Assistant Vice President Financial Planning & Analysis

Job DescriptionAssistant Vice President Financial Planning & AnalysisThis role will lead this integral finance team through an important system implementation and expansion phase. Our team provides valuable strategic insights and analysis into service line profitability, contract modeling, physician productivity, etc. This is a key position in the finance organization and reports to the SVP of Financial Planning & Analysis. We are seeking a strong and organized leader to build consensus around reporting standards and enable data-driven decisions throughout the organization. The successful candidate may have experience leading Decision Support at another hospital or system or may have a healthcare consulting background. Responsibilities will include implementing a new cost accounting system. We are moving from TSI and EPSI to StratajazzResponsibilitiesLeverage in-depth knowledge of healthcare cost accounting, financial analysis concepts, healthcare revenue management, and overall hospital operations management to complete the analytical work necessary to make strategic business decisions such as service line expansion or program development. Guide standardized cost accounting policies and processes across all hospitals, including consensus on guidelines for general ledger reclassifications, overhead allocation, and product costingOversee the cost model development and calculations at each facilityWork with managed care, finance and reimbursement staff on an ongoing basis to maintain and improve the costing and revenue models.Enhance processes to distribute and utilize decision support information across the system in a manner that facilitates effective strategic planning, minimization of quality and cost variance and enhancement of patient care.Creates the schedule for Service Line Profit & Loss Meetings and directs the appropriate team members to answer follow-up items from those meetings in a detailed and organized way.Lead a team of central DSS analysts as well as create partnerships with on-site resources and leaders at each hospital to drive the adoption of data-driven decision-making.Monitors project status and maintains project timetable for implementation. Proactively works with project participants to maintain established deadlines. Reports problems and delays directly to the Senior Vice President of Financial Planning & Analysis. Interface with hospital leadership and key stakeholders to determine and communicate needs and requirements and align Mount Sinai Health System's data analytics tools and resources with business initiatives, goals and strategies.Provides recommendations on improvements in source systems to improve accuracy and reduce maintenance effort.Designs effective presentations to quantitatively and qualitatively connect the dots between cost accounting methodologies and operations.Builds relationships with executive and service line leaders and colleaguesActs as a liaison to the IT Department and fosters open communication with IT to understand how their operations effect our department and its processes.Creates and oversees the documentation all methodologies employed and communicates those documentation processes to team members, storing them in a central location.Lead decision support initiatives around Productivity Reporting and Management Reporting to create department level accountability.Collects data, prepares reports, analyzes statistics, and responds to correspondence in a timely manner.Participates with the leadership of the Health System in the evaluation and negotiations of managed care contracts and operations in conjunction with senior management. Demonstrates professional behavior reflective of leadership best practices. Maintains professional affiliations and enhances professional development to keep pace with health care trends. Handles special projects assigned by the Chief of Strategic Finance.Manage data migration requirements and processes.Propose business definitions for newundefined metrics and test business definitions established by data steward council.Prioritize requests for reporting and dashboard terface with IT to implement mastering and mapping once development and testing are complete.Train, lead, and mentor managerial and technical staff.Maintains strict confidentiality.QualificationsEducation Requirements Four-year university degree in relevant business, technology or healthcare concentration or equivalent experience, Masters in Healthcare preferredExperience Requirements 8-10 years of Healthcare experience5 years of analytics experience as it relates to Healthcare.Experience leading an analytics team.Experience in an accounting andor Finance roleExperience with database environments.Experience with Hospital based clinical and informational systems requiredProven ability in project management and all phases of project documentation.Basic understanding of database architectureExcellent understanding of the principles of data governance and data stewardship.Successful work performance demonstrating an ability to communicate effectively, partner with team and other divisions, use productive work methods, exercise sound judgment and display initiative and innovation on the pensationThe Mount Sinai Health System (MSHS) provides a salary range to comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $200,000.00 - $300,000.00 Annually. Actual salaries depend on a variety of factors, including experience, education, and hospital need. The salary range or contractual rate listed does not include bonusesincentive, differential pay or other forms of compensation or benefits.About UsStrength Through Diversity The Mount Sinai Health System believes that diversity, equity, and inclusion are key drivers for excellence. We share a common devotion to delivering exceptional patient care. When you join us, you become a part of Mount Sinai's unrivaled record of achievement, education, and advancement as we revolutionize medicine together. We invite you to participate actively as a part of the Mount Sinai Health System team by: Using a lens of equity in all aspects of patient care delivery, education, and research to promote policies and practices to allow opportunities for all to thrive and reach their potential. Serving as a role model confronting racist, sexist, or other inappropriate actions by speaking up, challenging exclusionary organizational practices, and standing side-by-side in support of colleagues who experience discrimination. Inspiring and fostering an environment of anti-racist behaviors among and between departments and co-workers. At Mount Sinai, our leaders strive to learn, empower others, and embrace change to further advance equity and improve the well-being of staff, patients, and the organization. We expect our leaders to embrace anti-racism, create a collaborative and respectful environment, and constructively disrupt the status quo to improve the system and enhance care for our patients. We work hard to create an inclusive, welcoming and nurturing work environment where all feel they are valued, belong and are able to advance professionally. Explore more about this opportunity and how you can help us write a new chapter in our history! "About the Mount Sinai Health System: Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 43,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time - discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it. Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients' medical and emotional needs at the center of all treatment. The Health System includes approximately 7,400 primary and specialty care physicians; 13 joint-venture outpatient surgery centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report's Best Hospitals, receiving high "Honor Roll" status, and are highly ranked: No. 1 in Geriatrics and top 20 in CardiologyHeart Surgery, DiabetesEndocrinology, GastroenterologyGI Surgery, NeurologyNeurosurgery, Orthopedics, PulmonologyLung Surgery, Rehabilitation, and Urology. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 12 in Ophthalmology. U.S. News & World Report's "Best Children's Hospitals" ranks Mount Sinai Kravis Children's Hospital among the country's best in several pediatric specialties. The Icahn School of Medicine at Mount Sinai is ranked No. 14 nationwide in National Institutes of Health funding and in the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. Newsweek's "The World's Best Smart Hospitals" ranks The Mount Sinai Hospital as No. 1 in New York and in the top five globally, and Mount Sinai Morningside in the top 20 globally. The Mount Sinai Health System is an equal opportunity employer. We comply with applicable Federal civil rights laws and does not discriminate, exclude, or treat people differently on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, or gender expression. We are passionately committed to addressing racism and its effects on our faculty, staff, students, trainees, patients, visitors, and the communities we serve. Our goal is for Mount Sinai to become an anti-racist health care and learning institution that intentionally addresses structural racism." EOE MinoritiesWomenDisabledVeterans

Created: 2025-02-24