Financial Analyst - SMG

Role Overview

The Financial Analyst - SMG role at WVU Medicine is a critical position responsible for leading, coordinating, and supporting provider compensation and revenue cycle analysis. This role provides analytical support for the development and measurement of production, compensation, and operational targets and models. The Financial Analyst will also coordinate the development, implementation, monitoring, and updating of provider compensation plans. A key aspect of the role involves monitoring and analyzing provider revenue cycle indicators, identifying opportunities for improved performance. The position works closely with Regional Administrators, Hospital and Physician Leadership to ensure productivity/compensation are reported and paid to providers accurately and in a timely manner. Additionally, the Financial Analyst ensures accurate budgeting and strong monitoring of financial results to maximize efficiency and identify opportunities for margin enhancement.

A Day in the Life

A typical day for the Financial Analyst - SMG might involve: * Analyzing monthly performance reports for non-academic provider practice entities. * Collaborating with regional accountants and practice leaders to assess performance against targets. * Maintaining physician compensation and contract management software. * Monitoring total compensation payments to ensure adherence to compensation plans and compliance with Fair Market Value standards. * Communicating with SMG leadership regarding negative variances and rolling projections. * Identifying and communicating revenue cycle performance improvement and margin enhancement opportunities. * Directing the payment of Medical Directorships, Call Pay, and other non-productivity contractual terms. * Conducting financial analysis related to new services, provider compensation rates, and long-term strategic initiatives. * Developing and monitoring physician compensation models. * Conducting analytical research of historical data and projected impact of new or changing services.

Why Morgantown, West Virginia?

Morgantown, West Virginia, offers a unique blend of small-town charm and big-city amenities. As the home of West Virginia University, Morgantown has a vibrant cultural scene, with numerous restaurants, shops, and entertainment options. The city is surrounded by beautiful natural landscapes, providing ample opportunities for outdoor activities such as hiking, biking, and fishing. Morgantown also boasts a reasonable cost of living compared to many other cities in the United States. WVU Medicine provides extensive support for relocation, making the transition smooth and stress-free. This support ensures new employees can quickly integrate into the community and focus on their careers. Morgantown's welcoming atmosphere, combined with WVU Medicine's commitment to employee well-being, makes it an ideal place to live and work.

Career Path

The Financial Analyst - SMG role provides a solid foundation for career advancement within WVU Medicine. Potential career paths include: * **Senior Financial Analyst:** Taking on more complex analytical projects and providing leadership to junior analysts. * **Financial Manager:** Overseeing financial operations for a specific department or region. * **Director of Finance:** Leading financial planning, budgeting, and reporting activities for the organization. * **Chief Financial Officer (CFO):** Providing strategic financial leadership and overseeing all financial functions of WVU Medicine. WVU Medicine is committed to providing its employees with opportunities for professional growth and development. Through training programs, mentorship opportunities, and tuition reimbursement, employees can acquire the skills and knowledge needed to advance their careers.

Salary & Benefits

The estimated salary range for the Financial Analyst - SMG position in Morgantown, West Virginia, is $65,000 to $95,000 per year. WVU Medicine offers a comprehensive benefits package, including: * **Health Insurance:** Medical, dental, and vision coverage. * **Paid Time Off (PTO):** Vacation, sick leave, and holidays. * **Retirement Plan:** Employer matching contributions. * **Life Insurance and Disability Coverage:** Providing financial protection for employees and their families. * **Employee Assistance Program (EAP):** Confidential counseling and support services. * **Wellness Programs:** Promoting healthy lifestyles. * **Professional Development Opportunities:** Training and tuition reimbursement. * **Flexible Spending Accounts (FSA):** Healthcare and dependent care expenses. * **Employee Discount Programs:** Various products and services.

WVU Medicine Culture

WVU Medicine is committed to creating a supportive and inclusive work environment. The organization values teamwork, collaboration, and innovation. Employees are encouraged to share their ideas and contribute to the success of the organization. WVU Medicine also places a strong emphasis on patient care, ensuring that patients receive the highest quality of care in a compassionate and respectful manner. WVU Medicine fosters a culture of continuous improvement, encouraging employees to seek out opportunities to enhance their skills and knowledge. The organization also promotes work-life balance, recognizing that employees are more productive and engaged when they have time to pursue their personal interests and spend time with their families.

How to Apply

To apply for the Financial Analyst - SMG position at WVU Medicine, please visit the WVU Medicine Careers website and search for the job title "Financial Analyst - SMG." Click on the "Apply" button and complete the online application form. Be sure to upload your resume and cover letter, highlighting your relevant skills and experience. The application process may include: * Online application form. * Resume and cover letter submission. * Phone screening interview. * In-person or virtual interview with the hiring manager and team members. * Background check and drug screening.

Frequently Asked Questions (FAQ)

**Q1: What are the minimum qualifications for the Financial Analyst - SMG position?** **A:** The minimum qualifications include a Bachelor's degree in business administration, accounting, finance, or a related field, and three (3) years of accounting/finance-related experience. **Q2: Is experience in healthcare required for this position?** **A:** While experience in healthcare is preferred, it is not required. However, candidates with healthcare experience will be given preference. **Q3: What skills are essential for success in this role?** **A:** Essential skills include financial analysis, data analysis, budgeting, forecasting, communication, and problem-solving skills. **Q4: What is the salary range for this position?** **A:** The estimated salary range for the Financial Analyst - SMG position is $65,000 to $95,000 per year. **Q5: What benefits does WVU Medicine offer its employees?** **A:** WVU Medicine offers a comprehensive benefits package, including health insurance, paid time off, retirement plan, life insurance, disability coverage, employee assistance program, wellness programs, and professional development opportunities. **Q6: Is remote work an option for this position?** **A:** Remote work options may be available, providing flexibility and work-life balance. **Q7: What opportunities are there for career advancement at WVU Medicine?** **A:** WVU Medicine is committed to providing its employees with opportunities for professional growth and development. Potential career paths include Senior Financial Analyst, Financial Manager, Director of Finance, and Chief Financial Officer (CFO). **Q8: What is the work environment like at WVU Medicine?** **A:** WVU Medicine is committed to creating a supportive and inclusive work environment. The organization values teamwork, collaboration, and innovation. **Q9: How does WVU Medicine support employee well-being?** **A:** WVU Medicine offers various programs and resources to support employee well-being, including wellness programs, employee assistance programs, and flexible work arrangements. **Q10: What is the application process for this position?** **A:** The application process includes submitting an online application form, resume, and cover letter, followed by phone screening and in-person or virtual interviews. A background check and drug screening may also be required.