IL Director of Finance Acute Care

Mission Statement

To advance the health and wellbeing of our community with a compassionate and caring spirit.

The Director of Finance directs the financial and other facility activities in accordance with defined hospital policies and objectives. Responsibilities include management of financial analysts and other departments as assigned, allocation of resources, and preparation of the annual budget. Position serves as the liaison to system departments including, but not limited to, Finance, Revenue Cycle, Case Management, Internal Audit, and Supply Chain.

Functions in an active leadership role and as a member of the hospital leadership team. The Director of Finance is responsible to the Market CFO or Hospital CAO in markets with no CFO.

• Plan, develop, communicate, and implement the strategic financial direction for the facility in congruence with the overall Deaconess Health System strategic plan.
• Develop and administer plans and operations for budgeting, forecasting, decision-support, and capital acquisition analysis.
• Provide financial leadership and consultative support to all facility department directors and managers and joint venture companies.
• Lead monthly hospital budget variance committee, labor team, and capital committee.
  • Ensure departments are meeting or exceeding departmental operating budgets and summarize results for Monthly Operating Review.
  • In conjunction with operational leaders develop and implement plan to achieve labor efficiencies as defined by DHS leadership through utilization of peer benchmarking. Ensure departments are operating within the defined plan.
  • Assist operational leaders in performing capital planning, prioritizing, financial feasibility, and acquisition analysis.
• Communicate financial operational performance with all stakeholders, including senior administration, appropriate facility staff members, board of directors, and system leadership.
• Analyze and explore means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports, and operating procedures.
• Assist operational leadership in development of long and short range hospital operations plans which may include service demand analysis, resources availability analysis, productivity, and cost benefit analyses of proposed capital and staff expansions.
• Monitor financial and economic information to identify trends and indicators that may impact business operations, planning, and so forth.
• Review denials issues and trends for maximizing net reimbursement for facility.
• Review contracts, purchase agreements, and other financial arrangements to ensure compatibility with business goals and expectations about profitability.
• Other special financial and management projects to support Board(s), executive management, department directors, managers and supervisors throughout the facility.

• Master’s degree or equivalent Preferred and
• Bachelor’s Degree Accounting, Finance, or related field Required

• Minimum of five years' relevant experience related healthcare experience and/or training or equivalent combination of education and experience. Required

• Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to executive management, Board of Directors, or other public groups.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.
• Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• To perform this job successfully, an individual should have knowledge of accounting software, contract management systems, human resource systems, internet software, spreadsheet software, and word processing software.

Pay Range: $43.48 - $65.22

We pride ourselves in retaining our top talent by offering work environments that support professional development and personal success. In addition to our robust healthcare and retirement plans, we offer:

Flexible work schedules to fit your life – Full time/part time/supplemental – Day/Eve/Nights