GENERAL SUMMARY:
The Director of Finance for Henry Ford Madison Heights Hospital and Warren Hospital provides financial leadership for Hospital & Support Services, supporting executive and operational leaders. Additionally. the leader will direct and oversee financial related activities including, but not limited to, financial reporting, budgeting, forecasting, expense management, service line profitability, financial analysis, business plans, productivity, benchmarking, and other financial information to support operations in the identification and implementation of financial improvement plans and strategic planning. The Director ensures achievement of financial objectives and alignment with the Henry Ford Health system to meet operational and strategic goals and expectations. The position reports to the Regional Vice President of Finance for the East Region
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Accountable for the monthly financial reporting process to ensure leadership receives timely and accurate data. Provides explanation of variances and advises management as to the areas of significant variance from plan. Prepares reports for leadership, boards and finance committees.
Directs the annual budget process as well as short- and long-term financial forecasting and ensures consistency with HFH system guidance.
Provides financial leadership and operational support relative to the implementation of business opportunities, challenges and risks, including financial analysis, critical review of programs and services and relevant capital expenditures.
Oversees financial reporting for HFH to help monitor revenues and expenses against budget while working with operational leaders to help identify improvement opportunities.
Collaborates and partners with HFH Strategic Planning in the development of short- and long-term strategic plans for all services within HF Detroit.
Develops business plans to determine financial viability, to ensure that financial resources are optimized, and short- and long-term goals are achieved.
Partners with reimbursement and revenue cycle teams to maximize net revenue through development of payor contracting strategies, approach to cost reporting, charge capture, billing process efficiencies, underpayment reviews, and other revenue-centric functions.
Collaborates with service line leaders (Finance and Operations) on growth initiatives related to HF East Region to achieve financial performance goals.
Monitors financial systems to ensure data integrity and proactively identifies opportunities to improve processes and increase value of financial activities.
Leads multidisciplinary teams and committees pertaining to hospital strategic and/or growth initiatives. Manages and completes special projects and serves on various committees as assigned.
Understands and promotes continuous quality improvement through process redesign and re-engineering, leading key teams, as appropriate, to enhance the quality and delivery of service. Model behaviors that support continuous learning and empowerment through team leadership.
Coaches and mentors through formal and informal relationships to further the develop of talented future Finance leaders.
Serves as an expert and educational resource in the Finance field for team members and operational leaders.
Maintains a working knowledge of applicable Federal, State and local laws and regulations, the Corporate Compliance Program, Code of Ethics, as well as other policies and procedures in order to ensure adherence in a manner that reflects honest, ethical and professional behavior.
EXPERIENCE REQUIRED :
Approximately 7 years progressively more responsible work-related experience required.
Minimum of 3 years of healthcare experience required.
Management or supervisory experience preferred.
Experience developing business plan/return on investment processes
Prior experience with budgeting and forecasting
Skilled in productivity management and operational benchmarking
EDUCATION REQUIRED:
Bachelor's Degree is required with a preferred emphasis in Accounting or Finance. Master's Degree preferred.
Additional Information
Organization: Corporate Services
Department: Ascension Finance
Shift: Day Job
Union Code: Not Applicable
Additional Details
This posting represents the major duties, responsibilities, and authorities of this job, and is not intended to be a complete list of all tasks and functions. It should be understood, therefore, that incumbents may be asked to perform job-related duties beyond those explicitly described above.
Overview
Henry Ford Health partners with millions of people on their health journey, across Michigan and around the world. We offer a full continuum of services - from primary and preventative care to complex and specialty care, health insurance, a full suite of home health offerings, virtual care, pharmacy, eye care and other health care retail. With former Ascension southeast Michigan and Flint region locations now part of our team, Henry Ford's care is available in 13 hospitals and hundreds of ambulatory care locations. Based in Detroit, Henry Ford is one of the nation's most respected academic medical centers and is leading the Future of Health: Detroit, a $3 billion investment anchored by a reimagined Henry Ford academic healthcare campus. Learn more at henryford.com/careers .
Benefits
The health and overall well-being of our team members is our priority. That's why we offer support in the various components of our team's well-being: physical, emotional, social, financial and spiritual. Our Total Rewards program includes competitive health plan options, with three consumer-driven health plans (CDHPs), a PPO plan and an HMO plan. Our team members enjoy a number of additional benefits, ranging from dental and eye care coverage to tuition assistance, family forming benefits, discounts to dozens of businesses and more. Employees classified as contingent status are not eligible for benefits.
Equal Employment Opportunity/Affirmative Action Employer
Equal Employment Opportunity / Affirmative Action Employer Henry Ford Health is
committed to the hiring, advancement and fair treatment of all individuals without regard to
race, color, creed, religion, age, sex, national origin, disability, veteran status, size, height,
weight, marital status, family status, gender identity, sexual orientation, and genetic information,
or any other protected status in accordance with applicable federal and state laws.
