Director of Financial Operations - Hospital Systems

Our client is a not-for-profit health care provider. It is one of the largest employers in the area and serves 26 counties.

The health system includes hospitals, urgent care centers, clinics, and other healthcare facilities across the tri-state area. These facilities offer a wide range of medical services, including cardiology, cancer care, women's health, pediatrics, orthopedics, neurology, and more.

Our client is also known for its commitment to patient-centered care, using advanced technology and innovative treatment approaches to ensure that patients receive the highest quality care possible. It has received numerous accolades for excellence in patient care, safety, and clinical outcomes.

As the Director of Financial Operations, you'll be at the helm of a dynamic team, leading the charge in revolutionizing financial operations within our organization. Your role encompasses directing and guiding subordinate managers in the Operations Finance and Budget/Decision Support Units, ensuring that they're not just meeting but exceeding expectations. Your leadership will set the tone for innovation and growth as we navigate through exciting changes and expansion.

Job Details

We are seeking a dynamic and experienced Director of Financial Operations to join our Hospital Systems team in the Medical Industry. This is a permanent, full-time position that plays a vital role in our organization. The successful candidate will be responsible for overseeing all financial operations, including budgeting, forecasting, cost accounting, and revenue. This role requires a strategic thinker with strong leadership skills, who can drive financial excellence and improve our overall operations.

Responsibilities

• Lead the financial operations of our hospital systems, including budgeting, forecasting, cost accounting, and revenue.
• Utilize Strata decision support system to analyze financial data and make informed business decisions.
• Oversee the negotiation and management of payor contracts to ensure profitability and compliance.
• Develop and implement financial policies and procedures to improve operational efficiency.
• Collaborate with other department heads to align financial management with short and long-term operational strategies.
• Provide financial reports to executive management, highlighting trends, risks, and opportunities.
• Ensure compliance with all regulatory requirements related to financial operations.
• Drive cost-saving initiatives and identify opportunities for revenue enhancement.
• Lead and mentor a team of financial professionals, fostering a culture of continuous learning and improvement.

Qualifications

• Bachelor's degree in Finance, Accounting, or related field. Master's degree or CPA is preferred.
• Minimum of 5 years of experience in financial operations, preferably in the hospital or healthcare industry.
• Proven experience with Strata or similar decision support system.
• Strong knowledge of hospital accounting, cost accounting, and budgeting.
• Experience in negotiating and managing payor contracts.
• Strong leadership and team management skills.
• Excellent analytical and strategic thinking skills.
• Strong communication skills, both verbal and written.
• Proficiency in using financial software and MS Office.
• Ability to work under pressure and meet tight deadlines.
• High level of integrity and dependability with a strong sense of urgency and results-orientation.
• Knowledge of current financial regulations in the healthcare industry.

This is a fantastic opportunity for a seasoned financial professional to make a significant impact on our organization. If you are passionate about healthcare and have the necessary skills and experience, we would love to hear from you.