Dir, Budget & Financial Planning - HPS

Description

Dir, Budget & Financial Planning - HPS

Welcome to Holy Name, a medical center where innovation is not just a goal — it's a commitment. Here, medical excellence thrives, allowing hope to reign supreme and leaving no room for fear. At our hospital, every patient is cared for with undivided attention — because healing every soul is our sole focus.

Holy Name is New Jersey's only independent Catholic health system, comprising a 361-bed acute care hospital, a renowned cancer center, a state-of-the‑art fitness center, a residential hospice, a prestigious nursing school, and an extensive physician network. Healing at Holy Name goes beyond medicine and technology – it is infused with faith, conviction, compassion, and a commitment to educating the next generation of healthcare professionals through a variety of residency and educational programs.

Our mission to provide care for the body, mind, and soul spans education, prevention, diagnosis, treatment, rehabilitation, and overall wellness. This is at the core of who we are and what we do, and we've done it this way across generations, every single day, for nearly 100 years. Every innovation, medical breakthrough, and groundbreaking treatment is powered by some of the best minds in medicine, ensuring nothing is left on the table or the road to recovery.

The Director of Budget & Financial Planning is the operational budget owner for Holy Name’s physician network. This role builds and maintains budgets, staffing models, and overhead analyses across all service lines and shared services. The position is operationally focused — in the practices, working directly with physicians, translating clinical activity into financial plans.

Reports to the Executive Director of Finance and works in close partnership with the CFO’s Finance team to consolidate reporting. Budget and accounting functions remain in Finance;
Finance serves as the final check. Manages two direct reports: a Financial Analyst and a Payroll & Compensation Analyst.

• Annual Budget Development & Management:
  • Lead the end-to-end annual budget process for all physician practices, service lines, TINs, and shared service departments across the network.
  • Build detailed operating budgets incorporating provider volumes, revenue projections, staffing models, supply costs, facility expenses, and overhead allocations. Develop proformas for new physician hires, service expansions, and site development.
  • Coordinate budget development timelines, templates, and data collection with practice managers, service line directors, and department heads.
  • Prepare budget packages for the Executive Director of Finance and VP, then work with Finance to consolidate into system-level reporting. Finance performs the final review.
  • Manage mid-year budget revisions and re-forecasts as operational conditions change.
• Proformas, Staffing Models & Scenario Planning:
  • Develop rolling financial forecasts (quarterly and annual) that project revenue, expenses, and contribution margins by practice, service line, and TIN.
  • Contribute to proformas and staffing models for strategic initiatives including new physician hires, site development, provider recruitment, and service line expansion — working as a secondary contributor to the Manager of Data Analytics & BI, who is the primary owner of pro forma modeling. This role’s focus is on budget-side assumptions, operational inputs, and physician-facing validation. Engage directly with physicians and practice leadership to validate assumptions and discuss financial performance.
  • Conduct scenario and sensitivity analyses to model the financial impact of volume changes, payer mix shifts, staffing adjustments, and reimbursement changes.
  • Maintain forecast models that leadership can rely on for real‑time decision support.
• Variance Analysis & Financial Reporting:
  • Produce monthly and quarterly variance reports comparing actuals to budget across all cost centers, identifying key drivers of over/under performance.
  • Prepare clear, actionable variance narratives for practice managers, service line EDs/Directors, and senior leadership. Walk through budget-to-actual results directly with…