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Renowned as the academic flagship of the University of Maryland Medical System, our Magnet®-designated facility is a nationally recognized, academic medical center with opportunities across the continuum of care. Come join UMMC and discover the atmosphere where talents and ideas come together to enhance patient care and advance the science of nursing. Located in downtown Baltimore near the Inner Harbor and Camden Yards, you won’t find a more vibrant place to work!
Job DescriptionGeneral Summary
Principal Responsibilities and Tasks
Corporate Finance is responsible for the management and oversight of UMMS financial services which includes the following divisions:
Financial Reporting
HSCRC Strategy
Monitor HSCRC statewide policy goals and help establish UMMS to be a strong voice and influencer of HSCRC philosophy and considerations.
Provide guidance to UMMS leadership to ensure UMMS is positioned for success under HSCRC payment models.
Influence and negotiate HSCRC policies and methodologies for both existing and emerging rate setting and population health models.
Provide proforma analytics for HSCRC proposed policies and methodologies to understand impact to UMMS and ensure methodologies are sound.
Monitor and investigate hospital performance under all HSCRC policies and methodologies and, if needed, develop alternatives to propose to HSCRC.
Revenue Integrity
Promote proactive billing compliance with all federal, state and HSCRC regulations
Improve operational efficiencies and reduce compliance risk through charge capture monitoring, interventions, education and clinical department collaboration
Oversee management of hospital Charge Description Master (“CDM”)
Conduct proactive charge capture assessments, issue identification, and remediation
Support clinical and financial system build, maintenance, testing, and support
Financial & Capital Planning
Strategic financial and capital planning and analysis for all components of the System.
Accountable for developing and maintaining the Five Year Financial and Capital Plan
Management, oversight and reporting of capital project budgets and funds
Management of State mandated reporting for Capital
UMMS Corporate Decision Support
Oversight and consolidation of UMMS operating budgets
Management of UMMS budgeting and reporting system
Expense analysis and reporting
UMMS program development analysis
Corporate Treasury
Development and implementation of Treasury Strategy
Daily liquidity and Treasury Operations Management
Investment portfolio management
Debt portfolio management and reporting
Investor/ Bond holder relations management
Compliance with debt covenants and disclosures
Maintain payer relations for all UMMS entities
UMMS payer contracting function including value-based care arrangements
Payer contract management and compliance
Develop and administer system-wide Payer strategy
The following statements are intended to describe the general nature and level of work being performed by people working in an intern role depending on the are being supported. These are not to be construed as an exhaustive list of all job duties to be performed.
Education and Experience
Knowledge, Skills and Abilities
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Intern
$73k-88k (estimate)
05/01/2024
05/14/2024
umms.org
PARKTON, MD
7,500 - 15,000
1984
Private
$3B - $5B
Ancillary Healthcare
UMMS is a university-based regional health care center that provides acute care and specialty rehabilitation services.
The following is the career advancement route for Intern, Finance positions, which can be used as a reference in future career path planning. As an Intern, Finance, it can be promoted into senior positions as a Financial Associate (Corporate) II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Intern, Finance. You can explore the career advancement for an Intern, Finance below and select your interested title to get hiring information.