VP Operations and Budget R37847 Vice President
Listed on 2026-02-16
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Finance & Banking
Financial Manager, CFO
Req#: R37847
Category(s): Executive Leadership, Vice President
Full Time / Part Time: Full-Time
Shift:
Note:
The compensation range(s) in the table below represent the base salaries for all positions at a given grade across the health system. Typically, a new hire can expect a starting salary somewhere in the lower part of the range. Actual salaries may vary by position and will be determined based on the candidate's relevant experience. No employee will be paid below the minimum of the range.
Pay ranges are listed as hourly for non‑exempt employees and based on assumed full time commitment for exempt employees.
Minimum – Midpoint – Maximum
$0.00 – $0.00 – $0.00
SummaryThe Vice President, Budget and Operations, Baystate Health is a senior financial leader who serves as a key partner to system leadership in advancing Baystate Health’s mission through fiscal stewardship and operational insight. The Vice President, Budget and Operations, interprets financial data provided by corporate finance to support decision‑making, ensure accountability, and drive performance improvement. This role collaborates with service line, clinical, and administrative leaders to analyze trends, conduct root‑cause analysis of variances, and identify opportunities for operational efficiencies and margin improvement.
The Vice President, Budget and Operations, plays a central role in volume planning, supports the development of business plans in coordination with corporate financial planning, and ensures alignment between hospital priorities and system initiatives.
Provide expert financial guidance and oversight to system leadership.
In support of Baystate Health, lead the development and execution of the hospital’s annual operating budget. Collaborate with service lines, medical group and clinical leadership on volume planning. Ensure the expense budget aligns with volume assumptions and supports responsible financial stewardship. Monitor performance against budget, prepare projections, and initiate remediation plans as needed.
Understand results of monthly financial reporting provided by corporate finance, including variance analysis and KPIs. Interpret and present results to senior leadership (hospital and corporate) and collaborate with system finance to ensure consistency and accuracy.
Work in partnership with system-level functions (e.g., revenue cycle, coding, documentation, IT, supply chain, HR, accounts payable) in support of system initiatives. Liaison between corporate finance functions and hospital operations.
Collaborate with corporate financial planning and hospital/service line leaders as necessary to develop and evaluate business plans for new hospital initiatives. Monitor progress against plans and initiate remediation plans as necessary.
Prioritize capital requests in alignment with system-level capacity constraints and strategic initiatives. Review and approve capital requisitions. Ensure alignment with annual capital plan and institutional priorities.
Lead the use of Strata tools to monitor productivity, manage cost centers, and analyze financial statement variances. Ensure clinical and operational managers are engaged and accountable. Ensure efficiency of hospital Productivity and Position Control meetings.
Collaborate with physicians, clinical leadership and service line leadership to strengthen financial performance, improve care delivery models, and support service line development.
Ensure compliance with all relevant financial standards, regulatory requirements, and Baystate Health policies. Maintain robust internal controls to safeguard assets.
Lead and develop a high‑performing finance team. Foster a culture of accountability, continuous learning, and excellence.
- Strong knowledge of healthcare finance,…
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