Cost Strategy Analyst - Finance
Company: Presbyterian Healthcare Services
Location: Albuquerque
Posted on: January 26, 2023
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Job Description:
Overview:
We are hiring a Cost Strategy Analyst for our Finance
Department!
Serves as key individual contributor in the Finance organization.
Acts on behalf of the Manager of Cost Accounting in a variety of
situations including (but not limited to) meetings where decisions
are made, presentations to senior leadership and/or other
organizations within PHS. Project manager for a variety of long and
short-term projects. Problem solver for urgent needs impacting the
organization as related to cost. Leads planning sessions for
strategic and operational cost planning and implements outcome of
plans. Interfaces with internal business units and external
entities (i.e. vendors) to manage requirements gathering, develop
labor standards, maintain work plan, coordinate activities in
support of costing solution, reporting and analytics. Serves as
expert resource and educator to staff and leadership in relation to
cost accounting system operation and functionality, cost data
design and interpretation, analytic results, business insights,
documentation and process improvement. Facilitates discussions and
provides recommendations regarding proper development and use of
cost data. Designs, develops and deploys new methodologies and
algorithms, advanced configuration, testing/quality review and
maintenance for production application. Creative problem
identification, conceptual and contingency thinking skills.
Function as a key contributor for tasks or projects while managing
multiple tasks and meeting established deadlines. Deal with highly
confidential information, both patient-level and employee-level.
Interface with all levels of the organization including many VPs.
Collaborate and achieve actionable results through others while
building strong, sustainable relationships.
Type of Opportunity: Full Time
FTE: 1.000000
Exempt: Yes
Work Schedule: Weekday Schedule Monday-Friday
Remote Eligible
Qualifications:
Bachelors degree in finance, accounting or relevant field
required.
Eight or more years of cost accounting experience in a health care
delivery organization.
Six or more years experience to include configuration, maintenance,
modeling and analytics within a leading healthcare cost accounting
system (e.g. EPSi, Oracle, TSI, Strata, Siemens, Avega, Cost Plus,
Axiom, MedAssets).
Competent with business intelligence analytical tools (e.g.
Business Objects, SAS, relational databases). Analytical experience
in cost planning, cost strategy, cost development, operations,
and/or finance.
Strong business acumen and technical knowledge.
Combination of technical, financial, and business knowledge and
experience.
Intermediate to expert MS Office skills with emphasis on Excel,
Access and PowerPoint. Excellent written and oral communication and
presentation skills.
Education:
Essential:
Bachelor Degree
Responsibilities:
Project Management: Lead a variety of projects and organizational
undertakings related to strategic costing objectives. Organize,
schedule, plan and manage project-related team activities. Create,
monitor and manage project timelines and validation efforts. Create
presentations for senior level meetings and briefings. Develop
agendas and content and manage the meetings and internal
communications for various meetings. Manage evolving requirements
and course-correct as needed to achieve objectives. Utilize
influence skills to achieve project objectives and support from
peers, department heads and senior leaders. Concurrently manage
multiple projects, work within tight deadlines and changing
priorities, and use project management and other professional
software tools. May act on behalf of the Manager of Cost Accounting
in a decision making capacity on projects and in cost strategy
sessions.
Strategy: Analyze business challenges/problems requiring strategic
cost planning effort for new and changing opportunities.
Demonstrate expert analytical/problem solving skills and in-depth
understanding of the business and systems to identify and develop
innovative strategic cost initiatives, and to remediate and resolve
complex design issues and problems within the application. Provide
and coordinate analytics for strategic costing initiatives
identified by the VP of Finance and other stakeholders. Participate
in cost strategy sessions and vet ideas of the strategy team and
stakeholders. Facilitate discussions and provide recommendations
regarding proper development and use of cost data. Design, develop
and deploy new methodologies and algorithms to calculate patient
level costs in response to changing and future business
requirements. Perform data research, analysis, prepare reports to
communicate impact/results, and support development of costing
solution. Perform advanced configuration, testing/quality review
and maintenance for production application.
