Applies professional concepts to perform basic financial or resource analysis to understand past performance and determine present and future performance and/or resource allocations.
- Analyzes financial and/or resource data; prepares and summarizes information and reports. Inputs data from ledgers into budget worksheets including difficult transfer entries. Prepares reports as requested. Conducts periodic financial data reconciliation and review as directed. Reviews, audits and identifies opportunities for reconciliation for patient revenue, contract revenue and affiliate billing. Analyze provider to patient ratios and comparing to targets based on the employees/providers benchmarks per letter of intent and appointment letters. Evaluate funding commitments and guarantees. Participate in the initial drafting of proformas or financial projections. Budgeting processes: participates in the annual budget process by compiling information related to the funding sources, faculty coverage of salaries, and completing the first data entry set into the template. Participates in budgeting for new and changes in services lines and/or locations for the family medicine department assisting in the decision support activities to support the new venture or changes. Once a new venture is approved, initiate the appropriate forms, i.e. request to hire/request to post positions for faculty or staff positions.
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25 |
Ensures that the appropriate internal controls are addressed, maintained and strengthened to protect University resources.
- Affiliate Contracting Productivity and Billings: create and distribute productivity and financial reports for affiliate contracts, review productivity by physician calculating the relative value units (RVU?s), confirm services were provided per contract by collecting applicable supporting documentation from the physician so the affiliate site can be invoiced. Collaborate with contract revenue department for the invoice to be sent and track the receivables until the account is paid in full. As needed, work with the affiliate accounting department on the status of payment for past due accounts.
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15 |
Under general supervision, provides analytical support for simple to moderate budget, financial or resource analysis projects.
- Analyzes and assists with financial transactions including, but not limited to, expense cost transfers, payroll, cash receipts recording, cost analysis, budget entries, etc. Performs work in a fashion that financial transactions are compliant and timely for monthly postings.
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10 |
Gathers and analyzes financial and/or resource data; prepares and summarizes information and/or recommendations.
- Reviews, audits and identifies opportunities for reconciliation for patient revenue, contract revenue and affiliate billing. Analyze provider to patient ratios and comparing to targets based on the employees/providers benchmarks per letter of intent and appointment letters. Review of funding commitments and guarantees. Participate in the initial drafting of proformas or financial projections.
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10 |
Financial data reconciliation: collect and review reporting from multiple internal and external sources to ensure data matches and is posted accurately to the correct financial account/FAU. Working with pro fee revenue, tracking of overhead expenses (building, administrative, etc.), health benefits for medical residents are applied to the correct department.
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10 |
As invoices and expenses are received, gather supporting documentation required to be approved/paid and report discrepancies, delays. Approves financial transactions like, ePay requests, expense transfers and FAU updates transacted by external departments, like business operations.
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10 |
Receives more detailed instructions for new assignments.
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5 |
Implements department budget allocations and maintains department chart of accounts, and related business processes.
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5 |
Prepares basic financial and resource reports and/or analysis for internal department constituents. Examples include periodic financial reports, staff/faculty salary budgets, contracts, grants, gifts, endowments, or user fees. Financial and/or resource analysis could include budgetary analysis, financial analysis, forecasts, projections, staff or faculty salary or FTE analysis, student enrollment analysis, recharge or general rate analysis (parking rates, copier rates, capital project rates, student health charges) student fees (self-supporting programs, professional school fees, course material fees, etc.) contracts and grants analysis, endowment income, fungibility of funds, working capital, depreciation, new building funds, etc.
- Creates adhoc and standing presentations for budget meetings. Distribute and explain payor mix, graduate medical education (GME), profit and loss, shortfalls/surplus reports to department leaders and physicians. Create, run and prepare reports from the electronic medical records, EPIC Cube and Tableau. Distribute consolidated reports.
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5 |
Applies financial concepts to process, review and approve financial transaction.
- Analyze contractual agreements, submit for committee approval, statements and forms with supporting documentation for physician bonus pay / Z payments.
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5 |