Director Financial Operations

Children's Healthcare of Atlanta • Brookhaven, GA

34d

About The Position

Directs the day–to–day financial functions in accordance with Children’s policies. This position, in conjunction with the Corporate Finance Department, is responsible for the campus’ financial performance and accuracy of financial reporting. Works closely with the Corporate Finance Department and the campus leadership team in developing, implementing and monitoring the annual operating and capital budgets and business plans. Identifies and implements opportunities to improve financial operations and performance. Oversees compliance with current Federal, State, and Local standards, guidelines and regulations that govern the healthcare system.

Requirements

• A minimum of 7 years of experience managing overall financial systems in a progressive healthcare system
• Must possess technical competence in healthcare financial management, with experience in revenue cycle, regulatory compliance, budgeting, reimbursement, patient accounts and managed care
• A Bachelor’s degree in business, accounting, or finance
• Must possess excellent communication, organization, and interpersonal skills as well as aptitude for conflict resolution, problem-solving and staff development
• Demonstrated ability to develop strong, collaborative relationships
• Demonstrates the following skills in accomplishing job duties and responsibilities Personal organization and time management Human relations and teamwork Personal adaptability Personal motivation Listening

Nice To Haves

• Master’s degree and/or CPA, CPAM or FHFMA certifications
• Technical knowledge on reimbursement issues, especially Medicaid and managed care

Responsibilities

• Financial Operations Management – The Director, Financial Operations is the senior financial professional on the campus and functions as the key financial resource to the campus management team. Responsible for reviewing, analyzing, and interpreting the results of operations while working with senior staff to achieve targeted results. Works with campus and health system leaders to meet department, campus and health system financial goals and identifies, develops, and implements opportunities to improve financial performance.
• Operational Budgeting - Coordinates the campus annual budget (operating and capital) process. Provides direction on how to utilize tools and set budgets. Reviews and approves the initial budget submission for the facility. Serves as an advocate for the budget and first point of contact for Corporate after initial submission. Works with Corporate Finance to finalize the budget.
• Capital Budgeting – Works within established process and guidelines to achieve campus specific target, including but not limited to reviewing all non-threshold and threshold requests and conducting meetings as necessary to identify items to budget.
• Business Planning - Coordinates the development of financial pro formas, financial feasibility studies and business plans with department directors by providing input, guidance, and validation. Responsible for driving approval of the proforma after data gathering and initial development phase. Assists in operational execution of approved plans.
• Operations - Communicates with the health system and campus leadership regarding the status of current operations and status of meeting the goals. Determines how to prevent or sustain the financial impact of key operational changes. Works with department or practice leaders with contracts, revenue cycle issues, budgets, and business plans. Monitors the use of spending policy, restricted funds, and grants. Conducts monthly or periodic reviews with appropriate leaders regarding current year actual versus the plan and other business issues. Monitors compliance with the terms of the managed care agreements. Supports decision making of daily operational changes that may impact financials. Attends select medical staff meetings and develops relationships with members of the medical staff. Works with the medical staff and medical management staff on utilization review issues. Identifies and monitors physician utilization trends.
• Revenue Cycle – Provides oversight of Revenue reconciliation and CDM changes. Work with Corporate finance to develop strategies/alternatives to keep bottom line whole.
• Financial Analysis – Works with clinical leaders to perform forecasting. Reviews and helps prioritize requests for financial analysis or reports. If urgent need, initiate data request to appropriate data source.
• Financial Education – Provides financial education (key business policies, processes, and guidelines of Children’s) at facility level meetings (i.e., CAL).

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees