Financial Analyst- Revenues at Volunteers of America - National Services in Eden Prairie, Minnesota

Job Description:

About the Job: The Financial Analyst conducts quantitative analyses of information affecting budgets, revenues, expenses, and other financial projections. Reports current or expected financial performance and creates financial models to guide decision making. Provides advice and counsel to the Senior Financial Analyst, Healthcare Operations and site leadership based on findings.



Schedule:



M-F 8:00 AM-5:00 PM (Hybrid Schedule- 3 days onsite, 2 days work from home).



Benefit Highlights:

• 403(b) Retirement Plan


• Career scholarships


• Continuing career education and leadership programs


• Dental and Vision Insurance


• Paid Time Off (Vacation, Holiday & Sick Days)

Essentials:




Charge Structure



The Financial Analyst is responsible for establishing private pay rates that maintain the financial health of the health care locations. This responsibility includes:

• Scheduling the rate adjustments for the locations


• Gathering comparative data and input from the locations


• Preparing an analysis spreadsheet


• Recommending rates


• Communicating with the operational management team to finalize rates

Contracting and Maintaining Rates



The Financial Analyst is responsible for establishing and maintaining Managed Care Agreements and rates. This responsibility includes:

• Obtaining Agreements and rates with Managed Care Organizations.


• Reviewing Agreements for language and payment rates


• Contacting Managed Care Organizations for rate adjustments under existing Agreements.


• Analyzing proposed rate adjustments


• Communicating with the operational management team to finalize rates


• Credentialing and other Managed Care requirements to maintain location Agreements

Rate Maintenance



The Financial Analyst is responsible for the maintenance of the rates in the billing This responsibility includes:

• Knowledge of the different Payor rates


• Knowledge of the billing system and keeping up with system upgrades


• Calculation of the Medicare rates and inputting the rates into the billing system


• Calculation of the therapy rates and inputting the rates into the billing system


• Review and updating the amount to be used for the rates in the billing system until the actual rate in obtained


• Ensuring all rates are entered into the system accurately

Financial Analysis



The Financial Analyst will generate and analyze reports related to financial, therapy and payroll data to identify areas for improvement. This includes:

• Collecting relevant data


• Updating reports with the latest information


• Producing month-end reports for distribution to the operational management


• Highlight areas of concern for the Senior Financial Analyst and the operational management team

Planning



The Financial Analyst will develop assigned health care annual operational budgets. Responsibility includes:

• Collecting occupancy projections from the operational team and verifying against trends.


• Entering the private payment rates into all the healthcare budgets


• Calculating and verifying the budgeted revenues


• Gathering staffing projections from the operational team


• Reviewing completed budgets for discrepancies in wages and other expenses from current trends.


• Coordinate calls with the operational team to review and finalize the budgets

Payroll Analysis



The Financial Analyst is responsible for conducting weekly payroll analysis. This role involves:

• Reviewing the payroll analysis reports produced by the Data Coordinator.


• Analyzing variances between actual and budgeted payroll figures.


• Communicating the variances and ideas for improvement with the operational team

Required Qualifications:

• Minimum of a Bachelor of Science degree in related or equivalent relevant work experience


• Minimum of three (3) - five (5) years of related


• Proficiency with Microsoft Office including Outlook, Word, Excel (pivot tables), Point Click Care and NetSuite.


• Ability to gather data, analyze inconsistencies, produce reports and provide advice and counsel based on findings.


• Ability to work flexible hours

VOANS, a subsidiary of Volunteers of America, provides affordable housing and healthcare services in over 40 states and Puerto Rico. The organization employs over 2,000 professionals who provide high quality services and care to clients. As one of the largest non-profit affordable housing owners/operators in the nation, VOANS has over 240 properties and approximately 14,500 affordable housing units. VOANS also operates over forty-six (46) senior healthcare programs, including skilled nursing, assisted living, home health care, adult day, and Program for All Inclusive Care for the Elderly (PACE)


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