Financial Analyst
The University of New Mexico Comprehensive Cancer Center (UNMCCC) Clinical Trials Financial Analyst (Medicare Coverage Analyst) is responsible for reviewing clinical research protocols, informed consent forms, clinical trial agreements, and other relevant study-related documents to create a Medicare Coverage Analysis. The position determines whether the proposed clinical research study is a qualifying clinical trial as defined by the Medicare Clinical Trial Policy (NCD 310.1), while also being cognizant of Medicare/Medicaid Benefit Policies, third-party Medical Benefit Policies, relevant National Coverage Determinations (NCDs) and Local Coverage Determinations (LCDs), Code of Federal Regulations (CFRs), state laws, professional practice guidelines. The position will be responsible for creating a billing justification plan or 'coverage analyses' to reflect which medical procedures and services are 'Routine Cost' and billable to patient insurance and which ones are research and paid by the study sponsor for investigator-initiated, industry-sponsored, and non-industry sponsored clinical trials across multiple clinical working groups. The position will disseminate the coverage analysis, the related guidance and their effect on research billing processes to all appropriate parties, to include, Principal Investigator, research team, affiliate sites, and other research and administrative staff. Assist with the development of institutional policies and procedures pertaining to clinical research budgeting and billing, including the MCA process. Other duties may be assigned as required.
The University of New Mexico Comprehensive Cancer Center is the Official Cancer Center of New Mexico and the only National Cancer Institute-designated Cancer Center in a 500-mile radius. Its 136 board-certified oncology specialty physicians include cancer surgeons in every specialty (abdominal, thoracic, bone and soft tissue, neurosurgery, genitourinary, gynecology, and head and neck cancers), adult and pediatric hematologists/medical oncologists, gynecologic oncologists, and radiation oncologists. They, along with more than 600 other cancer healthcare professionals (nurses, pharmacists, nutritionists, navigators, psychologists and social workers), provide treatment to 65% of New Mexico’s cancer patients from all across the s tate. And they partner with community health systems statewide to provide cancer care closer to home. In 2024 they treated more than 15,000 patients in almost 105,000 ambulatory clinic visits in addition to in-patient hospitalizations at UNM Hospital. A total of 2,075 patients participated in cancer clinical trials to study new cancer treatments that include tests of novel cancer prevention strategies and cancer genome sequencing. The more than 123 cancer research scientists affiliated with the UNM Cancer Center were awarded $38.3 million in federal and private grants and contracts for cancer research projects. Since 2015, the physicians, scientists and staff have provided education and training experiences to more than 750 high school, undergraduate, graduate, and postdoctoral fellowship students in cancer research and cancer health care delivery.
Website: unmhealth.org/cancer
See the Position Description for additional information.
Bachelor's degree; at least 3 years of experience directly related to the duties and responsibilities specified.
a. Experience in healthcare finance, clinical trial budgeting, and operations analysis
b. Experience and knowledge of clinical trial protocols
c. Demonstrated experience in Clinical Research Billing and Billing Compliance
d. A demonstrated understanding of Research Billing Compliance including National and Local Coverage Determination for coverage of routine costs and the CMS Clinical Research Policy as well as professional practice guidelines.
e. A demonstrated knowledge of regulatory, financial and administrative requirements of Medicare and third-party billing of clinical trials. Extensive review of patient informed consent forms to ensure that the document accurately reflects which procedures will be billed to insurance vs. those that will be covered by the study budget in accordance with the MCA.
f. Ensure consistency of the payment terms in the coverage analysis with the protocol, the informed consent template, the budget and the contract payment terms.
g. Keep current with the FDA and Medicare regulations and state laws applicable to research billing.
h. Provide staffing and supply/service consumption patterns, the methods used to calculate and other details such as lists of items that make up the total cost of a category.
i. Certification in coding, Procedural Terminology, and Healthcare Common Procedure Coding system is preferred.
j. Advanced knowledge of Microsoft Excel
Positions posted with a Staff Type ofRegularorTermare eligible for the Veteran Preference Program. See theVeteran Preference Program webpagefor additional details.
The University of New Mexico requires all regular staff positions successfully pass a pre-employment background check. This may include, but is not limited to, a criminal history background check, New Mexico Department of Health fingerprint screening, New Mexico Children, Youth, and Families Department fingerprint screening, verification of education credentials, and/or verification of prior employment. For more information about background checks, visit https://policy.unm.edu/university-policies/3000/3280.html . Refer to https://policy.unm.edu/university-policies/3000/3200.html for a definition of Regular Staff.
Freqently Asked Questions
In Albuquerque, certifications like Certified Clinical Research Professional (CCRP) and Certified Professional Finance Analyst (CPFA) are highly regarded, especially for healthcare finance roles. These credentials demonstrate expertise in clinical trial billing and Medicare/Medicaid regulations, which are vital for positions like the Financial Analyst at The University Of New Mexico.
Albuquerque, being the largest city in New Mexico, offers the highest concentration of financial analyst jobs, particularly in healthcare and education sectors. This demand is driven by institutions like The University Of New Mexico and the growing clinical research industry, making it a competitive yet opportunity-rich market for finance professionals.
While both roles require strong analytical skills, a Financial Analyst focuses more on budgeting, compliance, and billing processes related to clinical trials. In contrast, a Finance System Analyst emphasizes optimizing financial software and data systems. Understanding Medicare coverage analyses is a distinctive skill for clinical research Financial Analysts.
Yes, with increasing clinical trial activities and regulatory complexities, healthcare financial analyst positions are projected to grow steadily. Expertise in Medicare coverage and research billing compliance will become increasingly valuable, especially in nationally recognized centers like The University Of New Mexico Comprehensive Cancer Center.
Handling diverse funding sources including federal grants, private contracts, and patient insurance requires balancing compliance with billing regulations and research protocols. Analysts must navigate complex Medicare policies and ensure accurate documentation, which demands specialized knowledge distinct from typical financial analyst roles.
Financial Analysts at UNM benefit from exposure to cutting-edge clinical research and academic environments, offering pathways into specialized healthcare finance and research administration. While salaries might be more competitive in the private sector, UNM provides unique growth opportunities in government-funded research and policy development.
Financial Analysts in Albuquerque focusing on clinical research typically earn between $65,000 and $85,000 annually, depending on experience and certification levels. Specialized knowledge in Medicare coverage analyses and research billing compliance can position candidates toward the higher end of this spectrum.
UNM offers ongoing training and access to regulatory updates, enabling Financial Analysts to adapt to changing Medicare coverage policies and FDA guidelines. This support ensures analysts maintain compliance in clinical trial billing and enhance institutional financial controls in a dynamic healthcare environment.
Yes, roles such as Clinical Trials Financial Analyst at UNM specifically concentrate on Medicare coverage analyses, ensuring billing compliance with clinical research protocols. These positions require detailed review of informed consent forms and coordination with research teams to align billing with study sponsor agreements.
Daily tasks include analyzing clinical trial budgets, reviewing coverage analyses for billing accuracy, collaborating with principal investigators, and ensuring adherence to Medicare and Medicaid billing policies. Proficiency in Excel and regulatory knowledge supports effective financial operations within the cancer center's research projects.
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