Director of Financial Planning

Director of Financial Planning

Mount Auburn Hospital

Watertown, MA

Full time

Under the direction of the Vice President of Finance, assists in the process of financial planning for the organization. Directs the formal budget process; determines budget year operating expenses and net revenue; negotiates managed care and other third party payer contracts; maintains compliance with relevant state and federal cost and other reporting requirements; and performs financial feasibility studies. Participates in the preparation and update of the organization’s strategic financial plan.

Job duties:

• Establishes procedures/systems for the annual operating and capital budget programs.
• Reviews departmental budget requests with department directors and senior management.
• Establishes procedures and systems to accumulate accurate statistical and financial data for internal and external reporting requirements.
• Works with Beth Israel Lahey Health to negotiate and evaluate contracts with third party payers.
• Acts as a liaison to physicians on financial issues related to hospital third party payer capitation and risk pool contracts.
• Develops and maintains computer models to measure and report net revenues accurately on a monthly basis for financial statement presentation.
• Prepares studies of hospital programs for senior management.
• Oversees the accurate filing of Federal and State cost reports and other required reports to Medicare, the Center for Health Information and Analysis, and other regulatory agencies as required.
• Assists senior management in analysis of budget variances.
• Prepares and manages the department’s operating budget.
• Works closely with other Hospital departments for the development of business plans for patient services.
• Remains current on all regulatory and technical matters; alerts senior management to significant developments.
• Oversees all third-party reimbursement audits.
• Works closely with the Director of Financial Operations and other department directors to coordinate activities of the Finance Division.
• Interviews, selects and evaluates subordinate managers. Supervises a professional staff and through them, clerical staff in the daily activities of the department.
• Regularly makes presentations to groups such as department heads, senior management, trustees, and medical staff on budgetary and regulatory issues, payer contract issues, business planning and analysis, and other topics.
• Supports and participates in the hospital’s commitment to Continuous Improvement. Through the development and use of objective data, plans, implements, and evaluates processes that result in the delivery of integrated services.

Requirements:

• Master’s degree in related field required.
• Seven years of progressive healthcare financial management experience.
• Superior analytic and problem-solving abilities.
• Technically advanced in related computer software applications.

To apply, please submit your resume through Indeed.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, sexual orientation, pregnancy and pregnancy-related conditions or any other characteristic protected by law.