Covenant Health

Financial Analyst, Cardiology Services

Full Time, 80 Hours Per Pay Period, Day Shifts

Covenant Health Overview:

Covenant Health is East Tennessee’s top-performing healthcare network with 10 hospitals and over 85 outpatient and specialty services, and Covenant Medical Group, our area’s fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned, not-for-profit healthcare system and the area’s largest employer with over 11,000 employees. Covenant Health is the only healthcare system in East Tennessee to be named six times by Forbes as a Best Employer. 

Position Summary: 

The Financial Analyst is a highly driven leader responsible for supporting value creation through pro-forma and ad-hoc analyses, financial reporting, and decision-support tools for the Covenant Health Cardiology Service Line. This role partners with leadership across the system to achieve financial management objectives, delivering accurate, high-quality reports and tools that optimize financial operations. Key responsibilities include developing, implementing, and maintaining financial decision-support and benchmarking systems, analyzing historical and current performance, and creating models to assess the financial impact of business decisions. Success in this position requires expertise in complex datasets and the ability to present data in a clear, actionable format for enterprise leaders.

• Develop and maintain financial proformas and models. Coach team members on projections and scenario analysis to support enterprise decision-making. Serves as a backup for department leadership.
• Review trends in revenue, expenses, and capital expenditures. Support monthly reporting and identify opportunities for improvement.
• Implement and update financial modules (productivity, contract analytics, market share analytics, and costing). Ensure data accuracy and compliance with operational changes. Actively engages in self-directed learning to deepen knowledge and understanding of decision support tools.
• Audit financial data within decision support systems. Reconcile data to source systems and maintain accurate mappings for cost accounting and productivity.
• Submit data for external benchmarking partners on schedule. Validate audit reports, resolve discrepancies, and perform complex benchmarking analysis to identify best practices. Takes lead on initiatives with decision support partners, and proactively makes recommendations for improvement.
• Prepare labor and revenue analyses, analyze exception requests, and update productivity targets. Collaborate with Managed Care and Reimbursement teams on aggregate reimbursement assumptions.
• Produce timely reports and presentations for system leadership. Provide insights on expense management, revenue opportunities, pricing strategies, and alternative payment models. 
• Identifies key areas of opportunity for processes, tools, and systems. Proactively makes recommendations for improvement and takes lead on implementation.
• Serve as a trusted thought partner and analytical advisor. Lead workshops on expense management, variance reporting, and contribute to system design improvements. Demonstrates leadership in designing and developing effective financial decision support methods and systems. Builds key relationships across the enterprise, strengthening those relationships to anticipate the business needs of key stakeholder groups.
• Maintains professional growth and development through continuing education, seminars, and professional affiliations to keep informed of industry trends. Attends professional/society/business meetings.
• Follows policies, procedures, and safety standards. Completes required education assignments annually. Works toward achieving goals and objectives, and participates in quality improvement initiatives as requested.
• Performs other duties as assigned.

Minimum Education:

BS in Business, Accounting, Finance, or related discipline from an accredited academic program.

Minimum Experience:

Six (6) years of healthcare financial experience, or the equivalent combination of experience and education with at least two (2) years in Cardiology services.

Licensure Requirement:      

None