UCSF Health includes UCSF Medical Center, which is ranked among the top 10 hospitals nationwide, as well as UCSF Benioff Children's Hospitals and additional affiliates throughout the Bay Area. Recognized for innovative treatments, advanced technology, collaboration among health care professionals and scientists, and a highly compassionate patient care team, these hospitals serve as the academic medical center of the University of California, San Francisco, which is world-renowned for its biomedical research. UCSF Health’s nationally preeminent programs include cancer, children's health, the brain and nervous system, organ transplantation, and women's health. It operates as a self-supporting enterprise within UCSF and generates its own revenues to cover the operating costs of providing patient care.
We're seeking a dynamic Director of Financial Planning & Decision Support for UCSF Benioff Children's Hospitals, a multi-campus system in the Bay Area.
Reporting to the Senior Vice President and Chief Financial Officer, the position is responsible for directing the strategic development, implementation and maintenance of all financial planning functions for the organization and its affiliates including: operational budgeting, productivity, long range financial planning, capital planning, cost accounting, decision support and Service Line analysis, business planning, and financial analysis.
The Director of Financial Planning, Decision Support and Budgeting is focused on supporting the Executive Leadership Team in achieving department and organizational goals, and in the development of the long-term direction of the organization .
The position is responsible for strategy development and for the development and enhancement of accurate financial planning to improve organization performance and advise management on the interpretation of complex financial information to assist in the decision making process with a focus on bottom line performance improvement. The Director represents the Chief Financial Officer on key programmatic and service line initiatives, and supports the Chief Financial Officer by maintaining effective relationships with Senior Management, medical staff leadership , and community physician leaders.
Essential Job Functions:
Demonstrated ability in operating budget development, cost accounting and decision support systems and software
Knowledge of and experience in implementing systems, ongoing maintenance and upgrades
In-depth understanding of the health care financial environment
Advanced understanding of hospital operations demonstrated by the ability to recognize the impact of financial data on the business as a whole and on individual departments, as well as the ability to conceptualize solutions and explain them to non-financial audiences
Able to distill relevant findings from large reports or disparate sources into meaningful information for management
Ability to see the big picture with a strong strategic focus combined with the operational , analytical, project management and data management skills to conduct detailed analyses
Must be a strong team player, able to lead and direct the activities of a team of highly skilled and motivated finance professionals
Excellent customer service, project management , and strategic planning skills
Excellent problem solving skills, presentation skills, and well-developed leadership skills
Thorough understanding of revenue cycles, reimbursement and payer contracting and hospital operations
Ability to create, design and present technical financial terminology in terms understandable to others
Self-starter with strong organizational and problem solving skills and the ability to work with multiple priorities in a fast paced environment
Strong information system skills (financial systems, Excel, Word, PowerPoint) are also necessary
Clinical background highly desirable
Outstanding verbal and written communication skills for working with management, physicians, and clinicians at all levels of the organization
Duties and Responsibilities: Financial Responsibilities
Responsible for the Operating and Capital Budget to achieve superior financial performance
Manage budget software selected by Finance/IT/Management and implement upgrades
Properly plan and execute timely operational and capital budgets
Communicates effectively with Management and Leadership Teams , including negotiating mechanics of operational budget variances and steps to achieve targets
Complete budget presentation packages for various audiences: Senior Leadership , managers and Board of Directors
Provides training and education to Directors and Managers on budget issues and budget building
Develop and maintain processes to monitor budget vs actual and to evaluate variances and business drivers
Directs the development and ongoing maintenance of an integrated long-range strategic, financial and capital plan
Manage financial planning software selected by Finance/IT/Management and implement upgrades
Works with Senior Leadership in developing long term operational and key financial indicators and targets
Identify and evaluate potential acquisitions and investments, and potential divestments ; acts as project manager for individual transactions
Conduct due diligence for acquisition and partnership projects
Works collaboratively with the Strategic Planning staff to develop forecasts and financial plans related to new business opportunities
Evaluate opportunities through analysis of market potential, customer needs, and competitive landscape; prepare and present business plans as required
In collaboration senior management and business units, develop strategy to support business objectives
Directs the development, validation and ongoing maintenance of the cost accounting system
Manages the implementation and integration of diverse reporting/data systems
Builds internal reporting systems to facilitate reporting
Acts as consultant to users of decision support data on the effective use of the information and on its system limitations
