Finance

Healthcare Finance Analyst

Looking to hire your next Healthcare Finance Analyst? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a staffing agency that leverages the geographical advantage of Latin America to benefit US businesses. We connect companies with professionals who work in time zones closely aligned with or identical to US hours, ensuring seamless communication and collaboration. This synchronicity allows for real-time interaction, enhancing productivity and eliminating the delays often associated with offshore staffing.

Description

A Healthcare Finance Analyst plays a crucial role in the financial management and strategic planning within healthcare organizations. This professional is responsible for analyzing financial data, preparing reports, and developing forecasts to aid in decision-making processes. They ensure compliance with industry regulations, identify cost-saving opportunities, and optimize financial performance. By collaborating with clinical and administrative teams, they help align financial goals with operational objectives, thereby contributing to the overall efficiency and sustainability of healthcare services.

Requirements

- Bachelor's degree in Finance, Accounting, Economics, or related field
- CPA, CMA, or other relevant financial certifications preferred
- Minimum of 3-5 years of experience in healthcare finance or a related field
- Strong understanding of healthcare financial regulations and policies
- Proficiency with financial modeling and data analysis
- Advanced skills in Microsoft Excel and financial software systems
- Experience with budgeting, forecasting, and variance analysis
- Knowledge of healthcare reimbursement methods and structures
- Excellent analytical and critical thinking abilities
- Strong communication and presentation skills
- Ability to work collaboratively with healthcare administrators and staff
- Detail-oriented with strong organizational skills
- Proven ability to manage multiple tasks and meet deadlines
- Familiarity with accounting principles and practices
- Experience in cost-benefit analysis and financial feasibility studies
- Effective problem-solving skills and ability to develop actionable recommendations
- Comfort with managing audits and responding to audit inquiries
- Knowledge of financial risk assessment and mitigation strategies
- Experience with financial reporting and compliance standards
- Ability to stay updated on industry trends and regulatory changes
- Strong ethical standards and integrity in financial management

Responsabilities

- Analyze financial data to identify trends and make recommendations for improvements
- Prepare detailed financial reports, including forecasts, budgets, and cost analysis
- Collaborate with healthcare administrators to develop financial plans and strategies
- Monitor the financial performance of healthcare services and departments
- Conduct variance analysis to compare actual results with budgeted figures
- Assist in the preparation of the annual operating budget
- Evaluate new healthcare services or initiatives for financial viability
- Perform cost-benefit analysis on various healthcare programs and projects
- Provide financial input during strategic planning sessions
- Review and analyze reimbursement rates from insurance companies and government programs
- Ensure compliance with healthcare financial regulations and policies
- Participate in the development and maintenance of accounting systems and procedures
- Create financial models to support decision-making processes
- Assist in audit preparation and respond to audit inquiries
- Identify opportunities to reduce costs and improve efficiency without compromising care quality
- Monitor cash flows and manage working capital
- Maintain accurate and up-to-date financial records
- Present financial findings and recommendations to senior management
- Assist with financial risk assessments and develop mitigation strategies
- Support the implementation of financial software systems and tools
- Review departmental budgets and spending to ensure alignment with organizational goals
- Conduct financial training sessions for healthcare staff as needed
- Document financial policies and procedures
- Assist in negotiating contracts with vendors and service providers
- Stay updated on industry trends and regulatory changes impacting healthcare finance

Ideal Candidate

The ideal candidate for the Healthcare Finance Analyst role will possess a Bachelor's degree in Finance, Accounting, Economics, or a related field, with CPA, CMA, or other relevant financial certifications being highly desirable. With at least 3-5 years of hands-on experience in healthcare finance, they will have a robust understanding of healthcare financial regulations and adeptness with financial modeling and data analysis. This individual will demonstrate advanced skills in Microsoft Excel and financial software systems, coupled with a proven track record in budgeting, forecasting, and conducting variance analysis. Their analytical mindset and critical thinking abilities will be essential for performing in-depth cost-benefit analysis and financial feasibility studies, crucially aiding in the strategic planning and decision-making processes. They will excel in identifying financial trends, providing actionable recommendations, and managing financial audits with precision. Exhibiting exceptional communication, presentation, and interpersonal skills, the candidate will work effectively with healthcare administrators and staff, illustrating strong ethical standards and integrity. They will be detailed-oriented, organized, and capable of managing multiple tasks under pressure while maintaining accuracy in financial records. Proactive, self-motivated, and adaptable, the candidate will remain current with industry trends and regulatory changes. Their ability to train healthcare staff, coupled with their competence in negotiating contracts and developing accounting systems, sets them apart as a well-rounded professional committed to driving financial efficiency and compliance within a healthcare setting.

