Business Analyst, Finance (Sustain Analytics)

The General Hospital Corporation; Somerville (MA); On-site; USD 70,000 - 100,000; Full time

Job summary

Mass General Brigham Incorporated is seeking a data analytics professional to support surgical profitability initiatives within the Sustain program. The role focuses on analytics to inform cost reduction, utilization optimization, OR efficiency, and capacity planning across perioperative areas.

You will collaborate with clinical and administrative teams, develop standard reports, and quantify financial impacts of recommended changes to enhance service-line growth and resource stewardship.

Qualifications

• Bachelor's degree required; academic focus in finance, financial analytics, data analytics, and/or operations management.
• 2+ years of healthcare, financial, or business analysis experience required.
• Experience in materials management analytics, clinical supply utilization analytics, surgical capacity, and/or data analytics preferred.

Responsibilities

• Surgical profitability: support data analytics informing strategic decisions on profitability, cost reduction, and OR efficiency.
• Assess current state surgical profitability for procedures across the enterprise.
• Identify opportunities by analyzing clinical supply utilization and variability among entities.
• Collaborate with perioperative teams to understand clinical and financial opportunities.
• Quantify financial impact of recommended changes in practice.
• Assist with financial reporting and analysis by procedure and groups to support growth strategy.
• Develop executive-level reporting for leaders across perioperative areas.
• Catalogue current-state analytics across systems and support standard reporting in one system.
• Escalate data and analytics challenges to the manager or data owner.
• Surgical profitability: information systems management: support external system for surgical capacity planning.

Skills

Healthcare analytics

Data analytics

Finance analysis

Education

Bachelor's degree

Job description

Site: Mass General Brigham Incorporated

Mass General Brigham relies on a wide range of professionals, including doctors, nurses, business people, tech experts, researchers, and systems analysts to advance our mission. As a not-for-profit, we support patient care, research, teaching, and community service, striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.

Job Summary

Across the healthcare industry nationwide, hospitals and health systems face challenges to today's approaches to expense management, as revenue growth has not kept pace with expense growth. In response to these unprecedented external challenges, MGB launched Sustain in fall of 2023. Sustain is an ongoing organization-wide program that works to build an infrastructure, culture, and mindset around continuous improvement, working to preserve our four-part mission through focus on resource stewardship. To do this, while also funding needed capital maintenance and improvements to deliver on world-class patient care, research, education, and community health, we must seek out innovative opportunities to optimize the way we work and manage resources across our organization.

Qualifications

• Bachelor's degree required; Academic experience focused in finance, financial analytics, data analytics, and/or operations management
• 2+ years of healthcare, financial, or business analysis experience required
• Experience in materials management analytics, clinical supply utilization analytics, surgical capacity, and/or data analytics preferred; relevant internship or co-op experience will be considered
• Experience working in a health system, hospital and/or similar medical center environment preferred.

Principal Duties and Responsibilities

• Surgical Profitability: General
  • Support data analytic needs that inform strategic business decision making on surgical profitability, including surgical cost reduction, clinical supply utilization optimization, OR efficiency, and improved block scheduling, offering direct support for select service lines including Orthopedics and/or Heart and Vascular.
  • Assessing current state surgical profitability for comparable procedures performed in perioperative and procedural areas across the MGB enterprise
  • Identifying potential areas of opportunity through analyzing differences in clinical supply utilization across and within the different entities at MGB, including surgeon and product variation and waste reduction
  • Collaborating with perioperative and procedural teams areas to better understand clinical application and financial opportunity, relative to quality and preference
  • Quantifying financial impact of any recommended changes in practice
  • Assist with financial reporting and analysis by procedure and/or procedure groups to enhance service line growth strategy across the perioperative and procedural areas
  • Utilize industry benchmarks to compare cost, profitability, utilization, and pricing for procedural cases and clinical supplies
  • Support the development of consistent executive level reporting, to be used by clinical and administrative leaders within the perioperative and procedural areas, to measure performance and support best practice across the enterprise
  • Help catalogue current state analytics across various systems, and support the development of standard analytics and reporting in one single system to meet varied stakeholder needs across the enterprise
  • Escalate challenges, discrepancies, roadblocks regarding data and analytics to manager or appropriate data owner
• Surgical Profitability: Information Systems Management
  • Support external system used for surgical capacity and surgi