Job Description

General Summary

Performs a wide variety of fiscal analysis and business counseling services working collaboratively with assigned Operations/Service Line leaders. Creates a partnership with the clinical operations by creating value through their counsel which includes, but is not limited to, general financial analysis, planning, budgeting, performance improvement, new business or service development feasibility analysis and development of other fiscal management processes to support operations leadership with management of their departments' fiscal performance. Ensures the overall continued financial success of the System in the continuous pursuit of the fulfillment of its Mission.

Duties and Responsibilities

Essential Functions:

• Provides financial insight in support of the business operations and performance management for the Service Lines and Medical Group practices and/or Acute Care Operations assigned to the position.
• Collaborates with Operations Leadership in developing and monitoring relevant financial performance metrics and financial data to determine profitability and identify areas for improvement.
• Works with other corporate financial service departments and staff to assist with data analysis, reporting, budgeting and in-depth analysis of material financial performance variances.
• Develops understanding of Provider Compensation program in partnership with the Compensation team. Uses that knowledge to support Directors of Operations to be effective in their communication with Providers and management of their pay practices. Expectation is that Operations accurately compensates providers in compliance with policies.
• Collaborates with other department managers in supporting the operations of the Service Lines and Medical Group practices and/or Acute Care Operations. Participates in Financial and Operational Meetings.
• Works on process improvement initiatives, as appropriate.

Common Expectations:

• Serves as financial liaison with operations staff.
• Develops and prepares capital and operating budgets for areas of oversight.
• Ensures compliance with all applicable federal and state regulations.
• Collaborates within the department/service line/entity, with other departments/service lines/entities, and with the System's primary functions.
• Continuously assesses and improves work processes and develops standard work documentation, supports effective roll out of that work and ensures compliance.
• Provides ad-hoc financial analysis and reports to Management as requested.
• Enhances professional growth and development through participation in educational programs, current literature in service meetings, and workshops.
• Leverages knowledge of finance and healthcare operations data.
• Validates data for reasonableness.
• Provides outstanding service to all customers; fosters teamwork; and practices fiscal responsibility through improvement and innovation.

Qualifications

Minimum Education:

• Bachelors Degree Required
• Masters Degree in Business Administration (MBA) Preferred

Work Experience:

• 3 years Required

Courses and Training:

• Accounting/Finance Upon Hire Required
• CMA Certification Upon Hire Preferred

Knowledge, Skills, and Abilities:

• Excellent communication, interpersonal, and computer skills
• Analytical skills
• Able to work well in a team
• Has knowledge of the various reimbursement methodologies across all continuums of healthcare
• Ability to work independently on projects
• Validates data for reasonableness

Benefits Offered:

• Comprehensive health benefits
• Retirement savings plan
• Paid time off (PTO)
• Education assistance
• Financial education and support, including DailyPay
• Expanded Paid Parental Leave

For additional details: Benefits & Incentives | WellSpan Careers (joinwellspan.org)