Executive Director Finance, Vanderbilt Clarksville Hospital

Key Responsibilities

• Direct supervision of hospital finance staff and other select operational departments at the discretion of the facility President, with dotted-line responsibilities to centralized Revenue Cycle, Purchasing, and Accounting teams.
• Ownership of the preparation process for all budget, forecast, and long-range planning efforts for the facility, ensuring the accuracy of all future facility projections based on knowledge of current-state facility financial trends.
• Preparation of month-end close explanations for financial and operational leadership and active involvement in the close process to ensure that stated expenses match realized revenues in the closed period.
• Validation of statistical data reporting for the facility through deep knowledge of facility financial operations on a day-to-day basis.
• Serve as a resource to assist with processes and operational workflows in key hospital areas (including, but not limited to, Admitting/Scheduling, Materials Management, and Case Management/Utilization Management), with the goal being the identification of key tactics for metric improvement and cost savings (ex. reduction of avoidable days using case-mix adjusted length of stay as a guiding metric, avoidance of purchase of non-contracted supply items at higher costs, identification of process bottlenecks in front-end Revenue Cycle processes leading to denied claims).
• Serve as the primary facility expert on productivity and position management to point out opportunities for staffing optimization and cost savings, using benchmark data to make data-driven decisions about the appropriateness of departmental staffing.
• Work collaboratively with facility managers/directors to help them financially understand their departments while pointing out opportunities for more optimal management of financial performance when warranted.
• General oversight of hospital day-to-day expense purchases to ensure fiscal responsibility and that items purchased are for true facility needs.
• Manage the capital procurement process at the facility level to ensure adherence to routine capital budgets and that the items purchased are aligned with key hospital initiatives (whether those be margin growth, patient safety, patient satisfaction, etc.).
• Ensure timely and accurate reporting of all financial data to all external agencies (ex. Joint Annual Reporting to the state of TN, synthesizing data for Medicare Cost Reports).
• Work with centralized Revenue Cycle teams to identify back-end collection issues stemming from front-end process issues and suggest opportunities for potential revenue optimization/increased cash collections.
• Collaborate with all key internal stakeholders (ex. audit) to ensure process compliance with all federal and state regulations.

Qualifications

• Bachelor’s Degree & 5 years of relevant experience with progressive responsibility in healthcare finance.
• Preferred Qualifications: MBA or advanced schooling & 10 years of relevant experience in healthcare finance.
• CPA, CTP, CFP