Manager, Finance - Internal Medicine - Rush University Medical Center
Chicago, IL
About the Job
Job Description
Location: Chicago, IL
Hospital: RUSH University Medical Center
Department: Int Med Administration MSP
Work Type: Full Time (Total FTE between 0.9 and 1.0)
Shift: Shift 1
Work Schedule: 8 Hr (8:00:00 AM - 5:00:00 PM)
Summary:
The Finance Manager is responsible for the oversight of all department financial operations in managing their industry-sponsored research portfolio through the coverage analysis, budget development, synchronization, and sponsor invoicing processes. Particular attention is paid to the annual budget process as well as the development, negotiation, and approval of individual industry-sponsored clinical research budgets and payment terms and how they relate to the annual budget process. This individual serves as a technical expert, resource and trainer on financial or clinical trial budget negotiation and develops / updates policies and procedures when necessary. In addition, this manager provides leadership to a team that supports billing to third party payers and industry sponsors. This finance team manages the monthly forecast, actual charges, accounts receivable, and cash receipts. The Manager serves as an expert for the complex financial and analytical needs of the department and is responsible for leading projects that significantly impact the vision and productivity of the division. The Manager partners with leadership to implement changes that improve the financial outcomes. The Manager formulates recommendations based upon data analysis and provides guidance and education. Exemplifies the Rush mission, vision and values and acts in accordance with Rush policies and procedures.
Other information:
Required Job Qualifications:
• Bachelor's degree or higher in business, accounting, or a related field.
• Five years of health care experience in practice management, finance, or decision support.
• Demonstrated advanced proficiency in Microsoft Office package, with advanced knowledge of Excel & Access.
• Excellent interpersonal and organizational skills.
• Experience in one of the following: clinical research coverage analysis, budgeting, and/or sponsor invoicing.
• Familiarity with Medical Device and/or combination product trials and regulations.
• Excellent oral, written and presentation communication skills.
• Ability to work with other managers in a team environment.
• Demonstrated ability to analyze complex data and communicate issues, findings, and recommendations to leadership and other constituents.
• Financial Analysis and modeling experience
• Initiative, independent judgment, and time-management skills and ability to handle multiple assignments and projects of varying degrees of complexity.
• Accepts responsibility, initiates action, and exercises judgment to complete assignments and projects as delegated.
• Professionalism and a customer-focused orientation in order to interface with both internal and external individuals.
• Works collaboratively with the team members and other staff members.
Preferred Job Qualifications:
• Master's degree in business, health care administration or related field.
Responsibilities:
1. Oversees the preparation of monthly variance analyses, and production of executive level financial performance packages.
2. Provides leadership and strategic oversight in the determination of team objectives, strategy, scope and schedule in order to meet business needs.
3. Manages the implementation, direction, and policy development in areas of finance (revenue/expense management), professional fee billing, grants/contracts, and academic appointment processing and effort allocations.
4. Provides leadership to chair, associate vice president, medical faculty and staff, research faculty and staff in formulating and implementing organizational goals and objectives.
5. Participates in negotiating agreements and managing professional service agreements.
6. Liaison to revenue cycle team. The Manager coordinates the annual budget preparation
7. Plays a key role in the development of annual volume projections
8. Defines analytics to account for the change in volumes
9. Provides guidance and education as necessary to department managers during the preparation of their budgets.
10. Functions as a financial liaison with Corporate Finance. The Manager assists with special projects.
11. Develops and executes strategies that have significant impact on the department's strategy and financial performance.
12. Coordinates regular education and training sessions with Leadership in order to broaden the understanding and accountability of financial metrics, technical skills, and other relevant concepts.
13. Represents the department in meetings and work groups. The Manager uses business intelligence and other software applications to enhance the current management reporting processes.
14. Designs and develops standard and ad hoc reports to effectively translate complex data into decision support tools for management.
15. Identifies and presents options and alternatives to improve operational and data management efficiency.
16. Provides leadership and education on the synchronization process to ensure the coverage analysis, budget, contract, and informed consent form are communicating the same information, especially to research subjects.
