Overview
This full-time Clinical Research Financial Analyst I role is part of the Office of Clinical Research (OCR) within 10010 NCCT (National Center for Clinical Trials) - Administration. The position supports clinical research administration and financial activities under the direction of a Clinical Research Administration Manager.
- Status: Full time
- Hours per week: 40
- Schedule: Remote
- Remote requirement (approved states): Applicants must reside and perform work from one of the approved states listed: AL, AK, AR, AZ, DE, FL, GA, IA, ID, IN, IL, KS, KY, LA, ME, MI, MO, MS, MT, NC, ND, NE, NH, NM, NV, OH, OK, PA, SC, SD, TN, TX, UT, VA, WI, WV, and WY.
- Pay range: $28.55 - $42.85
- Benefits eligible: Yes
Responsibilities
The Clinical Research Financial Analyst I may support pre-award and post-award activities across a portfolio of clinical research studies, including:
- Medicare Coverage Analysis (MCA): Review complex study protocols, sponsor agreements, and informed consent forms to determine whether a study is a qualifying clinical trial.
- Coverage (billing) grid development: Develop coverage (billing) grids in OnCore by analyzing Medicare benefit policies, coverage determinations, and medical practice guidelines related to study-specific interventions (e.g., physical exams, labs, radiological scans).
- Collaboration on MCA and funding sources: Work with the Principal Investigator and clinical research team to finalize the MCA and designate funding sources for research costs.
- Cost analysis and standards library: As needed, develop comprehensive cost analyses for the initial study budget and maintain a library of relevant standards of care, National Coverage Decisions (NCDs), Local Coverage Determinations (LCDs), etc.
- Policy monitoring: Stay current on Medicare, sponsor, and other federal policy and regulatory issues.
Budget Development and Negotiation
- Develop internal study budgets with the Principal Investigator and clinical research team, including all applicable costs.
- Build detailed final budgets by identifying activities, tests, and procedures based on the protocol, study calendar, and other study documents.
- Create visit schedules and budgets in OnCore and, as needed, negotiate with sponsors to reach agreements appropriate to trial costs.
- In collaboration with the Research Billing Team, periodically review patient care charges associated with each clinical research study.
- Coordinate with Special Billing and Department post-award personnel to ensure charges for all patient procedures are treated appropriately.
Financial Management
- Support financial management for clinical trials originating from federal, foundation, and industry funds by performing all accounts receivable functions.
- Generate and send invoices to study sponsors.
- Track and monitor sponsor receivables, including pass-through fees and milestone payments.
- Generate reports for project study financials.
- Reconcile payments received to OnCore and CORE Connect (Oracle Cloud institutional financial system) and notify Financial Services of the appropriate study account to receive payment.
- Resolve sponsor financial issues as needed.
- Determine amounts paid and remaining balances due on assigned sponsor accounts.
- Establish and maintain payment plans with Department Contact guarantors regarding past-due accounts; re-evaluate payment plans when accounts become delinquent.
- Follow up with departments to ensure proper amounts are collected and independently recommend actions regarding account status.
- Initiate calls to departments to confirm proper payment on the research account; mail financial statements to departments.
- Review account balances and communicate with departments by phone and email regarding professional and hospital billing and collection policies and procedures.
- At study completion, support Department post-award personnel and Sponsored Programs in reviewing revenue received prior to close-out of the study account.
Closeout and Analysis
- Support closeout of study activities in OnCore, ClinCard, and EPIC.
- Assist Principal Investigators with budget monitoring and prepare projections.
- Produce ad hoc analyses as needed.
- Serve as a primary user of OnCore, ClinCard, and EPIC.
- Prioritize tasks and assist Manager/Director with special projects and daily work supporting departmental productivity and efficiency.
- Participate in continuing education to support personal development.
- Perform other related duties incidental to the role.
Requirements
- Bachelor’s degree in Business, Accounting, Finance or a related field
- 0-1 years of relevant experience in clinical research or research administration
Preferred Qualifications
- Minimum of 1 year Business Office experience in a healthcare environment or Research Office experience preferred
Compensation & Benefits
Compensation
- Base compensation within the listed pay range ($28.55 - $42.85), based on qualifications, skills, relevant experience, and/or training
- Premium pay such as shift, on call, and more based on job
- Incentive pay for select positions
- Opportunity for annual increases based on performance
Benefits eligible: Yes
- Comprehensive medical, dental, vision, and retirement benefits
- Paid time off, parental leave, and tuition assistance
- 401(k): 3% company contribution + 3% match
- Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
- Flexible Spending Accounts for eligible health care and dependent care expenses
- Family benefits such as adoption assistance and paid parental leave
- Defined contribution retirement plans with employer match and other financial wellness programs
- Educational Assistance Program
Education and growth opportunities (as stated)
- Tuition assistance: $5,250 per year for full-time teammates, $2,625 per year for part-time teammates
- Continuing education: $1,500 for full-time, part-time and PRN teammates
Location
Remote role: Applicants must reside and perform work from one of the approved states listed: AL, AK, AR, AZ, DE, FL, GA, IA, ID, IN, IL, KS, KY, LA, ME, MI, MO, MS, MT, NC, ND, NE, NH, NM, NV, OH, OK, PA, SC, SD, TN, TX, UT, VA, WI, WV, and WY.