Director Finance Massachusetts Region

SUMMARY:

The Director Finance of theMassachusetts Region provides overall leadership and oversight of hospital financial operations for Saint Anne’s Hospital and Morton Hospital. Reporting to the Vice President of Finance, the Director partners closely with the hospital President and senior leadership team as a key advisor to achieve the hospitals’ strategic, financial, and operational objectives.

The Director of Finance is accountable for operating and capital budgets, financial planning and analysis, business plan development, and the financial strategic plan and its implementation. The role works collaboratively with Brown University Health system finance, the Brown University Health Medical Group, and Revenue Cycle Management to drive positive financial results for the hospitals and the health system.

Brown University Health employees are expected to successfully role model the organization’s values of Compassion, Accountability, Respect and Excellence, as these values guide our everyday actions with patients, customers and one another.

In addition to our values, all employees are expected to demonstrate the core Success Factors which tell us how we work together and how we get things done. The core Success Factors include:

Instill Trust and Value Differences
Patient and Community Focus and Collaborate

In addition, our leaders will demonstrate an aptitude for:

Ensure Accountability and Build Effective Teams
Drive Vision and Purpose and Optimize Work Processes

By applying core and leadership competencies, leaders help Brown University Health achieve its strategic goals.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Financial Strategy & Planning

•     Establish an integrated short- and long-term financial plan aligned with the hospitals’ strategic plan.

•     Participate in strategic planning that supports market growth, revenue enhancement, cost containment, and productivity.

•     Conduct ongoing financial assessments to anticipate challenges and identify improvement opportunities through service-line growth, revenue cycle improvement, and expense reduction.

•     Lead business plan development, cost/benefit analysis, and financial projections for new programs, services, and capital investments.

•     Participate with senior management in decisions on equipment purchases, lease arrangements, and facility construction.

Budgeting & Performance Management

•     Lead development of the hospitals’ annual operating and capital budgets and ensure compliance with the budget process.

•     Monitor and report performance to budget, explain variances, and ensure accuracy of financial information.

•     Oversee volume reporting and monitor labor productivity, staffing metrics, and volume trends.

•     Identify revenue and expense variances with senior leaders and guide development of corrective action plans.

•     Evaluate procedures and processes to reduce operating costs and improve efficiency.

Revenue Integrity

•     Ensure effective revenue capture processes, systems, and documentation for chargeable services, in partnership with Revenue Cycle Management.

•     Oversee reconciliation procedures in revenue-generating departments and the evaluation and approval of new revenue-generating programs.

•     Partner with Quality leadership on initiatives affecting reimbursement and documentation.

Leadership, Governance & Collaboration

•     Serve as a member of the hospital senior leadership team and key financial advisor to the President of Saint Anne’s and Morton Hospital.

•     Present to management and board committees, providing financial analysis and guidance; provide direct or indirect staff support to board committees.

•     Keep hospital senior leadership informed of financial issues, risks, and opportunities.

•     Collaborate with the Brown University Health Medical Group and bring system finance resources to bear on fiscal planning and operational improvement initiatives.

•     Educate department leaders on the financial impact of clinical and operational decisions and foster a collaborative, customer-focused finance culture.

•     Develop, implement, and interpret hospital financial policies, procedures, and practices consistent with corporate policy.

Compliance

•     Ensure compliance with directives from governmental and regulatory agencies, third-party payers, and internal and external auditors.

•     Act in accordance with the Brown University Health Corporate Compliance Program and Code of Conduct.

People Leadership

•     Lead direct and indirect reports, including hiring, transfer, promotion, and termination recommendations; performance evaluations; and staff development and training.

Performance Standards

•     Fiscal Responsibility: Achieve financial targets through effective use of resources and productivity.

•     Lead & Plan: Set strategy and goals, implement action plans, and evaluate results.

•     Make Decisions: Assess importance, urgency, and risk to make timely, sound decisions.

•     Build Relationships: Establish productive partnerships internally and externally.

•     Communicate Effectively: Deliver clear, timely, and meaningful financial information to all audiences.

•     Continuous Improvement: Demonstrate year-over-year performance improvement and positive feedback from peers, staff, and customers.

•     Behave Ethically: Model ethical business practices aligned with organizational values.

EDUCATION:

Bachelor’s degree in Accounting, Finance, or Business required.

Master’s degree (MBA) and/or CPA preferred.

EXPERIENCE:

Ten (10) or more years of progressive healthcare finance experience, including acute care, leading to senior management positions.

Strong leadership, analytical, technology, and communication skills.

SUPERVISORY RESPONSIBILITY:

Direct and indirect supervision of finance staff, including hiring, evaluation, and recommendation of personnel actions. Supervisory responsibility for up to 30 FTEs

Pay Range:

$155,209.60-$256,068.80

EEO Statement:

Brown University Health is committed to providing equal employment opportunities and maintaining a work environment free from all forms of unlawful discrimination and harassment.

Location:

Saint Annes Hospital - 795 Middle Street Fall River, Massachusetts 02721

Work Type:

8-430

Work Shift:

Day

Daily Hours: 

8 hours

Driving Required:

No