Director of Financial Planning & Analysis

Director of Financial Planning & Analysis (MEM
009745)

Location: Fountain Valley, CA

Department: Finance

Status: Full-time

Shift: Day

Pay Range: $152,152 – $209,207 per year

The Director, Financial Planning and Analysis (FP&A) is responsible for providing recurring and ad hoc reports and analyses of complex financial and operational performance, and potential options, to support timely and effective decision-making. The director has subject matter expertise (SME) in data science and medical practice strategy, economics, finance, accounting, and operations. The director develops analyses and sensitivity models from financial, medical, and operational data to provide clear understanding of drivers, dependencies, options, and potential outcomes.

The director is accountable for the entire workflow of FP&A analyses – from sourcing and vetting original data through delivery of final analyses, reports, recommendations, and presentations.

The director is a SME partner to their colleagues (especially for accounting, fixed fee, value-based care, and managed care functions) who rely upon their FP&A analyses, reports, and recommendations. They are a direct contributor and they utilize staff on the Data Science team to provide data, analyses, and reports to stakeholders. The director establishes and maintains strong relationships with leaders across the enterprise to facilitate, deliver, and apply FP&A work product to decisions and actions.

Under the supervision of the MCMF CFO, the director exercises independent judgment when analyzing, negotiating, auditing, making recommendations, and presenting on assigned projects. The director communicates clearly and concisely, and they ensure mutual accountability of contributors for the quality, understandability, and timeliness of FP&A projects and deliverables. The director supports and collaborates with others in helping them understand complex issues, nuances, and drivers of performance, and the director actively seeks to learn from the expertise of others.

1) Manages fixed fee financial operations, including accounting, analyses, reconciliations, reporting (including preparation of slides for quarterly financial performance reviews), and fixed fee revenue transfers from the hospitals. Completes annual analysis and review of the MCMF fixed fee allocated overhead (excluding MHS expenses) percentage to be applied in the subsequent fiscal year. Responsible for tracking recurring and ad hoc fixed fee issues and events to ensure a full accounting and reimbursement of all fixed fee expenses.

Assists with development and revisions of fixed fee hospital affiliation agreements.

2) Supports monthly financial close processes through analyses of KPIs, including fee-for-service (FFS) revenue, managed care (HMO) enrollment, revenue, and expenses, visit volumes, fixed fee revenue, etc. This includes a thorough understanding of revenue cycle processes and reports, FFS revenue journal entries, ability to problem solve and identify issues/errors, etc. Leads meetings with revenue cycle departments. Summarizes findings for notes in monthly financial reporting package.

Completes ongoing analyses of these KPIs outside of monthly financial close to identify trends and emerging problems and opportunities to share with leadership.

3) Completes recurring and ad hoc financial analyses and reports as defined by leadership for financial and operational performance management. Manages periodic reviews of financial and operational performance in conjunction with finance and operations leaders. Partners with operations departments to identify and implement financial performance improvement. Examples include physician enterprise value (PEV), downstream margin analyses, network integrity analyses, revenue integrity analyses, Medicare equivalency (MEQ) analyses, FFS and HMO revenue analyses, physician compensation-related analyses, P&L analyses of service lines and business segments, etc.

4) Leads the annual MCMF operating and capital budgeting timelines and processes in conjunction with the Executive Director, Finance and the CFO. Coordinates and receives budget submissions from leaders across MCMF and partners with the executive director of finance to ensure budgeting milestones and deadlines are met and the annual budget is thorough and complete.

5) Ensures data, systems, processes, and practices (including rigorous QA processes and controls) support efficient and effective FP&A operations. Ensures documentation of assumptions and logic of analyses to facilitate reviews and audits. Leads and documents revenue and expense allocation protocols based upon negotiated allocation bases with key stakeholders. Ensures the revenue and expense allocation protocols are accurately applied for service line and business segment P&Ls.

Coordinates and leads timely presentation and productive discussion of financial authorization requests in monthly executive management team (EMT) meetings.

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