Assistant Vice President, Hospital Financial Operations

Job Summary

The Assistant Vice President (AVP) of Finance & Hospital Operations functions as an on-site financial resource focusing on the fiscal responsibilities of the entity including, revenue growth and bottom line performance from the Hospital perspective. Coordinates with the on-site managers and directors in budget development by functioning in a lead capacity while complimenting the WellStar System Accounting and Finance departments, as well as Service Line leaders. Responsible for reviewing monthly cost center performance against budget. Working with cost center management, provide reasonable, rational explanations for variances. Demonstrate an inquisitive nature by analyzing and investigating operational performance on a prospective, rather than reactive, basis. Assist Hospital Administration and department managers with implementing corrective actions for unapproved budget variances. Responsible for reviewing and assisting Corporate Accounting with the monthly closing of the general ledger for the entity.

Other fiscal responsibilities include the analysis and creation of business plans and pro formas for initiatives and endeavors taken by the hospital / entity. Included is the follow-up and review of actual performance to implemented business plans. Capital planning and management of the budgets / plans for capital projects for the hospital / entity will be the responsibility of the AVP Finance and Operations.

Provides leadership and management for operational areas as assigned / designated. Responsible for the successful growth, financial, clinical quality, engagement and customer service performance of the Departments that report to the AVP Finance & Hospital Operations (to be specified by each entity / facility which departments are included but should include no less than 2 operational departments, either direct or matrix responsibility). Maintains positive interactions with employees, medical staff, patients and public. Participates as an active and supportive part of WellStar's Senior Leadership team in developing and implementing System strategic plans and initiatives. Provide financial education programs for facility management staff to ensure understanding and compliance with WellStar's stated budget and financial goals and objectives.

Core Responsibilities and Essential Functions

Budget Development and Adherence

• Development of global statistics
• Assist on-site management in development of reasonable budgets both operating and capital
• Review and assist in development of monthly financial statements and to determine significant variances and means to correct
• Review monthly department budgets for expense management and opportunities for cost reductions

Operations Department(s) Oversight

Facility Strategic Leadership

Revenue Generation and Valuation

Revenue Capture

New Program Development

Reporting and Analysis

Required Minimum Education

Required Minimum Experience

Required Minimum Skills

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