HEMATOLOGY AND ONCOLOGY BUSINESS MANAGER
- Req #: 8045
- Address: 2139 Auburn Ave
- City, State: Cincinnati, OH
- Zip: 45219
- Type: Full time
- Shift: Day
Job Description
The Business Manager drives business functions and ensures support of organization goals and objectives by providing overall management of financial and business operations and administration for service lines or specialty areas. Responsibilities include budgeting, forecasting, accounting, long-range planning, pricing, assisting with negation of contracts, productivity analysis, human resource management, and revenue management, in partnership with and support of the Oncology Service Line Executive Director or designee.
Responsibilities
Financial Management: Develop, implement, assess, and continuously monitor annual and capital budgets, analyze, and evaluate financial performance, identify, diagnose, and resolve variances, report financial results to key stakeholders and senior/executive leadership.
Develops and implements strategies to maximize revenue for the Oncology Service line while maintaining regulatory compliance. Assists in the identification and implementation of cost reduction activities; Continually assesses the financial viability of existing programs and practice patterns and develops methods to optimize practices and resources.
Establishes structures to monitor variances and track financial trends including revenue and labor expenses; provides ad hoc reporting (via Infodive & EPSI) for business questions that arise regarding volume, cost, and performance.
Partners with Finance to work on long range financial planning and benchmarking for the Oncology Service Line. Monitors key financial indicators to proactively address financial matters and assist with strategic planning.
Partners with Revenue Cycle team to effectively implement programs and processes to optimize revenue throughout end-to-end revenue cycle process.
Partners with Supply Chain team to lead supply chain initiatives and ensure proper controls exist. Participate in the review of contracts, monitor rebates, and work with physicians to standardize inventory as appropriate. Follow TCHHN's spend policies to serve as a liaison for the acquisition of supplies.
Business/Program Operations: Identify opportunities for improvement across all business processes, including growth, and cost savings and recommend/execute improvement tactics.
Manage and support funded projects, initiatives, and grant proposals. Prepare for, participate in, and facilitate programmatic meetings as necessary.
Identify opportunities for improving cost and quality of care and develop and offer recommendations for improvement; resolve issues directly, or in consultation with Director concerning staffing, utilization of facilities, equipment, and funds.
Participate in the development and monitoring of effective staffing plans and manpower plans.
Revenue Management: Monitor charge capture and billing procedures and processes to ensure efficiency. Report on problem accounts identified within Infodive. Provide support for revenue cycle management, including optimizing revenue, ensuring complete and accurate physician and/or hospital billing and compliant coding, monitoring associated charge capture, competitive pricing, developing/expanding programs; effective denial management; and monthly revenue reporting.
Financial Benchmarking: In collaboration with Executive Director and Nurse Managers, assist in the preparation of budgets, monitor variance, and make budget recommendations. Implement operational solutions to budgetary issues and financial supply cost improvements.
Lead teams and effectively interact with appropriate individuals (Supply Chain, Hem/Onc Nursing Staff and Physicians) to identify and implement quality improvement and cost reduction opportunities. Improve processes, recommend solutions, and implement appropriately. Measures outcomes and utilizes data to recommend changes.
Oversees Financial Advocate
Qualifications
KNOWLEDGE AND SKILLS:
Strong and effective verbal and written communication skills, expert level Microsoft Office skills, excellent attention to detail and presentation skills. Demonstrated experience working in a healthcare setting with providers, administration, and staff. Experience with financial reporting, operations, and budgeting in a in a complex healthcare setting.
YEARS OF EXPERIENCE:
Minimum five years of health care experience in a hospital/office setting. Physician practice finance or billing recommended.
EDUCATION:
Bachelor's Degree Required, Accounting or Related Field.
REQUIRED SKILLS AND KNOWLEDGE:
• Proven ability to manage multiple projects and meet deadline requirements
• Process improvement skills
• Proven leadership, project management, problem-solving and team development skills
• Strong communication, presentation, and facilitation skills
• Demonstrated success initiating change and ability to influence at all levels
• Proficient in Windows, Excel, Word, and PowerPoint software
• High degree of customer sensitivity and attention to detail
• Demonstrated ability to lead and execute multiple tasks simultaneously
• Demonstrated teambuilding and time management skills
• Demonstrated ability to work effectively with all levels of the organization
LICENSES REGISTRATIONS &/or CERTIFICATIONS:
Other Credentials Required or Preferred: NONE
About Us
For more than 130 years, The Christ Hospital been the beacon for exceptional healthcare in the Greater Cincinnati community. We're industry pioneers, always pushing the boundaries and reimagining the future of healthcare.