Analytics: Participate in the design and development of financial
reports and dashboards. Demonstrate sound analytical problem
solving, investigative and research ability as evidenced by
experience in the identification, documentation and communication
of issues, requirements, opportunities, and solutions to costing
problems. Conduct complex data analyses and projections pertaining
to ongoing performance of a department, service line, provider or
procedure. Provide analyses and data models for cost development.
Analyze complex data and present key trends in a compelling and
easy to understand fashion. Prepare reports and craft consistent
messaging for dissemination of cost, operational or financial
information. Validate reports/analysis to ensure accuracy via
comparison to internal and external benchmarks and use of peer
review as appropriate. Interpret analyses and prepare written and
visual presentation materials to effectively communicate to
stakeholders. Produce executive level PowerPoint presentations for
key meetings. Edit, streamline and enhance presentations prior to
distribution. Present observations/insights that identify the
impact to internal and external stakeholders, provide
recommendations for potential solutions to both common and new and
unfamiliar challenges. Convey complex technical concepts to
translate complex data into simple, written and graphical
presentations and communicate technical issues and solutions in
business terms.
Technology: Proficient in at least one of the leading cost
accounting software applications (e.g. EPSi, Oracle, TSI, Siemens,
Strata, Avega, Cost Plus, Axiom, MedAssets) for cost calculation,
modeling for payor adjudication, cost and product line analysis,
development of relative value units (RVUs) and exporting data.
Competent in at least one of the leading enterprise resource
planning (ERP) systems (e.g. Infor, Oracle, McKesson, Meditech,
SAP, Evident, Harris ERP, Healthland, Intacct) for
research/remediation of source data anomalies, GL & payroll extract
validation, analytics and exporting data. Competent in at least one
of the leading hospital electronic medical record (EMR) systems
(Epic, Meditech, Siemens, Cerner, McKesson, Healthland, Allscripts,
NextGen Healthcare, CPSI) for research/remediation of source data
anomalies. Demonstrate knowledge of business intelligence tools
(Business Objects, SAS, relational databases). Experience in
utilizing database tools for research and analyses and for building
database models. Perform complex modeling to compile/analyze
stakeholder provided RVUs for accuracy and viability. Demonstrate
ability to research and remediate complex issues related to
methodology/algorithm changes, configuration and/or source data
anomalies. Demonstrate strong knowledge and understanding of the
structural and configuration relationships between the source
systems, application, modules, etc. Strong computer software skills
are essential including MS Office applications; advanced Excel.
Work independently to provide technical, business analysis, and
team leadership in configuring and sustaining production
application. Implement changes using documented procedures that are
compliant with departmental policies and procedures. Analyze new
functionality in new releases to identify impact. Ensure all
quality assurance processes are followed, including change
management and testing efforts. Devise or modify procedures to
solve complex problems considering computer equipment or
application capacity and limitations, operating time, and desired
results. Includes analysis of business/user needs, documentation of
requirements, and translation into proper system requirement
specifications. Maintain complete documentation to ensure that
processes and results are accurate, repeatable, and reproducible.
Document costing definitions, methodologies and algorithms for data
governance. Act as a data steward maintaining and ensuring data
integrity of cost accounting and support systems. Perform audits,
evaluations, and reviews on source data and statistical utilization
variances between source systems and cost accounting system. Ensure
accuracy and completeness of cost accounting process through daily
management of edits, system variances, audits, supporting reports,
new source data, development and deployment of new methodologies
and algorithms, advanced configuration, testing/quality review and
maintenance for production application.
Alliance Management: Meet with business leaders, business units and
other stakeholders to provide education and guidance in the
development of cost standards and business requirements. Work with
representatives from external hospitals to benchmark and gather
data to find ways to improve costing and to decrease costs. Serve
as a liaison with internal business units and external entities to
support costing, reporting and analytic efforts . click apply for
full job details
Keywords: Presbyterian Healthcare Services, Albuquerque , Cost Strategy Analyst - Finance, Professions , Albuquerque, New Mexico
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