Job Summary Under direction of the CFO and Hospital CEO, this position will have dual reporting to execute financial initiatives at a hospital.
At the assigned hospital, the position will provide tracking and continuous improvement guidance for all finance related activities, including accounting, financial systems, internal controls, financial analysis, budgeting, labor productivity, supply chain and reporting. The position will participate with financial decision-making and serve as a financial and strategic thought partner to the facility CEO and Executive Team. In partnership with the Executive Team and the finance leadership, the position will prioritize finance related initiatives and facilitate monthly operating reviews with department directors to create a culture of financial awareness and accountability while ensuring the efficient utilization of resources. A broad understanding of net revenue, payor reimbursement methodologies (government and private), labor productivity, supply chain, physician contracting and various supplier services physician will be critical to this position.
The position helps drive, support and model a service-oriented culture focused on employee engagement, clinical quality, patient safety, service excellence, fiscal responsibility, and the overall patient experience. The position will build and support effective collegial relationships with physicians, leaders and peers across the network to enable an environment of proper financial governance throughout all areas of HonorHealth Operations.
Provides timely and pertinent information to the CFO about the financial operations of the operating entity/(ies), in understandable financial reports, analysis, and information.
Additionally, maintains collaborative spirit and fosters strong partnering relationships across Financial Operations and throughout the organization.
Provides leadership in the achievement of financial and operational performance objectives and expectations including revenue growth, operational margin targets, effective expense management and overall efficiency measures. This includes the use of analytical processes to assure the achievement of initiatives and the implementation of performance improvement opportunities in the areas of operational performance, clinical excellence, patient satisfaction and employee engagement.
Provides financial and analytical expertise and assistance to Department Managers by effectively preparing and communicating financial information as requested. Facilitates monthly operating reviews of financial performance, works with Managers on action plans as needed to get financial metrics back on track. Debriefs financial and operations leadership routinely on the monitoring of Financial Reporting (regarding key financial trends and issues).
Validates to leadership the financial impact of strategy, planning and business development initiatives as compiled by the corporate planning function for the operations area and/or service lines. Provides plan tracking to monitor if expected results are being realized.
Partners with Integration, Quality and Continuous Improvement resources to balance prioritization of financial initiatives with those for clinical quality or patient experience. Help interpret the financial impact of any of these initiatives and track impact to the financials.
Leads the development, implementation and monitoring of operational and capital budgets at the facility.
Performs other related duties as assigned or requested.
Internal Number: 2018-11469
Let’s transform healthcare together.
Every day, we bring patients convenient, coordinated access to healthcare while providing meaningful service to our community.
Join us and you will:
Develop professionally and achieve your career goals
Enrich your life with a focus on wellness
Enjoy a compassionate, caring culture with outreach to our local communities
Support the well-being of you and your family with a diverse portfolio of benefits
Welcome to HonorHealth.
We are a non-profit, local healthcare organization known for community service and outstanding medical quality. Our organization encompasses five acute care hospitals with approximately 10,500 employees and 3,100 volunteers, urgent care centers, clinical research, medical education, an inpatient rehabilitation hospital, an Accountable Care Organization, two foundations, and extensive community services.