Director, Financial Operations
UChicago Medicine Ingalls Memorial, Harvey, Illinois, United States, 60426
Overview
Join a world-class academic healthcare system, UChicago Medicine, as the Director of Financial Operations at Ingalls Memorial Hospital in Harvey, Illinois. We are seeking an experienced leader who will partner with clinical operations, identify financial opportunities and drive financial performance to proactively ensure the fiscal health of the organization. They will also deliver effective fiscal presentations related to budget and reimbursements by collecting, preparing and analyzing data, along with financial feasibility studies.
Who You Are
Bachelor’s degree in Business, Finance, or Accounting required. CPA preferred.
8 years of hospital finance and operations experience, preferably at a standalone facility within a large corporation or complex healthcare system.
Advanced knowledge of labor productivity standards, revenue cycle performance, and hospital financial plans including operating and capital budgets.
Sound knowledge of healthcare accounting, finance and cost controls with skills in business acumen, strategic planning, organizational assessment, highly developed leadership and quantitative analytic abilities.
Ability to analyze information, present data, and draw conclusions by applying analysis techniques, using data to drive positive performance.
Advanced interpersonal skills with the ability to work effectively and exercise a high degree of diplomacy, discretion and collaboration in dealing with constituencies at all levels, from entry-level staff to surgical provider partnerships to the executive suite.
Excellent verbal, written, and presentation skills. Ability to speak articulately in high-level forums and to answer difficult questions with confidence.
Effective ability to bring clarity to complex issues and coach problem-solving techniques, with the ability to model a creative and proactive ‘can-do’ attitude and lead change as needed.
An individual of unquestioned integrity and moral character who represents the values of the organization.
Fluent in ERP/financial software systems including Oracle Cloud, and ability to harness information for presentation and insights.
What you’ll gain as the Director of Financial Operations
Opportunity to work at a world-class organization, engaging numerous stakeholders, with the mission to help the organization achieve high performance outcomes.
Transform financial performance and community health within an academic medical center that positively impacts the organization.
Partner with leaders to develop and execute operational, quality and strategic long-term plans with a relentless pursuit of excellence.
What you’ll do as the Director of Financial Operations
Provide leadership, direction and supervision through a Shared Services model for accounting, strategic finance, business referral patterns, and revenue analysis and payer structures.
Support the System Vice President and Service Line Leaders in developing and setting the financial strategy and direction for UCM operations in Harvey, IL and Crown Point, IN to drive financial performance.
Develop and implement best-in-class financial and analytic operations leading to optimal financial effectiveness, service excellence and clinical quality.
Work closely with departmental leaders by acting as a business partner to assist with budget preparation, while providing ongoing communication of financial, productivity, resource utilization performance, leakage, KPIs to benchmark variance review along with other financial performance indicators.
Lead the development and preparation of all financial plans including annual operating and capital plans, and support the Health System’s long-range financial plans and performance improvement initiatives for presentation to executive leadership.
Analyze and report on variances to budget and work with departmental and divisional management to develop corrective action plans to meet financial performance goals.
Analyze the regional financial and operational position based on current, past and future trends and budgeted levels using variance analysis, benchmarks, productivity targets, cost, supply consumption, and established plans.
Ensure policy and procedure manuals are maintained, reviewed, and revised annually and are available for audit and control purposes.
Participate in the interview, selection, orientation and ongoing development of management and professional employees in the department to ensure a highly engaged top-performing team.
Foster efforts to positively impact the organization’s visibility, image, and relationship with its surrounding community.
Lead, develop and mentor team members to support the financial operation by leveraging strengths and advancing skill sets. Promote a positive and collaborative work culture.
E4 Leadership E4 Leadership (Equity, Engage, Evolve, Excel) is a Patient-Centered Management System that empowers teams to improve daily. This is done through daily readiness huddles, real-time process monitoring, performance review huddles and structured problem solving. E4 Leadership is an evolving system where leaders work together to cultivate a culture of equity and continuous improvement.
Each person to realize their full potential for contribution
The organization to achieve high performance outcomes
System-wide integration, coordination, and seamless execution
Clear focus on exceptional, equitable patient care and experiences
As part of the leadership team, this position will be instrumental in reinforcing and sustaining UCM’s E4 Leadership culture.
Why Join Us For nearly a century Ingalls Memorial has pioneered sophisticated clinical care and developed the area’s most convenient network of comprehensive outpatient centers, all dedicated to improving the health and wellbeing of the community. Now, partnered with UChicago Medicine, we have expanded our network of expert physicians, convenient facilities and scope of service to speed your healing process and help navigate your path to wellness. A skilled Medical Staff and talented employees dedicated to prevention, diagnosis, treatment and rehabilitation of illness and injury provide a firm foundation for our reputation for quality. We’re in this together: working to advance medical innovation, serve the health needs of the community, and move our collective knowledge forward. If you’d like to add enriching human life to your profile, UChicago Medicine Ingalls Memorial is for you. Here at Ingalls, we’re doing work that really matters. Join us!
UChicago Medicine Ingalls Memorial is growing; discover how you can be a part of this pursuit of excellence at: Ingalls Career Opportunities
UChicago Medicine Ingalls is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status and other legally protected characteristics.
As a condition of employment, all employees are required to complete a pre-employment physical, background check, drug screening, and comply with the flu vaccination requirements prior to hire. Medical and religious exemptions will be considered for flu vaccination consistent with applicable law.
Compensation & Benefits Overview UChicago Medicine is committed to transparency in compensation and benefits. The pay range provided reflects the anticipated wage or salary reasonably expected to be offered for the position. The pay range is based on a full-time equivalent (1.0 FTE) and is reflective of current market data, reviewed on an annual basis. Compensation offered at the time of hire will vary based on candidate qualifications and experience and organizational considerations, such as internal equity. Pay ranges for employees subject to Collective Bargaining Agreements are negotiated by the medical center and their respective union. Review the full complement of benefit options for eligible roles at Benefits - UChicago Medicine.
