Executive Director Financial Planning, Financial Planning and Analysis, Full-Time, Days at MarinHealth in San Rafael, CA

Job description

• The Executive Director, Financial Planning provides enterprise-level financial leadership for MarinHealth, translating financial data, operational performance, and strategic priorities into actionable insights that support sound decision-making and long-term organizational sustainability. Reporting to the Chief Financial Officer, this role leads the annual operating budget, long-range financial planning, capital planning, financial and operational modeling, decision support, business intelligence, and key internal and external reporting across MarinHealth Medical Center and affiliated entities.
• Working closely with executive, operational, finance, and strategy leaders, the Executive Director evaluates business opportunities, develops proformas and financial models, monitors revenue, expense, productivity, and improvement initiatives, and provides timely, accurate insights that strengthen operational performance and responsible stewardship of MarinHealth resources. The role also provides leadership and oversight to the enterprise Budget, Decision Support, and Business Intelligence teams and supports leaders in identifying and implementing corrective actions when financial or operational performance varies from plan.
• As a senior leader, the Executive Director models MarinHealth's C.A.R.E.S. values - Communication, Accountability, Respect, Excellence, and Safety - by fostering collaboration, financial accountability, transparency, continuous improvement, and thoughtful decision-making in support of MarinHealth's patients, people, and mission.

Responsibilities

• Essential (Not Modifiable)
• Under the guidance of the MH Chief Financial Officer, the incumbent is responsible for the development and management of the annual operating budget of MHMC and Affiliated Entities. Provides support to departments and committees as needed in order to accomplish, including all MGH affiliated hospitals.
• Plan and oversee the development of the Long-range Financial Plan.
• In collaboration with the Strategy team, plan and develop business plans and proformas.
• In collaborations with various operating departments, Accounting, Materials Management and others as needed develop and maintain the capital planning and reporting
• Responsible for overseeing and directing internal reporting for benchmarking, capital, budgeting, and other adhoc analysis. Stay abreast of industry changes and best practices to ensure reporting is meeting the needs of management.
• Responsible for overseeing and directing external reporting such OSHPD/HCAI. Responsible for overseeing the enterprise Budget and Decision Support teams.
• Responsible for overseeing the enterprise Business intelligence team.
• Responsible for providing the enterprise with accurate and timely reporting tools and information to support the decision-making functions.
• Responsible for development and maintenance of the enterprise Budgeting and Reporting systems.
• Coordinate and directs the multi-users’ activities as they relate to the Decision Support Systems to ensure timely response to projects and ad hoc requests, including applicable MHMC affiliated hospitals.
• Reviews the monthly revenue and expense analysis reports and makes recommendations to department managers for corrective action. As needed, the Executive Director will also participate in departmental monthly operating reviews for MHMC and affiliates.
• Tracks enterprise bridge plans and improvement plans for MHMC and affiliates. Coordinates the development of bridge plans and improvement plants with senior leaders and management.
• Coordinate and facilitate monthly executive MORs for both MHMC and MHMN.
• Assists in the development and ongoing analysis of Productivity Standards by department in association with appropriate management at all MHMC and affiliates.
• Conducts ongoing educational workshops on budget, labor management, and related issues for department managers at MHMC and affiliates.
• Performs other duties as required or assigned.

Requirements

• Bachelor’s Degree in Accounting or Business Administration is required
• Masters in Business Administration highly desired
• Five years health care demonstrated experience in data analysis, to include in depth knowledge of Revenue Cycle, Reimbursement, Payer Contracting, Productivity Management, Long-Range Financial Plan Modeling, Proforma and Business plan modeling, Decision Support, and strong knowledge of healthcare operations needed to model business ventures/proformas.
• Demonstrated, successful experience in a hospital Finance Department with emphasis in general ledger, budgeting, financial analysis, reporting, cost accounting and health care reimbursement is required.
• NA
• Possess a strong knowledge of business, finance, budgeting and accounting functions and hospital reimbursement
• Possess a general knowledge of government and non-government billing, follow-up and collection processes, as well as all applicable laws
• Possess advanced computer skills, including managing multiple systems. Advanced knowledge and skills in excel, budget software and other tools used to perform key duties.
• Knowledge of capital planning techniques including evaluation of capital investments and retro-active review of previous proformas.
• Advanced skills and experiences for developing detailed proforma/financial model to support business plan. Ability to collaborate with operational leaders to develop business plan and associated proforma/model.
• Knowledge of hospital and medical group budgeting and long-range planning tools, processes and methods.
• Knowledge of hospital and medical group cost accounting functions, processes and methods.
• Ability to manage projects independently utilizing project management principles while functioning autonomously and taking initiative to problem solve
• Ability to understand medical terminology, DRG’s, ICD-9 and CPT-4 coding
• Strong understanding of managed care concepts and issues related to reimbursement and hospital and medical group operations.
• Excellent customer service skills
• Ability to work effectively and tactfully with all levels internally and externally in a team setting
• Ability to organize, prioritize and demonstrate project management skills
• Ability to use problem-solving techniques to achieve desired results and effect change
• Knowledge of hospital and medical group financial systems including general ledger, payroll, budgeting/financial analysis tools, materials management/accounts payable, billing systems, clinical systems, cost accounting , policies and procedures.
• Strong communication skills

Skills

Required

• Excellent customer service skills
• Strong communication skills

Benefits

• The posted pay range complies with applicable law and reflects what we reasonably expect to pay for this role. Individual pay is set by skills, experience, qualifications, and internal/market equity, consistent with MarinHealth’s compensation philosophy. Positions covered by collective bargaining agreements are governed by those agreements.