Director of Financial Services

Owensboro Health•Owensboro, KY

About The Position

Leads Financial Services direction and strategic planning to achieve the system wide mission, directives, and goals. Develops OHMG financial management strategy and contributes to the development of practice wide strategic goals. Responsible for oversight and direction of the Owensboro Health Medical Group, managed care contracting, reimbursement, budget, financial statements, RVU management, revenue and regulatory analysis, statistical analysis, proformas and business plans. As a Director at Owensboro Health, you provide operational and strategic oversight for designated departments or service areas. You champion our Safety Culture and foster continuous improvement, Target Zero performance, and promote a just culture. You translate organizational goals into actionable plans, lead multidisciplinary teams, and ensure high standards of safety, quality, and efficiency. You are accountable for resource stewardship and regulatory compliance.

Requirements

Requires critical thinking skills and decisive judgment.
Must be able to work in a stressful environment and take appropriate action.
A minimum of 5 years' relevant experience required
Bachelor's degree in accounting, finance, healthcare administration, business administration or higher in related field required upon hire.

Responsibilities

Responsible for the strategic direction and oversight of the following Practice functions: managed care contracting and contract maintenance, reimbursement functions including prior authorization, denials, medical necessity, scheduling etc. and payment rule analysis.
Collaborates with executive leadership to determine organizational priorities and goals.
Develops and implements policies and procedures that guide consistent business processes, support the delivery of services, and ensures a culture of quality and satisfaction.
Integrates data from multiple sources to support physician related decision making.
Researches and monitors industrial, professional, and national developments.
Monitors and evaluates financial operations to ensure compliance with established professional, regulatory, and organizational standards and requirements.
Assists with system's financial planning to ensure cost-efficient operations and to maximize profitability.
Holds practices accountable to their budgets, staffing ratios and expenses.
Articulates a clear vision for the team, aligning goals with departmental strategy, and developing plans to achieve them.
Accountable for the performance and results of multiple related teams or accountable for an initiative of an operational function. Applies knowledge of key business drivers and the factors that maximize departmental performance.
Builds and fosters a positive team culture, identifying individual strengths and providing opportunities for growth. Develop departmental plans, to address department and organizational priorities.
Effectively allocates resources, manages budgets, and optimizes team productivity.
Identifies and solves complex, operational and organizational problems leveraging the appropriate resources within or outside the department.
Clearly communicates goals, expectations, and updates the team using active listening and promoting open communication channels.
Identifies and addresses conflicts within the team, facilitating constructive dialogue, and finding solutions to disagreements.
Involved in implementing organizational change initiatives. Able to effectively manage resistance, communicate change effectively, and foster a culture of adaptability within their teams.
Actively engages in the Leadership Development Program by enrolling in the program within the first 6 months of employment and completing the program within the first 2 years of employment.
Prioritizes the physical and psychological safety of the workforce as a foundational element of high-reliability care. Ensure goals are established with effective monitoring and reporting to improve workforce safety and wellbeing. Promotes safe staffing, supports resilience, and ensures that every team member has the tools, training, and environment needed to perform at their best.