Performs financial analyses related to the change in volume and pricing impact and support the development of payer strategy
Collaborates cross-functionally with key members of Accounting, Decision Support, Strategic Financial Planning, Advocate Aurora Contracting, Business Development, Reimbursement, Marketing, Advocate Medical Group and Aurora Medical Group to identify revenue gaps and yield improvement opportunities
Partners with internal and external resources to determine key revenue strategies
Directs research, review and assimilation of industry and competitive data to maintain an effective revenue optimizing strategy in the marketplace
Continually evaluates, identifies and implements opportunities for revenue optimization
Requirements
Bachelor's Degree in Finance, Accounting, or related field
Typically requires 7 years of experience in healthcare financial or data analysis
Highly analytical and possess a strong grasp of revenue and finance concepts such as cost accounting, payor contract management, data analyses and scenario analysis
Knowledge of government reimbursement and managed care contracting, including the terms and conditions of payer contracts and their impact on the revenue cycle and operations
Proficiency using Microsoft Office (Word, Excel, Access and Powerpoint), or similar products
Benefits
Paid Time Off programs
Health and welfare benefits such as medical, dental, vision, life, and Short
and Long-Term Disability
Flexible Spending Accounts for eligible health care and dependent care expenses
Family benefits such as adoption assistance and paid parental leave
Defined contribution retirement plans with employer match and other financial wellness programs