Job Title: Senior Cost Analyst
Location: REMOTE
• MUST live in NJ,NY, or PA
• Expected to go onsite sporadically for meetings in West Orange, NJ
Schedule: M-F: 9-5 or 8-4
Must-haves
• Bachelor’s degree in Finance/Accounting
• 7-10 years of Healthcare Finance or Decision Support experience with at least 5 of those years focused in Healthcare Cost Accounting. A Masters degree a plus.
• Expert understanding of cost accounting principles needed to accurately measure and analyze costs associated with patient care. Ability to distinguish between direct costs tied to a specific service, and those that are allocated across operations.
• Proficiency in applying various costing methods such as Ratio of Cost to Charge (RCC), Relative Value Unit (RVU) or Activity Based Costing (ABC) to accurately allocate costs to specific services.
• Proficient in Healthcare Cost Accounting analytical tools, such as STRATA Jazz.
• Proficient in Microsoft Excel, and strong analytical skills required.
Plusses
• Masters Degree
• Hospital and Physician billing system knowledge, such as EPIC, a plus.
Day-to-Day:
Insight Global is looking for a Senior Cost Analyst to join our enterprise healthcare client in NJ. They will utilize STRATA Cost Accounting application to process general ledger, payroll and statistical data, to develop consistent costing models across the enterprise. A comprehensive understanding of GL expenses, overhead allocation methods, and alignment of expenses with revenue is leveraged to accurately calculate the cost of services, to be used to analyze the financial performance of service lines, comparing system-wide procedural cost and utilization. They will maintain cost accounting rules for each facility, to ensure consistent handling of direct and indirect expenses, and appropriate alignment of expenses with revenue. They’ll also develop an efficient process to facilitate timely GL cost updates and consistency across the sites. Their responsible for maintaining department mapping tables, GL account to component mapping rules, payroll account to component mapping rules and, overhead allocation rules to ensure allocated costs are appropriately aligned to encounter data. Additionally, they’ll communicate effectively with site Finance department managers to gain understanding of GL expenses, research GL changes, make recommendations for indirect allocations and review costing results. They will also reconcile GL Revenue to Charge data within Strata application to ensure that data is accurately captured and aligns with the cost allocated.
Compensation:
$91,000 to $130,000 per year annual salary
Exact compensation may vary based on several factors, including skills, experience, and education.
[Benefit language should be provided by the client since this is for a perm position- if they do not provide it upon our request, we can insert something super generic like “Benefit packages for this role may include healthcare insurance offerings and paid leave as provided by applicable law.”
