Colorado Hospital Association (CHA) is the leading voice of Colorado’s hospital and health system community. Representing more than 100 hospitals and health systems throughout the state, CHA serves as a trusted, credible and reliable resource on health issues, hospital data and trends for its members, media, policymakers and the general public. Through CHA, Colorado’s hospitals and health systems work together in their shared commitment to improve health and health care in Colorado. For more information on CHA, visit www.cha.com.
Position Summary: The Sr. Financial Analyst plays a critical role in supporting CHA, and hospital systems overall, by delivering strategic financial analysis that informs policy, advocacy, and decision-making. This position leads complex modeling and reporting on hospital financing trends and translates data into clear insights for CHA leadership, members, and partners. The role serves as a trusted resource on hospital reimbursement, Medicaid financing, and the financial impact of regulatory change.
Essential Job Duties and Responsibilities:
• Create, lead, and prepare analyses and reporting of the Colorado hospital industry financial and economic conditions
• Maintain analytic models to understand fee, payment, and expenditure trends in Colorado Healthcare Affordability and Sustainability Enterprise (CHASE) a $5+ billion program.
• Work directly with CHA hospital members and the department of Health Care Policy and Financing on variance analysis and to identify and resolve reporting irregularities or errors within the Medicaid financing and the CHASE program.
• Use business analytic tools (Excel. Power BI, Alteryx) to connect data sets, transform and clean data into visualizations for CHA staff and Colorado hospitals.
• Provide financial analysis and support for legislative, regulatory, or other proposed changes impacting hospital finances
• Understand State and Federal statutes and regulations related to hospital finances including Medicare and Medicaid programs.
• Prepare CHA mitigation calculation and communicate contribution and payment changes to CHA hospital members.
• Understand and evaluate analyses prepared and provided to CHA by outside parties to determine their usefulness to CHA and CHA members.
• Create analyses based on available data sources, including the, CHA discharge data, DATABANK, Medicare Cost reports, HANYS, or other available data.
• Assist Vice President of Finance in coordinating CHA communications, education and presentations based on analysis of State and Federal rules and regulatory changes.
• Ability to create and present educational presentations for internal staff, State employees and CHA’s membership.
• Work with CHA data team and the association advocacy team to provide hospital finance expertise and related financial analysis in response to ad hoc requests.
Other Duties:
• As assigned
Supervisory Responsibilities:
• None
Knowledge, Skills and Experience required (unless otherwise noted):
• Bachelor’s degree (finance, accounting or statistics); masters preferred
• Minimum of 2-4 years previous experience in financial or statistical analysis
• Knowledge of Medicare Cost Report preferred
• Expert skills in Microsoft Excel; ability to create and analyze complex spreadsheets
• Proficiency in other Microsoft Office applications
• Previous experience with data blending software preferred
• Excellent verbal and written skills; ability to create presentations for non-financial audiences
• Previous experience in healthcare and/or hospital finance
• Strong time management skills
• Strong internet research skills
Physical Demands / Work Environment:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Working conditions are normal for a fast-paced office work environment.
• Requires frequent day-travel within the Denver metro area and occasional overnight travel
• Requires infrequent weekend and/or evening work.
• Presentation of technical material in group settings required occasionally.
• Individuals may need to sit or stand as needed.
• Requires walking primarily on a level surface for periodic periods throughout the day.
Material and Equipment Directly Used:
• Personal computer with Microsoft Office 365 software applications
• Cell phone
• Copy machine
• Printer
• AV platforms such as Zoom/Webex
Hiring salary range: $75,000 - $85,000 annually, benefits eligible
The hiring salary range represents a targeted hiring range based on candidate’s experience, education, and/or skill level. The actual starting salary may be more or less depending on individual qualifications and does not represent the position’s full salary range.
NOTE: This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the job. The employee will be required to follow any other instructions and to perform any other duties requested by their supervisor. Nothing in this job description shall create or is intended to create, or shall be construed to constitute a contract of employment, express or implied. Employees are held accountable for all duties of this job.