Fairview Health Services Looking for Director Finance – Infusion at Minneapolis Full Time

Overview

Direct the financial operation for the Home & Ambulatory Infusion and other assigned departments. Direct functions in areas of responsibility which include: Accounting, Reporting & Financial Analysis, Revenue & Cost Accounting, Reimbursement Reserve Analysis and Documentation; Internal Control; Forecast and Budget; Cash and Business Office Management; Financial Information Systems; Financial Compliance: Stand-alone Entity, Rapid Growth and New Business Development financial support. Provide external Consulting on all aspects of home infusion financial operations, including financial reporting, business office and contracting.

Responsibilities

Oversee, manage and coordinate all financial services that support Home & Ambulatory Infusion operations including Accounting, Revenue Management, Inventory Controls and Cash Reconciliations, Direct functions that:

• Ensure the accurate, complete, consistent and timely recording of accounting transactions and maintenance of supporting records, reconciliation’s and documentation.

• Prepare financial reports for applicable management and operational management highlighting significant variances, trends and issues.

• Pursue analysis of issues/opportunities with management and operations analysis staff and implement improvements

• Monthly revenue & discount accounting

• Balance sheet reserve analysis

• Ensure accurate inventory balances through recording of purchases and cost of goods sold

• Prepare month cash reconciliation to ensure reporting and reconciliations

Direct the work of the business office unit within the established policies of the organization.

• Review, develop and recommend strategies and processes related to billing, collection and accounts receivable activity, while maintaining customer focus and regulatory compliance

• Provide direct supervision for assigned staff; complete timely goal setting and performance reviews

• Promote overall employee engagement

• Seeks and implements strategies to meet department goals.

• Manage and ensure appropriate billing, collections and AR support with pharmacy operations

• Coordinate new processes to ensure appropriate business office support for existing and new business lines

Direct preparation and support presentation of budgets and forecasts for Home & Ambulatory Infusion. Assess and advise management of financial implications of decisions and of changes in the health care environment that could affect the financial position

• Identifies and summarizes key financial information in a meaningful way that supports operational and strategic decision-making.

• Engage in the entity business decision-making process by recommending plans of action and/or analyzing the plans and actions of operating executives.

• Perform all necessary financial modeling/pro forma development related to new facilities, products and services.

Manage accounting for complex revenue cycle and reserve requirements. Insure accounting internal control for business office processes including: financial arrangements, billing, follow-up and collections, and posting of payments. Ensure proper accounting controls and reserves are documented for proper recording of assets, liabilities, discount expense, bad debt expenses for transactions related to business offices operations including:

• Parties liable for payment are accurately identified & billed

• Proper authorization for services is obtained

• All revenue generated is captured

• All amounts legally due are collected & accounted for

• Cash tied up in receivables is minimized

• Human resource cost management

• Revenue reporting is accurate

Effectively engage with system-wide functional experts and process owners within Fairview and with external clients.

• Interface with revenue cycle functions to ensure that revenue cycle is run efficiently and effectively across the ambulatory operations.

• Interface with purchasing and materials management functions to ensure that the procurement of goods and services are in accordance with

• policies and procedures.

• Develop relationships within the hospital and ambulatory operations structure to encourage active, ongoing participation at various levels.

• Lead and participate in process improvement efforts.

Work proactively with internal customers to continually implement process improvement. Communicate and educate other effectively.

• Educates customers of financial decisions.

• Communicates complex financial information in a clear, concise manner.

• Ensures all customers have a clear comprehension of the key financial issues.

• Enhance the transparency of financial decisions made and proactively identify improvement opportunities and implement solutions for improving financial management.

• Serves as a financial resource for customers.

• Provide management and other internal uses with clear and concise financial guidance and analysis to aid the business decision making process.

Manage staff including hiring, orienting, coaching, evaluating and effectively managing performance to ensure staff possess the needed skills to

deliver high quality service to customers

• Provide ongoing, continuous management oversight, as a coach who supports the growth and development of employees.

• Oversee assigned area to ensure appropriate distribution of workload and streamlined workflow.

• Recruit/interview/hire staff. Coordinate orientation of new staff, and ensure ongoing education of current staff.

• Provide mentoring, leadership and direction to staff

• Maintain and monitor the productivity level of the staff to maximize efficiency, assure adequate staffing levels, and control costs; approve timecards.

• Complete timely performance reviews of staff according to policy.

Responsible for financial management of External Consulting clients’ pharmacy operations.

• Complete and present infusion pro-forma’s to clients

• Communicates complex financial information in a clear, concise manner.

• Present Financial Management support to clients, including receivable management, financial report and contracting support.

Provide financial leadership and support on Infusion Joint Ventures

• Complete and present infusion pro-forma’s to FPS management

• Provide financial management support

• Provide sales/presentation support

Qualifications

Education

• Bachelor’s degree in Accounting or equivalent area.

Experience

• Ten years healthcare industry experience in a rapid growth environment and seven years director/management experience for retail pharmacy, specialty pharmacy, infusion pharmacy and PBM business in rapid growth environment.

• A minimum of ten years overall management responsibility for a business office in a healthcare environment.

License/Certification/Registration

• CPA or CMA certification

Preferred Education

• MBA or equivalent advanced degree

Need help finding the right job?

We can recommend jobs specifically for you!

Fairview Health Services (~~~) is an award-winning, nonprofit health system providing exceptional care across the full spectrum of health care services. Fairview is one of the most comprehensive and geographically accessible systems in the state, with 12 hospitals-including an academic medical center and long-term care hospital-serving the greater Twin Cities metro area and north-central Minnesota.

Its broad continuum also includes 56 primary care clinics, specialty clinics, senior living communities, retail and specialty pharmacies, pharmacy benefit management services, rehabilitation centers, counseling and home health care services, medical transportation, an integrated provider network and health insurer PreferredOne. In partnership with the University of Minnesota, Fairview’s 32,000 employees and 2,400 affiliated providers embrace innovation to drive a healthier future through healing, discovery and education.

EEO/AA Employer/Vet/Disabled All qualified applicants will receive consideration without regard to any lawfully protected status.

Job Locations US-MN-Minneapolis

Posted Date 4 days ago (1/3/2024 9:27 PM)

Requisition ID 2024-124854

Profession Leadership/Management/Executive

Speciality Pharmacy

Department Business Office-Home Infusion

Shift day

Hours per 2 weeks 80

Location Fairview offices at Kasota