Summer 2024 Finance Undergraduate Internship Program

Invest in Your Future and Ours

NewYork-Presbyterian is one of the nation’s most comprehensive academic health care delivery systems, dedicated to providing the highest quality, most compassionate care to patients in the New York metropolitan area and throughout the globe. In collaboration with two renowned medical schools, Weill Cornell Medicine and Columbia University College of Physicians & Surgeons, NewYork-Presbyterian is consistently recognized as a leader in medical education, ground-breaking research, and innovative, patient-centered clinical care.

NYP's Summer Finance Undergraduate Internship Program educates students on the overall financial operations of a hospital. The program is designed for those who are interested in the business aspect of healthcare and eager to explore the many facets of healthcare management.

The program will expose students to senior hospital administration both within and outside of finance as well as provide them with real-world experience in the corporate world. The program intends to create a Talent pipeline for future full–time employment post-graduation.

What You Can Expect

The internship is an 8-week program based in New York City starting in early June. At the end of the program, students present their project results to the Chief Financial Officer, senior leadership, project hosts, and their mentors.

An Enhanced Learning Opportunity

These learning experiences enhance our interns’ opportunity to develop as future healthcare and finance professionals.

• Hospital tours and volunteer opportunities. Interns are given tours of the various NYP campuses and are given the opportunity to volunteer several hours a week at the hospitals.
• Exposure to Senior Leadership. NYP leaders across departments devote time to meet with the interns and share their personal stories, career paths, and invaluable professional advice.
• Network. From Meet & Greets to lunch sessions, interns participate in networking opportunities with employees across the organization.
• Team building events. Our program allows for creative ways to promote team building that fosters the culture of NYP.
• Mentorship. Interns are assigned a mentor who offers support and guidance throughout the summer. Mentors are hand-selected from the finance department and help mentees envision and take steps toward the careers they desire.

To be considered for this opportunity, please upload a cover letter and resume. In your cover letter, be sure to articulate why you are interested in joining NYP and a career in healthcare.

Application Deadline: November 30, 2023

Summer 2024 Internship Dates: June 3, 2024 – July 26, 2024

Schedule: Eight weeks, Monday through Friday, 9 AM-5 PM, 35 hours weekly, at least 4 days on-site. 

Number of Openings: 8 internship positions available.

Preferred Criteria

• Eligible candidates must be a rising senior undergraduate student who graduates in 2025
• Pursuing a bachelor’s degree in finance, healthcare management, or a related area
• An interest in finance and healthcare
• Completion of finance or accounting courses
• Advanced proficiency with Microsoft Excel and intermediate proficiency with Microsoft PowerPoint
• Exceptional communication, analytical, and problem solving skills
• Excellent organizational skills and ability to multitask
• Ability to thrive in a fast-paced, collaborative environment
• Highly inquisitive, focused, and proactive
• Good judgment and discretion when working with confidential information

Required Criteria

• Enrollment in a bachelor’s program
• Knowledge of computers and various Microsoft office applications
• Ability to work independently
• Good organizational and interpersonal skills
• Ability to provide statistical analysis

Application and Selection Process Timeline

• Apply. Applications must be submitted by Thursday, November 30, 2023.
• Record an interview.  Selected candidates will submit recorded video interviews via Modern Hire before December 31, 2023 (Requests will be sent on a rolling basis after applications are submitted).
• Interview live with finance team members.  Selected candidates will interview live with the hiring managers in finance beginning in January 2024.
• Submit 5 references.  Top candidates will be asked to submit 5 references via SkillSurvey for a performance survey in January.
• Receive decision notification and offer.  Candidates will be updated via email on an ongoing basis throughout the selection process regarding application status updates.  Offers to selected candidates will be extended by February 16, 2024.

Below is information regarding our hiring departments and projects.

• Accounting.  Accounting major required.  
• Budgeting.  Step into this crucial role, responsible for performing budgeting functions that help maximize the efficiency and effectiveness of our hospital.  Interns learn hospital operating budget processes, analyze various general ledger accounts, track expenses, review labor reports, and conduct reconciliation activities as needed.
• Insurance and Risk Management.  Assist and support the purchase, placement and review of a modern health system’s Property and Casualty Insurance portfolio, and their associated claims and risk management. Learn how risk management plays a proactive role in recovery from disaster, while working on the hospital’s total COVID financial recovery through FEMA. Get exposure to other departments and find out how the corporate risk management team has direct impact on patient care throughout the hospital system.
• Patient Access.  Two openings.  Both will primarily report to 466 Lexington with the other 6 interns.  Approximately once per week, one intern will report to Weill Cornell Medical Center location, and the second intern will report to NYP/Westchester or NYP/Hudson Valley Hospital.  Patient Access is where finance meets operations in welcoming/admitting our patients to the hospital. Interns collaborate to identify and address issues impacting patient access in hospital settings. Interns analyze the current processes that support patient access and other performance objectives. Interns will be tasked to assist with operational planning, coordination, and registration processes at specific sites.
• Performance Improvement/HERCULES.  Produce analyses and financial reports that assist in the monitoring of the hospital's financial performance. Bring your general understanding of the healthcare industry and experience with working with large data sets to projects needing analysis, visualization, and reconciliation. Engage in ongoing projects relating to the identification of cost saving opportunities, resource utilization analysis, quality/cost analysis, and dashboard creation. Support the team advancing HERCULES, NYP’s campus-wide efficiency initiative that reduces costs while maintaining quality and patient experience.
• Procurement and Strategic Sourcing.  Complete projects in supply chain and/or strategic sourcing in our hospital’s PSS department.  The projects could intersect with automation, standardization process improvement, and cost savings across various clinical and support service departments.  Interns work closely with departments to identify operational needs and translate them into system and technical solutions. Develop and present key metrics to leadership to measure performance and progress.
• 340B Drug Pricing Program. Help foster the program objective of stretching scarce federal sources to reach more eligible patients and provide more comprehensive services along with a team of dedicated pharmacists and pharmacy technicians. The department is responsible for contributing to hospital drug savings as well as enhancing revenue opportunities through its outpatient retail/specialty pharmacy arrangements. The 340B team reports to the Senior Vice President of Finance and liaises with various stakeholders including pharmacy, legal, government relations, managed care, information technology and others to develop efficient and compliant program initiatives.

Join a healthcare system where employee engagement is at an all-time high. Here we foster a culture of respect, diversity, and inclusion. Enjoy comprehensive and competitive benefits that support you and your family in every aspect of life. Start your life-changing journey today.
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• 2021 "Employees' Choice Awards: Best Places to Work" - Glassdoor
• 2021 " Best Workplaces in Health Care & Biopharma" - Fortune
• 2020 "America's Best Employers in New York State" - Forbes
• 2020 "Working Mother 100 Best Companies" - Working Mother
• 2020 "Best Companies for Multicultural Women" - Working Mother
• 2020 "Best Workplace for Men in Nursing" - American Association for Men in Nursing
• Discover why at: nyp.org/careers

NewYork-Presbyterian Hospital is an equal opportunity employer.

Salary Range:

$28.57/Hourly

It all begins with you. Our amazing compensation packages start with competitive base pay and include recognition for your experience, education, and licensure. Then we add our amazing benefits, countless opportunities for personal and professional growth and a dynamic environment that embraces every person. Join our team and discover where amazing works.