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Business Director

Location: Cincinnati
Posted on: September 24, 2022

Job Description:

DescriptionSUBFUNCTION DEFINITION: Provide oversight and support of financial administration, business operations and human resource administration.Scope: Accountable for divisional leadership of financial administration; business operations and human resource planning in collaboration with division director.REPRESENTATIVE RESPONSIBILITIES---Financial Management Overall accountability for the financial management functions for the department. Develop, implement, evaluate and manage the department's annual and capital budget to achieve the Divisional and Departmental objectives; establish internal controls for cash management; implement and maintain a process for financial controls and external financial audits; develop and implement accounts receivable management; analyze and monitor financial performance and report financial results to stakeholders; evaluate variances, determine underlying causes and identify, present, and implement proposed solutions; establish and monitor productivity metrics; ultimate accountability for compliance with organizational financial policies and procedures---Revenue CycleOverall accountability for the Division's revenue cycle management, including optimizing revenue, ensuring complete and accurate physician and/or hospital billing and compliant coding, monitoring associated charge capture; creating competitive pricing, developing/expanding programs; effective denial management; and monthly revenue reporting---Business Operations (Clinical)Direct and coordinate the daily clinical operations of the Division; direct, establish and monitor business processes to ensure effective and efficient clinical operations; direct clinical revenue cycle activities within the Division; direct, design and monitor efficient patient flow patterns to maximize clinical and staff efficiency; develop and implement policies and procedures for improved utilization and operations; identify opportunities for improving cost and quality of care through in-depth process and cost of care analysis and develop and offer recommendations to drive significant operational change; resolve issues directly, or in consultation with Division Director concerning staffing, utilization of facilities, equipment and funds; develop and interpret policies and procedures for faculty and staff; and ensure that all policies are in conformance with Medical Center guidelines---Human Resources LeadershipDirect the development and monitoring of an effective Divisional staffing and retention strategy, including hiring and terminating employees, workforce planning, succession planning. Serve as a resource for direct reports, providing regular feedback to them and supporting development of department managers.. Participate in the recruitment and selection of clinicians, staff and faculty for the department. Direct the overall management of the Division's administrative academic/faculty affairs, including partnering with CCRF to establish and maintain faculty records; direct the establishment and monitoring of faculty data and records according to defined national standards to maintain program accreditation; direct the faculty appointment process in collaboration with the University of Cincinnati; define budget allocations and maintain program expenses; partner with the Division Director of implement and/or support organizational leadership management of faculty conduct and performance expectations or programs; partner with the Division Director of foster the growth and development of physician and faculty leaders as knowledgeable, participative stakeholders in the division and medical center's vision, mission, strategic and operational objectives, and compliance requirements.---Business Operations (Research)Direct activities associated with the management of external funded projects, including but not limited to developing and executing Divisional operating procedures for timely and compliant submissions of grant proposals; work with Sponsored Programs and other institutional regulatory offices to interpret and ensure compliance with NIH and other external sponsor guidelines for the application and management of awards; develop and execute operational procedures to monitor and disseminate revenue and expense information with PIs to ensure appropriate expenditures; based on monthly and quarterly reports of expenditures, identify and correct errors, project future expenditures and prospectively manage all required changes; understand and manage to all sponsor requirements relating to carry forwards; work with Sponsored Programs offices and collaborating institutions to ensure timely execution of sub awards, invoicing, and receipt of all deliverables to include progress and financial reports; and oversee and prospectively manage research staff and space utilization related to current and planned research projects. QualificationsEDUCATION/EXPERIENCERequired:---Bachelor's degree in a related field---7+ years of work experience in a related job disciplinePreferred:---Master's degree in a related field*Strong financial background

Keywords: CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER, Cincinnati , Business Director, Executive , Cincinnati, Ohio

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