Dir-Financial Decision Support

Reid Health

About The Position

The Director of Financial Decision Support is responsible for directing the strategic development, implementation, and maintenance of all financial decision support functions for the organization including financial analysis, forecasting, service line reporting and analysis, long range financial planning, and cost accounting.

Requirements

Bachelor’s degree in Accounting or Finance required
Five or more years of related experience in healthcare required

Responsibilities

Conducts complex analysis on large data sets and develops regular and ad-hoc reports for leadership to assist in the decision-making process
Sets pricing at year end for all service codes to stay in compliance with Anthem or any other contracts and maximizing net revenue in the process
Provide financial information on the Hospital downstream from RHPA providers
Oversees development and enhancement of forecast models to improve organization performance and advise management on gaps of bottom-line performance improvement
Assists in identifying ways to increase net revenue and reducing operating expenses for the organization
Assists in preparation of the annual operating plan and long-range planning.
Creates and evaluates ROI models for business planning of potential new service lines, capital, and staffing
Performs post-audit review of identified capital projects
Coordinates documentation of financial improvement plans, establishes system requirements for reporting, and tracks achievement of objectives
Participates in and supports the strategic planning process for the organization through business plan development and review, service line analysis, and cash flow modeling.
Manages and maintains cost accounting system to use for service line reports, reports by financial class, reports by provider, and reports by county
Helps train personnel within the organization regarding use of specialized and analytical reports as well as reporting tools
Assists VPs and Department Directors or Managers with financial requests
Provides financial data for consultants and reviewing their findings to assure they are reasonable.
Performs other duties as assigned