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Beth Israel Lahey Health · 1 week ago

Finance Manager II - BIDMC Cardiology

Beth Israel Deaconess Medical Center

Full-time

Onsite

Mid, Senior Level

$130K/yr - $160K/yr

5+ years exp

Beth Israel Lahey Health is a growing healthcare organization, and they are seeking a Finance Manager II to oversee the financial operations within the Cardiology department. The role involves budgeting, financial reporting, and enhancing revenue cycle performance while collaborating with various service lines and physicians.

Elder CareHealth CareHospitalPrimary and Urgent CareProfessional ServicesTraining

Responsibilities

Overall responsibility for the timely preparation of the annual financial budget, including revenue, operating expense, capital budget, and cash flow plans for the department

Manages the review, approval, and processing of invoices, reimbursements, and other payments in accordance with BIDMC and HMFP policies and practices

Creates and implements internal financial control systems, including designing worksheets, establishing financial databases, and developing custom reports to coordinate expenditure records and ensure that charges against units are accurate, applicable, not duplicated, and not over budget

Ensure that finance functions operate to meet monthly and quarterly reporting requirements needed to support the practices and HMFP and BIDMC fiscal reporting requirements. Provides oversight and direction on a business unit, service line, and physician level basis. Responsible for the monthly variance reporting and re-forecasting of the groups

Work with senior leadership to coordinate information requests, problem identification, and problem resolution, to help ensure that departmental billing operation complies with all established policies and procedures

Create, manage, and provide continual feedback to the Department Chairman or Division Chief, CAO or Director, and Practice Management to assure optimal revenue cycle performance. Ensures that all information provided to revenue operations is accurate and timely to meet obligations. Interacts with HMFP and AR company on a regular basis, and identifies opportunities and mechanisms to improve financial outcomes as appropriate

Develop physician and site-level budgets based on the overall plans of the organization

Perform accounting activities in conjunction with HMFP and BIDMC finance departments to ensure accurate monthly application of revenue and expense. Complete, as needed, all transactions to ensure appropriate physician compensation

With CAO/Director direction, preparing business plans and financial impact analysis for new programs, change in physicians, staff, etc. Identifies risks and opportunities, understanding base assumptions for the strategic growth of the departments

Translate information from budget, accounting, and analytic processes into effective communication tools for multiple audiences, including senior leadership and physicians

Responsible for financial analysis and recommendations for cost-effective operations and improvements

Manage revenue control and cash reconciliation

Has the authority to direct and support employees daily work activities. Has the direct responsibility to undertake the following employment actions: hiring, termination, corrective action, and performance reviews. Direct Reports: 2-3 Indirect Reports: None

Perform all other duties as assigned

Qualification

Financial analysisBudgetingFinancial operations managementCPAMicrosoft ExcelCustomer serviceWritten communicationOral communicationProblem solvingTeamwork