Senior Director, Revenue & Analytics

* Hires, manages, and develops a professional staff whose responsibilities focus on revenue recognition entries, analysis, and rate modeling.* Prepare monthly reporting comparing cash collections vs accrued revenue, including but not limited to patient care revenue, department billed clinical revenue, other contract revenue, and clinical research collections.* Perform regular Zero Balance Analysis (ZBA) to ensure that revenue collections align with contract terms and partner with the Executive Director Physician Services to understand and manage any variance or risks.* Closely monitor trends and Accounts Receivable, pre A/R volumes, aging, denials, etc.* Collaborates with Budget team and department leaders to model recommendations for building clinical revenue budgets and projections, inclusive of historical trends, growth strategies, managed care contract terms, and external market factors.* Monitors key indicators and variances in clinical revenue at various levels of granularity, identifying and communicating to potential areas for process improvement, enhanced financial performance, and risk areas for proactive solutions.* Creates and oversees IT analytics in the implementation, maintenance, and enhancements of timely and interactive data-driven dashboards that provide visibility into drivers of net revenue, with key clinical revenue indicators, trends, and variance analysis to support strategic planning, operational optimization and proactive decision making.* Presents clinical revenue findings and data-driven recommendations to BSD leadership and other stakeholders, providing insights into net revenue trends and variances.* Partner with the Executive Director, Physician Services, to model revenue impact of contract changes, including changes to Medicare rates, leveraging Vizient and other tools.* Partner with the Sr. Director of Accounting and Financial Reporting to ensure integrity of reported revenue and AR valuation.* Manages applicable accounting and financial records, ensuring the integrity of general ledger transactions, financial reports, and appropriate AR / net revenue valuations; monitors and reports on contractual adjustments and bad debt. Manages year end audit workpapers and responds to audit questions.* Ensures timely and accurate reporting of all accounting transactions related to clinical and academic revenue.* Partners with UCM and FP&A staff to track the cash and revenue recognition of Funds Flow payments from UCM, Ingalls and other entities.* Coordinates and manages development of annual operating budgets for UCPG operations, including variance analysis and reporting.* Directs the development and implementation of related accounting transactions and processes; evaluates and operationalizes new opportunities for efficiencies between Epic, the integrated cube, and Oracle.* Manages and coordinates external reporting for financial surveys related to revenue.* Serves as key contact person for departmental and divisional administrators for questions relating to clinical revenue recognition, including developing standard operating procedures to ensure best practices in revenue recognition, discounting, etc.* Works closely with physician contracting, managed care, and revenue cycle offices to incorporate contract negotiations and historical trends into collection rates and budgets; assists in associated analysis.* Oversee UCHP financial reporting and budget preparation, participates in Management and Strategy Committee meetings.* Engages with and leverages AI tools to optimize financial work flows, analysis, and decision making.* Participates in projects and committees relating to funds flow design, monitors associated revenue compared to budget and overall expectations, and addresses material variances.* Manages managers and professional staff. Establishes performance goals, allocates resources and assesses policies for direct subordinates.* Advises on accounting transactions, collecting and analyzing accounting data, analyzing business results, and/or developing management reports.* Performs other related work as needed.* Exceptional communication, organizational, and project management skills.* Strong process reengineering abilities, with experience in implementing new systems.* Ability to work closely and lead collaboratively across functions and with senior divisional leadership, as well as departmental administration.* Proficiency with data analytics and reporting tools.* Ability to work effectively under considerable time pressure on high visibility items.* Knowledge of various financial principles, practices, and applications.* Solid understanding of healthcare billing and revenue cycle dynamics.* Strong project management, analytical, and organizational skills.* Ability to understand a workflow and visualize it for other users.* High level of independent analysis strongly preferred.* Advanced skills in financial and statistical analysis.When applying, the document(s) **MUST** be uploaded via the **My Experience** page, in the section titled **Application Documents** of the application.The University of Chicago is an urban research university that has driven new ways of thinking since 1890. Our commitment to free and open inquiry draws inspired scholars to our global campuses, where ideas are born that challenge and change the world.We empower individuals to challenge conventional thinking in pursuit of original ideas. Students in the College develop critical, analytic, and writing skills in our rigorous, interdisciplinary core curriculum. Through graduate programs, students test their ideas with UChicago scholars, and become the next generation of leaders in academia, industry, nonprofits, and government.To learn more about the university click here
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