Bayhealth · 11 hours ago
Financial Decision Support Manager
Dover, DE
Full-time
Onsite
Senior Level, Lead/Staff
$111K/yr - $172K/yr
10+ years expBayhealth Medical Center is Central and Southern Delaware’s healthcare leader, and they are seeking a Financial Decision Support Manager. This role is responsible for managing the Cost Accounting system for service line profitability analysis and overseeing the Decision Support system in support of strategic and financial planning projects.
Emergency MedicineHealth CareHospital
Responsibilities
Develops financial feasibility, cost and reimbursement templates using the STRATA system determining Return on Investment (ROI), payback period, Net Present Value (NPV), Internal Rate of Return (IRR) and other financial metrics used to evaluate competing capital projects
Establishes routine meetings with leadership to review service line profitability and assists with developing performance improvement plans for service lines with unfavorable variances to budget. Validates cost structure updates for accuracy
Completes survey and annual insurance renewal applications and compiles data for FEMA and/or Single Audits and generate reports for GME reporting. Provide documentation for operational and administrative decisions affecting finance, labor utilization, and budget development
Trains managers and directors to interpret and use productivity software Manages the requests for ad hoc reports. Generate reports needed for annual financial audit, cost report filing, community benefit reporting from STRATA
Mentor the supervisor of decision support and special projects analyst
Provides oversight to software implementations as needed including components of ERP, and Leasing software. Assists with the implementation of the STRATA forecasting module
All other duties as assigned within the scope and range of job responsibilities
Qualification
Required
Education: Bachelor Degree in Accounting, Finance or related field of study
Credential(s): None required
Experience: Minimum of 10 years' experience in cost accounting, budgeting and/or decision support
Experience with STRATA financial software or similar
Healthcare experience
Preferred
Education: Master Degree in Business Administration or Health Administration
Credential(s): Financial and/or healthcare certifications
Experience: Experience in hospital or healthcare contracting and/or reimbursement
Familiar with bundled payments and physician reimbursement
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
Plus, an array of Voluntary Benefits to include Critical Care Coverage and more!
Company
Bayhealth
Bayhealth is an advanced non-profit healthcare system that provides penn medicine for heart, vascular, cancer and orthopaedics.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Terry Murphy
President and Chief Executive Officer
Mike Tretina
Senior Vice President And Chief Financial Officer
Recent News
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