Director Financial Operations

How would you like to work in a place where your contributions and ideas are valued?

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.

About Wellstar

• 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.
• Connect with the most integrated health system in Georgia, and start a future that gives you more.

Responsibilities

• 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.
• 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.

Requirements

• 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 .
• 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.

Preferred

• Hospital finance is strongly preferred.