Director of Finance-Healthcare

Location

Rockville, MD | United States

Job description

Overview:

We are seeking a highly skilled and experienced Director of Finance with a background in healthcare to join our team. The ideal candidate will have at least 7 years of management experience in finance, preferably within the healthcare industry. As the Director of Finance, you will play a key role in overseeing all financial aspects of our organization, ensuring compliance with regulations, optimizing financial performance, and providing strategic guidance to senior management. This position is 3 days onsite, 2 days remote per week.

Responsibilities:

• Financial Planning and Analysis:
• Develop and implement financial planning strategies to support the organization's goals and objectives.
• Conduct thorough financial analysis, including budgeting, forecasting, and variance analysis.
• Provide strategic recommendations based on financial analysis and projections.
• Financial Reporting and Compliance:
• Oversee the preparation of accurate and timely financial reports for internal and external stakeholders.
• Ensure compliance with all regulatory requirements, including healthcare-specific regulations such as HIPAA and Medicare/Medicaid billing regulations.
• Collaborate with internal audit and compliance teams to monitor and mitigate financial risks.
• Budget Management:
• Manage the budgeting process, working closely with department heads to develop annual budgets and forecasts.
• Monitor budget performance and identify areas for improvement or cost-saving opportunities.
• Implement cost-control measures to optimize financial resources.
• Revenue Cycle Management:
• Oversee revenue cycle operations, including billing, collections, and accounts receivable management.
• Analyze revenue trends and implement strategies to maximize revenue generation and minimize revenue leakage.
• Collaborate with revenue cycle management teams to streamline processes and improve efficiency.
• Leadership and Team Management:
• Provide leadership and guidance to the finance team, fostering a culture of collaboration, innovation, and accountability.
• Set clear performance expectations and goals for team members, and provide regular feedback and coaching.
• Develop and mentor finance staff to enhance their skills and capabilities.

Job tags

Salary