The Senior Business Analyst is within the Revenue Management Team. The Revenue Management Team, as part of Finance, is responsible for the management of payer contracting between all of Fairview and our Commercial and Governmental payers. Senior Business Analyst will be customer service orientated and have strong data mining, analytical, facilitation, project management and communication skills. A Senior Business Analyst may have specific industry knowledge and experience. This position will report to the Manager of Contract Analytics.
The Senior Business Analyst is responsible for developing statistical and financial reporting and analysis based on both internal and external data sources designed to help evaluate Fairviews performance on all shared savings and risk contracting. The Senior Business Analyst extracts and validates data from various information sources while identifying key information and documenting recommendations to assist management in sound business decisions.
The primary area of responsibility for this particular Senior Analyst position is to help gauge the financial impact of Fairviews drive toward an Accountable Care Organization (ACO) on the System. The position will support Fairviews understanding of risk based contracting performance and help to evaluate alternative models that could be used for risk based contracting. The position will require a high level of technical skills and will need to coordination with other corporate and operations based finance groups including hospital and clinic operations, finance, IT and operational leadership. This interaction will be key to identify direct operational metrics, trends and cost/utilization leading indicators used for creating modeling that directly correlates and helps predict our financial performance and forecasts for these contracts.
Expertise in these areas will become increasingly important across all aspects of Fairview as alternate reimbursement models begin to replace traditional reimbursement. Financial due diligence will be essential as non-volume based reimbursement takes on a larger role in our business. The Senior Business Analyst has the opportunity to become associated with the ACO project within Fairview as the system undergoes dramatic changes in how it provides and is compensated for care.
Synthesis of research
Development of recommendations
Lead engagement forecast
Lead Analytic staff, if assigned
Facilitate the work of staff from other infrastructure and operational areas working on the project, if assigned
Provide senior level business analysis
Develop complex business models
Prepare industry analysis
Prepare financial analysis
Complete operational analysis
Analyze complex risk contracts
Reconcile extracts and validate data from various information sources and provide relevant information and recommendations to assist management in sound business decisions
Data and definitions from various sources
Build and maintain good working relationships with staff from infrastructure and operational areas, staff from various outside partners, including payors, vendors and consultants
Manage/supervise flow of information and working relationship with Senior Leadership, payors, vendors and consultants
Demonstrates ability to provide care or service adjusting approaches to reflect developmental level and cultural differences of population served
BA in Accounting, Finance, or Business related field
Experience is required in the areas of capital budgeting and reporting, financial analysis, IRR / NPV / EVA analysis, participating on and leading cross-functional teams, and implementing process improvements.
If candidate has an advanced degree (i.e. MBA), 5 plus years business experience is required.
If candidate has a bachelors degree, 7 plus years of business experience is required.
Ten years in hospital, payor or other health care organization
Together with the University of Minnesota and University of Minnesota Physicians we have created M Health Fairview. M Health Fairview is the newly expanded collaboration among the University of Minnesota, University of Minnesota Physicians, and Fairview Health Services. The healthcare system combines the best of academic and community medicine — expanding access to world-class, breakthrough care through our 10 hospitals and 60 clinics.Fairview Health Services (fairview.org) is an award-winning, nonprofit health system providing exceptional care across the full spectrum of health care services. Fairview is one of the most comprehensive and geographically accessible systems in the state, with 10 hospitals—including an academic medical center and long-term care hospital—serving the greater Twin Cities metro area.Its broad continuum also includes 60 primary care clinics, specialty clinics, senior living communities, retail and specialty pharmacies, pharmacy benefit management services, rehabilitation centers, counseling and home health care services, medical transportation, an integrated provider network and health insurer PreferredOne. In partnership with the University of Minnesota, ...Fairview’s 32,000 employees and 2,400 affiliated providers embrace innovation to drive a healthier future through healing, discovery and education.