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Market Vice President Operational Finance

Company: CommonSpirit Health
Location: Tacoma
Posted on: May 14, 2022

Job Description:

OverviewCommonSpirit Health was formed by the alignment of Catholic Health Initiatives (CHI) and Dignity Health. With more than 700 care sites across the U.S. & from clinics and hospitals to home-based care and virtual care services CommonSpirit is accessible to nearly one out of every four U.S. residents. Our world needs compassion like never before. Our communities need caring and our families need protection. With our combined resources CommonSpirit is committed to building healthy communities advocating for those who are poor and vulnerable and innovating how and where healing can happen both inside our hospitals and out in the community.This job is responsible for leading the operational Finance function for the assigned Virginia Mason Franciscan Health entities, including driving disciplined performance management (as a business partner with the Chief Executive and/or Operating Officer), creating critical financial analytics and performance management capability, overseeing Center of Excellence (COE) implementation and progress, and formulating enterprise service-line strategy, as well as other supervisory duties as assigned by CEO as relates to MBO management.ResponsibilitiesESSENTIAL JOB FUNCTIONS: - The following section contains representative examples of job duties that might be performed in positions allocated to this job class. - Virginia Mason Franciscan Health is a dynamic organization, and the environment can be fluid. - Roles and responsibilities may be altered to accommodate changing business conditions and objectives as well as to tap into the skills and experience of its employees. - Accordingly, employees may be asked to perform duties that are outside the specific work that is listed. - It is not required that any position perform all duties listed, so long as primary responsibilities are consistent with the work as described. - Performance standards developed for incumbents allocated to this job class may also contain relevant job content information and are referenced hereto.FINANCIAL PERFORMANCE MANAGEMENT

  • Presents an integrated performance metrics dashboard at senior level and facilitates regular discussions to drive action planning.
  • Evaluates enterprise adherence to budget.
  • Leads the assessment of the financial impact from key operational changes.
  • Convenes regular (e.g. quarterly) reviews of performance results with MBO leaders.FINANCIAL ANALYTICS
    • Works with the Financial Analytics group responsible for providing service-line financial analytics.
    • Works closely with strategic planning group to provide input and to align on plans to operationalize strategy.
    • Works with DSS systems to ensure adequate access and performance.CLINICAL AND OPERATIONAL EXCELLENCE PERFORMANCE MANAGEMENT
      • Collaborates with national, division and MBO executives to identify and resolve barriers to improve operating performance.MBO SERVICE LINE FINANCE
        • Participates in the formulation of MBO strategy for service lines with other MBO leaders.
        • Reports financial operations to MBO Board of Directors.
        • Works with other senior leaders to formulate policy/strategy and manage MBO operations.Performs related duties as required.QualificationsMINIMUM JOB QUALIFICATIONS: - The following section contains representative examples of competencies and job qualifications directly related to successful performance in the position. - The categories are broad, reflecting minimum requirements. - It is not intended to be an exhaustive list of all possible requirements nor does it include general competencies, expectations and/or skills that are universally applicable to the work, but are not critical for recruitment purposes or to overall job performance. - Education/Work Experience RequirementsMaster's degree in Finance, Business Administration or related discipline and seven years of work experience in the discipline, including five years leadership/management experience.Job Knowledge/Abilities:
            • Knowledge of the content, intent and application of regulations, policies, standards, operations, and requirements applicable to the business function(s) under designated scope of authority.
            • Knowledge of the principles, practices, regulatory requirements and Virginia Mason policies applicable to budget administration, resource/expense control, employee supervision and performance management.
            • Knowledge of the principles and practices of strategic business planning and continuous process/performance improvement.
            • Knowledge of the healthcare industry in general, and of the vision, values, strategies, objectives, policies and systems of the organization.
            • Knowledge of the concepts, practices and tools relating to statistical analysis and the development of program metrics.
            • Ability to understand financial and/or operational reports, analyze data, identify improvement opportunities and implement effective responses.
            • Ability to collaboratively redesign work processes to affect labor, supply, and other operational cost reductions while maintaining or improving service and quality of end products.
            • Ability to plan, manage and evaluate the work of subordinate staff.
            • Ability to understand financial and/or operational reports, analyze data, identify improvement opportunities and implement effective responses.
            • Ability to keep abreast of current and changing laws and regulatory standards and their impact on operations and activities.
            • Ability to define problems, collect data, establish facts, interpret requirements and draw valid conclusions.
            • Ability to express ideas and convey information effectively in verbal and written communication, and in presentations to leadership/management.
            • Ability to develop and implement effective policies, standards and procedures relating to matters under defined scope of responsibility.
            • Ability to identify compliance deficiencies and/or systemic weaknesses and implement timely corrective action to forestall or remedy.
            • Ability to establish and maintain effective working relations as required by the duties of the position.
            • Ability to use office equipment and automated systems/applications/software at an acceptable level of proficiency.

Keywords: CommonSpirit Health, Tacoma , Market Vice President Operational Finance, Executive , Tacoma, Washington

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