Mary Free Bed
Director of Financial Planning & Analysis
Mary Free Bed, Grand Rapids, Michigan, United States, 49503
Director Of Financial Planning & Analysis
Under the direction of the Vice President of Finance, assists with financial planning and budgeting processes, analyzing financial statements and reports, developing financial models, and preparing projections across MFB subsidiaries and clinical service lines. Works with the Vice President of Mary Free Bed Advisory Group to develop partnerships and professional services agreements throughout the post-acute continuum. Evaluates the feasibility of new programs and facilitates implementation. Essential Job Responsibilities Explores opportunities for Mary Free Bed to develop and/or to partner with other health care providers in the development of new or existing post-acute services Uses decision support tools appropriately Analyzes bed needs and financial feasibility. Identifies relationships with referral partners and assesses the potential patient volumes. Evaluates physical space requirements, availability within existing facility, needs for additional construction, renovation and equipment, and resources available to meet these needs. Assesses other potential operational roadblocks to integration of the rehab unit with partner facility and the MFB Network, i.e. systems integration issues, differences in processes, standards of care, organizational culture. Completes market assessments using various databases Manages 3rd party consultants related to evaluating transactions (ie: valuations, auditors) Identifies requirements and recommends effective processes to obtain required approvals from governmental and other regulatory bodies, including Certificate of Need, licensures, accreditations, etc. Facilitates transition of new or integrated inpatient program to Operations: Establishes project timeline, objectives and goals. Facilitates integration of new program financials with Mary Free Bed accounting. Presents to Mary Free Bed executives and Advisory Group clients. Presents consulting conclusions, data analysis and feasibility studies. Works with clients to obtain necessary facility specific data as requested to perform consulting and discovery projects Provides financial expertise to the Mary Free Bed including but not limited to: Industry trends and risk mitigation Financial statement analysis Reimbursement, capacity analysis, operational efficiencies, etc. Investment analysis Annual Budgeting Financial opportunities Develop financial models through benchmarking and process analysis, compare anticipated and actual results and identify areas of improvement Other duties as assigned, including but not limited to: Creates graphical representations of data using a variety of data management systems. Integrates graphs into reports and presentation documents. Develops relationships with key internal and external stakeholders Researching, conducting analysis and contributing to white papers that are distributed by the organization Staying current with CMS, State, and healthcare laws, trends and regulations as they pertain to specific projects Oversight of interns/students as appropriate Willing to travel by plane and car on overnight trips as appropriate Leadership Must-Haves will be followed for patient and staff interactions: We'll embrace all people by: Treating everyone with dignity and respect. Opening more doors to opportunity for others to succeed. Growing talent and people. Ensuring a welcoming experience for all we serve, regardless of origin, race, religion, disability, sexual orientation or socioeconomic status. Taking action against discrimination. Honoring our differences and how we collaborate. Educating staff, patients and the communities we care for. Restoring hope and freedom, together. Rounding Thank You Notes Employee Selection/Peer Interviewing Key Words at Key Times AIDET + Promise Standards of Behavior Customer Service Responsibilities Demonstrate excellent customer service and standards of behaviors as well as encourages, coaches, and monitors the same in team members. This individual should consistently promote teamwork and direct communication with co-workers and deal discretely and sensitively with confidential information. Responsibilities in Quality Improvement Contribute by identifying problems and seeking solutions. Promote patient/family satisfaction where possible; participates in departmental efforts to monitor and report customer service. Essential Job Qualifications Bachelor's degree, Masters Degree preferred. A minimum of 5 years of related FP&A or M&A experience, preferably within the healthcare market. Ability to use various decision support tools Proficient in Microsoft Office including Word, Excel, PowerPoint and data visualization Excellent data, statistical and system analysis skills. Ability to develop and implement a customized plan that addresses and delivers solutions unique to each partner/customer. High level of discernment regarding business plans and decisions. Quick learning style. Sense of urgency, collaborative team style, and ability to quickly adapt to changes in priorities with strong decision-making skills. Excellent analysis and decision-making skills. Ability to multi-task for timely project completions. Demonstrated commitment to organizational mission with a "whatever it takes" attitude to get the job done. Effective written and verbal communication skills. Physical Requirements for Essential Job Qualification Levels
: None (No specific requirements) Occasionally (Less than 1/3) Frequently (1/3 to 2/3) Majority (More than 2/3) Remain in a stationary position: Occasionally Traverse or move around work location: Occasionally Use keyboard: Majority Operate or use department specific equipment: none Ascend/Descend equipment or ladder: none Position self to accomplish the Essential Functions of the role: none Receive and communicate information and ideas for understanding: Majority Transport, position, and/or exert force: Up to 10 pounds: occasionally Up to 25 pounds: none Up to 50 pounds: none Up to 75 pounds: none More than 100 pounds: none Other weight: Up to___ pounds _____ Other: _____ Consistent with the Americans with Disabilities Act (ADA), it is the policy of Mary Free Bed Rehabilitation Hospital to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please contact the Talent Acquisition team at recruitment@maryfreebed.com. Mary Free Bed is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, veteran status, disability or other legally protected characteristic.
