare occupations is projected to grow 15 percent from 2019 to 2029, much faster than the average for all occupations, adding about 2.4 million new jobs. Healthcare occupations are projected to add more jobs than any of the other occupational groups. This projected growth is mainly due to an aging population, leading to greater demand for healthcare services.
Employment of registered nurses is projected to grow 7 percent from 2019 to 2029, faster than the average for all occupations. Growth will occur for a number of reasons, including an increased emphasis on preventive care; increasing rates of chronic conditions, such as diabetes and obesity; and demand for healthcare services from the baby-boom population, as this group leads longer and more active lives.
According to BLS, the median annual wage for healthcare practitioners and technical occupations (such as registered nurses, physicians and surgeons, and dental hygienists) was $69,870 in May 2020, which was higher than the median annual wage for all occupations in the economy of $41,950.
Healthcare support occupations (such as home health aides, occupational therapy assistants, and medical transcriptionists) had a median annual wage of $29,960 in May 2020, lower than the median annual wage for all occupations in the economy.
The median annual wage for registered nurses was $75,330 in May 2020.
Here are some occupations within Medical and Nursing:
Clinical Laboratory Technologists and Technicians
Diagnostic Medical Sonographers and Cardiovascular Technologists and Technicians, Including Vascular Technologists
Dietitians and Nutritionists
Licensed Practical and Licensed Vocational Nurses
Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners