Executive Director Finance

Vanderbilt University Medical Center • Clarksville, TN • 2h ago

Key Responsibilities:

Direct supervision of hospital finance staff and other select operational departments at the discretion of the facility President, with dotted-line responsibilities to centralized Revenue Cycle, Purchasing, and Accounting teams.

Ownership of the preparation process for all budget, forecast, and long-range planning efforts for the facility, ensuring the accuracy of all future facility projections based on knowledge of current-state facility financial trends

Preparation of month-end close explanations for financial and operational leadership and active involvement in the close process to ensure that stated expenses match realized revenues in the closed period

Validation of statistical data reporting for the facility through deep knowledge of facility financial operations on a day-to-day basis

Use facility costing data to analyze key service lines and offer suggestions to the hospital President and facility leadership as to ways to focus on service lines that generate higher margins and deprioritize service lines with smaller or negative margins where appropriate

Serve as a resource to assist with processes and operational workflows in key hospital areas (including, but not limited to,

Admitting/Scheduling, Materials Management, and Case

Management/Utilization Management), with the goal being the identification of key tactics for metric improvement and cost savings (ex. reduction of avoidable days using case-mix adjusted length of stay as a guiding metric, avoidance of purchase of non-contracted supply items at higher costs, identification of process bottlenecks in front-end Revenue Cycle processes leading to denied claims)

Serve as the primary facility expert on productivity and position management to point out opportunities for staffing optimization and cost savings, using benchmark data to make data-driven decisions about the appropriateness of departmental staffing

Work collaboratively with facility managers/directors to help them financially understand their departments while pointing out opportunities for more optimal management of financial performance when warranted

General oversight of hospital day-to-day expense purchases to ensure fiscal responsibility and that items purchased are for true facility needs

Manage the capital procurement process at the facility level to ensure adherence to routine capital budgets and that the items purchased are aligned with key hospital initiatives (whether those be margin growth, patient safety, patient satisfaction, etc.)

Ensure timely and accurate reporting of all financial data to all external agencies (ex. Joint Annual Reporting to the state of TN, synthesizing data for Medicare Cost Reports)

Work with centralized Revenue Cycle teams to identify back-end collection issues stemming from front-end process issues and suggest opportunities for potential revenue

optimization/increased cash collections

Work collaboratively with all key internal stakeholders (ex. audit) to ensure process compliance with all federal and state regulations

Qualifications:

Bachelors Degree and 5 years of relevant experience with progressive responsibility in healthcare finance.

Preferred Qualifications:

MBA or advanced schooling and 10 years of relevant experience in healthcare finance.

CPA, CTP, CFP

LI-AM1

Our professional administrative functions include critical supporting roles in information technology and informatics, finance, administration, legal and community affairs, human resources, communications and marketing, development, facilities, and many more.

At our growing health system, we support each other and encourage excellence among all who are part of our workforce. High-achieving employees stay at Vanderbilt Health for professional growth, appreciation of benefits, and a sense of community and purpose.

Core Accountabilities:

Organizational Impact: Establishes function strategies with direct impact on the function results. Problem Solving/ Complexity of work: Directs the resolution of numerous strategic issues that affect own function and the broader organization. Breadth of Knowledge: Applies in-depth business knowledge across multiple areas of the business. * Team Interaction: Leads a function serving the organization at large.

Core Capabilities :

Supporting Colleagues: - Develops Self and Others: Acts upon constructive feedback from all levels of the organization and initiates strategies to develop talent in others. - Builds and Maintains Relationships: Leverages relationships and insight to forecast potential future needs and influence delivery of work to exceed expectations. - Communicates Effectively: Anticipates difference audience concerns, styles and finds mutually beneficial solutions across conflicting and sensitive issues. Delivering Excellent Services : - Serves Others with Compassion: Demonstrates in-depth knowledge of broad-based issues and considers the interests of others to improve satisfaction of services. - Solves Complex Problems: Critically evaluates complex information and identifies trends/risks to make recommendations to improve processes across areas. - Offers Meaningful Advice and Support: Provides ongoing feedback and development discussions to motivate and support team members to maximize performance .Ensuring High Quality : - Performs Excellent Work: Anticipates problems or obstacles which may interfere with quality standards

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