Business Manager - Ambulatory Services

Silver Spring, Maryland-Silver Spring
Apr 09, 2021
Apr 23, 2021
Full Time
Participates in planning, implementation, management and evaluation of service/department activities for Children's National in accordance with accepted national standards and administrative policies. The Business Manager is responsible for preparing and ensuring the accuracy of monthly financial reports for each assigned cost center. Will review and analyze variances with each team and tracks progress of any improvement plans. Assist with the development and monitoring of operating and capital budgets to ensure accurate reporting of revenue and expenses. Work closely with leadership team in developing business strategies and new business plans. Proactively review current processes and make recommendations to improve efficiencies.


Minimum Education
Bachelor's Degree - required
MBA - pref.

Minimum Work Experience
5 years - Business Administration, Hospital Administration, Public Administration or other related field (Required)
3 years - Progressive financial analytics and data modeling (Preferred)

Required Skills/Knowledge
Demonstrates creativity, foresight and judgment in managing competing demands and workload.
Analytical ability sufficient to evaluate data, make judgments and provide recommendations and action plans regarding department operations and budgets, design protocols, and generate actionable business reports.
Familiarity with healthcare finance.
Skilled communicator with a style that engenders trust and accountability while partnering with diverse team members.
Highly energetic with a collaborative style and ability to quickly adapt to an ever changing environment.

Functional Accountabilities

Department Strategic Planning
1. Contribute to strategic plan formulation for department services, including both short-term and long-term objectives.
2. Collaborate with leadership to evaluate new program initiatives for effectiveness, sustainability and fiscal feasibility.
3. Assist department leadership with development, implementation and evaluation of services, programs, policies and procedures, and performance standards to achieve departmental goals.
4. Promote the success of organizational and department initiatives by clearly aligning programs to the mission.

Budget & Financial Management
1. Prepare documentation and projections to support operating and capital budget planning process for responsible cost centers.
2. Monitor and/or prepare daily, monthly, and quarterly performance data for budget variances and collaborates with management team to resolve discrepancies; action plan to meet budget gaps.
3. Monitor payroll distribution of staff to ensure salary expenses are within budgeted projections; ensures timely correction of payroll allocation.
4. Review monthly statistics; analyze variances and communicates with leadership teams to address gaps and correction plans.
5. Prepare business plans for new ventures, acquisitions & purchase of new equipment.
6. Analyze revenue reconciliation and reimbursement to identify trend, insurance contract negotiations and collaborates with team to develop and implement correction plan.

Performance Metrics, Program Evaluation & Enhancement
1. Assist in the development, evaluation and implementation of new ventures, services, partnerships and acquisitions; develops business plans and financial projections.
2. Work with leadership team to develop performance metrics and evaluation tools for measuring each aspect of clinical contracts and quarterly performance indicator reports.
3. Provide analysis of performance metrics reports and updates financial dashboard.

Grants/SPF management
1. Assist Foundation team in preparing grant reports as requested.
2. Monitor and/or prepare monthly special purpose funds performance reports and resolve discrepancies as needed.
3. Work with Grants Management Office in preparing for new grant submissions as well as monitoring on-going grants expenses to ensure appropriate accounting of grant related expenses and FTE allocation. Make corrections as needed.

Project Management
1. Develop business plans for new programs, acquisitions, or equipment. Monitor the return on investment (ROI) semi-annually for each business plan and submit to leadership team with analysis and recommendations.
2. Creates project plans with milestones, deliverables and accountability assignments.
3. Proactively work with project team to ensure projects are delivered on budget in a timely manner.

Childrens National Hospital is an equal opportunity employer that evaluates qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender, identity, or other characteristics protected by law.

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