Director Financial Operations

2510 Cobb Hospital, Inc.; United States; On-site; USD 150,000 - 230,000; Full time

Job summary

Wellstar Health System, Inc. in Georgia seeks a Director of Financial Operations to advance revenue growth and bottom-line performance for hospital and service lines.

This on-site leadership role partners with on-site managers and directors to develop budgets, evaluate new programs, and improve financial performance across departments. The ideal candidate will bring 8+ years in hospital finance, 3+ years of leadership, and experience with EPIC, Strata and Workday, plus expert Excel and pro forma

Qualifications

• 8+ years hospital finance experience preferred.
• Minimum 3 years of leadership experience.
• Experience with EPIC, Strata and Workday preferred.
• Expert level Excel and pivot tables; budget development, variance analysis, revenue enhancement, pro forma, strategic planning, strong communication and presentation skills.

Responsibilities

• Support Budget Development and Adherence: develop budgets, review monthly statements, identify variances.
• Support New Program Development: provide pro formas for new programs, assess multi-departmental impact.
• Special Projects: analyze data with BI staff, prepare leadership reports.
• Enhance Revenue Generation and Valuation: review denial trends, reserves for contractual allowances, payor mix analysis.
• Enhance Revenue Capture: ensure chargemaster accuracy and capture across departments.
• Performs other duties as assigned.

Skills

Leadership

Budget development

Variance analysis

Revenue enhancement

Pro forma

Strategic planning

Microsoft Excel

Education

Bachelor's in Accounting / Finance / Related Field

MBA (Preferred)

Tools

EPIC

Strata

Workday

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.

Additional License(s) and Certification(s):

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.

Nationally ranked and locally recognized for our high-quality care and inclusive culture, Wellstar is one of Georgia’s largest and most integrated healthcare systems.

Every day, 24,000+ of us work together to provide personalized care for patients at every age and stage of life - and our team members are the foundation of that care.

Mission, Vision & Values

At a time when the healthcare industry is changing rapidly, Wellstar remains committed to exceeding patients’ and team members’ expectations, while transforming healthcare delivery.

OUR MISSION: To enhance the health and well-being of every person we serve.

OUR VISION: Deliver world-class healthcare to every person, every time.

OUR VALUES: We serve with compassion We pursue excellence We honor every voice

Culture of Excellence

Wellstar consistently receives attention and accolades from national organizations that set the standards for world-class care. Our system-wide practice of safety principles, assessing and addressing errors and seeking feedback from our patients and customers continually earns recognition for advances in safety and quality.

Featured on the FORTUNE “100 Best Companies to Work For” list and Seramount 100 Best Companies list, we not only provide top-notch care for our patients, but also foster the culture of Wellstar as a Great Place to Work.