JOB SUMMARY
Reporting to the SVP, Corporate Finance, the VP Revenue Analytics provides executive oversite, strategic analytical insights, drives data-driven decision-making, and leadership to Revenue Analytics, Revenue Cycle Analytics, Managed Care Analytics, Contractual Maintenance, Month-End AR Reserve estimating, Pricing, and Data Warehousing, The role requires a deep understanding of healthcare reimbursement, revenue cycle, data analytics, and financial performance metrics. The Vice President Finance ? Revenue Analytics will collaborate with executive leadership to optimize revenue streams, identify operational efficiencies, and work to ensure compliance with industry regulations and changing reimbursement landscape.
A system Vice President (VP) develops strategy and business plans for one or more business units or functional areas. Business unit or area may include a level of smaller entity vice presidents (e.g. small hospitals, clinics, etc). Leads strategy development and execution, identifies resourcing needs, and provides guidance for significant tactical decisions. Focuses on current-year operations and participates in establishing multi-year strategies and business plans. Erroneous decisions at this level tend to have a long-term negative effect on the success of the organization. Leads and directs a large division, multiple departments, or a single business unit. Typically directs multiple levels of subordinate vice presidents (entity/region), directors, and/or managers covering varied disciplines and skill levels. Has managerial accountability for staffing and budgets for a large span of control (at least 2 directors/managers) or is over a critical but small staff function. Exercises wide latitude in determining objectives and approaches to critical assignments. Responsible for executing a portion of the business strategy.
ESSENTIAL FUNCTIONS
- Stakeholder Engagement: Establishes strong relationships with BSWH Leadership to support and identify opportunities, develop, implement, and report progress on revenue operational improvement plans. Provides financial expertise and support for special analysis, strategic projects and other initiatives proposed and/or assigned by the BSWH Leadership. Builds and maintains positive relationships with key stakeholders to advance organizational and project goals and effectively respond to team member and project needs. Collaborates cross-functionally to lead the development and alignment of the related metrics, policies, programs, practices, and goals.
- Education and Training: Educates and trains stakeholders on reporting, tools, revenue frameworks, reimbursement changes, and key revenue performance indicators using consistent project management standards, tools, and processes.
- Team Development: Manages and oversees the work of direct reports. Develop, coach and mentor team members consistent with the values of a learning organization. Ability to seamlessly work with onshore team , outsourced offshore resources, contractors, and consultants to accomplish work.
- Policies and Procedures: Establishes and maintains financial policies and procedures and ensures its consistency with BSWH policies and procedures.
- Internal Controls: Responsible for integrity and accuracy of the internal control structure of revenue reporting. Coordinates with Internal Audit for interim audits and Financial Services for the annual external audit.
- Revenue Analytics: develops reporting, commentary, analytics, and provides actional insights on key revenue cycle metrics, managed care contract negotiation support, contract maintenance, month-end accounts receivable estimation, pricing, data warehousing optimization, regulatory updates, and general reimbursement trends
- Monthly Financial Preparation: Oversees monthly review of revenue on financial statements to ensure completeness, accuracy, and relevance. Performs monthly financial statement analysis and communicates results from operations to the management team as appropriate. Financially evaluates operations on an ongoing basis for adherence to predetermined operational goals. Assist and/or educate BSWH Leadership to ensure their understanding of the information contained in the monthly and annual financial statements and reports.
- Pricing Strategy: analyze industry and market trends to develop optimal pricing strategies for services and products. Maintain annual pricing schedules in alignment with industry and market trends, as well as established contracts. Provide executive oversight of pricing transparency and adherence to regulatory requirements.
- Forecasting and Financial Modeling: Utilize statistical methods and predictive modeling techniques to forecast revenue and support budgeting, forecasting, and long range financial planning. Conducts sensitivity assessment by providing scenarios and "what if" analysis on key revenue metrics
- Project Management: Collaborates with system, region, and entity executives and serves as a program management resource for finance-related enterprise projects. Leads, chairs, and participates on project steering committees or other forums as appropriate.
- Other Duties as Assigned: Performs other position appropriate duties as required in a competent, professional and courteous manner.
KEY SUCCESS FACTORS
- Excellent analytical, problem-solving, and critical thinking skills
- Expertise in data analytics tools and software (e.g. SQL, Python, M, DAX, Tableau, Power BI, MicroStrategy, etc.)
- Demonstrated leadership with the ability to inspire and develop high-performing teams Strong grasp of healthcare revenue cycles, reimbursement models, managed care contracting, and regulatory requirements
- Ability to exert influential leadership across an organization to facilitate and lead change
- Advanced written, oral and presentation skills, with a talent for translating complex data into executive commentary and actionable insights
- Demonstrate effective time management, facilitation, and project management skills.
- Education: Masters in Business, Healthcare, Finance, Accounting, or related field required
- Preferred Certificates, Licenses, and Registrations: Healthcare Financial Management Association (HFMA) certifications, Chartered Financial Analyst (CFA, or Certified Public Accounting (CPA)
MINIMUM REQUIREMENTS
- Master’s Degree
- 7 years of experience, 10+ preferred
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