Business Data Analysis Manager

Job Summary: Works collaboratively, and shares responsibility, for the oversight of all financial, revenue optimization and analytical functions and related initiatives for the assigned service line and associated departments; provides direct support in supporting leaders within the division to ensure business objectives and budgets are achieved.
Prepares, analyzes, and interprets business intelligence, budget data and financial information to assist the division in achieving financial, operational, quality, operating and capital budgets, revenue optimization and productivity goals.
Serves as the primary liaison for the division in developing revenue optimization tools, dashboards, benchmarking, forecasting and leading special revenue generating projects and payor optimization initiatives.
EDUCATION/EXPERIENCE: At least five years’ experience in combination of healthcare finance, project management, revenue cycle and business analytics Bachelor Degree in Accounting, Business or Hospital Administration preferred LICENSURE, CERTIFICATION, and/or REGISTRATION: CPA preferred ESSENTIAL FUNCTIONS: Performs financial and operational analyses to develop appropriate recommendations to drive financial and operational decision making for the division.
Prepares, summarizes and analyzes monthly, quarterly and annual reports using accounting practices and methods.
Monitors actual expenditures and revenues, reconciling records against the financial reports, recommending opportunities for cost saving measures or revenue enhancements.
Assists with preparation of MOR reporting on behalf of the division and follows through with necessary follow-up actions.
Assists the division’s Business Administrators and Administrative Directors with annual budgets, capital equipment needs, and revenue optimization initiatives.
Assists with oversight, and responsibility for the coordination, development, and delivery of the capital and operating budgets and creates and oversees the development of robust analytics to support decision making including determining fiscal requirements and preparing annual capital and operating budgets; monitor, verify, and reconcile expenditure of budgeted funds.
Assists in coordinating the budget preparation for the division in total and associated departments by streamlining communication and ensuring deadlines are met for the division.
Assists with accounting practices with in the division and will notify Business Administrators, Department Chairs and others leaders of needed budgetary adjustments to ensure sound accounting practices.
Serves as primary lead in developing benchmarks for departmental, service line and divisional Corporate Revenue Cycle (CRC) and serve as lead liaison with the CRC functions.
Educates divisional personnel on CRC tactics and metrics.
Prepares divisional business plans, financial and performance forecast and special projects in conjunction with the division.
Assists in the development of short/long range strategic plans.
Supports divisional program planning for new facilities or programs as needed.
Identifies opportunities for revenue cycle optimization and uses business intelligence information to ensure strategic initiatives align with value added activities.
Prepares presentations in a professional format for decision-making process.
Cultivates strategic relationships across the health system and related departments to ensure information is gathered efficiently to develop and drive strategic initiatives.
Seeks to understand processes and systems within other departments and offers assistance across the health system, as needed, to drive related medical center initiatives.
Communicates effectively with partner departments, service lines and shared services to ensure alignment in strategic and operational initiatives.
Compiles, monitors, and interprets business intelligence information to develop recommendations.
Identifies trends and variances based on measuring and analyzing key performance indicators.
Responsible for making presentations to the Leadership Team and other groups to provide updates.
Uses BI information to recommend operational changes for conserving resources and improving revenue.
Develops, implements and trains leaders on new and upgraded financial management systems, cost accounting systems, revenue performance dashboards and reports and financial policies and procedures.
Supports and monitors data management systems.
Develops specific monitoring tools to measure and report financial, operational, quality, operating and capital budgets, revenue optimization and productivity metrics.
Responsible for the development and ongoing maintenance of dashboards.
Assists leadership in management/follow-up of items associated with the Commitment to Excellence (CTE) and in developing consolidated dashboards across multiple locations across the division and Service Lines.
Leads the development of financial and operational reports and analyzes key indicators, progress, adverse trends and makes appropriate recommendations and/or conclusions in areas of finance, revenue performance, productivity and quality.
Works with the Business Administrators and Administrative Directors to understand staffing needs across the division and interfaces with Human Resources in the recruitment and selection process.
Effectively communicates information to employees to keep staff informed service lines, divisional and medical center procedures.
Demonstrates responsibility for personal development by participating in continuing education offerings and health system activities.
This includes assuming responsibility for keeping informed about health system policies, attending personnel updates and other hospital required activities/classes, maintaining professional competence by demonstrating self-direction for continued education and participating in divisional staff meetings SKILLS & QUALIFICATIONS: Excellent communication, presentation and facilitation skills.
Excellent financial and analytical competency Strong communication (verbal and written), facilitation, quantitative, process management and analytical skills are required Strong PC background in computer spreadsheets systems and presentation packages Strong problem-solving abilities and analytical skills required Good process and project management foundation Ability to handle multiple tasks at a time Must possess willingness to take on responsibilities and challenges Must be a team player with focus on customer satisfaction Must be self-motivated and able to work independently Must be able to maintain confidentiality