MedStar Health · 1 day ago
Dir of Practice Admin & Fin
Washington, DC
Full-time
Onsite
Lead/Staff, Director/Executive
5+ years expMedStar Health is seeking a Director of Practice Administration & Finance to oversee operational and financial analysis for physician practices. This role involves ensuring compliance with regulations, managing budgets, and supporting service line leadership in achieving organizational goals.
Health CareMedical
Responsibilities
Assumes responsibility for business & financial analysis and operational planning for the service line in conjunction with service line leadership. Supports service line leadership in the execution of daily and long-term goals. Administrates and maintains organization of the professional practice and other service line areas as needed. Responsibilities are executed in accordance with standards and criteria established by JCAHO State Local and Federal agencies to ensure compliance to those external requirements
Assists with the development of the annual division and hospital budgets and requests for information in collaboration with service line leadership forecasting programmatic needs to achieve articulated goals. Assists service line leadership with financial monitoring and reporting including financial analysis and funds flow. Acts as service line resource for financial and revenue cycle questions by developing overseeing and monitoring physician deployment providing purchasing & payroll oversight evaluating work RVU activity developing regional budgets and resolving budget variances to achieve best practice benchmarks and ensure operational viability
Acts as a subject matter expert in administration of physician practice including patient-facing and internal functions. Responsible for onboarding & ongoing support of physicians & other providers in the professional practice. Maintains current knowledge of health care issues standards of practice CPT/ICD-9 codes and professional group activities to facilitate effective planning/management
Establishes and implements data collection & analysis to ensure efficient use of staff equipment and supplies. Conducts assessments of clinical operations to maximize overall efficiency and optimal department performance. Gathers information to ensure internal and external satisfaction cost effectiveness and efficiency of service line operations
Manages (directly or through delegation to other staff members) support staff personnel as assigned to include but not limited to interviewing hiring orienting training scheduling coaching counseling evaluating promoting and terminating employees
Develops prepares and analyzes monthly profit and loss reports for clinical or service line operations of the Department. Regularly monitors expenses for appropriateness and properly allocates to divisional level. Ensures revenues are properly credited and reflected and works with service line leadership to present analysis on operational and financial performance
Completes appropriate financial reports for internal and external obligations including monthly reconciliation reports for assigned service line and/or hospital and university accounts. Develops business plans and cost/benefit analyses for proposed provider & staff recruitment new services and/or locations
Aids service line leadership in developing process improvement strategies and standard operating procedures and policies for the Division of Hematology/Oncology. Responsible for continued monitoring of data related to strategies implemented and providing feedback
Continually scans the environment for changes and advances that will impact the service line including participating in the development of the strategic plan developing new services based on identified needs and work with internal and external organizations to develop coordinate and market these services
Contributes to the achievement of established department goals and objectives and adheres to department policies procedures quality standards and safety standards. Complies with governmental and accreditation regulations
Communicates and collaborates with personnel in the Medical Center/Hospital/University departments to coordinate advocate and develop relationships and programs that will further the mission of the service line. Acts as a liaison between segments of the business to ensure cultural financial and operational cohesiveness
Performs other duties and responsibilities that are appropriate to the position and area. The above responsibilities are a general description of the level and nature of the work assigned to this classification and is not to be considered as all-inclusive
Qualification
Required
Bachelor's degree In area of health care management or business required
Financial analysis & budgetary responsibility experience preferably in a healthcare setting. Must have strong computer and organizational skills
Must be able to work well and communicate with people on all levels strong computer skills and strong organizational skills
Must have knowledge of office automation; experience with Cerner EMR reporting a plus
Must be accurate and detail oriented with an ability to handle multiple projects and reach multiple deadlines
Excellent oral communication writing skills
Must have excellent Microsoft Excel skills & knowledge of financial reporting presentations
Preferred
Master's degree in area of health care management or business preferred
5-7 years Progressive responsible experience in a healthcare setting with previous personnel management experience preferred
IDX Scheduling capabilities or competency within 3 months of hire
Company
MedStar Health
MedStar Health is a not-for-profit healthcare organization
10001+ employees
H1B Sponsorship
MedStar Health 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 (18)
2024 (13)
2023 (14)
2022 (14)
2021 (12)
2020 (14)
Funding
Current Stage
Late StageTotal Funding
$29MKey Investors
American Medical AssociationAgency for Healthcare Research and QualityA. James and Alice B. Clark Foundation
2023-06-21Grant
2022-09-27Grant· $2M
2020-07-03Grant· $27M
Leadership Team
David Mayer
Executive Director MedStar Institute for Quality and Safety Quality and Safety CEO Patient Safety Mo
Recent News
2025-12-17
Maryland Daily Record
2025-12-05
Company data provided by crunchbase