Director Financial Operations

Wellstar Health System, Inc.; Austell (GA); On-site; USD 150,000 - 210,000; Full time

Job summary

Wellstar Health System, Inc. seeks a Director of Financial Operations to act as an on-site financial leader focusing on revenue growth and bottom-line performance for the Hospital and Service Line.

You will mentor site managers, support budget development, and drive multi-departmental program evaluations with a strong emphasis on Pro Formas and cost control. The role requires 8+ years in hospital finance with leadership experience and proficiency in EPIC, Strata, and Workday, along with advanced

Qualifications

• Bachelor's degree in accounting, finance, or related field; MBA preferred.
• 8+ years hospital finance experience recommended; leadership experience required.
• Experience with EPIC, Strata and Workday preferred.

Responsibilities

• Support Budget Development and Adherence.
• Development of global statistics.
• Assist on-site management in development of budgets.
• Review monthly financial statements for significant variances and corrective actions.
• Review monthly department budgets for expense management and cost reductions.
• Support New Program Development and Pro Formas.
• Focus on multi-departmental implications of new programs.
• Assist with CON development and strategic planning liaison.
• Prepare reports for Senior Leadership and strategic initiatives.
• Ensure revenue capture and chargemaster accuracy with Revenue Management.

Skills

Budget development

Variance analysis

Strategic planning

Strong communication

Presentation skills

Education

Bachelor's in Accounting

Bachelor's in Finance

Bachelor's in Related Field

MBA/Management (Preferred)

Tools

EPIC

Strata

Workday

Microsoft Excel

Pivot tables

Job description

How would you like to work in a place where your contributions and ideas are valued? A place where you can serve with compassion, pursue excellence and honor every voice? At Wellstar, our mission is simple, yet powerful: to enhance the health and well-being of every person we serve. We are proud to have become a shining example of what's possible when the brightest professionals dedicate themselves to making a difference in the healthcare industry, and in people's lives.

Work Shift

Day (United States of America)

Job Summary

The Director Financial Operations functions as an on-site financial resource focusing on revenue growth and bottom line performance from the Hospital and Service Line. Supports the on-site managers and directors in budget development by functioning in an educational capacity while complimenting the Horizontal Product Line directors and financial analysts who are primarily responsible for expense management. This leader takes the lead in new program evaluation with an appreciation of mulit-departmental implications. Supports C.O.N. applications by assisting Department Directors in development of Pro Formas. Assists with reviewing monthly cost center performance against budget. Working with cost center management, provides reasonable, rational explanations for variances. Demonstrates an inquisitive nature by analyzing and investigating operational performance on a prospective, rather then reactive, basis. Assists AVP of Operations and Chief Nursing Officer with identifying and implementing corrective actions for unapproved budget variances. Provides daily operational productivity guidance to Executive Directors and Managers of Nursing. The Director provides ad hoc financial education for facility management staff to ensure understanding and compliance with WellStar's stated budget and financial goals and objectives.

Core Responsibilities And Essential Functions

• Support Budget Development and Adherence.
• Development of global statistics.
• Assist on-site management in development of reasonable budgets.
• Review monthly financial statements to determine significant variances and means to correct.
• Review monthly department budgets for expense management and opportunities for cost reductions.
• Support New Program Development
• Provide financial support to the Directors responsible for Pro Formas for new programs.
• Focus on multi-departmental implications of new programs.
• Support CON development by acting as a liaison to the Director of Strategic Planning.
• Special Projects, as assigned.
• Work with Business Intelligence staff to request, analyze, and interpret data.
• Prepare reports for review by Senior Leadership to help with strategic initiatives.
• Enhance Revenue Generation and Valuation
• Review denied claims trends for facility and work with Revenue Management to examine ways to reduce.
• Ensure adequate reserves for contractual allowances. Analyze percentage variances in net-to-gross by payor. Review bad debt trends.
• Review issues that may impact reimbursement in Managed Care contracts and Governmental Programs (Medicare, Medicaid, etc). Work with responsible staff to address.
• Enhance Revenue Capture
• Work with Revenue Management to ensure chargemaster accuracy.
• Work with Revenue Management, Patient Access Services, and cost center managers/directors to ensure optimal charge capture (including accuracy of patient type).
• Review daily revenue trends for facility cost centers and investigate significant variances.
• Performs other duties as assigned
• Complies with all Wellstar Health System policies, standards of work, and code of conduct.

Required Minimum Education

• Bachelors Accounting or Bachelors Finance or Bachelors Other / Related Field or Masters Business Administration/Management-Preferred

Required Minimum License(s) And Certification(s)

All certifications are required upon hire unless otherwise stated.

Required Minimum Experience

Minimum 8 years . Hospital finance is strongly preferred. Required and Minimum 3 years of leadership experience Required and Experience with EPIC, Strata and Workday Preferred

Required Minimum Skills

Expert level experience with Microsoft Office, Excel and pivot tales; Spreadsheet analysis, budget development, variance analysis, revenue enhancement, proforma, strategic planning, strong communication and presentation skills;

Join us and discover the support to do more meaningful work—and enjoy a more rewarding life. Connect with the most integrated health system in Georgia, and start a future that gives you more.