Overview
Fairview Pharmacy Service’s is a national leader helping health systems across the country solve tomorrow’s problems. In bringing clarity to revenue integrity and infusion strategy, this service line also helps other health systems find new or improved revenue streams while taking care of the patients already loyal them. Members of this team interact with pharmacy leaders across the country to assess their needs and find organizations in need of enhancement to their pharmacy service. Fairview Infusion is an $250M business within our $2B Pharmacy organization. We are at the forefront of providing Specialty and Infusion Services and are growing nationally. Come lead this innovative and dedicated Team.
This key leadership role will direct the financial operation for the Home & Ambulatory Infusion 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.
Fairview Health Services offers a competitive benefits package including medical/dental, 403b with employer match. For details, please visit our benefits page by clicking here! (~~~)
Responsibilities Job Description
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
Required Education, Experience & Licensing/Certifications:
Bachelor’s degree in Accounting or equivalent area.
10 years healthcare industry experience in a rapid growth environment
7 years director/management experience in one of the following areas: retail pharmacy, specialty pharmacy, infusion pharmacy or PBM.
10 years overall management responsibility for a business office in a healthcare environment.
Preferred Education, Experience & Licensing/Certifications:
MBA or equivalent advanced degree
Experience Coordinating with external customers.
Experience in converting to new computer system.
Track record of increasing responsibility managing all financial areas for a rapid growth company in the Infusion, Specialty (Transplant or Oncology) and professional services businesses.
CPA or CMA certification
EEO Statement
EEO/AA Employer/Vet/Disabled: All qualified applicants will receive consideration without regard to any lawfully protected status
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