Financial Performance Partner

Hospital for Special Surgery•New York, NY

About The Position

The Financial Performance Partner provides strategic and consultative support to Physicians, Operations, Corporate Services or Strategy/Innovation, fostering a collaborative and trusted partnership between finance and the organization. Working alongside senior executives and operational leaders, this role is instrumental in identifying needs, offering real-time financial analysis, and guiding key decision-making to drive performance and achieve strategic goals. As a vital connection to local stakeholders, the Financial Business Partner ensures a comprehensive understanding of operational activity, financial drivers, risks, and challenges. This role plays a critical part in advising on the actions required to improve operational performance, offering insights that help optimize decision-making and align the business with both financial and strategic objectives. This role will report to the VP of Financial Strategy, Operations, and Decision Support and serves as a key liaison to the department leads, ensuring that financial goals are consistently met and exceeded.

Requirements

Bachelor’s Degree in relevant major
Minimum of 10 years in healthcare finance or business operations with a deep understanding of healthcare policy and reimbursement
Proven ability to collaborate effectively with senior leadership and manage relationships with stakeholders across various organizational levels. Strong interpersonal skills are crucial to fostering cross-functional partnerships.
Exceptional skills in financial modeling, budget development, and performance analysis. Ability to translate complex financial data into actionable insights for non-financial stakeholders.
Demonstrated experience in using financial analysis to drive business decisions and influence strategic direction, with a proactive approach to identifying risks and opportunities.
Excellent written and verbal communication skills, with the ability to present complex financial concepts in a clear and understandable manner.
Confidence to challenge the status quo, intervene when necessary, and make data-driven recommendations to improve business outcomes.
Strong organizational skills and the ability to manage multiple complex projects with competing priorities, ensuring timely delivery of key initiatives.

Nice To Haves

MBA or MPH preferred

Responsibilities

Manage Stakeholder Relationships: Serves as the primary financial point of contact for the various areas of focus, initiating communication and maintaining a regular cadence of touchpoints where possible, addressing inquiries promptly, and providing optimal resolutions to enhance business relationships.
Drive Business Performance: Partner with various leaders to set performance targets and monitor them against KPIs, assess opportunities and risks and inform corrective decision making to ensure the service meets and exceeds their goals. This should include both revenue enhancements and cost efficiencies.
Support New Business/Venture Assessment: Develop financial models in collaboration with clinical leaders to evaluate the impact of proposed new business models or changes to core operations, providing data-driven recommendations for expansion or modification.
Facilitate Long-Term Financial Planning: Lead the financial planning process for (MDs, Ops, Corp), supporting the development of long-range financial plans which align with the organization’s strategies and goals.
Budgeting and Forecasting: Partner with department leads to develop and refine budgets and forecasts. Identify opportunities to enhance margins and realize cost savings.
Support Strategic Initiatives: Provide guidance to leaders on all strategic, growth, and transformation initiatives with actionable information.
Subject Matter Expert Collaboration: As necessary, coordinate productive communications and information sharing between leaders, and applicable HSS subject matter experts, e.g. OR supply utilization, revenue cycle.
Ad-Hoc Financial Support: Respond to time-sensitive financial requests from functional leaders, ensuring quick and accurate resolution. Work with central support teams to adjust reporting as needed to meet local needs.
Prioritize and Manage Deadlines: Effectively manage competing priorities and ensure timely completion of deliverables, balancing multiple initiatives and tight deadlines.
Additional Ad-Hoc Responsibilities: Support various financial reporting, analyses, and other duties as assigned, providing flexibility and leadership in managing emerging priorities.