Western Michigan University Homer Stryker MD School of Medicine (WMed) is recruiting for a Senior Financial Analyst. In this role, the ideal candidate will perform a broad range of planning and analysis for WMed and affiliated companies. Monitors actual results of financial data against plans and budgets, determines trends, and explains financial results. Prepares detailed reports and presentations for review by all levels of management. Also, provides moderately complex financial analyses and reports as needed. Analyzes financial data by collecting, monitoring, and creating budgets and benchmarks, determines trends and helps to explain results. Gathers, organizes, and documents relevant financial information. Provides oversight and coordination of operating reports and statutory filings for assigned functional areas. Leads and manages projects and continuous improvement efforts as defined by Administration, using standard approach (define, plan, implement, and monitor). Provides analytical expertise and comparative analysis to support complex decision-making by Administration.
Areas of focus include:
Physician compensation analysis
Assists Associate Dean of Administration and Finance in implementing and overseeing elements of the Physician Compensation Program, to include quantitative and qualitative analysis of healthcare and financial data, annual compensation calculations, oversight of payroll approvals and financial accruals, benchmarking of physician comp and productivity statistics, budgeting physician data (labor budget, revenue budget, and statistical budget); assists with decision support for financial proformas; provides construction of databases and reports.
Revenue cycle analysis
Reviews and monitors the overall financial status of clinical revenue from services provided in clinical settings. Reviews, designs, and implements processes for pricing and performs financial analyses to ensure that the clinical revenue cycle is effective.
This position requires a high level of integrity as it deals closely with confidential information.
EDUCATION AND/OR EXPERIENCE:
About Western Michigan University Homer Stryker M.D. School of Medicine
As one of the newer US medical schools, WMed is an exciting environment to pursue an academic career. The medical school is a collaboration of Western Michigan University, and Kalamazoo's two teaching hospitals, Borgess Health and Bronson Healthcare. Planning for the new medical school began in 2008 and WMed was granted provisional accreditation from the Liaison Committee on Medical Education and candidate status by the Higher Learning Commission in 2016. The school, which welcomed its inaugural class in August 2014, is a private 501(c)(3) nonprofit corporation supported by private gifts, clinical revenue, research activity, tuition from students, and endowment income. The home of the new medical school includes the WMU Homer Stryker M.D. School of Medicine Clinics, a modern 60,000-square foot clinical building on the Oakland Drive Campus, and a 350,000-square foot educational building in downtown Kalamazoo located on the W.E. Upjohn M.D. Campus. The building, donated by MPI Research, underwent a $68 million renovation and expansion project, including a 24,000 state-of-the-art Simulation Center. In 2016, an additional $10 million expansion created two floors supporting clinical and laboratory research, and the medical school acquired the Innovation Center, a 69,000-square foot, purpose-built incubator and co-working space, located on the Parkview Campus.
There are more than 200 residents and fellows in nine residencies and three fellowships accredited by the Accreditation Council for Graduate Medical Education (ACGME). WMed is accredited by the Accreditation Council for Continuing Medical Education (ACCME) for continuing medical education.
Kalamazoo is a wonderful and vibrant city, located midway between Chicago and Detroit. It is a short distance from Lake Michigan, and home to two nationally ranked institutions of higher learning, Western Michigan University and Kalamazoo College. Kalamazoo is known for its community focus and emphasis on access to quality education at all levels. The Kalamazoo Promise is a nationally renowned program in which graduates of Kalamazoo Public Schools receive free tuition to attend public and private colleges in Michigan. At the other end of the educational continuum, the Kalamazoo Ready 4s program ensures that every 4-year-old in Kalamazoo County has the opportunity to attend a high-quality pre-kindergarten program, regardless of ability to pay. Kalamazoo and Michigan provide extensive entertainment and recreational activities, including opportunities to enjoy the outdoors, unique restaurants and shops, and a strong culture supporting the arts.
Western Michigan University Homer Stryker M.D. School of Medicine is an Equal Employment Opportunity /Affirmative Action employer of females, minorities, individuals with disabilities, and protected veterans, and actively strives to increase diversity within its community. We provide a drug- and tobacco-free workplace.
EEO Minorities/Women/Disabled/Protected Veterans.