Senior Director, Revenue & Analytics

Job Summary

The job manages multiple teams of managers and professional staff responsible for establishing and maintaining accounting policies and controls, fiscal controls, preparing financial reports and safeguarding the assets. Develops strategy for accounting and financial records and reports. As a member of BSD’s Accounting and Financial Reporting leadership team, this position plays a key role in overseeing and reporting multi‑faceted net revenue performance across the division for the clinical and academic missions. The Senior Director of Revenue and Analytics is responsible for BSD revenue from all missions with particular focus on all streams of clinical revenue, clinical trial revenue, funds flow revenue, and UC health plan revenue. This includes assessing revenue valuation as well as accounts receivable (A/R) and cash management. The senior director will build and maintain advanced analytics and optimize reporting and accounting processes to ensure in‑depth understanding of revenue recognition and cash flow for UCFP and the BSD. The Sr Director will advise on revenue risks and performance relative to budget, including all revenues accrued vs. cash received. Partnering across the finance team, ensure that annual budgets/plans, actual performance and valuations of patient care revenue are aligned with the organization’s overall expectations and growth strategies.

Responsibilities

• 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.
• Collaborate 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.
• Monitor 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.
• Create and oversee 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.
• Present 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.
• Manage applicable accounting and financial records, ensuring the integrity of general ledger transactions, financial reports and appropriate AR / net revenue valuations; monitor and report on contractual adjustments and bad debt. Manage year‑end audit workpapers and respond to audit questions.
• Ensure timely and accurate reporting of all accounting transactions related to clinical and academic revenue.
• Partner with UCM and FP&A staff to track the cash and revenue recognition of Funds Flow payments from UCM, Ingalls and other entities.
• Coordinate and manage development of annual operating budgets for UCPG operations, including variance analysis and reporting.
• Direct the development and implementation of related accounting transactions and processes; evaluate and operationalize new opportunities for efficiencies between Epic, the integrated cube, and Oracle.
• Manage and coordinate external reporting for financial surveys related to revenue.
• Serve 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.
• Work closely with physician contracting, managed care, and revenue cycle offices to incorporate contract negotiations and historical trends into collection rates and budgets; assist in associated analysis.
• Oversee UCHP financial reporting and budget preparation, participate in Management and Strategy Committee meetings.
• Engage with and leverage AI tools to optimize financial workflows, analysis, and decision making.
• Participate in projects and committees relating to funds flow design, monitor associated revenue compared to budget and overall expectations, and address material variances.
• Manage managers and professional staff. Establish performance goals, allocate resources and assess policies for direct subordinates.
• Advise on accounting transactions, collecting and analyzing accounting data, analyzing business results, and/or developing management reports.
• Perform other related work as needed.

Education

Minimum requirements include a college or university degree in a related field.

Work Experience

Minimum requirements include knowledge and skills developed through 7+ years of work experience in a related job discipline.

Preferred Education

Master’s degree in a related field or CPA.

Preferred Experience

• 10+ years of progressive work experience in Health Care or Academic Medical Center financial analysis, data modeling, reporting, and budgeting preferred.

Preferred Competencies

• 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.

Working Conditions

• Office environment.

Equal Opportunity Employer

The University of Chicago is an equal‑opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

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