Vice President, Revenue Analytics & Budgeting Jobs in Iselin at Hackensack Meridian Health

Overview

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Vice President, Revenue Analytics & Budgeting is a network level executive position within the Finance Department of Hackensack Meridian Health (HMH). This position has direct responsibility for the: (1) construction of the annual operating budgets and related processes; (2) revenue analytics and forecasting; (3) accounts receivable valuation; (4) statistical reporting; (5) governmental reimbursement; (6) Medicare and Medicaid appeal management; and (7) third -party cost reports. By nature of this position, the Vice President must be able to interface effectively with various levels of management throughout HMH including Operational Executives, Network Management, and Senior Executive Leadership. Job responsibilities include all financial aspects of HMH's goal of achieving a financially vibrant organization.

Responsibilities

A day in the life of a Vice President, Revenue Analytics & Budgeting at Hackensack Meridian Health includes:

Revenue Analytics and Valuation:

• Provides executive level leadership and instruction regarding a network wide approach to the valuation of patient accounts receivable and operating revenue.
• Oversees the preparation of the monthly hospitals' statistics to ensure parity and consistency across the network.
• Directs the construction of the annual revenue budgets, including the correlation to statistical budgets (admissions, observations, same day surgeries and outpatient visits), and applies appropriate spreading methodology throughout the year.
• Performs and presents highly complex financial analysis to executive management.
• Provides executive leadership and instruction on analyzing trends that impact future revenues.
• Oversees all outside consultants who participate in the revenue valuation process for all Network sites.
• Facilitates multi-disciplinary meetings with departments including Managed Care, Patient Financial Services to discuss issues that may impact revenue valuation, including but not limited to volume changes, take backs, ongoing audits, etc.

Operating Budget:

• Oversees all aspects of the network budget ensuring that the HMH budget processes and financial decisions align with mission goals and objectives.
• Provides analysis and in-depth management of complex budget issues and the financial implications of short and long term, budget decisions.
• Incorporates internal controls into the budget process.
• Utilizes key financial indicators to review budget. Participates in the administrative budget review process; provide technical data and information required by executive management.
• Monitors relevant key financial indicators and performance metrics, modifying business activities where needed in response to changing financial situations.
• Demonstrates an inquisitive nature by analyzing and investigating operational performance on a prospective basis.
• Publishes monthly, a rolling forecast of projected financial performance.

Reimbursement:

• Improves the overall financial and operational excellence of the Network through the development, deployment and measurement of key policies, processes, tools, technologies and skills as they relate to third party reimbursement.
• Leads the direction of the preparation, filing and audit of the systems to construct third party cost reports. Reviews the impact of proposed audit adjustments and develops appropriate responses and negotiates final settlements with third parties.
• Directs the preparation of the GME IRS filing and DSH filings for the system.
• Monitors and reports on proposed federal and statutory legislative changes and models impacts accordingly.
• Develops the 3rd party governmental appeal strategies and initiatives.
• Participates in various state and national meetings on policy proposals affecting hospitals.
• Prepares and presents on various reimbursement topics at departmental and interdepartmental meetings as needed.

Other Duties:

• Develops and maintains skilled, customer and team oriented staff as resource to accomplish duties in a timely, accurate, efficient and positive manner.
• Creates and sustains an environment that fosters team member engagement. Establishes clear objectives tied to department and/or organizational strategic goals. Coaches, counsels and evaluates performance of direct reports.
• Uses appropriate application of financial analytical techniques and skills and effective application of broad healthcare business perspective to all engagements by 'going beyond the numbers.'
• Participates in continuing professional education to keep updated on evolving trends and regulations.
• Maintains high integrity work papers in a paperless business intelligence work environment.

Qualifications

Education, Knowledge, Skills and Abilities Required:

• BS in Finance, Accounting, or Business Management.
• Fifteen plus years in finance or accounting with a proven track record in reimbursement, revenue analytical and budgeting in a large network enterprise.
• Ten plus years of management experience preferably in a large network enterprise.
• Excellent analytical skills.
• Must be highly computer literate, including advanced use of Excel.
• Must function cooperatively as part of the finance management team and exhibit flexibility in response to changing demands and priorities.
• Ability to effectively communicate with and appropriately influence senior management from a financial perspective.

Education, Knowledge, Skills and Abilities Preferred:

• MBA and/or CPA.

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!   

Compensation
Minimum rate of $237,952.00 Annually

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.


The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to: Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness. Experience: Years of relevant work experience. Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training. Skills: Demonstrated proficiency in relevant skills and competencies. Geographic Location: Cost of living and market rates for the specific location. Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization. Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered. Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.


In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.

HACKENSACK MERIDIAN HEALTH (HMH) IS AN EQUAL OPPORTUNITY EMPLOYER

All qualified applicants will receive consideration for employment without regard to age, race, color, creed, religion, sex, sexual orientation, gender identity or expression, pregnancy, breastfeeding, genetic information, refusal to submit to a genetic test or make available to an employer the results of a genetic test, atypical hereditary cellular or blood trait, national origin, nationality, ancestry, disability, marital status, liability for military service, or status as a protected veteran.

Our Network

Hackensack Meridian Health (HMH) is a Mandatory Influenza Vaccination Facility

As a courtesy to assist you in your job search, we would like to send your resume to other areas of our Hackensack Meridian Health network who may have current openings that fit your skills and experience.