Vanderbilt University Medical Center is hiring a Senior Financial Analyst to join the Compensation and Clinical Revenue team within the Department of Medicine. In this role, you will independently develop and conduct complex financial analyses to monitor, evaluate, and present on clinical revenue trends, budget variances, and provider productivity and compensation.
What You'll Do
- Investigate and analyze monthly financials and budget variances, preparing monthly financial reporting for DOM leadership.
- Attend Key Statistics meetings and collaborate with revenue cycle and coding colleagues to track and action clinical revenue capture trends.
- Provide clinical revenue oversight by evaluating monthly charges, collections, and RVUs, ensuring alignment with the department’s reported net clinical revenue.
- Review and monitor billing taxes and pro rates, and manage bill area mappings to ensure charges flow correctly.
- Attend monthly Division Coding Expert meetings to stay current on coding trends and challenges across the department.
- Assist with the department’s annual budget and quarterly forecast preparation, focusing on the Vanderbilt Medical Group component.
- Prepare pro formas for new clinical contracts to ensure competitive rates are negotiated.
- Analyze monthly salary variances to identify trends and areas for adjustment, and update monthly salary accruals.
- Manage clinical FTE calculations and provider activity reporting to ensure alignment with the institutional effort grid.
- Identify actions required to right-size and collaborate with divisions on adjustments.
- Address provider questions regarding individual monthly productivity reports.
- Evaluate provider total compensation relative to industry benchmarks.
- Reconcile quarterly Financial Partnership Model calculations and analyze requests for hospital support funding.
- Monitor existing hospital support and prepare monthly division credits.
- Streamline the team’s current Excel-based reporting and partner with application developers on automation by relaying business requirements for Tableau dashboards.
- Develop projections to model the financial impact of programs and projects.
- Investigate and analyze financial transactions and regulations in support of programs and projects.
- Design, develop, and modify financial forecasting models and simulations.
- Accumulate and analyze data from existing or established databases.
- Present financial, statistical, and operational reports and analyze budget impacts of implemented programs.
- Analyze and report on the effects of proposed federal and state statutes and regulatory actions impacting financial planning.
- Analyze future trends and indicators in related areas of interest.
What We're Looking For
- A Bachelor's degree.
- 4 years of relevant work experience.
Technical Stack
- Excel
- Tableau
Team & Environment
You will be part of the Compensation and Clinical Revenue team in the Department of Medicine.
Work Mode
This is a fully remote opportunity.
Vanderbilt Health is committed to fostering an environment where everyone has the chance to thrive and is committed to the principles of equal opportunity. EOE/Vets/Disabled.
