Vice President Finance Greater Milwaukee

  • Advocate Health Care
  • Milwaukee, WI, USA
  • Apr 27, 2021

Job Description

Oversees the financial operations for the Greater Milwaukee patient service market including budgeting/forecasting, financial reporting oversight in partnership with system accounting, strategic financial analysis, hospital patient access, capital allocation, and market based revenue cycle performance. Ensures financial strategies and processes align and effectively support the achievement of the organization's objectives and internal controls are maintained and employed. Works in collaboration with various multi-site hospital and clinic leadership to identify and execute on growth strategies, financial performance improvement initiatives, including expense control methods, contributing to optimal performance and strategic positioning efforts. Assists in prioritizing financial and operational needs across sites and supports efforts required to allocate limited capital resources to assure alignment with strategic initiatives and revenue optimization opportunities Oversees the financial performance of operations for assigned Patient Service Market. Directs completion and reviews reports on financial performance. Supervises, investigates, analyzes and presents recommendations with respect to costs (labor and non-labor) and revenue initiatives, including processes, re-engineering and detailed performance/financial/program reviews, to ensure stated financial goals are attained Works collaboratively with operations management and corporate revenue cycle departments (Patient Access, HIM, and revenue cycle analysts) to capitalize on revenue cycle process improvement opportunities to optimize revenue and better understand/enhance payer and reimbursement trends. Leads collaboration efforts with Patient Service Market leadership, to ensuring alignment, completion and maintenance of annual operating budgets/rolling forecast, alignment with capital budgets and cost accounting models meeting established deadlines and system parameters. Analyzes variances to budgets/forecasts and communicates such to Patient Service Marketing leadership and Regional Finance leaders. Makes recommendations to and partners with operations leaders to ensure financial targets are met and/or exceeded. Implements standardization of work, processes and deliverables while ensures financial integration within and across patient service market and patient service sites. Serves as a resource/liaison for Patient Service Market leadership, corporate finance staff (general accounting and reimbursement, etc.) departments and functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology for the Patient Service Market by providing guidance on policies and procedures, provides direction of financial statement preparation process, consultation on specific finance-related issues or day-to-day operations issues, notification regarding material issues impacting net reimbursement, etc. Presents financial information to boards, executive and management teams and regional monthly operating reviews. Effective communication skills with the ability to take complex financial information and make it clear and understandable to non-financial people. Explains the "why" behind financial improvement plans and initiatives. Oversees, explains and interprets close results for Patient Service Market leadership. Provides close results presentations to governance and other leadership groups that includes necessary reports and information while providing a high level direction on decision and timing. Leads and/or participates in Patient Service Market, specific entity, and System initiatives to develop new services/processes by identifying issues, brainstorming ideas, and proactively creating action/bridge plans working to include appropriate stakeholders in discussions. Leads site capital committee, reviews strategic proformas and narratives while helping to ensure that strategic submissions capture the full value of the project to maximize approval success. Prepares capital look back analysis process and ensures alignment of capital plan to budget. Scheduled Hours business hours Licenses & Certifications None Required. Degrees Master's Degree (or equivalent knowledge) in Finance or related field. Required Functional Experience Typically requires 15 years of experience in financial operations which includes experiences overseeing financial operations and developing and executing financial strategies within a large complex organization. Healthcare experience preferred. Required Management Experience Includes 5 years of management experience in financial management. Knowledge, Skills & Abilities Excellent relational skills and ability to get things done through teamwork, persuasion and influence. Excellent communication skills and ability to work with executive boards, teams, physicians and staff. Formal presentation and business writing skills. Ability to explain complex financial information in ways non-financial people can understand and relate to. Excellent analytical skills, including ability to review quantitative and qualitative data and reach sound conclusions.



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