Decision Support & Service Line
Oversees the preparation of proformas and other financial and Service Line analyses pertaining to capital equipment expenditures, new programs, joint ventures, and other initiatives to assist executive management in maintaining and improving the financial well-being of the organization
Conducts financial analyses to monitor performance against budget, labor productivity, bench-marking analyses, and Service Line profitability
Participates in developing, implementing and evaluating organizational strategies and initiatives
Works with clinical leaders to develop and maintain scorecards for respective areas
Support business units in developing and executing value-maximizing strategies, continuously evaluating existing services lines and identifying new opportunities; provide business planning support as needed
Oversee market, industry and competitive analysis to identify growth areas and new products opportunities
Develop data management and reporting tools to assist departments, service lines, and practices in improved management of resource planning and utilization
Provides specific operational management review and financial assessment of proposed changes to existing clinical and operational activities; coordinates the planning, execution, and reporting of priorities identified in the operational work plan
Serves as representative to assigned governance councils or planning committees, including assisting in agenda development, preparation, and presentation
Regularly attends and participates in meetings of the CHO Board of Directors regarding issues related to strategic, financial, budget or capital plans Works on special projects independently demonstrating ability to define problem, initiates relevant analyses and produces concise and well-documented recommendations
Establishes priorities and deadlines for work completion while maintaining effective working relationships
Identifies real and potential problems that affect departmental performance , and office environment. Proactively offers suggestions for improvements and long term solutions
Responsible for ongoing professional growth and development. Shares expertise with other departmental members
Performs other duties as required
Responsible for managing a staff of highly educated and experienced professionals including managers, financial analysts, and programming analysts
Oversee staff in the preparation of financial proformas , analyses of operations , budget preparation, financial and operational reporting, and in the education of business and clinical leaders on financial results and opportunities
Effectively manage resources within the department to ensure that the team is having the greatest potential impact on the strategy and strategic direction of CHO's enterprise businesses
Foster staff development by providing exposure to healthcare operations and attendance at workshops/conferences
The incumbent maintains effective communication across organization lines and has contacts with all levels of employees . The position ensures proper management by communication with executives, board members, and medical staff. Outside of the organization, the incumbent maintains ongoing and close working relationships with other healthcare and community based organizations.
Minimum of five years experience in budgeting and decision support , strategy development and business analysis
Master's degree in hospital/healthcare or business administration from an accredited college or university, or an equivalent combination of education and experience
Significant experience in designing and leading initiatives with proven performance in meeting productivity, financial, and client satisfaction goals on deadline
Thorough knowledge of strategic planning, budget and business planning, revenue cycle & reimbursement, and health care administration within an integrated system based delivery organization
Experience in project management , internal consulting, development and facilitation of planning retreats and proven ability in management/leadership skills
The flexibility to orient and work at all UCSF Medical Center locations
Demonstrated expertise in physician group and/or hospital product line development
Experience in a matrix management or consulting type environment
Additional Salary Information: Become a part of the UCSF Health team and take advantage of our impressive array of health and welfare benefits as well as programs for a secure retirement. We offer a comprehensive benefits package on the first day of employment and a location in the heart of San Francisco.
UCSF Health is at the forefront of health care innovation. What does this mean to you? It starts with a promise to every member of every community we serve: You can count on us to help you stay well, get healthy and live better.
We’re able to deliver on this promise by leading the world in a wide range of medical research, by training the next generation of caregivers and by delivering outstandin...g patient care at every opportunity.
This unique combination of missions allows us to employ not just the brightest, most well-respected health care professionals around, but also, some of the most compassionate and attentive.
It’s also the basis of our partnerships with community hospitals and affiliations with neighborhood physicians, which enable you to get the care you need from a doctor you trust in places and times convenient to you.
And while we offer specialized care and personalized approaches to the most serious of health challenges, we’re also committed to promoting wellness and preventive care to keep you healthy. By actively serving both ends of this spectrum, we have a deep insight into our patients’ medical histories, current situations and future needs.
We believe that by reimagining what health care can be, we’re better able to redefine what is achievable for the people we serve.
In other words, everything we are, everything we do, is to make possible, possible.