Business Manager

Location
Silver Spring, Maryland-Silver Spring
Posted
Jul 27, 2021
Closes
Sep 25, 2021
Ref
2100024M
Function
Management
Industry
Healthcare
Hours
Full Time
Leads planning, implementation, management and evaluation of managed services activities for the Pediatric Health Network (PHN), in accordance with accepted national standards and administrative policies. Will review and analyze variances with each team and track 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. Manage sub-teams for current and potential new service lines.

Qualifications

Minimum Education
Bachelor's Degree (Required)
MBA (Preferred)

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

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

Budget & Financial Management
  • Prepare documentation and projections to support operating and capital budget planning process for responsible cost centers.
  • Monitor and/or prepare daily, monthly, and quarterly performance data and collaborate with management team to resolve discrepancies; action plan to meet gaps.
  • Monitor payroll distribution of staff to ensure salary expenses are within budgeted projections; ensures timely correction of payroll allocation.
  • Review monthly statistics; analyze variances and communicates with leadership teams to address gaps and correction plans.
  • Prepare business plans for new ventures, acquisitions & purchase of new equipment.

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

Project and Financial Management
  • 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.
  • Creates project plans with milestones, deliverables and accountability assignments.
  • Proactively work with project team to ensure projects are delivered on budget in a timely manner.
  • Assist PHN team in preparing financial reports and analysis, as needed.
  • Monitor and/or prepare performance reports and resolve discrepancies, as needed.

Organizational Accountabilities
Organizational Accountabilities (Staff)
Organizational Commitment/Identification

Teamwork/Communication
Performance Improvement/Problem-solving
Cost Management/Financial Responsibility
Safety

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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