Millennium Physician Group

Sr. Financial Analyst

Millennium Physician Group  •  $77k - $116k/yr  •  Fort Myers, FL (Onsite)  •  4 days ago
Apply
AI can make mistakes so check important info. Chat history is never stored.

Job Description

The Sr. Financial Analyst serves as the key financial liaison with risk affiliated entities, ensuring accurate financial execution, compliance, and transparency. This role is responsible for overseeing Incentive Pool calculations, payment integrity, audit preparedness, and financial reporting related to Medicare Advantage, ACO, and value-based arrangements.

How will you make an impact & Requirements

Responsibilities

  • Track and validate all Incentive Pool calculations, including attributed revenue, medical expense, incentive payments, and initial startup costs.
  • Provide verification support for contractual audit rights and maintain line-item expense transparency for items in excess of reasonable thresholds.
  • Provide monthly reporting around Financial performance and operational metrics associated with Medicare Advantage and Medicare ACO contracts. Operational metrics include address rate, recapture rate, and admits per 1000 (admission, discharge, and keep metrics).
  • Ensure timely incentive payment calculations, annual reconciliations, and performance reporting as outlined contractually.
  • Document and manage offsetting of surpluses/deficits under Incentive Pool.
  • Support decision-making and documentation for renegotiation events.
  • Ensure accurate tracking of IBNR reserves, Payor Adjustments, and retroactive adjustments in accordance with contractual requirements.
  • Track and reconcile incentive payments tied to burden of illness. Collaborate with Accounting on monthly journal entries for incentive activity and coordinate with Treasury for timely payments.
  • Oversee receipt and accounting of risk-based and shared-savings revenue. Reconcile direct fee-for-service receipts, ensuring clear segregation between FFS and value-based revenue streams.
  • Manage responses to third-party payor and government audits. Provide detailed supporting schedules and reconciliations for any financial audits requested.
  • Manage invoicing, cash flow, and ongoing communication with for employee lease arrangements.
  • Continuously evaluate financial performance to identify early indicators of performance variance. Support senior leadership in evaluating performance.

Qualifications

  • Bachelor’s degree in finance, accounting, or a related field required; CPA preferred.
  • Minimum 2-3 years of progressive experience in healthcare finance, preferably within managed care, ACO, or health system settings.
  • Experience with financial analytics, financial statements, and claims data.
  • Demonstrated experience in contract-driven financial management and audit compliance.
  • Strong knowledge of capitation, shared savings, and risk-adjustment methodologies a plus.
  • Strong strategic thinking, problem-solving, and leadership abilities.
  • Ability to navigate complex relationships across the organization.
  • Ability to work independently in a fast-paced, cross-functional environment.

Compensation Range:

$77,417.00

to

$116,126.00

The anticipated base salary range represents the Company's good-faith estimate of the compensation it reasonably expects to pay for this position at the time of posting. Actual compensation will be determined based on factors including experience, skills, qualifications, geographic location, internal equity, and business needs.

Millennium Physician Group

About Millennium Physician Group

Founded in Port Charlotte, Florida, in 2008, and now headquartered in Fort Myers, Millennium Physician Group is one of the largest comprehensive physician-led groups with more than 900+ healthcare providers and 200+ locations now including FL, TX, NC, and GA.

Services center on primary care and are complemented by specialty care, walk-in centers, radiology and lab services, physical therapy, telehealth, wellness programs, home health, hospital care, and much more.

Nationally recognized as a leader in value-based care with consistently high levels of physician engagement, Millennium aims to create a genuinely connected healthcare experience for patients by providing a comprehensive and coordinated approach to healthcare… and be Your Connection to a Healthier Life.

Industry
Healthcare & Social Services
Company Size
1,001-5,000 employees
Headquarters
Fort Myers, Florida
Year Founded
2008
Social Media