Business Manager

Business Manager – Stanford Health Care

Day – 08 hour (United States of America)

The Business Manager manages the day‑to‑day financial and business operational activities of the department.

• Plan, develop, and implement annual operating and capital budgets for the service line.
• Monitor all expenditures to ensure adherence to budget and compliance with spending controls; complete variance reports and implement corrective actions.
• Develop and implement strategies to maximize revenue while maintaining regulatory compliance.
• Identify and implement cost‑reduction activities; continuously assess financial viability of existing programs and practices.
• Perform historical data analysis of past and current years for budget preparation and funding justification.
• Work closely with Finance on long‑range financial planning and benchmarking; interpret planning into actionable plans.
• Monitor key financial indicators and provide proactive financial guidance for strategic planning.
• Establish structures to monitor variances and track financial trends, including revenue and labor expenses; provide ad‑hoc reporting.
• Analyze financial implications of proposed and existing programs and recommend improvements to systems and processes.
• Analyze, prepare, and recommend business plans for new services and programs aimed at expanding department activities.
• Collaborate with the Director on strategic initiatives focused on improving profitability and market share.
• Supervise development of comprehensive business and program plans, ensuring financial feasibility.
• Translate business plans into operational reality and evaluate the feasibility of equipment purchases and related contracts.
• Negotiate vendor contracts for equipment maintenance, repair, and other services.
• Work with Finance to ensure operational elements of revenue management, including tracking and recovering revenue and minimizing revenue loss.
• Set up audit mechanisms to track charge master and revenue management within the department.
• Monitor and ensure proper accounting of service‑line expenditures.
• Prepare monthly financial, clinical, and benchmarking reports for internal and external purposes.
• Oversee expenditures to ensure appropriate use of hospital funds and oversee favorable negotiation of contracts with outside parties.
• Perform other duties as assigned.

• Bachelor’s degree in a work‑related field or discipline from an accredited college or university.

• Five years of progressively responsible and directly related work experience.

• Knowledge of financial systems, operations, budgeting, and analysis; statistics, forecasting, and modeling.
• Knowledge of principles and practices of organization, administration, fiscal, and personnel management.
• Knowledge of financial and operational management information systems.
• Knowledge of local, state, and federal regulatory requirements related to the functional area.
• Ability to develop and administer departmental budgets.
• Ability to pursue interdepartmental process improvement to maximize financial outcomes.
• Ability to develop, write, analyze, and present business plans, proposals, contracts, and financial reports.
• Ability to use sophisticated conceptual, numerical, analytical, and statistical skills to solve complex and unique financial problems.
• Leadership and influence skills; ability to foster effective working relationships and build consensus.
• Ability to mediate and resolve complex problems and issues.
• Ability to develop long‑range business plans and strategy.

• Strong decision‑making, problem‑solving, project management, analytical, interpersonal, negotiation, and collaboration skills.

Stanford Health Care (SHC) strongly values diversity and is committed to equal opportunity and non‑discrimination in all of its policies and practices, including the area of employment. SHC does not discriminate on the basis of race, color, sex, sexual orientation or gender identity, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, disability, or other protected categories.

Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.

Generally starting at $62.75 – $83.16 per hour.