Stanford Health Care · 4 months ago
Finance and Business Manager - IT Business Ops
Palo Alto, CA
Full-time
Hybrid
Senior Level
$62.75/hr - $83.16/hr
5+ years expStanford Health Care is seeking a Finance and Business Manager for their IT Business Operations. This role is responsible for managing the financial aspects of technology investments and operations, including budgeting, forecasting, and performance analysis, to ensure alignment with the organization's financial goals.
Health CareHealth DiagnosticsHospitalMedicalPrimary and Urgent Care
Responsibilities
Lead the financial management of the IT portfolio and serve as a key advisor to IT leadership. This advanced-level role requires extensive financial expertise and leadership skills
Oversee the financial strategy for the portfolio, ensuring alignment with corporate objectives
Lead comprehensive financial planning, budgeting, and long-term forecasting processes
Provide strategic financial insights to inform key investment decisions
Develop and improve financial models to assess project viability and ROI
Represent the finance function in strategy discussions, ensuring financial considerations are integral to planning
Mentor and lead a team of financial analysts, promoting a culture of financial excellence
Responsible for budget system completion, high level reviews and conducting organization wide analyses for target development
Conducts or participates in complex projects where analysis requires in-depth evaluation of factors
Plans, develops, and implements annual operating and capital budgets for the service line. Monitors all expenditures to ensure adherence and compliance with budget, projected spending trends, controls expenditures and ensures cost effective operations within the department; completes variance reports and suggests/implements corrective action to resolve budget variances
Develops and implements strategies to maximize revenue for the service line while maintaining regulatory compliance. Assists in the identification and implementation of cost reduction activities for the service line; assesses continuously the financial viability of existing programs and practice patterns, and develop methods to optimize practices and resources
Performs historical data analysis of past and current years for budget preparation and funding request justification
Works closely with Finance on long range financial planning (LRFP) and benchmarking for the department and helps interprets LRFP into a plan of action. Monitors key financial indicators to proactively address financial matters and assist with strategic planning
Establishes structures to monitor variances and track financial trends including revenue and labor expenses; provides ad hoc reporting for business questions that arise regarding volume, cost, performance and profitability of the department
Analyzes financial implications and impacts of proposed and existing programs. Recommends improvements in systems and processes that enhance efficiency and reduce costs within the department and throughout the organization
Analyzes, prepares and makes recommendations on business plans for new services and programs aimed at promoting and expanding the department activities. Works closely with Director for the development and implementation of strategic initiatives focused on identifying and pursuing opportunities to improve the profitability and market share of the department
Supervises development of comprehensive business plans and program initiatives to support department goals including financial impact and feasibility. Assists in translation of business plans into operational reality
Evaluates feasibility of equipment purchase and reviews contracts for purchase of equipment to ensure consistency with Department expectations regarding financial benefit and other budgetary issues; recommends and participates in selecting outside sources for needed services; negotiates with vendors regarding contracts for equipment maintenance and repair
Works closely with Finance to ensure operational elements of revenue management including tracking, collecting and recovering revenue; ensures that financial controls are in place to minimize possibility of revenue loss
Sets up audit mechanisms to track charge master and revenue management within department
Monitors and ensures proper accounting of service line expenditures
Prepares monthly financial, clinical, benchmarking reports for internal and external purposes
Oversees expenditures to ensure appropriate use of hospital funds; oversees the favorable negotiation and implementation of contracts with outside parties for products and services
Perform other duties as assigned
Qualification
Required
Bachelor's degree in a work-related field/discipline from an accredited college or university
Five years of progressively responsible and directly related work experience
Knowledge of financial systems, including operations, budgeting and analysis, statistics, and forecasting and modeling
Knowledge of principles and practices of organization, administration, fiscal and personnel management
Knowledge of financial and operational management information systems
Knowledge of local, state and federal regulatory requirement related to the functional area
Ability to develop and administer departmental budgets
Ability to identify the need for and to pursue interdepartmental process improvement to maximize financial outcomes
Ability to develop, write, analyze and present business plans, proposals, contracts and financial analysis reports
Ability to use sophisticated conceptual, numerical, analytical and statistical skills to solve complex, unique financial problems
Ability to provide leadership and influence others
Ability to foster effective working relationships and build consensus
Ability to mediate and resolve complex problems and issues
Ability to develop long-range business plans and strategy
Skills: Strong decision making, problem solving, project management, analytical, interpersonal, negotiation, and collaboration skills
Company
Stanford Health Care
Stanford Health Care is a healthcare center that treats cancer, heart disease, brain disorders, and primary care issues.
10001+ employees
H1B Sponsorship
Stanford Health Care has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (102)
2024 (74)
2023 (82)
2022 (55)
2021 (54)
2020 (67)
Funding
Current Stage
Late StageLeadership Team
Aditya Bhasin
VP Software Design & Development
Jay Shah
Chief of Staff
Recent News
Android Headlines
2026-01-16
2026-01-16
HealthCareIT News
2026-01-06
Company data provided by crunchbase