Director of Financial Planning & Analysis Medical Foundation Fountain Valley, CA RN

Director of Finance Planning and Analysis

Location:

Fountain Valley, CA

Memorial Care is a nonprofit integrated health system that includes four leading hospitals, award-winning medical groups – consisting of over 200 sites of care, and more than 2,000 physicians throughout Orange and Los Angeles Counties. We are committed to increasing access to patient-centric, affordable, and high-quality healthcare; your personal contributions are integral to Memorial Care's recognition as a market leader and innovator in value-based and other care models.

Across our family of medical centers, we support each one of our bright, talented employees in reaching the highest levels of professional development, contribution, collaboration, and accountability. Whatever your role and whatever expertise you bring, we are dedicated to helping you achieve your full potential in an environment of respect, innovation, and teamwork.

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.

• 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.
• 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.
• Completes recurring and ad hoc financial analyses and reports as defined by leadership for…