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Internship

Financial 2024 Summer Internship

🚀 Off-cycle Internship

Indianapolis

⌛ Closed
Applications are closed

Off-cycle Internship

Data, Banking & Finance•Indianapolis

Description

  • The IU Health System Financial Team (SFT) provides financial management support and oversight for all financial matters across the system. In general, system financial teams support IU Health as good stewards of financial resources to ensure our mission is funded and future healthcare needs are met. 
  • Our goal at IU Health is to provide you a deeper understanding of one of the teams below that matches your interests with our needs, in addition provide you high-level exposure to all System Financial Team areas in our organization.

Requirements

  • Requires current enrollment in an Associate's, Bachelor's, and/or Master's Degree Program.
  • Requires proficiency in Microsoft Office programs.

Education requirements

Currently Studying
Bachelors
Masters

Area of Responsibilities

Data
Banking & Finance

Responsibilities

  • General Accounting:
  • Supports IU Health’s business units with monthly reporting on financial performance
  • Performs financial planning and pro forma development
  • Offers training and support to department leaders in managing their budget
  • Ensures IU Health’s compliance with federal, state, and local laws and regulations for many tax areas, including payroll, sales and use tax, property tax, income tax, etc.
  • Revenue Cycle Services:
  • Supports all financial aspects of a patient’s care including clinical support and payor (insurance) relationships in optimizing revenue and patient support
  • Provides billing and collections services to ensure quality patient financial services
  • Offers a personalized cost estimate service to support patients in making informed decisions regarding their care before they receive healthcare services
  • Internal Audit:
  • Participates in a broad-based Internal Audit program that evaluates the efficiency and effectiveness of IU Health’s operations. Responsibilities will include but not be limited to:
  • Conducts independent risk assessments
  • Applies internal control frameworks and related leading practices to audit engagements
  • Evaluates the design and operating effectives of internal control systems, including Internal Control over Financial Reporting (ICFR)
  • Performs audit procedures, including identifying and defining issues, reviewing and analyzing evidence and documenting client processes and procedures
  • Identifies, develops, and documents audit issues and recommendations for improvement
  • Assists in communicating the results of audit and consulting engagements via written reports and oral presentations
  • Strategic Financial Planning and Analysis:
  • Uses data to guide the allocation of IU Health’s resources in employees, finances, and facilities/equipment across the system
  • Manages annual financial planning and long-range planning strategy
  • Forecasts project pro forma cash flows (IRR and NPV)
  • Provides IU Health leaders with performance reports to identify opportunity for a number of revenue-generating and expense management initiatives
  • What could you be doing as a finance intern at IU Health? A couple examples:
  • Analyze data for interpretation, reporting, and modeling
  • Monitor and process general ledger, payroll, and patient activities for patient costing
  • Interpret trends or patterns in complex data sets with a high degree of accuracy
  • Prepare pro forma (future cost estimates) based on historical, comparative, and projection data
  • Gather expertise around SQL, Oracle, Power BI, and Excel modeling to support ongoing analytics initiatives

Details

Work type

Full time

Work mode

office

Location

Indianapolis