Senior Analyst, Business Development
Columbia University Irving Medical Center · New York, NY · 4 mo ago
Business Development$95k–$100k/yrFull-time
Responsibilities
- 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.
- Affiliate in the implementation of approved recommendations derived from practice evaluations to enhance performance and proficiency.
- 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.
- Cook with billing and clinical operations to ensure accuracy and integrity of reported data.
- Develop fair market value (FMV) assessments and draft proposals for physician lease and service agreements.
- Affiliate 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.
- 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.
- 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.
- Ensure that all business plans, financial models, and physician agreements align with institutional policies and federal regulations.
- Document FMV analyses and maintain 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.
- Stay informed of regulatory and industry developments that may influence business planning or operational practices.
Qualifications
- 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.