Financial Analyst

Company: Ascension Recovery Services

Location: Remote

About Us!

Ascension Recovery Services (Ascension RS) is considered an industry leader in developing and managing comprehensive, fully integrated behavioral health systems, treating SUD and co-occurring mental illness across the full continuum of care. Our mission is to provide culturally competent, comprehensive and fully integrated, behavioral health care to communities and populations that are underserved and/or where people in need are not accessing care.  Our experience in the development of treatment facilities encompasses the entire continuum of care, including detoxification and residential treatment facilities, outpatient programming, sober living homes/recovery residences, peer support services, and job training / workforce reintegration.

When developing a new program, our focus is twofold: 1) provide innovative solutions, utilizing evidence-based and promising practices, that deliver high-quality care for treating and managing addiction as a chronic disease, and 2) develop and implement a financially sustainable business model requiring care coordination and integration of services with incentives aligned for positive outcomes. Ascension RS recently acquired a portfolio of treatment centers that we had previously developed on behalf of a client. The centers, called Wise Path™ Recovery Centers, include detox, residential and outpatient treatment. Ascension RS is focused on growing these centers and then expanding them through de novo builds and acquisitions.

The Financial Analyst will be a key part of the team supporting the Consulting division of Ascension RS.  The ideal candidate will be proficient in excel, and an efficient multi-tasker who takes initiative!

Accountabilities

• Create budgets for startup expenditures for new substance use disorder treatment programs to include: Residential Treatment (RT), Partial Hospitalization (PHP), and Intensive Outpatient Programming (IOP)
• Forecast financial outcomes of the new center to include: Balance Sheet, Income Statement, Statement of Cash Flows
• Establish budgeted operating costs for new centers
• Perform Monthly Budget vs Actual Variance Analysis
• Provide Revenue Cycle Management Assistance
• Complete Other Ad Hoc Analysis
• Deliver Daily Census and Monthly Key Performance Indicator Reporting
• Provide insight to accounts receivable and chargebacks of the new facility (i.e. collection, billing, etc.)
• Develop the estimated revenue stream, through reimbursement rates, from a variety of payers (commercial insurance, Medicaid, self-pay, etc.)
• Establish an annual budget for these various behavioral health / addiction treatment programs, to include RT, PHP, and IOP
• Core Values - Promote and adhere to the workplace values of kindness, teamwork, empathy, integrity, excellence and mission

Education and Experience

• Bachelor’s and/or master’s degree in finance, accounting, or business (health administration
• Direct experience with insurance reimbursement rates (commercial insurance and Medicaid preferred)
• High comfort level with financial reporting on a granular basis to a variety of internal and external constituents
• Revenue cycle experience preferred
• Direct experience with developing and managing an annual budget
• Minimum of two years of experience in accounting and/or financial management required; healthcare experience strongly preferred.