A Healthcare Business Analyst is a Business Analyst who works in the Healthcare industry.
While this specialized Business Analyst job description is very similar to those of other Business Analyst roles, they do have some specialized skill sets and experience.
Some of these specializations include expertise in strategy, data analysis and project management.
Let us take a look at an example of a healthcare business analyst job post.
Job Summary
- Supporting the Vision, Values, Purpose and Commitments of XYZ inc. including service delivery that is centered around patients/clients/residents and families:
- Provides leadership and is responsible for developing, monitoring, analyzing and assessing the performance for key business initiatives within IT department at XYZ Inc.
- Plans and develops reporting requirements to meet key clinical, financial, human resource and operational data to develop strategic business cases.
- Monitors projects against defined plans and maintains key performance indicators and balanced scorecards for the assigned area.
- Develops and/or recommends process and guidelines for operational planning, performance management, coordination of new initiatives, process redesign and information management to meet XYZ Inc’s strategic and operational objectives.
Duties & Responsibilities
- Provides business analysis by conducting workflow analysis.
- Develops, reviews and analyzes business information requirements and models by defining the business scope and objectives including the planning, designing, or modifying of practical manuals and automated business procedures.
- Identifies and analyzes new project initiatives by staying current with initiatives under consideration.
- Prepares briefing papers, operational review and strategic business cases including capital, operating and start-up costs and projected revenues.
- Consults with the relevant stakeholders regarding impact assessment and implementation strategies; evaluates the new project initiatives and identifies variances.
- Conducts and prepares business cases and analysis on program deletions and mergers by compiling information, compiling and analyzing the data and reporting on findings.
- Assists in the re-engineering process for transition from existing to new service program models.
- Circulates reports, business cases and recommendations to key stakeholders to review.
- Conducts review and provides detailed analysis, advice and interpretation of information such as operating budgets, new/expanded program requests and other information by gathering information, preparing summary reports, identifying strengths/weaknesses and trends and providing recommendations.
- Performs system reviews for all financial and operational systems by reviewing requirements for integration with other systems.
- Works with the various departments to ensure requirements are met and assists with the implementation of consistent systems.
- Develops implementation plans and timelines, reviews information and provides recommendations.
- Manages, develops and monitors assigned projects against defined project objectives by developing and maintaining key performance indicators, balanced scorecards and identifying opportunities for improvement.
- Gathers information, assesses, determines or identifies trends and recommends changes in project scope where appropriate.
- Coordinates the work activities related to the production of major reports and documents related to key project objectives.
- Verifies accuracy, consistency and integrity of data; consults with the Business Support & Results Office team to validate contents of reports and documents.
- Ensures quality improvement and utilization management systems and monitors processes are in place.
- Analyzes and interprets quality improvement and utilization data to identify trends and variances, monitor cost and volume items.
- Recommends areas for immediate follow up, gathers evidence of service effectiveness and identifies outcome measures for improved utilization of services.
- Researches financial planning, forecasting and reporting methodologies to meet changing business needs.
- Assesses and provides input in how industry-wide changes should be reflected in the planning process
- Develops annual performance plans including setting measurable goals and objectives for the assigned area of responsibility, in collaboration with the Manager.
- Attends and participates in a variety of meetings and committees to provide perspective for a business analysis perspective.
- Participates in the decision-making process by providing information and expertise on subject matter.
Qualifications
Education, Training, and Experience
Bachelor’s degree in Commerce, Finance, Industrial Engineering, Health or Business Administration, plus five (5) years’ recent, related experience in decision support, business analysis and/or health care management in a large complex organization, or an equivalent combination of education, training and experience.