System Finance Team Summer Internship NEW

System Finance Team Summer Internship

Job Description

Overview

Financial Services Internship

Location: Indianapolis, Indiana

Summer Program: May - August 2027 (12 weeks)

Full-Time (40 hours per week)

• Undergraduate students graduating in December 2027 or May 2028 preferred.

What is Financial Services?

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 to providing you high-level exposure to all System Financial Team areas within our organization.

Which Finance area speaks to you?

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

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

• Monitors and reports workforce performance and productivity for senior leadership

• Provides IU Health leaders with performance reports to identify opportunity for a number of revenue-generating and expense management initiatives

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

What could you be doing as a finance services intern at IU Health? A couple examples:

• Analyze data for interpretation, reporting, and modeling

• Project management for financial operations process improvement

• 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

• Gather expertise around Excel and PowerBI to support ongoing analytics initiatives

How can you help in the mission of IU Health's Financial Services?

All interns are not only assigned to a specific area, but also a specific project that the team is working on to fully experience the application of the tasks involved. Interns will collaborate with leadership and other team members during their time spent with the System Financial Team.

Interns will actively participate in team meetings and report out on assigned projects. They will be responsible for items such as data collection, managing project logistics, preparing project materials, and communicating across multiple teams. Assignments are comprised of exposure to many parts of the business function, providing the opportunity to gain healthcare industry knowledge and network with executive leadership at IU Health.

We are an equal opportunity employer. IU Health does not discriminate on the basis of race, color, religion, sex, sexual orientation, age, disability, genetic information, veteran status, national origin, gender identity and/or expression, marital status or any other characteristic protected by federal, state or local law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.