Cost Strategy Analyst

Now hiring a Cost Strategy Analyst-Remote!

Presbyterian is seeking a Cost Strategy Analyst to serve as a key individual contributor in the Finance organization. Acts on behalf of the Manager of Cost Accounting. Project manager for a variety of long and short-term projects. Leads planning sessions for strategic and operational cost planning and implements outcome of plans. Interfaces with internal business units and external entities (i.e. vendors) to manage requirements gathering, develop labor standards, maintain work plan, coordinate activities in support of costing solution, reporting and analytics. Serves as expert resource and educator to staff and leadership in relation to cost accounting system operation and functionality, cost data design and interpretation, analytic results, business insights, documentation and process improvement. 

How you belong matters here.

We value our employees' differences and find strength in the diversity of our team and community.

At Presbyterian, it's not just what we do that matters. It's how we do it - and it starts with our incredible team. From Information Technology to Food Services and beyond, our non-clinical employees make a meaningful impact on the healthcare provided to our patients and members.

Why Join Us

• Full Time - Exempt: Yes
• Job is based Rev Hugh Cooper Admin Center
• Work hours: Days
• Benefits: We offer a wide range of benefits including medical, wellness program, vision, dental, paid time off, retirement and more for FT employees.
• Remote: Open to remote applicants in the United States, except for the following states: Wyoming, North Dakota, and Ohio

Ideal Candidate:

Bachelors degree in finance, accounting or relevant field required.
8 years of cost accounting experience required.

Cost accounting experience in a health care delivery organization is preferred.

Strong computer software skills are essential including MS Office applications; advanced Excel.

 

• Bachelors degree in finance, accounting or relevant field required.
• 8 years of cost accounting experience required. Cost accounting experience in a health care delivery organization is preferred.
• 6 years experience to include configuration, maintenance, modeling and analytics within a leading cost accounting system (e.g. EPSi, Oracle, TSI, Strata, Siemens, Avega, Cost Plus, Axiom, MedAssets).
  Competent with business intelligence analytical tools (e.g. Business Objects, SAS, relational databases).
• Analytical experience in cost planning, cost strategy, cost development, operations, and/or finance.
• Strong business acumen and technical knowledge.
• Combination of technical, financial, and business knowledge and experience.
• Intermediate to expert MS Office skills with emphasis on Excel, Access and PowerPoint.
• Excellent written and oral communication and presentation skills.

 

 

Project Management:

• Lead a variety of projects and organizational undertakings related to strategic costing objectives.
• Organize, schedule, plan and manage project-related team activities.
• Create, monitor and manage project timelines and validation efforts.
• Create presentations for senior level meetings and briefings.
• Develop agendas and content and manage the meetings and internal communications for various meetings.

Strategy:

• Analyze business challenges/problems requiring strategic cost planning effort for new and changing opportunities.
• Demonstrate expert analytical/problem solving skills and in-depth understanding of the business and systems to identify and develop innovative strategic cost initiatives, and to remediate and resolve complex design issues and problems within the application.
• Provide and coordinate analytics for strategic costing initiatives identified by the VP of Finance and other stakeholders.
• Participate in cost strategy sessions and vet ideas of the strategy team and stakeholders. Facilitate discussions and provide recommendations regarding proper development and use of cost data.
• Design, develop and deploy new methodologies and algorithms to calculate patient level costs in response to changing and future business requirements.
• Perform data research, analysis, prepare reports to communicate impact/results, and support development of costing solution. Perform advanced configuration, testing/quality review and maintenance for production application.

Analytics:

• Participate in the design and development of financial reports and dashboards.
• Demonstrate sound analytical problem solving, investigative and research ability as evidenced by experience in the identification, documentation and communication of issues, requirements, opportunities, and solutions to costing problems.
• Conduct complex data analyses and projections pertaining to ongoing performance of a department, service line, provider or procedure. Provide analyses and data models for cost development.
• Analyze complex data and present key trends in a compelling and easy to understand fashion. Prepare reports and craft consistent messaging for dissemination of cost, operational or financial information.
• Validate reports/analysis to ensure accuracy via comparison to internal and external benchmarks and use of peer review as appropriate. 

Technology:

• Proficient in at least one of the leading cost accounting software applications (e.g. EPSi, Oracle, TSI, Siemens, Strata, Avega, Cost Plus, Axiom, MedAssets) for cost calculation, modeling for payor adjudication, cost and product line analysis, development of relative value units (RVUs) and exporting data.
• Competent in at least one of the leading enterprise resource planning (ERP) systems (e.g. Infor, Oracle, McKesson, Meditech, SAP, Evident, Harris ERP, Healthland, Intacct) for research/remediation of source data anomalies, GL & payroll extract validation, analytics and exporting data. Competent in at least one of the leading hospital electronic medical record (EMR) systems (Epic, Meditech, Siemens, Cerner, McKesson, Healthland, Allscripts, NextGen Healthcare, CPSI) for research/remediation of source data anomalies. Demonstrate knowledge of business intelligence tools (Business Objects, SAS, relational databases).
• Experience in utilizing database tools for research and analyses and for building database models. Perform complex modeling to compile/analyze stakeholder provided RVUs for accuracy and viability.
• Demonstrate ability to research and remediate complex issues related to methodology/algorithm changes, configuration and/or source data anomalies.
• Demonstrate strong knowledge and understanding of the structural and configuration relationships between the source systems, application, modules, etc.
• Alliance Management: Meet with business leaders, business units and other stakeholders to provide education and guidance in the development of cost standards and business requirements. Work with representatives from external hospitals to benchmark and gather data to find ways to improve costing and to decrease costs.
• Serve as a liaison with internal business units and external entities to support costing, reporting and analytic efforts.
• Function as a key contributor for tasks or projects while managing multiple tasks and meeting established deadlines. Deal with highly confidential information, both patient-level and employee-level. Interface with all levels of the organization including many VPs.
• Collaborate and achieve actionable results through others while building strong, sustainable relationships.
• Perform other duties as assigned

All benefits-eligible Presbyterian employees receive a comprehensive benefits package that includes medical, dental, vision, short-term and long-term disability, group term life insurance and other optional voluntary benefits.

Wellness
Presbyterian's Employee Wellness rewards program is designed to provide you with engaging opportunities to enhance your health and activate your well-being. Earn gift cards and more by taking an active role in our personal well-being by participating in wellness activities like wellness challenges, webinar, preventive screening and more.

Why work at Presbyterian?
As an organization, we are committed to improving the health of our communities. From hosting growers' markets to partnering with local communities, Presbyterian is taking active steps to improve the health of New Mexicans.

About Presbyterian Healthcare Services
Presbyterian exists to improve the health of patients, members, and the communities we serve. We are locally owned, not-for-profit healthcare system of nine hospitals, a statewide health plan and a growing multi-specialty medical group. Founded in New Mexico in 1908, we are the state's largest private employer with nearly 14,000 employees - including more than 1600 providers and nearly 4,700 nurses.

Our health plan serves more than 580,000 members statewide and offers Medicare Advantage, Medicaid (Centennial Care) and Commercial health plans.

Inclusion and Diversity
Our culture is one of knowing and respecting our patients, members, and each other. We capture this in our Promise and CARES commitments.

AA/EOE/VET/DISABLED. PHS is a drug-free and tobacco-free employer with smoke free campuses.

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USD $47.83/Hr.

The compensation range for this role takes into account a wide range of factors, including but not limited to experience and training, internal equity, and other business and organizational needs.