Financial Analyst, Managed Care

About the Role:

The Financial Analyst for Managed Care plays a crucial role in the health care services industry by providing in-depth financial analysis and insights that drive strategic decision-making. This position is responsible for evaluating financial performance, forecasting future financial trends, and identifying areas for cost reduction and efficiency improvements. The analyst will collaborate with various departments to ensure that financial strategies align with organizational goals and regulatory requirements. By analyzing data related to member care costs, reimbursement rates, and operational efficiencies, the Financial Analyst will contribute to the overall financial health of the organization. Ultimately, this role aims to enhance the quality of care provided while ensuring financial sustainability. ILS, along with its affiliated health plans known as Florida Community Care and Florida Complete Care, is committed to promoting a higher quality of life and maximizing independence for all vulnerable populations.

Minimum Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Minimum of 2 years of experience in financial analysis, preferably in the healthcare sector.
• Strong proficiency in financial modeling and data analysis tools, such as Excel.
• Relevant experience may substitute for the educational requirement on a year-for-year basis.

Preferred Qualifications:

• Master's degree in Business Administration (MBA) or a related field.
• Experience with managed care financial analysis and understanding of healthcare reimbursement methodologies.
• Familiarity with financial software and reporting tools.

Responsibilities:

• Conduct comprehensive financial analysis of managed care contracts and reimbursement models.
• Prepare detailed financial reports and presentations for senior management and stakeholders.
• Monitor and analyze key performance indicators (KPIs) to assess financial performance and operational efficiency.
• Collaborate with clinical and operational teams to develop budgets and financial forecasts.
• Identify trends and variances in financial data, providing actionable insights to improve profitability.

Skills:

The required skills in financial analysis and modeling are essential for evaluating complex data sets and making informed recommendations. Proficiency in Excel and other analytical tools allows the Financial Analyst to create detailed financial models that support strategic initiatives. Strong communication skills are necessary for presenting findings to stakeholders and collaborating with cross-functional teams. Attention to detail is critical in ensuring accuracy in financial reporting and compliance with regulations. Preferred skills, such as familiarity with managed care systems, enhance the analyst's ability to navigate the unique financial landscape of the healthcare industry.