Director Financial Planning and Analysis

Recruiter
HonorHealth
Location
Scottsdale, Arizona, United States
Salary
Competitive salary
Posted
27 Oct 2020
Closes
29 Oct 2020
Ref
28930
Experience level
Director
Overview

HonorHealth is a non-profit, local community healthcare system serving an area of 1.6 million people in the greater Phoenix area. The network encompasses five acute-care hospitals, an extensive medical group, outpatient surgery centers, a cancer care network, clinical research, medical education, a foundation and community services with approximately 12,300 employees, 3,700 affiliated physicians and 3,100 volunteers.

HonorHealth was formed by a merger between Scottsdale Healthcare and John C. Lincoln Health Network. HonorHealth's mission is to improve the health and well-being of those we serve.

Responsibilities

Job Summary
This position will develop, prepare, interpret and monitor moderate-to-complex financial analyses, financial projections, financial modeling, and reports used by hospital and corporate leadership in decision-making. Leads the 3-5 year financial forecasting and long-term planning. Will drive continuous process improvement in operational planning, forecasting and financial analysis across the company, including long term forecasting, quarterly forecasts/reforecasting and regular revenue updates. Develop financial models and analysis to support strategic initiatives. A strong understanding of net revenue, payor reimbursement methodologies (government and private), labor productivity, supply chain, physician contracting and various supplier services will be critical to this position.
Requires the ability to think critically in order to effectively analyze data, identify problems and recommend solutions. Requires the ability to lead projects independently. Must engage as a member of a multidisciplinary team and coordinate activities regarding clinical and business data collection. Proactively researches, identifies and incorporates new data sources and industry information to provide recommendations to decision makers. Maintains collaborative spirit and fosters strong partnering relationships across Financial Operations and throughout the organization.

  • Provides financial and analytical expertise and assistance by effectively preparing and communicating long term financial forecasting including revenue growth, operational margin targets, effective expense management and overall efficiency measures as requested. Debriefs financial and operations leadership routinely on the monitoring of Financial Forecasting based on changes in reimbursement and strategic decisions.
  • Collaborates with internal departments of Information Technology, Quality Management, Finance, Managed Care, Accountable Care Organization (ACO), Physician Network, and other departments as needed to ensure efficiency and accuracy of proforma development and data collection. Provides direction and guidance to internal and external resources in assembling and presenting information and recommendations as appropriate.
  • Completes hindsight/lookback analysis of previously approved programs to validate profitability against prior projections.
  • Partners with various resources to balance prioritization of financial initiatives with those for clinical quality or patient experience. Help interpret the financial impact of any of these initiatives and track impact to the financials. May supervise personnel including planning, establishing, and revising work assignments. Interviews, selects, and hires personnel. Initiates changes in classification, salary action, promotion, demotion, transfer and termination. Settles employee problems and administers appropriate disciplinary action.
  • Performs other duties as assigned.
Qualifications

Education
Bachelor's Degree in Accounting, Finance or Healthcare/Business Administration Required

Experience
8 years experience in financial planning/analysis. Required