Business Manager

Responsibilities

• Plans, develops, and implements annual operating and capital budgets for the service line.
• Maintains budget adherence and compliance, monitors expenditures, and ensures cost-effective operations.
• Develops and implements strategies to maximize revenue for the service line while maintaining regulatory compliance.
• Affirms cost reduction activities for the service line and assesses financial viability of existing programs.
• Analyzes historical data for budget preparation and funding request justification.
• Maintains key financial indicators to proactively address financial matters and assist with strategic planning.
• Monitors and tracks financial trends including revenue and labor expenses; provides ad hoc reporting.
• Analyzes financial implications and impacts of proposed and existing programs; recommends improvements in systems and processes.
• Develops and implements strategic initiatives focused on improving profitability and market share of the department.
• Serves as a liaison between the department and finance for revenue management, ensuring appropriate use of hospital funds.
• Monitors and ensures proper accounting of service line expenditures; prepares financial, clinical, and benchmarking reports.
• Negotiates contracts with vendors for equipment maintenance and repair; evaluates feasibility of equipment purchases.
• Supervises the development of comprehensive business plans and program initiatives to support department goals.
• Ensures operational elements of revenue management, including tracking, collecting, and recovering revenue.
• Establishes audit mechanisms to track charge master and revenue management within the department.

Requirements

• Bachelor’s degree in a work-related field/discipline from an accredited college or university.
• Five years of progressively responsible and directly related work experience.

Qualifications

• Knowledge of financial systems, including operations, budgeting and analysis, statistics, and forecasting and modeling.
• Knowledge of principles and practices of organization, administration, fiscal and personnel management.
• Knowledge of financial and operational management information systems.
• Knowledge of local, state and federal regulatory requirements related to the functional area.
• Ability to develop and administer departmental budgets.
• Ability to identify the need for and pursue interdepartmental process improvement to maximize financial outcomes.
• Ability to develop, write, analyze, and present business plans, proposals, contracts, and financial analysis reports.
• Ability to use sophisticated conceptual, numerical, analytical, and statistical skills to solve complex, unique financial problems.
• Ability to provide leadership and influence others.
• Ability to foster effective working relationships and build consensus.
• Ability to mediate and resolve complex problems and issues.
• Ability to develop long-range business plans and strategy.

Skills

• Strong decision-making, problem-solving, project management, analytical, interpersonal, negotiation, and collaboration skills.

Pay

Base Pay Scale: Generally starting at $62.75 - $83.16 per hour. The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to, internal equity, experience, education, specialty and training.