Manager of Finance Operations at Prospect Medical Holdings, Inc. in Orange, California

Job Description:

The Manager of Finance Ops monitors productivity and premium labor costs for assigned hospitals. Develops strategies to reduce costs while maintaining appropriate staffing levels based on hospital census. Partners with corporate accounting, decision support, and corporate finance to ensure that hospital leadership has information necessary to make decisions. Participates in hospital operations performance improvement initiatives.With approximately 9,000 physicians to serve our 260,000 members, Prospect Medical Systems is proud to be among the most innovative medical systems in California, Texas and Rhode Island. Our extensive care services range from primary care and specialty physician services to acute care hospital and skilled nursing facilities to behavioral health and wellness services. Each of our Independent Physician Associations (IPAs) and networks support the use of advanced diagnostic and treatment tools to provide our members with convenient access to state-of-the-art healthcare. For 25+ years, Prospect Medical has been focused on our mission of supporting independent physicians where, through risk arrangements, we work closely together with health plans, facilities and healthcare physicians for the benefit of every person who comes to us for care. We provide quality healthcare services that are designed to offer our patients highly coordinated, personalized care and that help them live healthier lives. Prospect Medical Systems manages highly successful IPAs by leveraging our best-practices, results-driven administrative services to manage patients under risk arrangements with health plans/CMS.Experience with business analytics concepts and techniques (pivot tables, databases, queries, etc). Demonstrates excellent organizational skills/abilities. Ability to maintain a work pace appropriate to the workload. Ability to effectively communicate in a clear and concise manner. Strong time management skills and ability to effectively prioritize tasks. Ability to maintain flexibility and composure in a constantly changing environment. Ability to establish and maintain effective working relationships. Valid Driver's License and reliable/insured vehicle required.Finance Experience in an acute care hospital preferred. MBA preferred.Bachelor's Degree with two years of hospital experience or Master's of Business Administration (MBA) required. Master's Degree of Business Administration preferred.Valid Driver's License and reliable/insured vehicle required.Maintains appropriate oversight of staffing and labor costs, ensuring productivity meets guidelines for adjusted daily census. Optimizes daily staffing of assigned hospitals. Collaborates with leadership and Regional Director to identify and mitigate costs.|Identifies processes/areas to help achieve hospital/organization performance improvement goals. Conducts deeper dives, completes root cause analysis, and makes performance improvement recommendations.|Evaluates productivity (FTE/AADC) and bridge targets at each assigned hospital. Compares salary & wages against adjusted admissions, and works with administration to understand and identify strategies to address variances.|Partners with corporate finance and decision support to ensure all routine reports, such as labor metrics, premium dollars, incremental OT & DT, etc., are produced and distributed to leadership in a timely and accurate manner.|Assists in employee retention efforts with Administrators, CNO's and Human Resources. Works with registry vendors to ensure assigned hospitals are receiving contracted rates. Addresses all registry issues in a timely manner.Maintains appropriate oversight of staffing and labor costs, ensuring productivity meets guidelines for adjusted daily census. Optimizes daily staffing of assigned hospitals. Collaborates with leadership and Regional Director to identify and mitigate costs.|Identifies processes/areas to help achieve hospital/organization performance improvement goals. Conducts deeper dives, completes root cause analysis, and makes performance improvement recommendations.|Evaluates productivity (FTE/AADC) and bridge targets at each assigned hospital. Compares salary & wages against adjusted admissions, and works with administration to understand and identify strategies to address variances.|Partners with corporate finance and decision support to ensure all routine reports, such as labor metrics, premium dollars, incremental OT & DT, etc., are produced and distributed to leadership in a timely and accurate manner.|Assists in employee retention efforts with Administrators, CNO's and Human Resources. Works with registry vendors to ensure assigned hospitals are receiving contracted rates. Addresses all registry issues in a timely manner.