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Financial Analyst

Company name
R1 RCM Inc.

Chicago, IL

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Chicago, Illinois, , United States

Job Category:

Employment Type:

Full time


Job Description

We are looking for a self-motivated Financial Analyst to join our Operations Finance team to support R1 rapid business growth. In this role, you will work with Operational partners to develop financial forecasts, help lead the annual budgeting process, and provide operational and financial analyses to drive strategic business decisions. The analyst will be key in supporting new customer onboarding, measuring performance, and understanding the revenue and cost implications of strategic actions . Additional responsibilities will include leading the offshore team and implementing process improvement initiatives. Your day to day role will include: * Partnering closely with Operations leaders to understand and forecast cost and revenue impacts of R1 outsourced Revenue Cycle model integration in customer hospital systems * Working with business partners to help identify, drive and monitor cost reduction initiatives while enhancing or maintaining revenue performance * Assessing opportunities to deliver value-added metrics and analytical tools to the business * Creating process solutions through automation, standardization, and innovation * Collaborating with clients' finance leadership teams to measure incentive metric results and cost trends * Driving monthly and quarterly reporting and forecasting activities; clearly articulating variance analyses * Supporting yearly operational budgeting process * Developing detailed knowledge of vendor expense profile, service levels, and other metrics to understand and track progress toward cost efficiency goals * Delivering concise, systemic KPIs that ensure transparent performance metrics and tracking toward delivery of company financial commitments * Supporting and challenging performance variances, forecasting processes and budget governance * Monitoring cash position and partnering with Operations to ensure timely collection of receivables * Confirming and continually analyzing economic value of engagements to R1 and customers You Have: * Bachelor's degree in Finance, Accounting, Economics or equivalent. * 2 years of experience in Financial Planning & Analysis, analyzing financial results/statements and developing budgets and forecasts. * Basic accounting knowledge. * Fundamental understanding of business operations, connecting financials to operational drivers * Exemplary analytical and critical thinking skills. * Ability to effectively communicate results of financial analyses and other documents to all organizational levels * Ability to manage multiple priorities in a fast-paced environment while driving toward completion of key goals * Ability to work both independently and cross-functionally * Strong attention to detail * Ability to articulate and defend concepts effectively * Excellent Microsoft Excel skills, proficiency in Microsoft Office Suite including Power Point It would be great if you also have: * Experience using financial reporting tools such as Hyperion, and familiarity with database tools such as Microsoft Access or SQL We offer: R1 is changing healthcare by infusing operational discipline and proprietary technology in hospital financial processes. We are an industry leader; we are the only independent organization with a comprehensive service and technology offering for hospital revenue cycle management, and we have achieved leading outcomes for our customers. * A strong financial performing, growing organization that will keep you on your toes with new ideas, changes and opportunities to learn and grow in abundance. * A culture of excellence, driving customer success so they can focus on improving patient care and on giving back to the community. * A Total Rewards package which may include such things as: competitive compensation package, the ability to choose from a comprehensive benefit program mostly funded by R1 that includes medical, dental, vision, flexible spending accounts, commuter benefits, life and disability insurance, along with work life balance programs including paid time off for personal time, illness and volunteering, and we offer a retirement savings plan and continuing training and development and so much more! Sound like you? Let's talk! About R1: R1 is a leading provider of revenue cycle management services and Physician Advisory Services to healthcare providers. We are the largest independent end-to-end revenue cycle provider and have the longest operating history in the revenue cycle industry. R1's objective is to be the one trusted partner to manage revenue so providers and patients can focus on what matters most. Our distinctive operating model and values includes people, processes, and sophisticated integrated technology/analytics that help customers realize sustainable improvements in their operating margins and improve the satisfaction of their patients, physicians, and staff. We are dedicated to transforming the commercial infrastructure and patient experience in healthcare.

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Company info

R1 RCM Inc.
Website :

Company Profile
JOSEPH FLANAGAN President & Chief Executive Officer Joe joined R1 in June 2013 and serves as President, Chief Executive Officer, and a member of the Board of Directors. To this role, Joe brings 20+ years of management experience and will drive continued operational excellence, technology leadership and value creation for R1's client partners. Joe served as Chief Operating Officer prior to May 2016 and was instrumental in creating and standardizing the R1 Performance Stack

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