Senior Revenue Analyst

MedStar Health; Columbia (MD); Remote; USD 78,832 - 109,060; Full time

Job summary

MedStar Health in Columbia, MD, seeks a Sr. Revenue Analyst to lead revenue analytics, budgeting, and forecasting. You will partner with local CFOs and Finance Business Partners to drive accuracy in net patient service revenue, develop dashboards, and deliver regular performance reports.

The role emphasizes financial modeling, variance analysis, and collaboration across COEs to standardize revenue budgeting and reporting. A strong background in healthcare finance and BI tools is required.

Qualifications

• Bachelor's degree in Business Administration, Finance, or related field; foreign degree equivalent accepted.
• 3 years of experience as a Business Intelligence Consultant, Finance Associate, or related occupation.
• 3 years of experience in revenue data analysis, financial reporting, budgeting, forecasting, financial modeling, Tableau, PowerBI, and Advanced Excel.
• 2 years of experience collecting & analyzing healthcare data including financial and operational; using tools such as PeopleSoft, Hyperion, Kodiak, and SQL.

Responsibilities

• Support the development of long-range financial plans and budgets for Net Patient Service revenue systemwide as directed by leadership.
• Prepare financial plans based on historical trends, growth projections and inflationary assumptions.
• Analyze and report on revenue performance to support major variances and identify opportunities for improvement.
• Collaborate with local CFOs and Finance Partners to document drivers of variances and ensure consistent revenue budgeting and reporting.
• Develop and maintain revenue dashboards and KPI reporting for stakeholders; perform monthly/quarterly/annual variance analysis.
• Monitor actual performance against budget; assist in financial close and preparation of statements and presentations.
• Prepare annual net patient service revenue budget and long-range plans; coordinate with finance teams and system initiatives.
• Support budgeting/forecasting by providing data insights and modeling revenue impact of initiatives.
• Identify revenue-management process improvements and ensure compliance with accounting standards.

Skills

Analyzing revenue data

Financial analysis

Financial reporting

Revenue management

Budgeting

Forecasting

Financial modeling

Analytical skills

Accounting practices

Tableau

PowerBI

Advanced Excel

Education

Bachelor's degree in Business Administration, Finance, or related field

Tools

PeopleSoft

Hyperion

Kodiak

SQL

Tableau

PowerBI

Excel

Job description

About the Job

Position: Sr. Revenue Analyst

Category: Accountants and Auditors

Facility: MedStar Health, Inc.

Location: Columbia, MD

MedStar Health, Inc. has an opening for the full-time position of Sr. Revenue Analyst based at MedStar Health in Columbia, MD.

Job Duties

Support the development of long-range financial plans and budgets for Net Patient Service revenue for the System as directed by the Manager, Revenue Analytics, Director, Revenue Analytics and AVP, Revenue Analytics in coordination with local Chief Financial Officers and Finance Business Partners. Prepare financial plans in a manner consistent with systemwide standards based on historical trends, growth projections and inflationary assumptions. Responsible for analyzing and reporting on revenue performance to support major variances. Collaborate with local Chief Financial Officers and Finance Business Partners to document operational drivers of variances and to identify trends and opportunities for improvement. Collaborate with local finance teams and various Centers of Excellences (COEs) to ensure consistent revenue budgeting, accurate revenue tracking and reporting, as well as identifying opportunities for revenue growth. Perform detailed analysis of revenue by LOB, including trend analysis, variance analysis, and KPI tracking. Identify and report on key drivers of revenue performance and areas for improvement. Develop and maintain revenue dashboards and reporting tools to provide insights to stakeholders. Perform variance analysis as a part of monthly, quarterly and annual financial close cycles. Prepare and present regular reports on revenue performance, including monthly, quarterly, and annual reports. Ensure accuracy and timeliness of revenue reporting and assist in the preparation of financial statements and presentations. Prepare the annual net patient service revenue budget, including but not limited to development of baseline budget submission, collaboration with local finance resources to refine submissions and ongoing adjustment and validation of budgets. Prepare annual long-range financial plan through analysis and assessment of historical results, incorporation of inflationary and growth assumptions, incorporation of system and local initiatives including capital project returns and collaboration with local finance business partners for refinement and alignment with systemwide objectives. Support the budgeting and forecasting process by providing data analysis and insights. Assist in the development of financial models to project revenue and assess the impact of business initiatives. Monitor actual performance against budgeted figures and provide variance analysis. Identify accounting or financial performance issues uncovered in the performance of duties and escalates for action planning. Identify opportunities to improve revenue management processes and reporting. Ensure compliance with financial regulations, company policies, and accounting standards.

Requirements

Position requires a Bachelor's degree in Business Administration, Finance, or a related field of study. Foreign degree equivalent accepted.

Position requires three (3) years of experience as a Business Intelligence Consultant, Finance Associate, or related occupation.

Position requires three (3) years of experience in the following skills: Analyzing revenue data; Financial analysis; Financial reporting; Revenue management; Budgeting; Forecasting; Financial modeling; Analytical skills; Accounting practices; Tableau; PowerBI; and Advanced Excel.

Position also requires two (2) years of experience in the following skills: Collecting & analyzing healthcare data including financial and operational; preparing budgets, forecasts and month-end analysis that leads to improvement opportunities utilizing tools such as PeopleSoft; Hyperion; Kodiak (formerly known as Crowe) Revenue Cycle Analytics; and SQL.

Location

10980 Grantchester Way, Columbia, MD, 21044

May telecommute from anywhere in the U.S, and report to the company's headquarters in Columbia, MD.

Salary

$78,832.00 to $109,060.64 per year

This position has a hiring range of USD $78,832.00 - USD $109,060.64 /Yr.

Why join MedStar Health?

MedStar Health is a great place to work and grow your career. We provide a supportive and inclusive work environment, comprehensive health and wellness benefits, generous paid time off, tuition assistance, retirement plans, and many other benefits focused on your wellbeing.