On a typical day, you will...

- Analyze financial data to identify trends and make recommendations for improvements
- Prepare detailed financial reports, including forecasts, budgets, and cost analysis
- Collaborate with healthcare administrators to develop financial plans and strategies
- Monitor the financial performance of healthcare services and departments
- Conduct variance analysis to compare actual results with budgeted figures
- Assist in the preparation of the annual operating budget
- Evaluate new healthcare services or initiatives for financial viability
- Perform cost-benefit analysis on various healthcare programs and projects
- Provide financial input during strategic planning sessions
- Review and analyze reimbursement rates from insurance companies and government programs
- Ensure compliance with healthcare financial regulations and policies
- Participate in the development and maintenance of accounting systems and procedures
- Create financial models to support decision-making processes
- Assist in audit preparation and respond to audit inquiries
- Identify opportunities to reduce costs and improve efficiency without compromising care quality
- Monitor cash flows and manage working capital
- Maintain accurate and up-to-date financial records
- Present financial findings and recommendations to senior management
- Assist with financial risk assessments and develop mitigation strategies
- Support the implementation of financial software systems and tools
- Review departmental budgets and spending to ensure alignment with organizational goals
- Conduct financial training sessions for healthcare staff as needed
- Document financial policies and procedures
- Assist in negotiating contracts with vendors and service providers
- Stay updated on industry trends and regulatory changes impacting healthcare finance

What we are looking for

- Analytical mindset with a keen eye for detail
- Strong problem-solving abilities
- High level of integrity and ethical standards
- Excellent communication and presentation skills
- Ability to work collaboratively in a team environment
- Proactive and self-motivated
- Strong organizational skills with the ability to manage multiple tasks
- Adaptable and able to adjust to changing industry regulations
- Critical thinking and ability to make data-driven decisions
- Strong financial modeling and data analysis skills
- High proficiency in Microsoft Excel and financial software
- Knowledgeable in healthcare financial regulations and compliance
- Results-oriented with a focus on continuous improvement
- Ability to work under pressure and meet deadlines
- Strong interpersonal skills for effective collaboration with healthcare staff and administrators
- Ability to maintain accurate and up-to-date financial records
- Detail-oriented with a focus on accuracy
- Commitment to staying updated on industry trends and best practices
- Capability to train and educate healthcare staff on financial matters
- Experience in conducting cost-benefit and feasibility analysis
- Proficiency in preparing and analyzing financial reports, budgets, and forecasts
- Ability to develop and maintain accounting systems and procedures
- Competence in managing financial audits and responding to inquiries
- Strong understanding of financial risk assessment and mitigation strategies

What you can expect (benefits)

- Competitive salary range based on experience and qualifications
- Comprehensive health, dental, and vision insurance plans
- Retirement savings plan with employer matching contributions
- Paid time off (vacation, sick leave, and holidays)
- Flexible working hours and remote work options
- Professional development and training programs
- Opportunities for career advancement and growth
- Performance-based bonuses and incentives
- Employee assistance programs for mental health and wellbeing
- Tuition reimbursement for continuing education
- Discounted gym memberships or wellness programs
- Commuter benefits and transportation assistance
- Life and disability insurance coverage
- Access to industry conferences and networking events
- Supportive and inclusive work environment
- Company-sponsored social events and team-building activities

Vintti logo

Do you want to find amazing talent?

See how we can help you find a perfect match in only 20 days.

Healthcare Finance Analyst FAQs

Here are some common questions about our staffing services for startups across various industries.

More Job Descriptions

Browse all roles

Start Hiring Remote

Find the talent you need to grow your business

You can secure high-quality South American talent in just 20 days and for around $9,000 USD per year.

Start Hiring For Free