Lahey Health Financial Analyst I in Burlington, Massachusetts
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
Under the general supervision of the Director and Manager of Government Reporting and Analysis, the Financial Analyst I performs duties in support of the reimbursement functions of Lahey Health Shared Services. There is a wide breadth of data needs that are supported by this position which requires the ability to multitask, prioritize and work with others to complete assignments.
Essential Duties & Responsibilities including but not limited to:
Assist in developing and maintaining monthly Hospital and Professional Accounts Receivable (AR) financial models; creating the monthly Third Party contractual allowance and reserve for bad debt general ledger journal entries by business unit and reconcile entries to the general ledger for review with Director
Assist the Senior Analyst in creating, maintaining and distributing the monthly AR summary worksheets (current year, prior year) utilized during the review of financial statements.
Assist in the annual preparation and submission of the Medicare and Center for Health Information and Analysis (CHIA) Cost Reports, ensuring expense, revenue and statistical information is accurate.
Assist in the Area Wage Index (AWI) audit, creating documentation related to Salaries & Wages, Contract Labor, Pension and other Wage Related Costs.
Responsible for the accumulation and reporting of the Medicare Physician Time Allocation reports, along with assisting in the development and presentation of educational programs offered to each department.
Maintain Medicare Bad Debt and Crossover (Dual Eligible) logs for Medicare Reimbursement for multiple institutions.
Assist in all aspects of gathering and reporting transplant related information to Medicare and maintaining financial models to measure the reimbursement impact of interim Medicare payments versus final settlements
Assist in the State and Federal Cost report audits, providing supporting documentation for all expenses reported, cost based reimbursement aspects (Transplant and Paramedical) as well as IME, GME, EHR and Bad Debt.
Assist in maintaining Resident and Fellow rotation schedules and demographic information for filing with Medicare.
Reporting to the Director of Government Reporting and Analysis, this position participates in a wide variety of tasks in support of multiple institutions’ Third Party reimbursement efforts
Keep abreast of Center for Medicare and Medicaid Services and State Regulations where changes and updates may have an impact on the LHS reporting and compilation of required information
Attends meetings as required and participates on various committees as requested.
This position may have other ongoing and periodic projects or responsibilities in addition to those listed above
- Bachelor’s degree in Finance, Business Administration or Accounting.
Licensure, Certification & Registration: n/a
- 0-2 years of Healthcare Finance preferred
Skills, Knowledge & Abilities:
Microsoft Excel, Word and Access; verbal and written communication skills;
Epic and EPSI knowledge a plus.
Beth Israel Lahey Health is d edicated to improving health and wellness and making a difference in the lives of our patients, their families and all members of the communities we serve. Formed in March 2019, Beth Israel Lahey Health is a patient-centered, integrated care delivery system providing a continuum of services spanning academic, tertiary and community hospitals, dedicated orthopedic and psychiatric hospitals, primary and specialty care, community acute care, ambulatory care, behavioral services and home health. Beth Israel Lahey Health Performance Network is a unified joint contracting and population health management organization, jointly governed by participating physicians and hospitals.
Equal Opportunity Employer/Minorities/Females/Disabled/Veterans.
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