Overview

The Director, Finance, Service Line is a key leadership position responsible for overseeing the financial operations and strategic planning for a service line.

• They will play a vital role in capital planning and strategy, ensuring the efficient allocation of financial resources for equipment replacement and purchases.
• They will collaborate with various stakeholders, including modality directors, division leaders, and Operating Unit CFOs across budgeting, financial, reporting and other key initiatives.
• The Director will demonstrate strong communication and collaboration skills, working closely with revenue cycle and supply chain management teams to optimize coding, documentation, and cost-saving initiatives.
• Overall, this role requires a combination of financial expertise, strategic thinking, and effective leadership to drive financial performance and support the growth and success of the enterprise radiology department.
• The position collaborates closely with the senior and executive physician and administrative leaders across the system.
• In addition, the position will lead a team of business managers for the department.
• The position will dually report to Service Line Business Senior Vice President.

Description

Capital Planning and Strategy: Review the 10-year budget outlook for capital equipment replacement and collaborate with purchasing committees as required; Work with senior department leaders to develop business cases and proformas for capital purchases within under and over threshold budgets; Work with senior department leaders to escalate capital purchases for break/fix situations and adjust capital purchase outlook; Develop and structure key performance financial indicators to reflect strategic priorities.

Operational Finance: Ensure accurate and timely coding and documentation by working with HB revenue cycle and CPD; Collaborate with modality and division leaders to develop the annual operational budget; Review monthly and ad hoc reports for performance evaluation; Review general ledger and variance reporting; Coordinate with senior department leaders to identify cost savings through effective supply chain management; Manage physician compensation plans; Manage vendor service contract payments and ensure compliance within established limits; Manage service contract addendums for the installation base; Knowledge of revenue cycle management and medical billing practices in technical and professional budgeting.

Professional Finance: Ensure accurate and timely coding and documentation by working with PB revenue cycle and CPD; Collaborate with modality and division leaders to develop the annual operational budget; Review monthly and ad hoc reports for performance evaluation; Conduct general ledger and variance analysis; Coordinate with the Executive Administrator to identify cost savings through effective supply chain management.

Financial Analysis and Reporting: Possess skills in financial analysis and modeling, capital budgeting, and financial forecasting; Understand accounting principles and financial statements; Develop and present business cases and proposals; Communicate and collaborate effectively with various stakeholders and purchasing committees; Stay informed about industry trends and Emory regulations related to capital equipment and procurement; Apply strategic thinking and problem-solving skills. MINIMUM QUALIFICATION:

• Bachelor's degree in business administration, management, finance, accounting, health administration, or related field.
• Master's degree preferred. Six years of experience in healthcare finance or relevant field.
• a strong background in finance, preferably with experience in healthcare or a related field.
• They should have a deep understanding of accounting principles, financial analysis, and budgeting processes.
• The candidate should demonstrate exceptional strategic thinking abilities, coupled with excellent communication and collaboration skills to work effectively with diverse stakeholders.
• They should be detail-oriented, analytical, and possess a track record of successfully managing complex financial projects and initiatives.
• Additionally, the ideal candidate should stay abreast of industry trends and regulations, displaying a proactive mindset towards optimizing financial performance and driving continuous improvement within the enterprise radiology department.

Additional Details

• PHYSICAL REQUIREMENTS (Medium Max 25lbs): up to 25 lbs, 0-33% of the work day (occasionally); 11-25 lbs, 34-66% of the workday (frequently); 01-10 lbs, 67-100% of the workday (constantly); Lifting 25 lbs max; Carrying of objects up to 25 lbs; Occasional to frequent standing & walking, Occasional sitting, Close eye work (computers, typing, reading, writing), Physical demands may vary depending on assigned work area and work tasks. ENVIRONMENTAL FACTORS: Factors affecting environment conditions may vary depending on the assigned work area and tasks. Environmental exposures include but are not limited to: Blood-borne pathogen exposure Bio-hazardous waste Chemicals/gases/fumes/vapors Communicable diseases Electrical shock, Floor Surfaces, Hot/Cold Temperatures, Indoor/Outdoor conditions, Latex, Lighting, Patient care/handling injuries, Radiation, Shift work, Travel may be required. Use of personal protective equipment, including respirators, environmental conditions may vary depending on assigned work area and work tasks.