Advisor-Financial Expert (Critical Access)

Indiana University Health System • Bloomington, MN

1d

About The Position

Indiana University Health is seeking individuals who embody excellence, compassion, teamwork, and purpose to join their team as an Advisor - Financial Expert (Critical Access). This role provides financial guidance and subject matter expertise to support decision-making within a healthcare organization, focusing on financial planning and performance improvement initiatives. The advisor partners with executive leadership, clinical teams, and finance departments to enhance financial sustainability, optimize resource utilization, and ensure alignment with industry best practices. They advise business units on financial performance and the impact of decisions, thinking broadly about downstream outcomes. This role addresses large-scale, cross-departmental problems impacting financial results and partners with operational leadership to identify growth and revenue opportunities. The Advisor creates executive-level reporting packages, analyzes diverse data sets (financial, operational, clinical, economic), and serves as a trusted financial resource for operational leaders, providing reporting, analysis, expense management, operational improvement, and evaluation of growth opportunities. They combine strong relationships, analysis, and risk-conscious planning to ensure unit plans are realized and interface with leadership and front-line team members to execute organizational development strategy and drive change initiatives. The Advisor partners with Assistant CFOs, CFOs, and regional leadership teams to drive actions related to long-range financial planning and annual budgeting, including operating and capital decisions. They analyze complex financial data to drive operational improvement and possess expertise in key financial subject areas, being accountable for accurate volume and expense planning to support regional leaders in achieving goals. This role requires the ability to promote teamwork and develop team members through influence, without direct reports. The Advisor possesses advanced knowledge of their specialization, participates in research, leads planning and development of programs/projects, and provides guidance/training to staff. They may lead non-reporting staff and ensure buy-in for projects or share expertise with others, and have matrixed management responsibilities with financial analysts.

Requirements

• Bachelor's degree in Finance, Accounting, Economics or related field required.
• Requires 6-8 years of experience
• Strong knowledge of healthcare reimbursement, regulatory frameworks, and financial operations.
• Requires knowledge of state and national regulatory agency guidelines and/or working knowledge of Generally Accepted Accounting Principles (GAAP) and/or other industry standard guidelines.
• Requires experience successfully interacting with all levels of leadership.
• Requires experience implementing large scale process improvement initiatives that drive measurable business results.
• Deep expertise in financial modeling, analysis, and forecasting.
• Strong understanding of healthcare economics and revenue cycle management.
• Excellent analytical and strategic thinking skills.
• Strong communication and presentation skills with executive-level stakeholders.
• Ability to influence decision-making and drive organizational change.
• High level of integrity and professional judgement.

Nice To Haves

• Master's degree preferred such as MBA, MHA or MS Finance
• CPA, CFA or equivalent certification preferred.

Responsibilities

• Provides financial guidance and subject matter expertise to support decision-making within a healthcare organization.
• Focuses on financial planning and performance improvement initiatives that deliver on plan.
• Partners with executive leadership, clinical teams, and finance departments to enhance financial sustainability, optimize resource utilization, and ensure alignment with industry best practices.
• Advises business units of financial performance and impact of decisions, thinking broadly to other downstream outcomes from changes.
• Uses expertise to work on large scale problems that are cross-departmental and impacting financial results.
• Partners with operational leadership within the region, along with other IU Health business units to identify growth and revenue opportunities that leverage services unique to the region and facility they lead.
• Creates executive-level reporting packages to communicate financial or other information on costs, prices, expenses, revenues, and various clinical and operational measures to make recommendations.
• Analyzes diverse sets of data including financial, operational, clinical and economic, to support strategic and operational decisions.
• Serves as a trusted financial resource to operational leaders of the unit, providing financial reporting and analysis, expense management, operational improvement and the evaluation of growth opportunities.
• Combines strong relationships, analysis, and risk-conscious planning to ensure that the unit's plan is realized.
• Interfaces with both leadership and front-line team members to execute organizational development strategy and drive change initiatives across the unit.
• Partners with the Assistant CFOs, CFOs and leadership team(s) in the region to drive actions related to both the long-range financial planning process and the annual budget process, including both operating and capital decisions.
• Analyze complex financial data to drive operation improvement and/or subject matter expert knowledge in one or more key financial subject areas.
• Accountable for accurate volume and expense planning as known at the time in assigned areas to support regional leaders in being able to hit goals.
• Promotes teamwork and develops team members without having direct reports - leading through influence.
• Leads planning and development of programs/projects within specialization on a regular basis.
• Provided guidance/direction/training to staff.
• May lead non-reporting staff and ensure buy in for specific projects or share specialized expertise with other individuals.
• Has matrixed management responsibilities with financial analysts.

Benefits

• IU Health leaders play a crucial role in advancing the mission of our organization and inspiring teams to make a meaningful difference in the lives of patients.
• As one of Indiana’s largest employers and the most comprehensive medical system in the state, our vision is to lead the transformation of healthcare through quality, innovation and education, and make Indiana one of the nation’s healthiest states.
• IU Health is the largest health system in Indiana with nearly 40,000 team members, 15 hospitals and $8.64 billion in operating revenue.
• The system’s programs in cancer, cardiovascular, neuroscience, orthopedics, pediatrics and transplants have received national recognition for quality patient care.
• IU Health, in partnership with the Indiana University School of Medicine, bring together highly skilled physicians, researchers, and educators into close collaboration to provide world-class care for children and adults and improve the health of patients and communities across Indiana.
• Indiana University Health is dedicated to a fair hiring process and is committed to equal opportunity and nondiscrimination for all individuals, regardless of age, color, disability, ethnicity, marital status, national origin, race, religion, gender identity, expression, sexual orientation, or veteran status.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior