Vizient ODB Specialist - Senior Financial Analyst

Position Overview

The Vizient Operational Database (ODB) Specialist plays a crucial role in coordinating the submission of ODB data to Vizient, ensuring accuracy and timely reporting. This role also involves supporting the use of Vizient data for performance trend identification and financial decision-making.

Responsibilities

• Coordinate quarterly ODB data submission to Vizient, collaborating with internal stakeholders and Vizient representatives.
• Manage the quarterly ODB submission process, including data collection, entry, validation, reconciliation, finalization, and submission through Vizient's Data Collection Module.
• Perform comprehensive data quality reviews and audits to ensure accuracy, completeness, consistency, and appropriate interpretation of submitted data and resulting reports.
• Serve as the primary point of contact for ODB-related communications, activities, questions, and initiatives involving internal stakeholders and external Vizient partners.
• Coordinate data gathering requirements and collaborate with Enterprise Analytics and other data partners to support accurate, timely, and sustainable ODB reporting.
• Communicate the impact of changes in services, volumes, staffing, revenues, expenses, organizational structure, and general ledger activity on ODB reporting and benchmarking results.
• Carefully coordinate and facilitate the annual review and completion of Vizient ODB questionnaires, surveys, and other required documentation.
• Maintain and administer Vizient ODB user access and accounts in accordance with organizational needs and established processes.
• Coordinate ODB education and training opportunities for stakeholders and collaborate with Vizient and internal partners to promote effective use and interpretation of ODB reporting.
• Develop and maintain quarterly KPI dashboards and other reporting tools to communicate organizational performance, benchmark results, trends, and material changes to leadership and key stakeholders.
• Partner with operational and financial leaders to interpret benchmark data, identify performance improvement opportunities, and support data-informed decision-making related to investments, utilization, productivity, and expense management.
• Collaborate with Operating Budget, Decision Support, and other Finance teams to identify opportunities for operational efficiency and financial improvement and monitor performance following implementation of improvement initiatives.
• Support the effective use of Vizient benchmarking and comparative data by transforming complex results into meaningful insights and actionable information for stakeholders.

Qualifications

• Bachelor’s degree or equivalent experience in accounting, auditing, or financial analysis.
• At least 3 years of relevant experience in accounting, auditing, or financial analysis.
• Experience utilizing or coordinating preparation and use of benchmark data.
• Self-motivated with a passion for continuous learning and a desire to tackle challenging projects.
• Superb time management skills and the ability to multitask and work in a fast-paced environment.
• Demonstrated ability to focus on details and execute tasks under tight deadlines.
• Demonstrated ability to work independently and in conjunction with cross-functional teams.
• Excellent written and verbal communication skills.
• Ability to think critically and creatively when working with data.
• Demonstrated proficiency with Microsoft software applications including Excel, PowerPoint, Outlook, and Word.

Desired Experience

• Experience in health care finance or analytics.
• Preference given to a background in an academic setting.
• Experience identifying opportunities for operational improvement and using creative efforts to bring about solutions.
• Knowledge of University of Iowa and UI Health Care accounting principles, internal controls, and information systems.