17. Provides policy and procedure interpretation for financials and research billing compliance.
Rush is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
Position Manager, Finance - Internal Medicine
Location US:IL:Chicago
Req ID 8254
Location: Chicago, IL
Hospital: RUSH University Medical Center
Department: Int Med Administration MSP
Work Type: Full Time (Total FTE between 0.9 and 1.0)
Shift: Shift 1
Work Schedule: 8 Hr (8:00:00 AM - 5:00:00 PM)
Summary:
The Finance Manager is responsible for the oversight of all department financial operations in managing their industry-sponsored research portfolio through the coverage analysis, budget development, synchronization, and sponsor invoicing processes. Particular attention is paid to the annual budget process as well as the development, negotiation, and approval of individual industry-sponsored clinical research budgets and payment terms and how they relate to the annual budget process. This individual serves as a technical expert, resource and trainer on financial or clinical trial budget negotiation and develops / updates policies and procedures when necessary. In addition, this manager provides leadership to a team that supports billing to third party payers and industry sponsors. This finance team manages the monthly forecast, actual charges, accounts receivable, and cash receipts. The Manager serves as an expert for the complex financial and analytical needs of the department and is responsible for leading projects that significantly impact the vision and productivity of the division. The Manager partners with leadership to implement changes that improve the financial outcomes. The Manager formulates recommendations based upon data analysis and provides guidance and education. Exemplifies the Rush mission, vision and values and acts in accordance with Rush policies and procedures.
Other information:
Required Job Qualifications:
• Bachelor's degree or higher in business, accounting, or a related field.
• Five years of health care experience in practice management, finance, or decision support.
• Demonstrated advanced proficiency in Microsoft Office package, with advanced knowledge of Excel & Access.
• Excellent interpersonal and organizational skills.
• Experience in one of the following: clinical research coverage analysis, budgeting, and/or sponsor invoicing.
• Familiarity with Medical Device and/or combination product trials and regulations.
• Excellent oral, written and presentation communication skills.
• Ability to work with other managers in a team environment.
• Demonstrated ability to analyze complex data and communicate issues, findings, and recommendations to leadership and other constituents.
• Financial Analysis and modeling experience
• Initiative, independent judgment, and time-management skills and ability to handle multiple assignments and projects of varying degrees of complexity.
• Accepts responsibility, initiates action, and exercises judgment to complete assignments and projects as delegated.
• Professionalism and a customer-focused orientation in order to interface with both internal and external individuals.
• Works collaboratively with the team members and other staff members.
Preferred Job Qualifications:
• Master's degree in business, health care administration or related field.
Responsibilities:
1. Oversees the preparation of monthly variance analyses, and production of executive level financial performance packages.
2. Provides leadership and strategic oversight in the determination of team objectives, strategy, scope and schedule in order to meet business needs.
3. Manages the implementation, direction, and policy development in areas of finance (revenue/expense management), professional fee billing, grants/contracts, and academic appointment processing and effort allocations.
4. Provides leadership to chair, associate vice president, medical faculty and staff, research faculty and staff in formulating and implementing organizational goals and objectives.
5. Participates in negotiating agreements and managing professional service agreements.
6. Liaison to revenue cycle team. The Manager coordinates the annual budget preparation
7. Plays a key role in the development of annual volume projections
8. Defines analytics to account for the change in volumes
9. Provides guidance and education as necessary to department managers during the preparation of their budgets.
10. Functions as a financial liaison with Corporate Finance. The Manager assists with special projects.
11. Develops and executes strategies that have significant impact on the department's strategy and financial performance.
12. Coordinates regular education and training sessions with Leadership in order to broaden the understanding and accountability of financial metrics, technical skills, and other relevant concepts.
13. Represents the department in meetings and work groups. The Manager uses business intelligence and other software applications to enhance the current management reporting processes.
14. Designs and develops standard and ad hoc reports to effectively translate complex data into decision support tools for management.
15. Identifies and presents options and alternatives to improve operational and data management efficiency.
16. Provides leadership and education on the synchronization process to ensure the coverage analysis, budget, contract, and informed consent form are communicating the same information, especially to research subjects.
17. Provides policy and procedure interpretation for financials and research billing compliance.
Rush is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
Position Manager, Finance - Internal Medicine
Location US:IL:Chicago
Req ID 8254
Source : Rush University Medical Center