Executive Director - Finance

Company: Piedmont Healthcare
Location: Atlanta
Posted on: February 25, 2021

Job Description:

Piedmont Atlanta Hospital - Atlanta, Georgia
Shift/Schedule: Full-time Description JOB PURPOSE:
Responsible for managing the hospital Finance department. This includes, but is not limited to, leading the strategy and growth of the various service lines, leading the financial management and support of all service line strategic and operational initiatives, overseeing and monitoring project accounting, business case development, variance analysis, department level budgets, measurement and tracking of new services, and labor analysis. Works collaboratively with entity department leaders and other Finance departments to develop and deliver management reports and meaningful insights from data to further decision making KEY RESPONSIBILITIES:
1. Oversees overall business performance analyses, including financial impacts of research trials, and decision support activities and provides strategic financial insight to the hospital CFO.
2. Collaborates with PHC Financial Planning and Analysis and Strategic Planning departments to prepare the annual capital and operating budgets (entity and departmental level) in a manner congruent with PHC and local strategic plans and operating goals. Report on interim progress toward budgeted objectives on a regular basis.
3. Leads the planning for operational changes as it relates to capital projects, for example: MFP/Tower. This would include the labor management, leadership growth/orientation needs, manages to proforma volumes and EBA. Liaise between the construction program manager (i.e. CBRE, BDR) and Corporate Finance on reconciliation and tracking expenditures; reviews and process new contracts; reviews and approves all expenditures for project.
4. Collaborates with shared functions and other departments on cash control, physician inventory, tax filings (e.g. 990-T), cost report workpaper development, and works to understand and resolve other issues as needed (e.g. over/under accruals, prepaid needs, and etc.).
5. Works with PHC Strategic Planning and other departments to produce the Georgia Annual Hospital Questionnaire (AHQ), and Hospital Financial Survey (HFS), and other related submissions.
6. Liaises with physician accounting and the physician practices as needed on physician practice subsidies, income guarantees, practice startups/acquisitions, and etc. to help support information sharing, communications, performance improvement, decision making and other needs, as required.
7. Produces, distributes, and explains management reports and analyses that relate to past activity, operational opportunities, and strategic objectives. This includes standard format Financial
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Statements, concurrent month-to-date activity, ratio analysis, and coordinating/reviewing departmental responsibility report submissions. Analysis should include feedback of service line results as needed, pro-forma projections of proposed decisions and specific staffing and productivity data. The Hospital Finance Director should produce analysis on an ad-hoc basis upon requests and be proactive in bringing issues and opportunities to decision-makers.
8. Establishes ongoing communication and review with agreed upon parties (e.g. CFO, departments, department leaders, and VPs) to review performance and explore opportunities for improvement.
9. Translates system-wide operating strategies and key performance indicators ("KPIs") into entity specific initiatives and uses financial analysis to provide insightful interpretations for decision making.
10. Drives entity-wide Finance strategy and assists the hospital CFO in making key decisions.
11. Assists hospital CFO with reviewing the methodology used by Finance staff to evaluate internal and external business opportunities and suggests alternatives.
12. Identifies and manages continuous process improvement initiatives and drives strategic Finance initiatives.
13. Participates in performance management process including performance evaluation, coaching, and development of direct reports.
14. For entities that are still running legacy computer systems, position may be responsible for a variety of tasks supportive of broader financial and / or other needs.
15. Performs other duties as assigned.
PAH Specific Functions
16. Abdominal (Liver, Kidney, Pancreas) Transplant Services
a. Understand complexities of Medicare cost-based reimbursement as well as Commercial contracts
b. Produce routine profitability analysis
c. Understand UNOS guidelines and benchmarks to support cost structure
d. Support business needs of the service
17. Complex Cardiovascular Services (Heart Transplant, VAD, ECMO, etc.)
a. Have a working knowledge of services delivered and be able to translate financial performance goals into operational strategies
b. Understand complexities of reimbursement for these services
c. Support business needs of the service
18. Collaborate with and support PHI leadership for hospital analytics and strategy
19. Ensures philanthropic funds (approximately 60 restricted funds and 20 endowments) are disbursed appropriately.
20. Understanding of Research function - revenue, reimbursement and integration with PAH operations.
21. Understanding of GME (Graduate Medical Education) program and impact on operations and government reimbursement Requirements MINIMUM EDUCATION REQUIRED:
A Bachelor's degree from a recognized college or university in Business Administration, Business Management, or business related field is required.
MINIMUM EXPERIENCE REQUIRED:
Ten (10) years of progressive work experience in a Finance or Business role, preferably in a multi-entity healthcare environment, is required.
MINIMUM LICENSURE/CERTIFICATION REQUIRED BY LAW:
None.
ADDITIONAL QUALIFICATIONS:
A Master's Degree in Business Administration, Hospital Administration, Accounting, Finance or a closely related field, or designation as a Certified Public Accountant is preferred.
-- Diversity & Inclusion At Piedmont Healthcare we embrace diverse ideas, perspectives, and skills to create a collaborative workplace where the best talent wants to succeed. We celebrate differences and recognize that they allow us to care for our community. Excellence at Work Piedmont is a certified Great Place to Work--- -- a national designation based on employee feedback about trust, workplace culture and experience. In 2019, Forbes named Piedmont one of Georgia's 10 best employers and the highest-ranked healthcare provider.

Keywords: Piedmont Healthcare, Atlanta , Executive Director - Finance, Executive , Atlanta, Georgia