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Day - 08 Hour (United States of America)
This is a Stanford Health Care job.
A Brief Overview
The Strategic Finance Manager is responsible for providing tactical solutions to support the strategic direction of Stanford Health Care through complex analytic efforts, findings, and pricing of services. This role is responsible for creating, scoping, planning, and prioritizing informatics projects, including the development and implementation of pro-ration models to arrive at expected net revenue. The Manager works with hospitals to establish and meet their analytic needs. This position also works with the Vice President and Senior Directors of Managed Care to explore, research, and validate various models for healthcare delivery funding, utilizing extensive predictive modeling techniques to forecast trends, patterns of care, expected cost, and population risk.
Locations
Stanford Health Care
What you will do
In collaboration with the VP and Directors of Managed Contracting, develops contracting strategies based on sound analytical insights and in-depth understanding of market dynamics.
Leads analytical and decision support functions for Managed Care Department including professional and hospital payer agreements.
Participates in tactical discussions and planning as well as external negotiations to optimize financial and strategic outcomes of contractual agreements.
Evaluates financial risks and operational feasibility of proposed new healthcare delivery and funding models such as ACO, Bundled Payment, Modified Capitation, Performance Based Reimbursement, and Employer-specific Agreement.
Provides analytical insights and actionable recommendations to senior leadership by distilling complicated models and information into intelligible analyses and presentations.
Directs the selection and implementation of specialized healthcare analytics software and process enhancements designed to streamline modeling efforts, ensuring the team leverages modern automation to support complex strategic pricing and negotiation efforts.
Collaborates with other departments and teams in support of Stanford Healthcare's strategic objectives.
Information Management:- Treats all information and data within the scope of the position with appropriate confidentiality and security.- Follows all policies developed by the Information Systems Department to support change management, confidentiality, and security.- Respects the dignity, confidentiality and privacy of patients.- Maintains organizational, employee, and patient confidentiality at all times.
Risk Management:- Cooperates fully in all risk management activities and investigations.- Reports promptly any suspected or potential violations to laws, regulations, procedures, policies and practices, and cooperates in related investigation.- Conducts all transactions in compliance with all company policies, procedures, standards and practices.- Demonstrates knowledge of all applicable compliance and legal requirements of the job based on the scope of practice of the position.
Education Qualifications
Bachelor's Degree in Finance, Statistics, Mathematics, Economics, Healthcare Administration, or a related quantitative field required.
Experience Qualifications
10+ years of experience in healthcare data analysis and financial modeling. At least 5-7 years specifically within Managed Care (either on the Provider or Payer side) required.
Required Knowledge, Skills and Abilities
Exceptional analytical, problem solving and critical thinking skills
Strong service orientation and consulting skills
Proven ability to work collaboratively with all levels of management
Ability to lead mission-critical, high visibility projects
Proven ability to juggle multiple complex priorities within a rapidly changing environment
Highly developed communications skills (both written and verbal)
Knowledge of managed care required
Knowledge of health care coding including CPT-4, HCPCS, ICD-9, DRG and Revenue Codes required
These principles apply to ALL employees:
SHC Commitment to Providing an Exceptional Patient & Family Experience
Stanford Health Care sets a high standard for delivering value and an exceptional experience for our patients and families. Candidates for employment and existing employees must adopt and execute C-I-CARE standards for all of patients, families and towards each other. C-I-CARE is the foundation of Stanford's patient-experience and represents a framework for patient-centered interactions. Simply put, we do what it takes to enable and empower patients and families to focus on health, healing and recovery.
You will do this by executing against our three experience pillars, from the patient and family's perspective:
Know Me: Anticipate my needs and status to deliver effective care
Show Me the Way: Guide and prompt my actions to arrive at better outcomes and better health
Coordinate for Me: Own the complexity of my care through coordination
Equal Opportunity Employer Stanford Health Care (SHC) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SHC does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity and/or expression, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.
Base Pay Scale: Generally starting at $62.75 - $83.16 per hour
The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to, internal equity, experience, education, specialty and training. This pay scale is not a promise of a particular wage.
At Stanford Health Care, we seek to provide patients with the very best in diagnosis and treatment, with outstanding quality, compassion and coordination. With an unmatched track record of scientific discovery, technological innovation and translational medicine, Stanford Medicine physicians are pioneering leading edge therapies today that will change the way health care is delivered tomorrow.
As part of our spirit of discovery, we also leverage our deep relationships with luminary Silicon Valley companies to develop new ways to deliver preeminent patient care.
Learn about our awards (https://stanfordhealthcare.org/about-us/awards.html) and significant events (https://stanfordhealthcare.org/about-us/our-history.html) .
