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Company: MedStar Medical Group
Location: Baltimore, MD
Career Level: Mid-Senior Level
Industries: Not specified

Description

Serves as Regional Financial Manager with administrative responsibility and accountability for the management and direction of the financial activities of Perioperative Services. Monitors expenditures and revenue to ensure compliance with departmental goals. Develops and maintains reporting methodologies to track project and/or cost savings. Supports strategic planning and decision-making with financial statistics and operational recommendations. Serves on hospital-wide and corporate committees to advance cost and performance improvements.
Education

  • Bachelor's degree In Finance, Healthcare, Accounting, or other related field required
  • Master's degree MBA/MHA preferred
Experience
  • 3-4 years Previous experience in healthcare setting. required
Knowledge, Skills, and Abilities
  • Verbal and written communication skills; Basic computer skills required.
  • Directs and manages service-wide budgetary resources to achieve financial and business goals.
  • Facilitates budget and financial decision-making. Monitors P&Ls and provides monthly variance reporting.
  • Oversees surgical billing for the Baltimore region.
  • Plans, forecasts, recommends, develops, coordinates, prepares, and monitors, departmental operations, labor, and capital budgets for the Baltimore region.
  • Monitors expenditures to ensure compliance with departmental financial goals, including oversight of all expense account management for all cost centers.
  • Develops standards of performance, evaluates performance, and conducts performance management planning. Initiates or makes recommendations for personnel actions. Maintains ongoing communication with subordinates to review programs, provide feedback, discuss new developments, and exchange information.
  • Participates in meetings and on committees and represents the department and business unit in community outreach efforts.
  • Participates in multidisciplinary quality and service improvement teams and maintains effective working relationships with other departments.
  • Monitors business practices and operations to include materials and inventory management, purchasing, and patient charges/reimbursement for all Perioperative Services cost centers.
  • Provides monthly analysis and reporting of variances. Provides cost and volume information including identification of cost-effective alternatives, product evaluation, promoting product standardization, and maximizing contractual agreements.
  • Monitors reconciliation of revenue and charge capture. Participates in activities to maintain compliance with regulatory bodies.

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