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Exemption Status:

Exempt

Schedule Details:

Monday through Friday

Scheduled Hours:

8am - 5pm

Shift:

1 - Day Shift, 8 Hours (United States of America)

Hours:

40

Cost Center:

99940 - 5552 Strategic Financial Plan Ana

This position may have a signing bonus available a member of the Recruitment Team will confirm eligibility during the interview process.

Everyone Is a Caregiver

At UMass Memorial Health, everyone is a caregiver – regardless of their title or responsibilities. Exceptional patient care, academic excellence and leading-edge research make UMass Memorial the premier health system of Central Massachusetts, and a place where we can help you build the career you deserve. We are more than 16,000 employees, working together as one health system in a relentless pursuit of healing for our patients, community and each other. And everyone, in their own unique way, plays an important part, every day.

Acts as a Business Partner to various clinical departments and service lines. Primary responsibilities cover financial and performance management support for several service lines.

Responsible for the coordination of many financial functions related to clinical department and service line performance reporting and functions as the primary liaison between the clinical service and Department of Finance. Operates under the guidance of the Director and Sr. Business Partners.

I. Major Responsibilities:

Education and Guidance:
1. Functions as the Finance Business Partner to the clinical and operational service lines.  Provides education and guidance for department and service line leaders related to sources of financial and operational data and reports. 
2. Functions as the subject matter expert regarding management reports provided to department and service line leaders and functional area managers.  
3. Provides training and interpretation to clinical managers. 
4. Reports inclusive of Medical Center and Medical Group detailing financial performance reports, budget reports, productivity report and various scorecards or dashboards.
5. Service line activities may include member and affiliate hospitals.  Provides feedback and input to report development and performance analysis.  

Budget Support:
1. Provide assistance to Vice Presidents, managers, and service line leaders in developing operational budgets. 
2. Review intercompany transactions and provide recommendations for changes in funding based on funds flow principles and SLAs representing services purchased/provided and/or investments being made. 
3. Provide financial analysis when appropriate.  
4. Assist in revenue and cost initiatives, track initiatives and report on progress. 
5. Meet with Vice Presidents, managers and service line leaders on a monthly basis to review performance.  
6. Assist frontline manager in the development of recovery plans in areas not performing to budget. 
7. Train managers in the use of the variance reporting system and development of recovery plans.

Performance Tracking and Reporting:
1. Meets regularly (at least monthly) to review various financial performance, operational and scorecard reports. 
2. Assist in the development of reports and scorecards that will be meaningful and actionable to the service line leaders and managers. 
3. Identifies significant variances and trends, presents progress reports to the service line leaders and senior leadership and makes recommendations for corrective action as necessary. 
4. Follows up on questions from department and service line leaders and provide more in depth analysis on various items as requested.

Opportunity Identification:
1. Assist department and service line leadership in identifying various opportunities for performance improvement in the areas of volume growth, revenue improvement and expense reduction.  
2. Coordinates with other finance departments to provide the needed data and information for analyzing such opportunities including revenue cycle analysis around charge capture, denials/write-offs, billing issues, etc. 
3. Identifies expense opportunities utilizing benchmarking and productivity analyses.

Strategic Business Planning:
1. Participates in service line planning activities such as the coordination of proposed business plans for various enhanceme