Hazard, Kentucky
Decision Support Manager Job Opening in Hazard, Kentucky - Overview
The Decision Support Manager is responsible for planning, directing and overseeing the Corporation?s Financial Decision Support System, including month-end processing and reporting, cost accounting, productivity reporting, supervision and leadership of analyst and auditing staff, and interaction with leaders and decision makers throughout the organization.
Responsibilities
The goal of the Corporation?s decision support function shall be to effectively and efficiently provide key financial, statistical, and operational data to aid in optimal decision making in an ever-challenging healthcare include:
1. Responsible for planning, directing and overseeing all Financial Decision Support systems and staff, including, but not limited to, bi-weekly and month-end processing for productivity and GL variance analysis; coordination of patient level data processing and development of all associated reporting.
2. Manage the decision support and reporting functions for the Corporation, including the scheduling of data downloads, maintaining systems and processes, and ensuring that established timelines for reporting are met 95% of the time.
3. Lead and supervise team of analysts and auditors, including human resource functions, mentoring and coaching, and evaluation of performance. Responsible for overseeing the training and development of existing and new staff. Will build an effective team for the long term.
4. Provide regular and periodic education for users at all levels on decision support and business intelligence tools, reports and dashboards, and other pertinent data.
5. Develop and generate reports for Corporate and business unit leadership; including proforma financial statements and analyses, cost and reimbursement reporting, and detailed clinical reports. Manager shall ensure that reports are completed accurately, timely and meet client expectations. Analyzes trends that affect overall profitability and performance compared to both external and internal benchmarks. Reports on cost, revenues, income and cash flow of physicians, departments, service lines, hospitals, clinics, business units, and other products or services of the System.
6. Develop, augment and refine the Corporation?s cost accounting methodology. Ensure that cost is updated on a regular basis per defined schedules and ties back to overall financial statement expense.
7. Leads process in development, refinement, and maintenance of service and product lines for the Corporation. Ensures that such service line definitions are regularly reviewed and updated as necessary. Works closely with clinical or HIM professionals as needed to engage their expertise in this process.
8. Serves as key resource for the Corporation?s managed care contract analysis. This shall include creating reimbursement rules or models for existing or proposed contracts for governmental or managed care payers, with component-level analysis of actual, expected, and proposed payments. Manager shall provide analysis and interpretation of such data for senior leaders as needed and requested. Shall also assist Finance leaders in evaluating performance of contracted third parties engaged in underpayment analysis and related functions. Works closely with revenue cycle staff and leaders as needed.
9. Serves as key part of Corporation?s budget team, and participates in the budget process from inception to implementation, including close collaboration with accounting and other finance departments. Assists unit leadership and department managers with budget issues. Provides education on budget as needed,
10. Leads rate increase and optimization process, including notification to managed care payers of future price increases, rate optimization process, and coordination with chargemaster team to ensure rates are adequate and competitive.
11. Serves as a role model and resource to colleagues, staff, and others. Interacts with all levels within the organization.
Qualifications
Bachelors Degree in accounting, finance, or related field required; MBA or Masters Degree preferredCPA licensure preferred, five years of healthcare accounting leadership experience preferred. 5-7 years of progressively responsible health care finance experience required * Knowledge of the health care finance and operations * Knowledge of the Corporation?s operating units and the issues and reporting needs of the leaders and decision makers within those units * Attention to detail * Analytical ability, including trend analysis and analytical review and proficiency to evaluate data for reasonableness * Knowledge of cost accounting methods * Ability to prepare and evaluate financial statements and related data * Experience in working with payer contracts, terms and conditions as well as governmental payment systems. * Thorough knowledge of Decision Support Systems, Budget and Planning processes and strong understanding of facility billing systems. * Excellent strategic and critical thinking skills. * Numerical and advanced analytical ability * Good spreadsheet and other computer skills * Ability to communicate with individuals throughout the organization and good presentation skills to provide education and training as needed * Ability to motivate staff to achieve desired results * Ability to work independently in a time-oriented environment. * Excellent skills in managing workload timely and efficiently * Works well within a team environment, even when team is geographically distributed
Job Type: Full-time
Required education:
Bachelor's
Required experience:
Accounting: 5 years
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