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Who You Are
Bachelor’s degree in Business, Finance, or Accounting required. CPA preferred.
8 years of hospital finance and operations experience, preferably at a standalone facility within a large corporation or complex healthcare system.
Advanced knowledge of labor productivity standards, revenue cycle performance, and hospital financial plans including operating and capital budgets.
Sound knowledge of healthcare accounting, finance and cost controls with skills in business acumen, strategic planning, organizational assessment, highly developed leadership and quantitative analytic abilities.
Ability to analyze information, present data, and draw conclusions by applying analysis techniques, using data to drive positive performance.
Advanced interpersonal skills with the ability to work effectively and exercise a high degree of diplomacy, discretion and collaboration in dealing with constituencies at all levels, from entry-level staff to surgical provider partnerships to the executive suite.
Excellent verbal, written, and presentation skills. Ability to speak articulately in high-level forums and to answer difficult questions with confidence.
Effective ability to bring clarity to complex issues and coach problem-solving techniques, with the ability to model a creative and proactive ‘can-do’ attitude and lead change as needed.
An individual of unquestioned integrity and moral character who represents the values of the organization.
Fluent in ERP/financial software systems including Oracle Cloud, and ability to harness information for presentation and insights.
What you’ll gain as the Director of Financial Operations
Opportunity to work at a world-class organization, engaging numerous stakeholders, with the mission to help the organization achieve high performance outcomes.
Transform financial performance and community health within an academic medical center that positively impacts the organization.
Partner with leaders to develop and execute operational, quality and strategic long-term plans with a relentless pursuit of excellence.
What you’ll do as the Director of Financial Operations
Provide leadership, direction and supervision through a Shared Services model for accounting, strategic finance, business referral patterns, and revenue analysis and payer structures.
Support the System Vice President and Service Line Leaders in developing and setting the financial strategy and direction for UCM operations in Harvey, IL and Crown Point, IN to drive financial performance.
Develop and implement best-in-class financial and analytic operations leading to optimal financial effectiveness, service excellence and clinical quality.
Work closely with departmental leaders by acting as a business partner to assist with budget preparation, while providing ongoing communication of financial, productivity, resource utilization performance, leakage, KPIs to benchmark variance review along with other financial performance indicators.
Lead the development and preparation of all financial plans including annual operating and capital plans, and support the Health System’s long-range financial plans and performance improvement initiatives for presentation to executive leadership.
Analyze and report on variances to budget and work with departmental and divisional management to develop corrective action plans to meet financial performance goals.
Analyze the regional financial and operational position based on current, past and future trends and budgeted levels using variance analysis, benchmarks, productivity targets, cost, supply consumption, and established plans.
Ensure policy and procedure manuals are maintained, reviewed, and revised annually and are available for audit and control purposes.
Participate in the interview, selection, orientation and ongoing development of management and professional employees in the department to ensure a highly engaged top-performing team.
Foster efforts to positively impact the organization’s visibility, image, and relationship with its surrounding community.
Lead, develop and mentor team members to support the financial operation by leveraging strengths and advancing skill sets. Promote a positive and collaborative work culture.
E4 Leadership E4 Leadership (Equity, Engage, Evolve, Excel) is a Patient-Centered Management System that empowers teams to improve daily. This is done through daily readiness huddles, real-time process monitoring, performance review huddles and structured problem solving. E4 Leadership is an evolving system where leaders work together to cultivate a culture of equity and continuous improvement.
Each person to realize their full potential for contribution
The organization to achieve high performance outcomes
System-wide integration, coordination, and seamless execution
Clear focus on exceptional, equitable patient care and experiences
As part of the leadership team, this position will be instrumental in reinforcing and sustaining UCM’s E4 Leadership culture.
Why Join Us For nearly a century Ingalls Memorial has pioneered sophisticated clinical care and developed the area’s most convenient network of comprehensive outpatient centers, all dedicated to improving the health and wellbeing of the community. Now, partnered with UChicago Medicine, we have expanded our network of expert physicians, convenient facilities and scope of service to speed your healing process and help navigate your path to wellness. A skilled Medical Staff and talented employees dedicated to prevention, diagnosis, treatment and rehabilitation of illness and injury provide a firm foundation for our reputation for quality. We’re in this together: working to advance medical innovation, serve the health needs of the community, and move our collective knowledge forward. If you’d like to add enriching human life to your profile, UChicago Medicine Ingalls Memorial is for you. Here at Ingalls, we’re doing work that really matters. Join us!
UChicago Medicine Ingalls Memorial is growing; discover how you can be a part of this pursuit of excellence at: Ingalls Career Opportunities
UChicago Medicine Ingalls is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status and other legally protected characteristics.
As a condition of employment, all employees are required to complete a pre-employment physical, background check, drug screening, and comply with the flu vaccination requirements prior to hire. Medical and religious exemptions will be considered for flu vaccination consistent with applicable law.
Compensation & Benefits Overview UChicago Medicine is committed to transparency in compensation and benefits. The pay range provided reflects the anticipated wage or salary reasonably expected to be offered for the position. The pay range is based on a full-time equivalent (1.0 FTE) and is reflective of current market data, reviewed on an annual basis. Compensation offered at the time of hire will vary based on candidate qualifications and experience and organizational considerations, such as internal equity. Pay ranges for employees subject to Collective Bargaining Agreements are negotiated by the medical center and their respective union. Review the full complement of benefit options for eligible roles at Benefits - UChicago Medicine.
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