Financial Analyst

Talencia; Dover (DE); On-site; USD 111,000 - 172,000; Full time

Job summary

BayHealth Hospital in Dover, DE is seeking a Financial Analyst to manage the cost accounting system and support service line profitability analyses. This onsite role oversees STRATA forecasting, P&L reporting for service lines and physician practices, and collaborates with leadership on performance improvements.

The ideal candidate has 10+ years in cost accounting or decision support with STRATA and healthcare experience, and will drive budgeting processes and audit-ready reporting in a complex

Qualifications

• Bachelor degree in accounting/finance or related field.
• Minimum 10 years cost accounting, budgeting or decision support.
• Experience with STRATA software and healthcare context.

Responsibilities

• Manage cost accounting system for service line profitability.
• Oversee STRATA forecasting module and related reporting.
• Produce monthly service line P&Ls and physician practice scorecards.
• Coordinate with leadership to review profitability and budget variances.
• Support audits and regulatory reporting with STRATA output.

Skills

Forecasting

Cost accounting

Healthcare experience

Budgeting

Financial analysis

Education

Bachelor Degree in Accounting, Finance or related field

Master Degree in Business Administration or Health Administration

Tools

STRATA software

Job description

Job Title: Financial Analyst

Facility: BayHealth Hospital - Kent Campus

Address: 640 South State Street, Dover DE 19901

Type: Permanent (FTE)

Shift: Day Shift (Full Time 80 Hours)

Salary Range: $111,155.20 - 172,286.40 / Yearly

Must have STRATA Jazz, forecasting and heatlhcare experience.

General Summary:

Responsible for management of the Cost Accounting system used for service line profitability analysis. Manages productivity system and responsible for reporting to rating agencies such as S&P, Fitch, DAC, EMMA and other external agencies. Oversees utilization of Decision Support system in support of major strategic and financial planning projects. Publishes monthly service line Profit & Loss statements (P&Ls) and physician practice P&Ls and practice scorecards. Reviews all feasibility studies prepared using STRATA software. Assists with the implementation and on-going maintenance of the STRATA rolling forecast module.

Please note this Management role is an onsite position in the Dover, DE area.

Responsibilities:

• Develops financial feasibility, cost and reimbursement templates using the STRATA system determining Return on Investment (ROI), payback period, Net Present Value (NPV), Internal Rate of Return (IRR) and other financial metrics used to evaluate competing capital projects.
• Establishes routine meetings with leadership to review service line profitability and assists with developing performance improvement plans for service lines with unfavorable variances to budget. Validates cost structure updates for accuracy.
• Completes survey and annual insurance renewal applications and compiles data for FEMA and/or Single Audits and generate reports for GME reporting. Provide documentation for operational and administrative decisions affecting finance, labor utilization, and budget development.
• Trains managers and directors to interpret and use productivity software Manages the requests for ad hoc reports. Generate reports needed for annual financial audit, cost report filing, community benefit reporting from STRATA.
• Mentor the supervisor of decision support and special projects analyst.
• Provides oversight to software implementations as needed including components of ERP, and Leasing software. Assists with the implementation of the STRATA forecasting module
• All other duties as assigned within the scope and range of job responsibilities.

Required Education, Credential(s) and Experience:

• Education: Bachelor Degree in Accounting, Finance or related field of study.
• Credential(s): None required.
• Experience: Minimum of 10 years' experience in cost accounting, budgeting and/or decision support. Experience with STRATA financial software or similar. Healthcare experience.

Preferred Education, Credential(s) and Experience:

• Education: Master Degree in Business Administration or Health Administration
• Credential(s): Financial and/or healthcare certifications.
• Experience: Experience in hospital or healthcare contracting and/or reimbursement. Familiar with bundled payments and physician reimbursement.