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FutureSoft Consulting

Healthcare Finance Decision Support Manager

Corporate Finance & FP&AConfirmed live in the last 24 hours
Full-timeDover, DE, USA$111.2k - $172.3k /yr

About the Job

Requirements

  • A bachelor's degree in Finance, Accounting, Business, Healthcare Administration, or a related field is required.
  • At least 10 years of experience in healthcare finance, hospital finance, decision support, cost accounting, budgeting, financial planning and analysis, or financial forecasting is required.
  • Hands-on experience with STRATA or StrataJazz financial software is required.
  • Strong healthcare or hospital industry experience is required.
  • Experience with financial forecasting and budgeting is required.
  • Experience with hospital cost accounting and service line profitability is required.
  • Experience developing financial feasibility studies and financial models is required.
  • Strong knowledge of return on investment, net present value, internal rate of return, and capital investment analysis is required.
  • Strong Excel, analytical, reporting, and financial modeling skills are required.
  • Experience presenting financial information to senior leadership is required.

Responsibilities

  • Manage the healthcare decision support and cost accounting system, including STRATA and StrataJazz.
  • Support and maintain StrataJazz decision support, cost accounting, budgeting, and forecasting functions.
  • Prepare monthly service line profit and loss statements and physician practice profit and loss statements.
  • Analyze hospital and service line profitability, expenses, reimbursement, and financial performance.
  • Develop financial feasibility studies for strategic initiatives and capital projects.
  • Perform financial modeling, including return on investment, net present value, internal rate of return, payback period, cost analysis, and reimbursement analysis.
  • Assist with implementation and ongoing maintenance of the STRATA rolling forecast module.
  • Lead budgeting, forecasting, productivity reporting, and financial variance analysis.
  • Partner with hospital leadership to review service line financial performance and unfavorable budget variances.
  • Develop financial and operational performance improvement recommendations.
  • Validate healthcare cost structures and cost allocation methodologies.
  • Generate financial reports supporting annual audits, cost reports, community benefit reporting, graduate medical education reporting, FEMA reporting, and Single Audits.
  • Provide financial information for external reporting and rating agencies, including S&P, Fitch, DAC, and EMMA.
  • Train hospital managers and directors on productivity and financial decision support tools.
  • Manage ad hoc financial analysis and executive reporting requests.
  • Support ERP, financial system, leasing software, and decision support implementations.
  • Mentor decision support and financial analysis staff.
  • Work closely with Finance, Accounting, Revenue Cycle, Operations, Reimbursement, and executive leadership.

Desired Qualifications

  • An MBA, MHA, or master's degree in Finance, Accounting, or a related discipline is preferred.
  • Advanced experience with StrataJazz is preferred.
  • Experience with StrataJazz Decision Support, Cost Accounting, Planning, Forecasting, rolling forecasts, and service line profitability is preferred.
  • Hospital reimbursement or healthcare contracting experience is preferred.
  • Physician reimbursement experience is preferred.
  • Bundled payment experience is preferred.
  • Healthcare or financial professional certification is preferred.
  • Previous management or supervisory experience is preferred.

About the Company

FutureSoft Consulting

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