Director of Strategic Financial Planning Analytics

Job Description:
Job Title: Director, Strategic Financial Planning Analytics

Department Name and ID: HMFP Finance

Reports to (job title): Controller, HMFP

Grade:
Current Job Code:
FLSA Status: Exempt

Effective Date: 2024-04-24

Status:
Job Summary: Under the direction of the Harvard Medical Faculty Physicians (HMFP) at BIDMC Sr. Finance Director & Controller, the Director of Strategic Financial Planning Analytics will be responsible for developing, analyzing and distributing data needed to make strategic decisions aimed at optimizing financial performance. Areas of analytical focus will include professional billing revenue cycle, physician productivity, service line development, and overall business planning. The director will lead a team of 3-4 financial analysts and will partner closely with the HMFP Chief Financial Officer, the HMFP Senior Director of Revenue Cycle, the HMFP Corporate Finance team and departmental Chief Administrative Officers across HMFP and Beth Israel Deaconess Medical Center. The director must be able to understand how operations impacts financial outcomes in the healthcare industry.

The following statements are intended to describe the general nature and level of work being performed by individuals assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities and skills required for this position.

Primary Responsibilities:

- In collaboration with HMFP’s Senior Director of Revenue Cycle, build quality control and publish performance measurement dashboards that track revenue cycle performance over time.- Works within controls to ensure the accuracy, timeliness and confidentiality of all reports, views, dashboards, analyses and user data.-
- In collaboration with HMFP’s Director of Finance, develop an approach to utilize revenue cycle metrics to better inform the annual budget process. Provide financial analysis and pro-forma statement development to support the strategic planning efforts of the organization.- This role will be responsible for the development of the financial models used to review proposed joint ventures, enhance clinical program development, and the physician recruitment process.- Collaborate with operational leaders to develop business plans and implement a process to retroactively review the accuracy of these plans to inform future models.- Develop models to assess physician productivity metrics against industry benchmarks and synthesize data in a way that can be presented clearly and concisely.- Work in collaboration with the HMFP Controller and Senior Director of Revenue Cycle in the evaluation and implementation of comprehensive business intelligence, decision support, financial reporting, and analysis tools to improve business evaluation and management enterprise wide.- Must be able to develop, maintain, review and explain data models. In collaboration with HMFP Departments, support reconciliation of BILH affiliate contracts as necessary.- Partner with Departments and affiliates to establish reporting standards between HMFP and BILH affiliates.- Advanced written and verbal communication skills with the ability to build data-driven presentations that translate complex data analyses into crisp insights with clear recommendations.- Manage financial project portfolio. Drive organizational change taking full account of obstacles, opposition, and differing stakeholder priorities.- Act as a champion for business process changes; act behind the scenes to design solutions for business problems related or tangential to the project. Demonstrate superior collaboration skills and techniques which appropriately define alternate solutions and create lasting, productive partnerships with clients.- Actively participates in cross-functional groups to solve problems across projects.- Utilizes a network of relationships to collect and disseminate information, build support, and secure buy-in for desired objectives.- Supervisory Responsibilities - Oversee and manage the day
- to-day operations and development of the HMFP financial analysis staff including the following employment actions: hiring, termination, corrective action and performance reviews. Direct reports - 3-4 Other tasks and work as assigned.

Required Qualifications:

- Bachelor’s degree in Finance/Accounting or Healthcare Administration required.- Master’s degree in business administration, healthcare administration, accounting or finance preferred.- 10+ years related work experience in healthcare finance, operations, and/or revenue cycle.- 3-5 years in a management role; strong leadership skills and a track record of managing and motivating high-performing teams In-depth understanding of decision support systems, with knowledge of business statistics, quantitative methods, relational databases, business development score cards, data modeling, and performance and profitability analysis.- Proficiency in utilizing tools to produce comprehensive analyses and actionab