Revenue Cycle & Financial Analyst

+MEDRITE Urgent Care; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

A healthcare organization in New York is seeking a Revenue Cycle & Financial Analyst to audit and optimize financial workflows. The role involves ensuring billing accuracy, analyzing payroll efficiency, and reviewing operational expenses to identify cost-saving opportunities. Candidates should have a Bachelor’s degree, 2-5 years of experience in revenue cycle management, and advanced Excel skills. This position offers a competitive salary in a dynamic healthcare setting.

Qualifications

• 2-5 years of experience in healthcare revenue cycle management or financial analysis.

Responsibilities

• Audit claims for billing and coding accuracy prior to submission.
• Investigate claim denials and underpayments and apply corrective actions.
• Track key performance indicators (KPIs) like Days in Accounts Receivable.

Skills

Advanced proficiency in Microsoft Excel

Understanding of healthcare billing codes (ICD-10, CPT)

Knowledge of payer reimbursement models

Education

Bachelor’s degree in Finance, Healthcare Administration, Accounting, or related field

Tools

EHR/billing systems (e.g., Epic, NexGen, QuickBooks)

Job description

The Revenue Cycle & Financial Analyst is responsible for auditing and optimizing the financial workflows of the healthcare organization. This role performs deep-dive analysis into patient billing accuracy, payroll efficiency, and operational expenses to identify cost-saving opportunities and revenue "leakage". You will serve as a bridge between the clinical, billing, and HR teams to ensure all transactions are accurate, compliant, and optimized for maximum cash flow.

• Audit Claims:Review billing and coding for accuracy before submission to ensure compliance with payer rules (Medicare, Medicaid, Private Insurance).
• Denial Management:Investigate claim denials and underpayments to identify root causes and implement corrective actions.
• Performance Metrics:Track key performance indicators (KPIs) such as Days in Accounts Receivable (AR) and net collection rates.

2. Payroll & Labor Oversight

• Timesheet Reconciliation:Audit staff timesheets and attendance records against billable patient hours to ensure accuracy.
• Labor Efficiency:Analyze overtime trends and staffing ratios to optimize payroll expenditures.
• Compliance:Ensure all payroll transactions meet state and federal tax and labor regulations.

3. Expense & Operational Review

• Budget vs. Actuals:Compare monthly spending against operating plans and report on significant variances.
• Cost Savings:Identify opportunities for cost reduction in departmental spending and supply chain management.
• Vendor Audits:Review third-party vendor invoices and contracts to ensure accurate billing and pricing.
• Dashboards:Create and maintain financial dashboards for leadership to visualize revenue vs. expense trends.
• Forecasting:Prepare revenue and expense forecasts to assist with annual budgeting.
• Process Improvement:Recommend and implement software or workflow changes to automate manual billing and payroll tasks.

Required Qualifications

• Education:Bachelor’s degree in Finance, Healthcare Administration, Accounting, or a related field.
• Experience:2–5 years of experience in healthcare revenue cycle management or financial analysis.
• Technical Skills:Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUPs) and familiarity with EHR/billing systems (e.g., Epic, NexGen, or QuickBooks).
• Knowledge:Deep understanding of healthcare billing codes (ICD-10, CPT) and payer reimbursement models.