Vice President, Revenue Analytics & Budgeting

Vice President, Revenue Analytics & Budgeting

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At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It's also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Vice President, Revenue Analytics & Budgeting is a network level executive position within the Finance Department of Hackensack Meridian Health (HMH). This position has direct responsibility for the: (1) construction of the annual operating budgets and related processes; (2) revenue analytics and forecasting; (3) accounts receivable valuation; (4) statistical reporting; (5) governmental reimbursement; (6) Medicare and Medicaid appeal management; and (7) third-party cost reports.

By nature of this position, the Vice President must be able to interface effectively with various levels of management throughout HMH including Operational Executives, Network Management, and Senior Executive Leadership. Job responsibilities include all financial aspects of HMH's goal of achieving a financially vibrant organization.

A day in the life of a Vice President, Revenue Analytics & Budgeting at Hackensack Meridian Health includes:

• Provides executive level leadership and instruction regarding a network wide approach to the valuation of patient accounts receivable and operating revenue.
• Oversees the preparation of the monthly hospitals' statistics to ensure parity and consistency across the network.
• Directs the construction of the annual revenue budgets, including the correlation to statistical budgets (admissions, observations, same day surgeries and outpatient visits), and applies appropriate spreading methodology throughout the year.
• Performs and presents highly complex financial analysis to executive management.
• Provides executive leadership and instruction on analyzing trends that impact future revenues.
• Oversees all outside consultants who participate in the revenue valuation process for all Network sites.
• Facilitates multi-disciplinary meetings with departments including Managed Care, Patient Financial Services to discuss issues that may impact revenue valuation, including but not limited to volume changes, take backs, ongoing audits, etc.

• Oversees all aspects of the network budget ensuring that the HMH budget processes and financial decisions align with mission goals and objectives.
• Provides analysis and in-depth management of complex budget issues and the financial implications of short and long term, budget decisions.
• Incorporates internal controls into the budget process.
• Utilizes key financial indicators to review budget. Participates in the administrative budget review process; provide technical data and information required by executive management.
• Monitors relevant key financial indicators and performance metrics, modifying business activities where needed in response to changing financial situations.
• Demonstrates an inquisitive nature by analyzing and investigating operational performance on a prospective basis.
• Publishes monthly, a rolling forecast of projected financial performance.

• Improves the overall financial and operational excellence of the Network through the development, deployment and measurement of key policies, processes, tools, technologies and skills as they relate to third party reimbursement.
• Leads the direction of the preparation, filing and audit of the systems to construct third party cost reports. Reviews the impact of proposed audit adjustments and develops appropriate responses and negotiates final settlements with third parties.
• Directs the preparation of the GME IRS filing and DSH filings for the system.
• Monitors and reports on proposed federal and statutory legislative changes and models impacts accordingly.
• Develops the 3rd party governmental appeal strategies and initiatives.
• Participates in various state and national…