Healthcare Finance Decision Support Manager

Bayhealth; Dover (DE); On-site; USD 111,155 - 172,286; Full time

Benefits offered by this job

Generous Paid Time Off

Matching 401(k)/403(b) Plans

Excellent Health, Dental, and Vision Insurance

Disability and Life Insurance options

Educational Reimbursement

Job summary

Bayhealth in Dover, DE is seeking a financial manager responsible for the Cost Accounting system and profitability analysis. You will oversee productivity systems and financial reporting, working closely with leadership to improve service line profitability.

The ideal candidate has a Bachelor's degree in Accounting or Finance, with a minimum of 10 years of relevant experience. The role offers a competitive salary, comprehensive benefits, and the opportunity to make a meaningful impact in the healthcare field.

Qualifications

• Minimum of 10 years’ experience in cost accounting and budgeting.
• Experience with STRATA financial software or similar.
• Healthcare experience preferred.

Responsibilities

• Manage productivity system and report to rating agencies.
• Develop financial feasibility and cost templates using STRATA.
• Train managers to interpret and use productivity software.

Skills

Cost Accounting

Budgeting

Healthcare finance

STRATA financial software

Education

Bachelor Degree in Accounting, Finance or related field

Master Degree in Business Administration or Health Administration

Tools

STRATA healthcare finance software

ERP software

Job description

If you care about the opportunity to grow, to make a difference, to build a future and a life, then we just might have the career for you. Care to talk?

Bayhealth Medical Center is Central and Southern Delaware’s healthcare leader with hospitals in Dover and Milford, as well as stand‑alone Emergency Department in Smyrna and a hybrid Emergency Department and Urgent Care in Milton. We offer various practice settings throughout Kent and Sussex Counties. Bayhealth Medical Center Kent Campus is 90 minutes from Philadelphia, Washington, DC and Baltimore. Our Sussex Campus is 30 minutes to the Delaware beaches and relaxation in the sand!

Bayhealth Medical Center offers a competitive salary and comprehensive benefits package (for eligible positions) including:

• Generous Paid Time Off and Paid Holidays
• Matching 401(k)/403(b) Plans
• Excellent Health, Dental, and Vision
• Disability and Life Insurance options
• On Site Child Care
• Educational Reimbursement
• Health Care and Dependent Care Flex Spending Accounts
• Plus, an array of Voluntary Benefits to include Critical Care Coverage and more!

Location

Kent Campus Hospital - Onsite in Dover, DE

Status

Full Time 80 Hours

Shift

Days

SALARY RANGE

111,155.20 - 172,286.40 YEARLY

General Summary

Responsible for management of the Cost Accounting system used for service line profitability analysis. Manages productivity system and is responsible for reporting to rating agencies such as S&P, Fitch, DAC, EMMA and other external agencies. Oversees utilization of Decision Support system in support of major strategic and financial planning projects. Publishes monthly service line Profit & Loss statements (P&Ls) and physician practice P&Ls and practice scorecards. Reviews all feasibility studies prepared using STRATA software. Assists with the implementation and on‑going maintenance of the STRATA rolling forecast module.
Note: This management role is an onsite position in the Dover, DE area.

Responsibilities

• Develops financial feasibility, cost and reimbursement templates using the STRATA system determining Return on Investment (ROI), payback period, Net Present Value (NPV), Internal Rate of Return (IRR) and other financial metrics used to evaluate competing capital projects.
• Establishes routine meetings with leadership to review service line profitability and assists with developing performance improvement plans for service lines with unfavorable variances to budget. Validates cost structure updates for accuracy.
• Completes survey and annual insurance renewal applications and compiles data for FEMA and/or Single Audits and generates reports for GME reporting. Provides documentation for operational and administrative decisions affecting finance, labor utilization, and budget development.
• Trains managers and directors to interpret and use productivity software. Manages the requests for ad hoc reports. Generates reports needed for annual financial audit, cost report filing, community benefit reporting from STRATA.
• Mentor the supervisor of decision support and special projects analyst.
• Provides oversight to software implementations as needed including components of ERP, and Leasing software. Assists with the implementation of the STRATA forecasting module.
• All other duties as assigned within the scope and range of job responsibilities.

Required Education, Credentials, and Experience

• Education: Bachelor Degree in Accounting, Finance or related field of study.
• Credential(s): None required.
• Experience: Minimum of 10 years’ experience in cost accounting, budgeting and/or decision support. Experience with STRATA financial software or similar. Healthcare experience. Experience working with STRATA healthcare finance software.

Preferred Education, Credentials, and Experience

• Education: Master Degree in Business Administration or Health Administration
• Credential(s): Financial and/or healthcare certifications.
• Experience: Experience in hospital or healthcare contracting and/or reimbursement. Familiar with bundled payments and physician reimbursement.