What are the responsibilities and job description for the Director Finance, Health Services position at Ardent Health?
Overview
Responsibilities
Qualifications
Ardent Health is a leading provider of healthcare in communities across the country. With a focus on consumer-friendly processes and investments in innovative services and technologies, Ardent is passionate about making healthcare better and easier to access. We are driven by our purpose of caring for people: our patients, our communities and one another.
Located in Brentwood, Tennessee, Ardent has earned a reputation as one of the industry’s strongest and most innovative healthcare systems. Our facilities and clinics are consistently recognized among healthcare’s best employers. We recognize each hospital and clinic is as unique as the community it serves. We strive to maintain strong community ties through advisory boards, contributions, charitable care, education and outreach.
Ardent includes:
- 30 hospitals
- 280 sites of care
- 4,281 beds
- 24,000 team members
- 8,200 nurses
- 1,800 aligned providers
- 5.8M annual provider encounters
- 421 medical residents
Ardent makes considerable investments in people, technology, facilities, and communities, producing high quality care and extraordinary results. From newly constructed facilities and expanded services, to lifesaving technology and outstanding opportunities for employees, Ardent is committed to providing its hospitals and clinics the tools needed to succeed.
We believe it is this mix of corporate support and local autonomy that equips our teams for success.
Job Overview:
The Health Services Director of Finance provides financial guidance and insights to inform business decisions, optimize financial performance, and ensure the efficient utilization of resources across our Outpatient Services and facilities. Drives sustainable growth and serves as a key executive team member of the Ardent Health Services Group.
Responsibilities
- Develops and implements financial strategies aligned with the organization's overall business objectives, long-term goals, and mission.
- Collaborates with Health Services Leadership to identify growth opportunities, potential risks, and areas for financial improvement.
- Oversee the preparation of accurate and timely financial reports, including monthly, quarterly, and annual financial statements. Provides insightful financial analysis and performance metrics to guide decision-making and inform business strategies
- Leads the budgeting and forecasting processes, ensuring the alignment of financial plans with organizational priorities for this business segment. Monitors and analyzes budget variances and initiates corrective actions as needed.
- Ensures the implementation of robust financial controls and best practices to safeguard the organization's assets. Optimizes revenue cycle management and financial operations to enhance cash flow and efficiency.
- Evaluate investment opportunities and provide financial analyses to support capital allocation decisions. Works closely with the Health Services Leadership and other stakeholders to evaluate and prioritize investments in facilities, technology, and other strategic initiatives.
- Identifies and mitigates financial risks through risk assessment and mitigation strategies. Ensure compliance with regulatory requirements and reporting standards.
- Provides leadership and mentorship to the finance team, fostering a culture of excellence, accountability, and professional growth. Collaborates with finance leaders across the organization to drive consistent financial practices.
Qualifications
Job Requirements:
- Bachelor's degree in finance, Accounting, Business Administration, or related field
- 7 years or more of progressive experience in finance or accounting
- 5 years or more in a leadership role
- Proficient with understanding Work RVUs, Physician compensation models, and Revenue cycle operations
- Proven track record of developing and executing financial strategies that drive operational efficiency and sustainable growth
- Strong analytical and problem-solving skills with the ability to interpret complex financial data and trends
- Exceptional communication and presentation skills with the ability to convey financial information to a diverse group of stakeholders
- Demonstrated leadership capabilities with a focus on teamwork, collaboration, and building strong relationships
Preferred Job Requirements:
- Master's degree in healthcare administration, Business Administration, Accounting, or a related field.
- Extensive experience in the healthcare industry or a similar complex, multi-site environment
- Demonstrated experience working within a physician practice or medical group environment
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