Director of Strategic Financial Planning & Analytics

Under the direction of the Harvard Medical Faculty Physicians (HMFP) at BIDMC Sr. Finance Director & Controller, the Director of Strategic Financial Planning and 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 impact financial outcomes in the healthcare industry.

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.
• Uses various software applications such as desktop tools, spreadsheets, report writing software, statistical software, graphical presentation tools, and Business Intelligence applications (such as Power BI) to assemble, manipulate and/or format data.
• Maintain Business Intelligence models to design, develop and generate both standard and ad-hoc reports.
• Demonstrated SQL skills with extensive experience in developing Business Intelligence solutions (preferred).
• 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.
• Partner 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 craft solutions for business problems related or tangential to the project.
• Oversee and manage the day-to-day operations of the HMFP financial analysis staff.
• 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.
• 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 actionable intelligence. Advanced problem solving and analytical ability.
• Strong skills to collect, organize and analyze data, produce actionable reports, and recommend improvements and solutions.
• In-depth knowledge of documentation and reporting, with the ability to run complex studies, collect and analyze financial and performance data, and produce relevant, meaningful reports, analyses, and forecasts.
• Understanding of healthcare/ physician practice reimbursement models required.
• Advanced organization and project management skills, and the ability to leave a team, prioritize tasks, and see projects through from inception to completion on schedule.
• Must be able to work well in team-focused environment and communicate well with physicians and executive leadership.
• Strong interpersonal, verbal and written communication, problem-solving, and decision-making skills required.
• Demonstrated, progressive experience in healthcare revenue cycle analytics, including managing healthcare data projects end-to-end.
• Excellent attention to detail with proven ability to work across multiple projects and successfully adapt in a fast-paced, high-growth, and rapidly changing environment
• Advanced skills with Microsoft applications which may include Outlook, Word, PowerPoint or Access and other web-based applications.
• May produce complex documents, perform analysis and maintain databases.
• Experience working with EPIC software and analytical tools, including report dashboard and development (preferred)

Pay Range: $170,000 - $195,000

The base pay range reflects what Harvard Medical Faculty Physicians at Beth Israel Deaconess Medical Center (HMFP) reasonably and in good faith expects to pay for this role at the time of posting and may be modified from time to time. Actual compensation within this range may be determined based on several factors, including academic appointment, work experience, specialty training, geography of work location, anticipated productivity, FTE basis, and role expectations. In addition to base compensation, this role may be eligible for performance-based incentives, which may include bonuses for productivity and quality HMFP also offers a comprehensive and generous employee benefits program to eligible employees, including health, dental, vision, life, and disability insurance, as well as retirement plan(s) with employer contributions.