MANAGER, FINANCE - RUMG

Company: Rush University Medical Center
Location: Chicago
Posted on: November 15, 2024

Job Description:

All potential candidates should read through the following details of this job with care before making an application.
Location: Chicago, IL
Hospital: Rush University Medical Center
Department: RUMG Admin Finance
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)
Rush offers exceptional rewards and benefits. Learn more at our Rush benefits page.
Summary:
The Finance Manager at Rush Medical Group (RMG) is a pivotal leadership role overseeing comprehensive financial reporting, operational data analysis, and administrative functions. Acting as a key resource for decision-makers, the Manager collaborates with RMG Leadership, Corporate Finance, Information Services, and the Budget Office to develop and maintain analytical needs within financial reporting systems. Responsibilities include the development of fiscal productivity reporting, analysis of volumes, and active involvement in projects impacting productivity. Additionally, the Manager handles financial tasks related to proformas, lookbacks, and funds flow.
This multifaceted role extends to partnering with the Associate Vice President of RMG Finance and Perioperative Leadership across the system and a key leader in developing the annual volume budget. The Finance Manager collaborates with RMG leadership, Department Administrators, and Service Line leaders to produce ad-hoc reports addressing productivity, financial variances, and operational metrics. Leveraging hospital and medical group benchmarking through a data-driven approach, the Manager formulates recommendations and collaborates with leadership to implement changes, driving improved financial outcomes and operational efficiency.

Required Job Qualifications:

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• Bachelor's degree or higher in business, accounting, or a related field required.
  
• At least three years of related healthcare experience in practice management, finance, or decision support.
  
• Financial analysis and modeling experience required.
  
• Advanced proficiency in the Microsoft Office Suite, including Excel and Access.
  
• Excellent interpersonal and organizational skills.
  
• 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.
  
• Initiative 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 to interface with both internal and external individuals.
  
• Works collaboratively with the team members and other staff members.
  
  Preferred Job Qualifications:
  
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  • Master's degree in business, health care administration, or related field preferred.
    
    
    
    Responsibilities:
    Financial Reporting and Analysis:
    
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    • Liaison with Information Services and the Budget Office to develop infrastructure for monthly financial and operational reports.
      
    • Utilizes EPIC transactional cube, Axiom, and Link reporting for analytics and functionality.
      
    • Reviews actual vs. budget performance monthly, providing budget variance explanations for RMG departments and surgical/procedural performance.
      
    • Prepares and analyzes monthly RMG Target Group Variance Comment Reports.
      
    • Designs and develops standard ad hoc reports to translate complex data into decision support tools for management.
      
      Strategic Planning and Development:
      
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      • Actively engage in the development and implementation of the strategic plan for perioperative and interventional services and ensure it is aligned with the medical group's strategic recruitment initiatives.
        
      • Collaborates with RMG and Service Line leadership to implement financial and operational recommendations to improve financial performance.
        
      • Supports the development and implementation of an RMG and system-wide strategy for data analytics and reporting.
        
      • Promote the development and implementation of cross-functional collaboration between RUMC, ROPH, ASCs, and RMG to ensure the most effective recruitment of top-notch surgeons and interventionalists for the Rush System.
        
      • Develops and manages business plan proformas for new faculty, clinicians, services, and opportunities.
        
        Budgeting and Forecasting:
        
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        • Plays a key role in the development of the annual budget process in collaboration with the medical group and perioperative leadership.
          
        • Incorporates proforma and benchmarking data into the budgeting and volume projection process.
          
        • Completes annual lookback analysis for faculty hires, capital, and new program development.
          
        • Provides long-range financial planning on issues impacting clinical practice and faculty practice plan.
          
          Operational Efficiency and Performance Improvement:
          
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          • Conducts regular education and training sessions with RMG and Hospital departments for financial and volume reporting.
            
          • Lead program planning, implementation, and evaluation efforts for areas of responsibility (finance, project management, sterile processing, health system management students, billing, and scheduling) both at a strategic and tactical level.
            
          • Provide oversight for the development of departmental budgets and ensure financial accountability for overall annual operations and capital expenditures of perioperative and interventional services.
            
          • Develops and prepares reports to track financial and operational performance.
            
          • Collaborates with Revenue Cycle and Decision Support departments for process improvement.
            
            Leadership and Collaboration:
            
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            • Supervises and coordinates designated employees, overseeing various personnel functions.
              
            • Collaborates with the AVP of Corporate Finance, VP of Perioperative Services, and executive medical group leaders on governance meetings.
              
            • Identify, develop, and align talent for the business office and strategic planning team to support the organization's mission and values.
              
            • Partners with the Health System decision support team for efficiency and performance report builds.
              
            • Leads Change, Drives for Results, Builds Teams, Focuses on Customers and Communicates effectively.
              
              
              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.
              
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Keywords: Rush University Medical Center, Wheaton , MANAGER, FINANCE - RUMG, Executive , Chicago, Illinois