- Responsible for financial reporting for the faculty practice plan. Participates with department leadership in establishing performance expectations; communicates expectations to office and clinical leadership, establishes relationships with key stakeholders across the institution. Promotes practices and processes that contribute to success; directs the effective management of barriers that impede achieving targeted results.
- Presents periodic financial overview to the departments and senior leadership.
- Manages the physician compensation plan and works closely with leadership to ensure incentive program is aligned with core mission.
- Assists in ensuring that all compensation meets regulatory guidelines
- Develops fair market valuation analyses for employment agreements, MSAs, PSAs, acquisitions and affiliations.
- Contributes expertise in compensation planning and management to support the on-going development of the practice plan.
- Develops dashboards to ensure key financial metrics exceed and/or meet standards for staffing, operating costs and overall fiscal performance of the practice plan. Develops actions plans as necessary.
- Collaborates with accounting, purchasing, accounts payable and human resources on enterprise-wide initiatives.
- Aids in creating financial arrangements for new business opportunities and reviewing contractual terms from a finance/value perspective.
- Develops and maintains a detailed profit and loss statement and ensure that reporting is consistent with GAAP principals.
- Leads the practice plan in annual budgeting process.
- Ensures that compensation information is secure and that the highest levels of discretion and confidentiality are maintained.
- Foster an environment that promotes Respect, Dignity and Integrity.
- Bachelors Degree in Accounting or Finance required, MBA/MHA preferred.
- MBA/MHA or deep experience in a complex physician/hospital environment.
- Three (3) years experience of financial reporting within a large physician group practice or an acute care hospitals with employed physicians preferred.
- Experience with Physician compensation management preferred.
- Experience developing and managing productivity-based compensation models.
- Familiarity with practice management systems, ideally AthenaHealth and/or EPIC
- Excellent human relations and oral/written communication skills
- Strong financial skills, including expert-level excel skills
- Strong understanding of not-for-profit accounting standards, GAAP and healthcare specific value measurements (i.e. compensation per wRVU, cost per adjusted discharge, etc. )
- CPA designation preferred.
- Position requires prolonged periods of sitting and use of a computer and screen viewing throughout the working day.
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Analyst, Senior Financial - Brooklyn, United States - The Brookdale Hospital Medical Center
Description
Overview:
The Senior Analyst is responsible for ensuring the appropriate financial controls are in place, and the day-to-day financial management of the practice plan. The Senior Analyst collaborates with leadership and practice personnel to support day-to-day operations of the physician practices and ensures timely and accurate compensation for employed and contract clinicians. The Senior Analyst ensures that organizational resources are effectively deployed and that compensation is accurately and effectively managed. The Senior Analyst is expected to perform regular analyses, prepare journal entries, streamline ordering, and audit contracts in addition to other special projects.
Responsibilities:Education:
Experience:
Knowledge and Skills:
Licenses, Certifications:
Physical Requirements:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of The Brookdale University Hospital and Medical Center.
BHMC is an equal opportunity employer, it is our policy to provide equal opportunity to all employees and applicants for employment without regard to race, color, religion, national origin, marital status, military status, age, gender, sexual orientation, disability or handicap or other characteristics protected by applicable federal, state, or local laws.
