Financial Analyst II

Location: Burlington, MA
Job ID: 158835-1A
Date Posted: Nov 25, 2019
Category: Professional

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Job Description

Welcome To

Welcome to Shared Services, our team uses a coordinated approach to delivering administrative and operational services across Lahey. Our Shared Services colleagues leverage resources across the organization to ensure we provide high-quality, high-value care to the communities we proudly serve.  The Shared Services team includes colleagues who focus on business and network development, legal services, facilities and real estate, human resources, information technology, finance, philanthropy and marketing and communications. 

About the Job

The Financial Analyst reports directly to the Director of Network and Contract Finance.  This position provides key support and analyses related to financial aspects of Lahey Health’s Managed Care Contracts and  relationships.  It requires in-depth business knowledge with specialized technical and analytical skills.  The analyst works closely with the Contracting, Revenue Finance and Accounting Departments within Lahey, as well as externally with the Contracting & Provider Relations staff of the Managed Care Plans.

Essential Duties & Responsibilities including but not limited to:

  • Performs analyses and reporting in support of managed care contract financial terms
  • Monitors and manages cash flows related to managed care contracts
  • Performs accounting functions and provides reporting related to cash flows
  • Maintains fee schedule database, both Professional and Outpatient Technical
  • Plays supporting role in developing and maintaining contract profiles containing comparative information on each contract’s financial terms and key provisions

Education:

  • Bachelor's degree preferably in Health Care Management, Business Administration, Finance, Accounting or equivalent education or experience

Skills, Knowledge & Abilities:

  • Excellent analytic, verbal and written communication skills
  • Self-motivated and dynamic individual with the ability to think creatively and work independently
  • Ability to manage multiple priorities
  • In depth knowledge of Hospital and Professional provider payment methodologies
  • Ability to summarize and present results of analyses clearly and concisely to management
  • Proficient with MS Office applications, particularly Excel and Access
  • In the absence of any of these skills, demonstrates the ability to be thoroughly trained to meet organizational standards.

Experience:

  • Three to Five years’ experience working for a health plan and/or provider
  • Working knowledge of financial terms of managed care contracts
  • Working knowledge of managed care reimbursement methodologies
  • Worked with large medical claims databases (both professional and technical)
  • Experience with integrated billing systems (EPIC) or other billing systems such as Meditech or IDX

About Us

Beth Israel Lahey Health is comprised of world-class academic medical centers and teaching hospitals, leading community hospitals, a renowned orthopedics hospital, and comprehensive ambulatory centers. Through our focus on population health, our clinically integrated network of affiliated providers, as well as vital services such as behavioral health and home care services, we are able to provide a new model of care that improves the health of all those we serve. With more than 9,000 nurses, 4,300 physicians and more than 35,000 employees, our model ensures care is highly coordinated and locally delivered, with lower costs and exceptional quality. 

Beth Israel Lahey Health is committed to attracting, developing and retaining top talent in a market long recognized and revered as a global leader in health. With a team approach to care, we encourage learning and growth at all levels, and we offer competitive salaries and benefits. We adhere to the principles of a just and fair work environment for all colleagues, where respect is foundational. We strive to create a diverse and inclusive workplace that reflects the communities in which we work and serve.

Equal Opportunity Employer/Minorities/Females/Disabled/Veterans.