Director Financial Operations

Wellstar Health System • Austell, GA

9d

About The Position

The Director Financial Operations serves as an on-site financial resource focused on revenue growth and bottom-line performance for the hospital and its service lines. The Director supports on-site managers and directors with budget development and financial education, complementing the expense-management work of Horizontal Product Line directors and financial analysts. The role leads financial evaluation of new programs, considering their effects across multiple departments, and supports Certificate of Need (C.O.N.) applications by helping department directors develop pro formas.

The Director reviews monthly cost-center and departmental performance against budget, works with managers to explain variances, and investigates operational performance prospectively. The role helps the AVP of Operations and Chief Nursing Officer identify and implement corrective actions for unapproved budget variances, provides daily productivity guidance to nursing leaders, and educates facility management staff on Wellstar budget and financial goals. Additional focus areas include revenue generation, reimbursement, revenue capture, special projects, and compliance with Wellstar policies and standards.

Requirements

• Bachelor's degree in accounting, finance, or another related field.
• Minimum of 8 years of experience.
• Minimum of 3 years of leadership experience.
• Expert-level experience with Microsoft Office, including Excel and pivot tables.
• Skills in spreadsheet analysis, budget development, variance analysis, revenue enhancement, pro forma development, and strategic planning.
• Strong communication and presentation skills.

Nice To Haves

• Master of Business Administration or master's degree in business management.
• Hospital finance experience.
• Experience with EPIC, Strata, and Workday.

Responsibilities

• Support budget development and adherence, including developing global statistics and assisting on-site management in preparing reasonable budgets.
• Review monthly financial statements and departmental budgets to identify significant variances, corrective actions, and cost-reduction opportunities.
• Support new program development by providing financial assistance to directors preparing pro formas and assessing multi-departmental implications.
• Support Certificate of Need development and act as a liaison to the Director of Strategic Planning.
• Work with Business Intelligence staff to request, analyze, and interpret data, and prepare reports for senior leadership to support strategic initiatives.
• Review denied-claim trends and work with Revenue Management to identify ways to reduce denials.
• Ensure adequate reserves for contractual allowances; analyze net-to-gross percentage variances by payor and review bad-debt trends.
• Review issues that may affect reimbursement under managed-care contracts and government programs, including Medicare and Medicaid, and work with responsible staff to address them.
• Work with Revenue Management to ensure chargemaster accuracy and with Revenue Management, Patient Access Services, and cost-center leaders to optimize charge capture, including patient-type accuracy.
• Review daily facility cost-center revenue trends and investigate significant variances.
• Provide daily operational productivity guidance to Executive Directors and Managers of Nursing.
• Provide financial education to facility management staff to support understanding of and compliance with Wellstar budget and financial goals.
• Perform other duties as assigned and comply with Wellstar Health System policies, standards of work, and code of conduct.

What This Job Offers

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