Senior Analyst, Business Dev
Columbia University Irving Medical Center · New York, NY · 3 wk ago
Business Development$95k–$100k/yrFull-time
Salary range: $95,000 - $100,000. The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty, and training.
About the role
The Senior Analyst supports a broad range of initiatives that strengthen clinical integration, enhance patient access, promote clinical growth, and increase market competitiveness. The role provides high-level analytical support to the Director of Clinical Business Development to help advance both the financial and operational goals of the organization.
Responsibilities
- Finance and Operations
- Prepare and review financial reports of practices, including Profit & Loss statements and billing analysis.
- Conduct financial and operational assessments of existing practices to identify opportunities for improved efficiency and sustainability.
- Assist in the implementation of approved recommendations derived from practice evaluations to enhance performance and proficiency.
- Design and direct the preparation of ad hoc reports to analyze specific operational and/or financial concerns.
- Create and maintain practice monitoring scorecards and other reporting tools to effectively summarize and track key performance indicators.
- Provide technical and analytical expertise to improve efficiency within the organization's reporting and analysis tools.
- Coordinate with billing and clinical operations to ensure accuracy and integrity of reported data.
- Business Development
- Develop fair market value (FMV) assessments and draft proposals for physician lease and service agreements.
- Assist in the preparation and review of business plans for new clinical faculty recruitment and clinical program expansion.
- Monitor and report on actual performance versus business plan targets, identifying variances and areas for improvement.
- Support the creation of executive-level presentations outlining business plans, key findings, and recommendations for internal and external stakeholders.
- People
- At the request of the Director of Clinical Business Development, represent at department meetings and act as a liaison with external partners (accounting firms, billing companies, vendors, etc.).
- Partner with internal stakeholders to co-design tools and solutions to enhance business development support services and decision-making.
- Managed Care
- Evaluate payer reimbursement levels to assist the Director of Clinical Business Development in developing business plans.
- Analyze reimbursement rates, payer mix, and insurance trends to inform strategic planning and contract negotiations.
- Provide data-driven insights that support the development of payer-specific business plans and financial models.
- Compliance
- Ensure that all business plans, financial models, and physician agreements align with institutional policies and federal regulations.
- Document FMV analyses and maintains justification for all agreements.
- Uphold confidentiality and data protection standards in compliance with HIPAA and institutional policies.
- Collaborate with Legal, Compliance, and Contracting teams to review high-risk agreements.
- Support audits and reviews related to business development activities.
- Other
- Stay informed of regulatory and industry developments that may influence business planning or operational practices.
- Perform other duties and responsibilities as assigned by the Director.
Requirements
- Bachelor's degree in finance, economics, public health or equivalent combination of education and experience.
- Minimum 3 years of related experience in Finance, Economics, or related fields.
- Advanced proficiency in Microsoft Excel, including VBA and financial modeling.
- Strong analytical, critical thinking and problem-solving skills.
- Exceptional written and verbal communication skills.
- Demonstrated ability to work autonomously, while effectively managing competing priorities and consistently meeting deadlines.
Preferred Qualifications
- Experience in healthcare finance or clinical business operations.
- Master’s Degree (MBA, MHA, or similar) preferred.