Our Job Bank

Do you need to post an opening with your company? We offer online position posting. For more information email the webmaster at mcmahon@mcmahon-illini.org

For National HFMA opportunities: [Click Here]

Financial Analyst

Summary

This role will report directly to the CFO. Supports system installation and maintenance of the Cost Accounting System. Performs a variety of complex studies to analyze, evaluate and present findings regarding existing and proposed projects and services.  Supports strategic planning process and assists in the development and monitoring of multi-year financial plans and service lines.  Assists department directors and managers in optimizing the management of departments.  Leads and mentors others within the organization regarding financial analysis and planning.  Serves as liaison between Finance and Senior Management, Physicians, and departments.  Prepares proforma, forecasting, and financial analyses.

Essential Functions and Job Duties

  • Maintains and updates Cost Accounting system.  Ensures that Cost Accounting system is updated so that only the most current information is used.
  • Provides reports and analysis for Vice Presidents and department managers.  Through development of a keen understanding of hospital operations, performs variety of complex studies to analyze, evaluate and present findings regarding existing and proposed programs and services.  Documents cost savings and revenue findings.  Assists in obtaining, evaluating and presenting data necessary for critical decision making through analysis, service design or market research.
  • Relies on experience and judgment to plan and accomplish goals and is capable of a high degree of independence in the performance of a variety of complicated tasks.
  • Consults with management to determine unique requirements for information retrieval from systems.
  • Leads and mentors others in the hospital to assist in the development of knowledge of hospital operations and the department’s contribution toward the success of the hospital.  Establishes and maintains a group of key individuals to help facilitate training and software testing.
  • Maintains cost accounting system to accurately reflect the cost of doing business on both macro and micro basis.
  • Prepares financial analysis for strategic and operational initiatives.
  • Works effectively with DMH Decision Support, Operations, Strategy, and Financial team members in the development of business plans.
  • Works collaboratively and effectively with members of the DMH and DMH Medial Group’s administrative team and other clinical leaders, while performing business plan efforts.
  • Completes assigned analysis reports in a timely manner.
  • Possesses excellent analytical skills and high quality presentation skills.
  • Transfers data into information.
  • Assists in the budget process.
  • Performs other duties as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.

  • Must be a seasoned professional with understanding of accounting principles, budgeting systems, costing processes, variance reporting, and customer service.
  • Must have excellent communication skills, the ability to work in a team environment and to meet deadlines.  Strong project management skills are a plus.
  • Must be able to work with any individual in the hospital to accomplish the goals of the Health System.

Education and/or Other Requirements

Bachelor’s degree is required; major in accounting, health care management, business administration or finance preferred.  Both health care financial and clinical background highly desirable.  Work experience in accounting, decision analysis, and/or finance is required.

A graduate degree in lieu of experience will be considered.

Link to Position Application: https://www.healthcaresource.com/decatur/index.cfm?fuseaction=search.jobDetails&template=dsp_job_details.cfm&cJobId=103653

Director of Reimbursement and Financial Analytics

Summary

Works directly with the SVP of Finance and the Chief Financial Officer.  Designs queries, creates reports and assists in data analysis.  Completes special projects as assigned relative to financial affairs of system-wide operations or specific department/individual needs; provides analytical and informational support for evaluation/resolution of projects, programs, contracts, policies, procedures or practices.

Essential Functions and Job Duties

  • Maintains expert knowledge of Horizon Performance Manager System’s databases. Ensures that all database updates are used when available so that only the most current information is used.
  • Provides AD-HOC financial analytics for vice presidents and department managers.  Provides assistance to hospital administration and departments to identify and implement new business opportunities.
  • Trains and provides support on use of system and interpretation of output data.  Assists in the preparation and/or presentation of special projects to the Board of Directors, senior management and other applicable parties.
  •  Supports sound accounting methods and procedures plus develops and installs decision support systems to maximize administrative and managerial control.
  • Recommends appropriate organizational actions and strategies to respond to projected economic trends and regulatory changes.
  • Assists in obtaining, evaluating, and presenting data needed for decision analysis, service design or market research.  Evaluates major capital projects to determine their value in effective utilization of resources.
  • Participates in professional activities and maintains professional affiliations to keep abreast of trends/changes, regulations and legislation in the field.
  • Responsible for maintaining knowledge in all aspects of Medicare and Medicaid reimbursement, Medicare contracting and reimbursement methods for commercial payers and cost report preparation.
  • Performs other duties as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.

  • Must be a seasoned accounting professional with understanding of accounting principles, budgeting systems and variance reporting.
  • Must have excellent communication and analytical skills, the ability to work in a team environment and to meet deadlines.
  • Strong project management skills are required.
  • Must be able to work with any individual in the division to accomplish the goals of the Health System.
  • Must be able to effectively supervise and direct others.

 Education and/or Other Requirements

Bachelors degree or equivalent education/experience in accounting, health care management, or business administration required.  Both financial and clinical background highly desirable.  Five to seven years of previous hospital financial and accounting experience as well as an understanding of hospital operations is required.

  • Knowledge of all aspects of Medicare and Medicaid reimbursement.
  • Knowledge of cost report preparation is preferred

Knowledge of Managed Care contracting and reimbursement methods for commercial payors.

Link to Position Application: https://www.healthcaresource.com/decatur/index.cfm?fuseaction=search.jobDetails&template=dsp_job_details.cfm&cJobId=103478

Gold and Silver Sponsors