I recently completed a summer internship with PNC Financial Services, in the PNC Healthcare line of business. Within PNC Healthcare, I was a part of the treasury management group as a product analyst. The products in PNC Healthcare, offer a comprehensive set of solutions for payers and providers. These tools assist our clients with eligibilty, posting and reconciling receivable transactions, and billing. Treasury management specifically addresses the needs of payers and providers in regards to their short term revenue cycle.
Although I worked on a variety of projects this summer, I primarily focused my attention on new product development as well as the impact of regulations on existing products. By analyzing the future success of a new product in the first half of the summer, I concluded my summer by being part of the testing phase with a product's first client. The emphasis on the Affordable Care Act usually fails to acknowledge the impact it will have on payers and providers' finances. Using my health policy background, I helped the product team assess the impact that a variety of new regulations will have on existing products.
Despite not having a strong finance background, I found my HCPM education greatly valuable in navigating my way through the summer internship. Although my fellow students most commonly interned within hospital administrations, consulting, health IT, or research fields, I found my summer in healthcare finance to be a strong learning experience that I know will serve me well in the future.
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