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Company: MedStar Health
Location: Baltimore, MD
Career Level: Associate
Industries: Not specified
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Description

About the Job

General Summary of Position
Directs the day-to-day administrative operational and financial domains of the Department of Emergency Medicine in consultation with the Chair and Executive Director. Develops strategies and standards for the department in line with hospital senior management and MedStar Medical Group management expectations.

Primary Duties and Responsibilities


  • Assumes a lead role in negotiating and administering major contracts for goods services and equipment with selected vendors and provides expenditure and contract status reports to management in consultation with Purchasing. Manages selected purchasing engagements by participating in the negotiation of contracts with large vendors and directs procurement of selected large capital equipment of assigned cost centers.
  • Conducts reviews of Departmental policies and procedures making/recommending changes as necessary/appropriate for assigned cost centers to achieve their goals/performance objectives/expectations.
  • Creates a strategic plan for the Department/assigned cost centers in concert with the Chair Executive Director and management which includes ongoing daily activities as well as special projects which provide vision to/for the various departments. Defines roles so there is a clear understanding of performance objectives and expectations.
  • Develops accounting systems in conjunction with senior finance leadership and administers budgets for assigned cost centers. Analyzes budget variances and statistical reports performing financial analyses and financial expertise to achieve and/or maintain established financial objectives. Identifies problems and advises the Chair Executive Director and MedStar Medical Group leadership of causes for variance and implements corrective measures as appropriate.
  • Develops proposals for new lines of business which include writing proposals developing graphics developing business plans.
  • Develops implements monitors and assists with strategic long-range planning and forecasting programs in conjunction with the Chair Executive Director and MedStar Medical Group leadership to maintain assigned objectives. Reviews and analyzes internal and external financial trends and activities.
  • Directs the day-to-day fiscal and administrative operations of assigned departments including but not limited to: budget and finance human resources short and long range planning and legal and regulatory compliance. Seeks opportunities for improvement and growth opportunities as appropriate. Serves as Department Financial Manager (DFM) for assigned departments.
  • Interviews hires orients trains counsels and as necessary disciplines/discharges subordinate personnel. Develops overall comprehensive recruitment and retention strategy/ies to ensure staffing levels are safe and fit the needs of the department. Works with MMG on provider recruitment efforts and activities.
  • Participates in MedStar's quantitative measures of success indicators such as patient physician and employee satisfaction accreditation variance reports etc. and responds appropriately to the results.
  • Provides leadership in the development and growth of subordinates and staff which will include ongoing training and education program(s). Remains current in own knowledge of business/medical administration through own reading participation at seminars and training etc.
  • Serves on Emergency Medicine Clinical Service line committees as the administrative dyad to the Physician Lead (Finance Growth Quality/Safety Engagement Operations Improvement). Provides administrative financial project management support analysis and direction for the Committee.
  • Develops implements monitors and assists in creating coding and billing pathways for new lines of business i.e. telehealth consultations.
  • Completes periodic assessments of revenue metrics including charge capture rejection analysis lag and additional indicators of a healthy revenue cycle. Works with MPBS to develop new reports as needed. Trains and ensures service line administrators are familiar with key reports.
  • Interfaces with coding vendor compliance and department leaders (clinical and administrative) to ensure compliant maximization of revenue via clinical documentation improvement. Aids in developing new documentation workflows and clinical note templates.
  • Assists in adapting revenue cycle components to new technology including but not limited to: Clinical Decision Support tools Clinical Documentation Improvement Workflows registration system changes etc.
  • Manages all components of revenue cycle vendor transition including pre-transition assessment facilitating communications across stakeholders testing file transfers and monitoring progress of key project milestones.
    • Minimal Qualifications
    Education
    • Master's degree in Healthcare Administration strongly preferred or
    • equivalent combination of education and relevant experience required
    Experience
    • 5-7 years Progressively more responsible job-related experience required
    Licenses and Certifications
    • No special certification registration or licensure required
    Knowledge Skills and Abilities
    • Ability to establish goals and policies for the area of responsibility subject to senior management review.
    • Broad decision-making authority.
    • High level of problem-solving due to the complexity of the situations encountered.
    • Strong interpersonal skills.

    This position has a hiring range of

    USD $114,004.00 - USD $219,960.00 /Yr.


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