Our culture promotes collaboration, diversity and innovation. Together, as a team, we work tirelessly to enhance healthcare quality, accessibility and safety.
The Business Manager drives business functions and ensures support of organization goals and objectives by providing overall management of financial and business operations and administration for service lines or specialty areas. Responsibilities include budgeting, forecasting, accounting, long-range planning, pricing, assisting with negation of contracts, productivity analysis, human resource management, and revenue management, in partnership with and support of the Oncology Service Line Executive Director or designee.
Responsibilities
Financial Management: Develop, implement, assess, and continuously monitor annual and capital budgets, analyze, and evaluate financial performance, identify, diagnose, and resolve variances, report financial results to key stakeholders and senior/executive leadership.
Develops and implements strategies to maximize revenue for the Oncology Service line while maintaining regulatory compliance. Assists in the identification and implementation of cost reduction activities; Continually assesses the financial viability of existing programs and practice patterns and develops methods to optimize practices and resources.
Establishes structures to monitor variances and track financial trends including revenue and labor expenses; provides ad hoc reporting (via Infodive & EPSI) for business questions that arise regarding volume, cost, and performance.
Partners with Finance to work on long range financial planning and benchmarking for the Oncology Service Line. Monitors key financial indicators to proactively address financial matters and assist with strategic planning.
Partners with Revenue Cycle team to effectively implement programs and processes to optimize revenue throughout end-to-end revenue cycle process.
Partners with Supply Chain team to lead supply chain initiatives and ensure proper controls exist. Participate in the review of contracts, monitor rebates, and work with physicians to standardize inventory as appropriate. Follow TCHHN's spend policies to serve as a liaison for the acquisition of supplies.
Business/Program Operations: Identify opportunities for improvement across all business processes, including growth, and cost savings and recommend/execute improvement tactics.
Manage and support funded projects, initiatives, and grant proposals. Prepare for, participate in, and facilitate programmatic meetings as necessary.
Identify opportunities for improving cost and quality of care and develop and offer recommendations for improvement; resolve issues directly, or in consultation with Director concerning staffing, utilization of facilities, equipment, and funds.
Participate in the development and monitoring of effective staffing plans and manpower plans.
Revenue Management: Monitor charge capture and billing procedures and processes to ensure efficiency. Report on problem accounts identified within Infodive. Provide support for revenue cycle management, including optimizing revenue, ensuring complete and accurate physician and/or hospital billing and compliant coding, monitoring associated charge capture, competitive pricing, developing/expanding programs; effective denial management; and monthly revenue reporting.
Financial Benchmarking: In collaboration with Executive Director and Nurse Managers, assist in the preparation of budgets, monitor variance, and make budget recommendations. Implement operational solutions to budgetary issues and financial supply cost improvements.
Lead teams and effectively interact with appropriate individuals (Supply Chain, Hem/Onc Nursing Staff and Physicians) to identify and implement quality improvement and cost reduction opportunities. Improve processes, recommend solutions, and implement appropriately. Measures outcomes and utilizes data to recommend changes.
Oversees Financial Advocate
Qualifications
KNOWLEDGE AND SKILLS:
Strong and effective verbal and written communication skills, expert level Microsoft Office skills, excellent attention to detail and presentation skills. Demonstrated experience working in a healthcare setting with providers, administration, and staff. Experience with financial reporting, operations, and budgeting in a in a complex healthcare setting.
YEARS OF EXPERIENCE:
Minimum five years of health care experience in a hospital/office setting. Physician practice finance or billing recommended.
EDUCATION:
Bachelor's Degree Required, Accounting or Related Field.
REQUIRED SKILLS AND KNOWLEDGE:
• Proven ability to manage multiple projects and meet deadline requirements
• Process improvement skills
• Proven leadership, project management, problem-solving and team development skills
• Strong communication, presentation, and facilitation skills
• Demonstrated success initiating change and ability to influence at all levels
• Proficient in Windows, Excel, Word, and PowerPoint software
• High degree of customer sensitivity and attention to detail
• Demonstrated ability to lead and execute multiple tasks simultaneously
• Demonstrated teambuilding and time management skills
• Demonstrated ability to work effectively with all levels of the organization
LICENSES REGISTRATIONS &/or CERTIFICATIONS:
Other Credentials Required or Preferred: NONE
About Us
For more than 130 years, The Christ Hospital been the beacon for exceptional healthcare in the Greater Cincinnati community. We're industry pioneers, always pushing the boundaries and reimagining the future of healthcare.
Our culture promotes collaboration, diversity and innovation. Together, as a team, we work tirelessly to enhance healthcare quality, accessibility and safety.
