Decision Support Specialist III

Company Description

At Lucile Packard Children's Hospital Stanford, we know world‑renowned care begins with world‑class caring. That’s why we combine advanced technologies and breakthrough discoveries with family‑centered care. It’s why we provide our caregivers with continuing education and state‑of‑the‑art facilities, like the newly remodeled Lucile Packard Children’s Hospital Stanford. And it’s why we need caring, committed people on our team – like you.

Join us on our mission to heal humanity, one child and family at a time.

Job : LP_

This paragraph summarizes the general nature, level and purpose of the job.

Coordinates the annual cost standard review, annual operating budget modeling and budget analysis; reviews cost standard with operation managers for accurate actual cost allocation, flex budget modeling and actual cost evaluation. Performs one or more specialized or complex cost modeling and budget modeling and related flex budget analysis in support of department, service line or hospital wide cost analysis. Work is performed under intermittent supervision.

The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned.

Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patient rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings.

Must perform all duties and responsibilities in accordance with the hospital's policies and procedures, including its Service Standards and its Code of Conduct.

• Develop plan and calendar for the annual cost standard review including year‑to‑date productivity and flex budget analyses for all operating department groups. Review budgeted labor FTE and identify functions for minimum staffing requirement and RVU review.
• Perform monthly cost analysis and patient level cost reconciliation. Identify area(s) causing cost discrepancy and recommend remedy to provide a reasonable cost allocation at patient level.
• Coordinate with Financial Planning team to develop budgetary needs and incorporate all budget assumptions in the new fiscal year base‑line budget modeling. Perform all the budget spread based on historical volume trend in all expense categories. Coordinate budget load from source to the DSS system, to People Soft and Enterprise Data Warehouse.
• Maintain liaison with other departments in the preparation and analysis of service line patient level costing, departmental flex budget variance analysis and to provide management with valuable cost data for relevant financial decisions.
• Prepare and coordinate distribution of various financial reports and analyses for management and external agencies to include financial analysis of individual department operations.
• Manage the budget preparation and budget load process with Financial Planning and the Accounting team to ensure critical deadlines are met which include development of baseline budget, annual budget spread modeling, budget loading to People Soft and the EDW. Ensure budget data flow from TSI to People Soft and to EDW are reconciled. Research, identify and correct potential chart of account errors in systems so the budget load will be accurate.
• Manage ad hoc data requests from users within the organization or external vendors.
• Champion the organization‑wide benchmarking initiative or departmentalized benchmarking / cost reduction or process improvement projects. Using the operational benchmarking tool (PACT / PHIS / UHC) data to assist the process and identify opportunities for enhancement.
• Perform net revenue analysis comparison with actual payment to identify opportunity for under‑pay accounts…