Director MG Financial Planning Strategic Initiatives

SUMMARY

The Director would be responsible for identifying and leading initiatives to improve the financial reporting and analysis for the Medical Group and Health System.

Responsible for review, development, recommendation, implementation, and monitoring of strategic priorities related to the Faculty Practice Plan, Health System, and all other components comprising the total Medical Group Fund.

Supports and leads the financial planning and analysis activities for UT Southwestern Clinical Departments, Health System Clinics and Service Lines.

Review and provide feedback on financial projections for new clinical initiatives. Oversee decision support analyses and reporting provided to service lines and various clinical departments.

EXPERIENCE AND EDUCATION

REQUIRED

• Bachelor’s degree in Finance, Accounting, or a related field,
• Ten (10) years related financial or revenue cycle experience in complex, large organizations, required.
• Experience in healthcare.

PREFERRED

MBA designation preferred.

JOB DUTIES

Direct and manage the financial reporting and analysis for the UTSW Health System Managed Clinics to include financial support for the AVP, COO of Ambulatory Operations, AVP, Pediatric Service Line and AVP, Primary Care Service Line.

Produce accurate and timely monthly financial statements for each regional center and provide budget variance explanations to Ambulatory Operations leadership.

Recommend changes which could improve financial performance for the regional centers and service lines.

Responsible for developing and monitoring an annual operating budget for the overall Medical Group in conjunction with Departmental Leadership.

Lead monthly financial reporting and analysis to identify root causes for missing budget targets.

• Assist Medical Group CFO in identifying initiatives that support the medical group’s ability to achieve its strategic and financial objectives.
• Leads complex Finance projects that advance UTSW’s strategic / financial objectives and contribute to the organization’s long-term success.
• Establishes linkages between projects / initiatives and identified business strategies using methods such as financial analysis and stakeholder assessments.
• Review of financial performance results of projects / initiatives to ensure objectives are achieved on time and within budget.
• Provides analysis and delivers insight which links financial reports to business strategies.
• Participates in strategic planning to ensure that goals are aligned and contribute toward revenue enhancement, cost containment and maximizing productivity.
• Analysis of Revenue Cycle performance to include identification of areas for improvement to maximize physician revenue in conjunction with the AVP of Revenue Cycle.
• Responsible for the decision support monthly meetings to ensure proper business rules are utilized to analyze cost. Perform analyses and make recommendations on complex financial methodologies involving driver-based revenue and expense projections, cost allocations, workforce planning and staffing, and related industry benchmarking data.

Identify opportunities for automation and standardization in conjunction with the Hospital Decision Support team to achieve a total Health System decision support analysis

• Oversees the work of financial managers and staff. Provides feedback, coaching, and opportunities for career development.
• Performs other duties as assigned.

WORKING CONDITIONS

Work is performed primarily in a general office area.

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