Finance Director Jobs

About The Position

Requirements

• Bachelor’s degree in finance, accounting, business, or a related field.
• Eight or more years of healthcare finance experience, with experience in ancillary, service line, or care-line finance.
• Working expertise in patient-level costing, contribution margin analysis, and benchmarking.
• Proven ability to lead finance leaders and influence clinical and operational leaders.
• Knowledge of finance, financial methods, tools, and strategies employed by private and public corporations.
• Ability to read, interpret, and draw accurate conclusions from financial and numerical material.
• Knowledge of processes, tools, and techniques for exploring and evaluating alternative financial scenarios and results.
• Knowledge of the functions, tools, and processes needed to manage organizational financial assets and liabilities.
• Knowledge of methods, processes, and tools for maintaining organizational books and preparing financial statements and reports.
• Knowledge of financial and accounting applications specific to the organization.
• Demonstrated leadership, human relations, and effective communication skills.

Nice To Haves

• Master’s degree.
• Knowledge of pharmacy economics, including 340B, and procedural and device cost structures.
• CPA or equivalent professional credential.

Responsibilities

• Own the makeup of operating budgets and forecasts for Pharmacy, Radiology, Lab, and Surgical/Procedural Services, mapped to the hospital, facility, or entity into which each rolls.
• Lead long-range financial modeling for ancillary services.
• Build ancillary budgets from the volume forecast owned by Hospital and Ambulatory Finance and deliver them on the budget calendar for facility consolidation.
• Work with ancillary leaders to determine and prioritize capital needs, and submit them through the process owned by the Director of Capital Budgeting.
• Provide Pharmacy financial leadership on drug cost and pricing trends, 340B program economics, and specialty and infusion margin.
• Provide Radiology and Lab financial leadership on volume, productivity, and equipment and automation investments.
• Provide Surgical/Procedural financial leadership on case volume, supply and implant cost, and throughput impact on margin.
• Provide financial leadership for care-lines, including financial modeling and performance reporting.
• Lead contribution analysis, benchmarking, and peer comparisons.
• Provide care-line insights and targets to Hospital and Ambulatory Finance for consideration in facility budgets.
• Operationalize patient-level financial data to identify variation, drive margin improvement, and guide operational decisions.
• Partner with the Director of Financial Modeling to define user needs and improve the usefulness of patient-level costing data.
• Partner with the Chief Supply Chain Officer on drug, supply, and device costs, contract compliance, and standardization, incorporating committed savings into ancillary budgets.
• Lead, develop, and evaluate the ancillary finance directors.
• Partner with the Sr. Director of Hospital and Ambulatory Finance to manage budget roll-up, agree on attribution of ancillary revenue and cost to facilities, and resolve conflicts.