Oversees various patient service markets' financial operations including budgeting/forecasting, financial reporting oversight in partnership with system accounting, strategic financial analysis, hospital patient access, and market based revenue cycle performance. Ensures financial strategies and processes align and effectively support the achievement of the organization’s objectives and internal controls are maintained and employed. Works in collaboration with various leadership to identify and execute on financial performance improvement initiatives, including expense control methods, contributing to optimal performance and strategic positioning efforts. Assists in prioritizing and allocating limited capital resources to assure alignment with strategic initiatives and revenue optimization opportunities.
Oversees the financial performance of operations for various Patient Service Markets. Prepares and reviews reports on financial performance. Oversees, investigates, analyzes and presents recommendations with respect to costs and revenue initiatives, including processes, re-engineering and detailed performance/financial/program reviews, to ensure stated financial goals are attained.
Works collaboratively with operations management and corporate revenue cycle departments to identify and implement revenue cycle process improvement opportunities to optimize revenue and better understand/enhance payer and reimbursement trends.
Collaborates with Market and System operations leadership to ensure completion and maintenance of annual operating budgets/rolling forecast and cost accounting models meeting established deadlines and system parameters. Analyzes variances from budgets/forecasts and communicates such to operations management. Makes recommendations to and partners with Market and entity operations leaders to ensure financial targets are met and/or exceeded.
Leads and/or participates in Market, specific entity, and System initiatives to develop new services/processes by identifying issues, brainstorming ideas, and proactively creating action/bridge plans working to include appropriate stakeholders in discussions.
In partnership with the corporate financial planning function, ensures the integration of financial planning tools among management teams for strategic, financial, operations, quality management and other management decision making processes and applications by facilitating the information exchange.
Serves as a resource/liaison for management, corporate finance staff (general accounting and reimbursement), departments and functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology by providing guidance on policies and procedures, input on financial statement preparation process, consultation on specific finance-related issues or day-to-day operations issues, and notification of material issues impacting net reimbursement.
Performs monthly operating reviews with Market, hospital, entity, and medical group management as well as corporate management in accordance with Aurora system and/or site guidelines and offers training/education to address financial and accounting issues. Provides financial direction to operating departments to assist them in achieving goals while remaining within established budget thresholds/parameters.
Understands company’s accounting transactions and participates in internal and external auditing. Collaborates with system accounting to maintain proper accounting systems that protect assets, provide viable management information and align with Generally Accepted Accounting Principles (GAAP), as well as Aurora’s financial policies.
Ensures financial integration within and across patient service markets and patient service organizations/entities.
Responsible for the financial component, compliance, and strategic direction of Aurora’s 340B Program, serving as Chair of the Strategic Optimization Committee and requisite steering committees. Partners with system pharmacy and corporate compliance/legal. Pursues appropriate program optimization strategies including, but not limited to, additional contract pharmacy relationships and expansion of the specialty pharmacy network/structure.
Master's Degree (or equivalent knowledge) in Finance or related field.
Required Management Experience
Includes 10 years of management experience in healthcare financial operations which includes experiences overseeing financial operations and developing and executing financial strategies within a large complex organization.
Aurora Health Care is an integrated, not-for-profit, and all-for-people health care provider serving communities throughout eastern Wisconsin and northern Illinois. Our approach keeps people in our minds and at the heart of everything we do. We treat each person as a person, not as a patient, an illness or an appointment.
Aurora got its start in 1984 when two established Milwaukee hospitals, St.... Luke's Medical Center and Good Samaritan Medical Center, came together to form Aurora Health Care. Over the years, our organization grew, allowing us to help more people and communities.
Today we serve communities throughout eastern Wisconsin and northern Illinois, with 15 hospitals, more than 150 clinics and 70 pharmacies in 30 communities. We strive to offer services that are close to home, and help make the whole community healthier.