Sr. Financial Business Partner

Exemption Status:

Schedule Details:

Scheduled Hours:

Shift:

Hours:

Cost Center:

This position may have a signing bonus available a member of the Recruitment Team will confirm eligibility during the interview process.

At UMass Memorial Health, everyone is a caregiver - regardless of their title or responsibilities. Exceptional patient care, academic excellence and leading-edge research make UMass Memorial the premier health system of Central Massachusetts, and a place where we can help you build the career you deserve. We are more than 16,000 employees, working together as one health system in a relentless pursuit of healing for our patients, community and each other. And everyone, in their own unique way, plays an important part, every day.

Major Responsibilities:

Education and Guidance

• Functions as primary liaison to the clinical departments and service lines. Functions as financial and operational subject matter expert related to their respective areas of responsibility regarding all management reports provided to clinical department and service line leaders and functional area managers. Provides education and guidance for clinical department and service line leaders related to sources of financial and operational data and reports.
• Provides training and interpretation to clinical operating managers. Reports inclusive of both Medical Center and Medical Group reports detailing performance reports, budget reports, productivity report and various scorecards or dashboards.
• Provides feedback and input to report development and performance analysis.

Budget Support

• Assists department and service line managers in developing budgets where appropriate including input and tracking of various performance initiatives, analyzing financial impact of various proposed initiatives, and tracking and reporting on the progress of budget initiatives on a periodic basis.
• Works closely with other finance departments to ensure department and service line budgets are accurate and appropriate and aligned with system goals.

Performance Tracking and Reporting

• Meets regularly (at least monthly) to review various financial performance, operational and scorecard reports. Assists in the development of reports and scorecards that will be meaningful and actionable to the department and service line leaders and managers. Presents progress reports to the committees, identifies significant variances and trends and makes recommendations for corrective action as necessary. Follows up on questions from department and service line leaders and provide more in depth analysis on various items as requested.

Opportunity Identification

• Assist department and service line leadership in identifying various opportunities for performance improvement in the areas of volume growth, revenue improvement and expense reduction. Focuses and coordinates with the other finance departments to provide the needed data and information for analyzing such opportunities including revenue cycle analysis around charge capture, denials/write-offs, billing issues, etc. Identifies expense opportunities that may include benchmarking and productivity analysis.

Strategic Business Planning

• Participates in department and service line planning activities such as the coordination of proposed business plans for various enhancements to the service line operations including analysis of capital expenditures for new equipment, changes in location, addition of new physicians and/or services.
• Coordinates appropriate finance resources to provide projected performance analysis and business plans around such changes. Presents various market analyses to department and service line leaders as provided by Marketing, Strategic or Financial Planning. Works in conjunction with representatives of the Medical Center and the Medical Group to define and prioritize departmental strategy and direction.

Position Qualifications:

License/Certification/Education:

Required:

• Master's degree in Health or Business Administration, or equivalent required.

Experience/Skills:

Required:

• Eight years of related experience required, preferably in a healthcare setting.
• Experience in program administration, healthcare accounting techniques, cost/benefit comparisons, and analysis of budget variance and staffing resources required.
• Hospital clinical or operational experience is desirable.
• Demonstrated ability to lead the finance and business development of a clinical Service Line area required.
• Knowledge of performance improvement and program management required.
• Strong interpersonal skills necessary to communicate and interact with all levels of management.
• Demonstrated ability to handle multiple priorities, to work autonomously, and organize, coordinate and monitor project work.
• Excellent oral and written communication skills.
• Working knowledge of computers, including spreadsheet, databases, and word processing software applications.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

We're striving to make respect a part of everything we do at UMass Memorial Health - for our patients, our community and each other. Our six Standards of Respect are: Acknowledge, Listen, Communicate, Be Responsive, Be a Team Player and Be Kind. If you share these Standards of Respect, we hope you will join our team and help us make respect our standard for everyone, every day.

As an equal opportunity and affirmative action employer, UMass Memorial Health recognizes the power of a diverse community and encourages applications from individuals with varied experiences, perspectives and backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, gender identity and expression, protected veteran status or other status protected by law.

If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentacquisition@umassmemorial.org. We will make every effort to respond to your request for disability assistance as soon as possible.