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