Job Description - Director MG Financial Planning Strategic Initiatives (781387)
Job Description
Director MG Financial Planning Strategic Initiatives - ( 781387 )
Description
ABOUT UT SOUTHWESTERN MEDICAL CENTER
The University of Texas Southwestern Medical Center ranks among the top academic medical centers in the world. Its faculty members - who are responsible for a broad array of groundbreaking biomedical research advances - are respected for their dedication to teaching and patient care. The medical center has four degree-granting institutions: UT Southwestern Medical School, UT Southwestern Graduate School of Biomedical Sciences, UT Southwestern School of Health Professions and the UT Southwestern School of Public Health. The schools train about 3,700 medical, graduate, and allied health students, residents, and postdoctoral fellows each year.
UT Southwestern was named one of the Top 5 Best Organizations for Leadership Development (BOLD) Award winners by the National Center for Healthcare Leadership (NCHL) in 2022. The NCHL conducts a survey of health care organizations across the U.S. every other year to assess all components of organizations' efforts to prepare and develop leaders.
A great medical center offers outstanding patient care in addition to fine teaching and innovative research. We emphasize compassionate medical treatment. UT Southwestern's physicians are equipped to bring the latest laboratory findings to each patient. We provide inpatient care to nearly 117,000 people and oversee approximately 3 million outpatient visits annually. UT Southwestern has approximately 21,000 employees and an operating budget of approximately $4.1 billion.
POSITION SUMMARY
The Director would be responsible for identifying and leading initiatives to improve the financial reporting and analysis for the Medical Group and Health System. Responsible for review, development, recommendation, implementation, and monitoring of strategic priorities related to the Faculty Practice Plan, Health System, and all other components comprising the total Medical Group Fund. Supports and leads the financial planning and analysis activities for UT Southwestern Clinical Departments, Health System Clinics and Service Lines. Review and provide feedback on financial projections for new clinical initiatives. Oversee decision support analyses and reporting provided to service lines and various clinical departments.
EXPERIENCE AND EDUCATION
REQUIRED
Bachelor's degree in Finance, Accounting, or a related field,
Ten (10) years related financial or revenue cycle experience in complex, large organizations, required.
Experience in healthcare.
PREFERRED
JOB DUTIES
Direct and manage the financial reporting and analysis for the UTSW Health System Managed Clinics to include financial support for the AVP, COO of Ambulatory Operations, AVP, Pediatric Service Line and AVP, Primary Care Service Line. Produce accurate and timely monthly financial statements for each regional center and provide budget variance explanations to Ambulatory Operations leadership. Recommend changes which could improve financial performance for the regional centers and service lines.
Responsible for developing and monitoring an annual operating budget for the overall Medical Group in conjunction with Departmental Leadership. Lead monthly financial reporting and analysis to identify root causes for missing budget targets.
Assist Medical Group CFO in identifying initiatives that support the medical group's ability to achieve its strategic and financial objectives.
Leads complex Finance projects that advance UTSW's strategic/financial objectives and contribute to the organization's long-term success.
Establishes linkages between projects/initiatives and identified business strategies using methods such as financial analysis and stakeholder assessments.
Review of financial performance results of projects/initiatives to ensure objectives are achieved on time and within budget.
Provides analysis and delivers insight which links financial reports to business strategies.
Participates in strategic planning to ensure that goals are aligned and contribute toward revenue enhancement, cost containment and maximizing productivity.
Analysis of Revenue Cycle performance to include identification of areas for improvement to maximize physician revenue in conjunction with the AVP of Revenue Cycle.
Responsible for the decision support monthly meetings to ensure proper business rules are utilized to analyze cost. Perform analyses and make recommendations on complex financial methodologies involving driver-based revenue and expense projections, cost allocations, workforce planning and staffing, and related industry benchmarking data. Identify opportunities for automation and standardization in conjunction with the Hospital Decision Support team to achieve a total Health System decision support analysis
Oversees the work of financial managers and staff. Provides feedback, coaching, and opportunities for career development.
Performs other duties as assigned.
WORKING CONDITIONS
Work is performed primarily in a general office area.
This position is security-sensitive and subject to Texas Education Code 51.215, which authorizes UT Southwestern to obtain criminal history record information. UT Southwestern Medical Center is committed to an educational and working environment that provides equal opportunity to all members of the University community. As an equal opportunity employer, UT Southwestern prohibits unlawful discrimination, including discrimination on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity, gender expression, age, disability, genetic information, citizenship status, or veteran status.
UT Southwestern Medical Center is committed to an educational and working environment that provides equal opportunity to all members of the University community. In accordance with federal and state law, the University prohibits unlawful discrimination, including harassment, on the basis of: race; color; religion; national origin; gender, including sexual harassment; age; disability; citizenship; and veteran status. In addition, it is UT Southwestern policy to prohibit discrimination on the basis of sexual orientation, gender identity, or gender expression.
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