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This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.
Job Responsibility:
Performs financial analyses related to the change in volume and pricing impact and support the development of payer strategy and discussions on managed care contracting innovation, future directions and the needed coordination between acute care, ambulatory and Physician groups. Synthesize analyses, deliver key insights and recommendations
Collaborates cross-functionally with key members of Accounting, Decision Support, Strategic Financial Planning, Advocate Aurora Contracting, Business Development, Reimbursement, Marketing, Advocate Medical Group and Aurora Medical Group to identify revenue gaps and yield improvement opportunities
Partners with internal and external resources to determine key revenue strategies, analyze revenue initiatives and identify, share, and implement “best practices”. Processes should be aligned / coordinated through discussions with leadership from Aurora in like areas
Assist in determining, coordinating and communicating Advocate Aurora’s pricing strategy directly with business leaders
Directs research, review and assimilation of industry and competitive data to maintain an effective revenue optimizing strategy in the marketplace
Continually evaluates, identifies and implements opportunities for revenue optimization through leveraging integrated system solutions
Assist and monitor the contract load process for various Advocate Aurora analytical tools
Requirements:
Bachelor's Degree in Finance, Accounting or related field
Typically requires 7 years of experience in healthcare financial or data analysis
Highly analytical and possess a strong grasp of revenue and finance concepts such as cost accounting, payor contract management, data analyses and scenario analysis
Knowledge of government reimbursement and managed care contracting, including the terms and conditions of payer contracts and their impact on the revenue cycle and operations
Ability to effectively manage a complex, dynamically changing schedule around the needs of customers in providing exceptional customer service to network clients
Ability to communicate and collaborate effectively with all levels of employees, management, executives, and other organizations and to address difficult issues
Ability to work and function in a complex corporate system environment
Works effectively in a team environment and be a supportive contributor or leader in team matters
Ability to work independently and with minimal supervision
Proficiency using Microsoft Office (Word, Excel, Access and Powerpoint), or similar products
This position requires travel, therefore, will be exposed to weather and road conditions
What we offer:
Paid Time Off programs
Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
Flexible Spending Accounts for eligible health care and dependent care expenses
Family benefits such as adoption assistance and paid parental leave
Defined contribution retirement plans with employer match and other financial wellness programs
Educational Assistance Program
Opportunity for annual increases based on performance
Premium pay such as shift, on call, and more based on a teammate's job