Healthcare Finance Decision Support Manager - StrataJazz
$111.16k - $172.29kFutureSoft Consulting Inc
Job Description
Job Description
Healthcare Finance Decision Support Manager – StrataJazz
Location: Dover, Delaware
Work Arrangement: Onsite
Employment Type: Full-Time
Salary: $111,155 - $172,286 annually
We are seeking an experienced Healthcare Finance Decision Support Manager with strong StrataJazz / STRATA , hospital finance , cost accounting , budgeting , and financial forecasting experience.
This position will lead healthcare financial decision support activities including service line profitability, physician practice P&Ls, cost accounting, productivity reporting, financial modeling, rolling forecasts, reimbursement analysis, and strategic financial planning .
Candidates should have significant experience working within a hospital, health system, or healthcare organization and hands-on experience with StrataJazz or STRATA Decision Support software .
This is an onsite management position in Dover, Delaware.
Key Responsibilities- Manage the healthcare Decision Support and Cost Accounting system , including STRATA / StrataJazz.
- Support and maintain StrataJazz Decision Support, Cost Accounting, Budgeting, and Forecasting functions.
- Prepare monthly service line Profit & Loss statements (P&Ls) and physician practice P&Ls.
- Analyze hospital and service line profitability, expenses, reimbursement, and financial performance.
- Develop financial feasibility studies for strategic initiatives and capital projects.
- Perform financial modeling including:
- ROI
- NPV
- IRR
- Payback period
- Cost analysis
- Reimbursement analysis
- Assist with implementation and ongoing maintenance of the STRATA rolling forecast module .
- Lead budgeting, forecasting, productivity reporting, and financial variance analysis.
- Partner with hospital leadership to review service line financial performance and unfavorable budget variances.
- Develop financial and operational performance improvement recommendations.
- Validate healthcare cost structures and cost allocation methodologies.
- Generate financial reports supporting annual audits, cost reports, community benefit reporting, GME reporting, FEMA reporting, and Single Audits.
- Provide financial information for external reporting and rating agencies including S&P, Fitch, DAC, and EMMA.
- Train hospital managers and directors on productivity and financial decision support tools.
- Manage ad hoc financial analysis and executive reporting requests.
- Support ERP, financial system, leasing software, and decision support implementations.
- Mentor Decision Support and financial analysis staff.
- Work closely with Finance, Accounting, Revenue Cycle, Operations, Reimbursement, and executive leadership.
Requirements
Required Qualifications- Bachelor's degree in Finance, Accounting, Business, Healthcare Administration, or related field .
- Minimum 10 years of experience in one or more of the following:
- Healthcare Finance
- Hospital Finance
- Decision Support
- Cost Accounting
- Budgeting
- Financial Planning & Analysis (FP&A)
- Financial Forecasting
- Hands-on experience with STRATA or StrataJazz financial software .
- Strong healthcare or hospital industry experience.
- Experience with financial forecasting and budgeting .
- Experience with hospital cost accounting and service line profitability .
- Experience developing financial feasibility studies and financial models.
- Strong knowledge of ROI, NPV, IRR, and capital investment analysis.
- Strong Excel, analytical, reporting, and financial modeling skills.
- Experience presenting financial information to senior leadership.
- MBA, MHA, Master's in Finance, Accounting, or related discipline.
- Advanced experience with StrataJazz .
- Experience with:
- StrataJazz Decision Support
- StrataJazz Cost Accounting
- StrataJazz Planning
- StrataJazz Forecasting
- Rolling Forecasts
- Service Line Profitability
- Hospital reimbursement or healthcare contracting experience.
- Physician reimbursement experience.
- Bundled payment experience.
- Healthcare or financial professional certification.
- Previous management or supervisory experience.
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