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Executive Director Finance

Req #:  109519
Facility:  Good Samaritan Hospital
Department:  Management/Supervisory
City:  Downers Grove
Posting Budget Status:  Day
Shift Type:  Full Time - Permanent
Posting FTE:  1

Over its nearly 40-year history, Advocate Good Samaritan Hospital has evolved into a recognized national leader in health care. Good Samaritan Hospital has been named to the 100 Top Hospitals list six times and is the only health care organization in the state to earn the prestigious Malcolm Baldrige National Quality Award, achieving the honor in 2010. Good Samaritan Hospital features DuPage County’s only Level I trauma center, a certified Level III neonatal intensive care unit and received the American Nurses Credentialing Center Magnet® recognition for nursing excellence. A range of services are offered at the hospital, including cardiology, oncology, orthopedic surgery, neurosurgery, general surgery, gastroenterology, stroke care, obstetrics and gynecology, and low-dose diagnostic imaging. Good Samaritan Hospital is part of Advocate Health Care.

Purpose:
Financial Leader for hospital and service line, and part of executive team for Good Samaritan Hospital. Plans, organizes and directs financial and related business matters including the annual operating and capital budgets. Oversees the development of business and financial strategies, analysis of operating results and growth and expense reduction initiatives. Ensures financial strategies and practices align and effectively support the achievement of the organization's objectives.
 

Position Requirements:

  • Bachelor's Degree in Finance or Accounting.  CPA and/or MBA preferred.
  • Minimum of 10 years in a healthcare finance role including 5 years of management level experience.
  •  Excellent relational skills and ability to get things done through teamwork, collaboration and influence
  • Excellent communication skills and ability to work with executive boards, teams, physicians and staff.
  • Formal presentation and business writing skills. Ability to explain complex financial information in ways people with limited financial acumen can understand and relate to.
  • Excellent analytical skills, including ability to review quantitative and qualitative data and reach sound conclusions
  • Experience in consulting with senior leadership, providing guidance on financial strategies and decisions that impact the performance of the organization.
  • Strong understanding of health care dynamics and economics as it relates to the profitability of various services and the margin contribution available with marginal investment.


Accountabilities:

  1. Oversees the financial performance of operations for assigned hospital(s), medical group or service line. Directs completion and reviews reports on financial performance. Supervises, investigates, analyzes and presents recommendations with respect to costs (labor and non-labor) and revenue initiatives, including processes, re-engineering and detailed performance/financial/program reviews, to ensure stated financial goals are attained.
  2. Works collaboratively with operations management and corporate revenue cycle departments (Patient Access, HIM, and revenue cycle analysts) to capitalize on revenue cycle process improvement opportunities to optimize revenue and better understand/enhance payer and reimbursement trends.
  3. Collaborates with site(s) or service line leadership on the development, implementation, evaluation of operating and capital budgets, determines the financial implications of business decisions/projects and recommends strategies to enhance financial performance.
  4. Insures the standardization of work, processes and deliverables while ensures financial integration within the site(s) or service line.
  5. Serves as a resource/liaison for site(s) or service line leadership, corporate finance staff (general accounting and reimbursement, etc.) departments and functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology for the site(s) or service line by providing guidance on policies and procedures, provides direction of financial statement preparation process, consultation on specific finance-related issues or day-to-day operations issues, notification regarding material issues impacting net reimbursement, etc.
  6. Provides leadership and direction to annual budget and forecast process, including setting high level assumptions, review of high risk areas, and insures controls and processes are in place for the creation of a sound and reliable budget or forecast. Works with site leadership to identify and quantify revenue improvement and cost reduction opportunities, and ensures they get properly budgeted. Interprets and explains the budget to governance, leadership and others.
     

About Advocate Health Care

 

Advocate Health Care, named among the nation’s Top 5 large health systems based on quality by Truven Analytics, is the largest health system in Illinois and one of the largest health care providers in the Midwest. Advocate operates more than 250 sites of care, including 12 hospitals that encompass 11 acute care hospitals, the state’s largest integrated children’s network, the state’s largest emergency and Level I trauma network, one of the area’s largest home health care companies, and the region’s largest medical group. Advocate Health Care has 4 teaching hospitals and is a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ.


Nearest Major Market: Chicago