Financial Decision Support Manager
Manager
Accounting
Analytical Skills
Budget Management
Business Management
Cloud Platform
Cloud Platforms
Data Analysis
Data Analytics
Data Analytics Tools
Data Processing
Decision Support
Facilities Management
Financial Analysis
Financial Planning
Financial Reporting
FP&A
Hr Technology
Information Technology (IT)
Internal Controls
Leadership
Management
Microsoft Excel
Product Management
Productivity Tools
Project Management
Return On Investment
Risk Management
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Security Operations
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Spreadsheets
Job Description
Lead decision-support and cost accounting efforts to drive service line profitability and strategic planning for Bayhealth in Dover, DE (onsite).
Responsibilities
- Develops financial feasibility, cost, and reimbursement templates in STRATA to evaluate capital projects using ROI, payback period, NPV, IRR, and other financial metrics
- Conducts routine leadership meetings to review service line profitability and supports performance improvement plans for service lines with unfavorable variances to budget
- Validates cost structure updates for accuracy
- Completes survey and annual insurance renewal applications; compiles data for FEMA and/or Single Audits, including reports for GME reporting
- Provides documentation for operational and administrative decisions impacting finance, labor utilization, and budget development
- Trains managers and directors on how to interpret and use productivity software
- Manages requests for ad hoc reports
- Generates reporting required for annual financial audit, cost report filing, and community benefit reporting from STRATA
- Mentors the supervisor of decision support and special projects analyst
- Oversees software implementations as needed, including components of ERP and leasing software
- Supports implementation and ongoing maintenance of the STRATA forecasting module
- Publishes monthly service line Profit & Loss (P&L) statements, including physician practice P&Ls and practice scorecards
- Reviews feasibility studies prepared using STRATA software
- Performs other duties as assigned within the scope and range of job responsibilities
Requirements
- Bachelor Degree in Accounting, Finance, or related field of study
- Minimum 10 years of experience in cost accounting, budgeting and/or decision support
- Healthcare experience
- Experience working with STRATA financial software
Preferred Education, Credential(s) and Experience
- Master Degree in Business Administration or Health Administration
- Financial and/or healthcare certifications
- Experience in hospital or healthcare contracting and/or reimbursement
- Experience familiar with bundled payments and physician reimbursement
General Summary
- Manages the Cost Accounting system for service line profitability analysis
- Leads the productivity system and reporting to rating agencies including S&P, Fitch, DAC, EMMA, and other external agencies
- Oversees the Decision Support system for major strategic and financial planning projects
- Assists with implementation and maintenance of the STRATA rolling forecast module
Job Details
- Location: Kent Campus Hospital, onsite in Dover, DE (Kent Campus Hospital - Onsite)
- Status: Full Time, 80 Hours
- Shift: Days
- Onsite note: Management role is onsite in the Dover, DE area
Salary
- USD 111,155 - 172,286 per yearly (Salary range: 111,155.20 - 172,286.40/yearly)
Technologies
- STRATA
- ERP
Benefits
- Generous Paid Time Off and Paid Holidays
- Matching 401(k)/403(b) Plans
- Excellent Health, Dental, and Vision
- Disability and Life Insurance options
- On Site Child Care
- Educational Reimbursement
- Health Care and Dependent Care Flex Spending Accounts
- Voluntary Benefits including Critical Care Coverage and more
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