Director of Financial Planning at Mount Auburn Hospital in Watertown, Massachusetts

Principal Duties and Responsibilities

1. Establishes procedures/systems for the annual operating and capital budget programs.

2. Reviews departmental budget requests with department directors and senior management.

3. Establishes procedures and systems to accumulate accurate statistical and financial data for internal and external reporting requirements.

4. Assists in contract negotiations with third party payers.

5. Acts as a liaison to physicians on financial issues.

6. Works with BILH to develop and maintain computer models to measure and report net revenues accurately on a monthly basis for financial statement presentation.

7. Prepares studies of hospital programs for senior management.

8. Assist BILH with the accurate filing of all third party reporting to Medicare, the Rate Setting Commission, Blue Cross, HMOs, and other regulatory agencies as required.

9. Assists senior management in analysis of budget variances.

10. Prepares and manages the department's operating budget.

11. Works closely with Senior Management for the development of business plans for all patient services.

12. Remains current on all regulatory and technical matters; alerts senior management to significant developments.

13. Assists BILH with third-party reimbursement audits.

14. Works closely with the Director of Financial Operations and other department directors to coordinate activities of the Finance Division.

15. Interviews, selects and evaluates subordinate managers. Supervises a professional staff and through them, clerical staff in the daily activities of the department.

16. Regularly makes presentations to groups such as department heads, senior management, trustees, and medical staff on budgetary and other financial matters.

17. Supports and participates in the hospital's commitment to Continuous Improvement. Through the development and use of objective data, plans, implements, and evaluates processes that result in the delivery of integrated services.