Under the direction of the Vice President of Finance, assists with financial planning and budgeting processes, analyzing financial statements and reports, developing financial models, and preparing projections across MFB subsidiaries and clinical service lines. Works with the Vice President of Mary Free Bed Advisory Group to develop partnerships and professional services agreements throughout the post-acute continuum. Evaluates the feasibility of new programs and facilitates implementation. Essential Job Responsibilities Explores opportunities for Mary Free Bed to develop and/or to partner with other health care providers in the development of new or existing post-acute services Uses decision support tools appropriately Analyzes bed needs and financial feasibility. Identifies relationships with referral partners and assesses the potential patient volumes. Evaluates physical space requirements, availability within existing facility, needs for additional construction, renovation and equipment, and resources available to meet these needs. Assesses other potential operational roadblocks to integration of the rehab unit with partner facility and the MFB Network, i.e. systems integration issues, differences in processes, standards of care, organizational culture. Completes market assessments using various databases Manages 3rd party consultants related to evaluating transactions (ie: valuations, auditors) Identifies requirements and recommends effective processes to obtain required approvals from governmental and other regulatory bodies, including Certificate of Need, licensures, accreditations, etc. Facilitates transition of new or integrated inpatient program to Operations: Establishes project timeline, objectives and goals. Facilitates integration of new program financials with Mary Free Bed accounting. Presents to Mary Free Bed executives and Advisory Group clients. Presents consulting conclusions, data analysis and feasibility studies. Works with clients to obtain necessary facility specific data as requested to perform consulting and discovery projects Provides financial expertise to the Mary Free Bed including but not limited to: Industry trends and risk mitigation Financial statement analysis Reimbursement, capacity analysis, operational efficiencies, etc. Investment analysis Annual Budgeting Financial opportunities Develop financial models through benchmarking and process analysis, compare anticipated and actual results and identify areas of improvement Other duties as assigned, including but not limited to: Creates graphical representations of data using a variety of data management systems. Integrates graphs into reports and presentation documents. Develops relationships with key internal and external stakeholders Researching, conducting analysis and contributing to white papers that are distributed by the organization Staying current with CMS, State, and healthcare laws, trends and regulations as they pertain to specific projects Oversight of interns/students as appropriate Willing to travel by plane and car on overnight trips as appropriate Leadership Must-Haves will be followed for patient and staff interactions: We'll embrace all people by: Treating everyone with dignity and respect. Opening more doors to opportunity for others to succeed. Growing talent and people. Ensuring a welcoming experience for all we serve, regardless of origin, race, religion, disability, sexual orientation or socioeconomic status. Taking action against discrimination. Honoring our differences and how we collaborate. Educating staff, patients and the communities we care for. Restoring hope and freedom, together. Rounding Thank You Notes Employee Selection/Peer Interviewing Key Words at Key Times AIDET + Promise Standards of Behavior Customer Service Responsibilities Demonstrate excellent customer service and standards of behaviors as well as encourages, coaches, and monitors the same in team members. This individual should consistently promote teamwork and direct communication with co-workers and deal discretely and sensitively with confidential information. Responsibilities in Quality Improvement Contribute by identifying problems and seeking solutions. Promote patient/family satisfaction where possible; participates in departmental efforts to monitor and report customer service. Essential Job Qualifications Bachelor's degree, Masters Degree preferred. A minimum of 5 years of related FP&A or M&A experience, preferably within the healthcare market. Ability to use various decision support tools Proficient in Microsoft Office including Word, Excel, PowerPoint and data visualization Excellent data, statistical and system analysis skills. Ability to develop and implement a customized plan that addresses and delivers solutions unique to each partner/customer. High level of discernment regarding business plans and decisions. Quick learning style. Sense of urgency, collaborative team style, and ability to quickly adapt to changes in priorities with strong decision-making skills. Excellent analysis and decision-making skills. Ability to multi-task for timely project completions. Demonstrated commitment to organizational mission with a "whatever it takes" attitude to get the job done. Effective written and verbal communication skills. Physical Requirements for Essential Job Qualification Levels
: None (No specific requirements) Occasionally (Less than 1/3) Frequently (1/3 to 2/3) Majority (More than 2/3) Remain in a stationary position: Occasionally Traverse or move around work location: Occasionally Use keyboard: Majority Operate or use department specific equipment: none Ascend/Descend equipment or ladder: none Position self to accomplish the Essential Functions of the role: none Receive and communicate information and ideas for understanding: Majority Transport, position, and/or exert force: Up to 10 pounds: occasionally Up to 25 pounds: none Up to 50 pounds: none Up to 75 pounds: none More than 100 pounds: none Other weight: Up to___ pounds _____ Other: _____ Consistent with the Americans with Disabilities Act (ADA), it is the policy of Mary Free Bed Rehabilitation Hospital to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please contact the Talent Acquisition team at recruitment@maryfreebed.com. Mary Free Bed is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, veteran status, disability or other legally protected characteristic.