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Job Description:
The Finance Director is responsible for directing the sound financial management of hospital operations through planning, coordinating, and monitoring activities. This leader works with the hospital leadership team (e.g., Hospital Administrative Council or Executive Team) to oversee the operations through strategic planning, financial planning processes, financial analyses, and compliance activities. The Finance leader is a member of the care site’s leadership team and participates in administrative responsibilities. This position reports directly to a Finance Executive (AVP or VP of Finance) with dotted line accountability to the care site leader (e.g., Hospital President).
Essential Functions
- Serves as the senior finance leader and member of the care site's executive team, providing expert guidance on financial matters and contributing to the overall strategic direction of the care site.
- Educates leaders (frontline managers and directors) on healthcare finance and economics by providing resources that enhance their understanding of financial principles and their impact on patient care and hospital operations.
- Leads within a complex matrix enterprise by navigating and coordinating across multiple functions and reporting lines, leveraging effective communication skills to align diverse teams toward common goals.
- Develops short and long-term operating and capital plans, ensuring alignment with the care site and region/enterprise strategic goals. Ensures accountability for plans by monitoring progress, managing resources, and implementing corrective actions to achieve both short and long-term financial objectives.
- Supports and develops strategic plans and initiatives, contributing to the care site growth and sustainability.
- Reviews or prepares comprehensive financial analyses and feasibility studies, making recommendations based on the results to support informed decision-making.
- Oversees financial transactions and maintain strong financial controls to safeguard assets and ensure accuracy, compliance, and integrity in all financial activities. Partners with Compliance, Accounting, Internal Audit and Others to support compliance efforts, ensuring adherence to regulatory requirements and internal policies.
- Leads a team of finance professionals, fostering a collaborative and high-performance environment while supporting their professional development.
- Participates as assigned in the contracting process, including, but not limited to, physician, supply chain, and payer contracting (e.g., commercial and government), to optimize financial agreements and relationships.
- As assigned, coordinates aspects of enterprise services with care site operations (e.g., revenue cycle, supply chain, environment of care) and ensure operational efficiency and effectiveness.
Skills
- Financial Analysis
- Healthcare Operations
- Communication
- Strategy
- Leadership
- Capital Planning
- Healthcare Finance
- Financial Controls
Qualifications
Required
- Bachelor's degree in finance, accounting, business/healthcare administration or related field from an accredited institution is required. Education is verified.
- Demonstrated expertise in financial analysis and healthcare operations.
- Experience directly managing staff with the ability to coach and mentor finance professionals.
- Detail oriented with excellent organizational and analytical skills. Flexible and adaptable to change.
- Excellent communication skills (both written and oral) with the ability to communicate with all levels of the enterprise including staff, management, and physicians.
- Strong computer skills with experience in spreadsheets, word processing and the Internet.
- Demonstrates a thorough understanding of healthcare finance and economics, applying this knowledge to drive financial strategies and decision-making.
Preferred
- Master's in finance, accounting, business/healthcare administration or MBA is preferred. Education is verified.
- CPA, CHFP or FHFMA
- Seven years of progressive financial experience.
- Knowledge of Intermountain information systems and financial processes.
- Experience with and a working knowledge of healthcare revenue cycle operations, supply chain, payer contracting, and Medicare/Medicaid cost reports.
Physical Requirements:
- Ongoing need for employee to see and read information, documents, monitors, identify equipment and supplies, and be able to assess customer needs.
- Frequent interactions with providers, colleagues, customers, patients/clients, and visitors that require employee to verbally communicate as well as hear and understand spoken information, needs, and issues quickly and accurately.
- Manual dexterity of hands and fingers to manipulate complex and delicate equipment with precision and accuracy. This includes frequent computer use for typing, accessing needed information, etc.
- For roles requiring driving: Expected to drive a vehicle which requires sitting, seeing, and reading signs, traffic signals, and other vehicles.
With this position, you are eligible to participate in the Annual Pay for Performance (AP4P) Plan. This plan enables Intermountain Health to provide leaders with an additional performance compensation opportunity. The AP4P award opportunities are calculated as a percentage of your base salary. Awards are paid out based on attainment of selected Board-approved goals.
Location:
Intermountain Health American Fork Hospital
Work City:
American Fork
Work State:
Utah
Scheduled Weekly Hours:
40
The hourly range for this position is listed below. Actual hourly rate dependent upon experience.
$66.41 - $102.52
We care about your well-being – mind, body, and spirit – which is why we provide our caregivers a generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness that encompasses living healthy, happy, secure, connected, and engaged.
Learn more about our comprehensive benefits package here.
Intermountain Health is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
All positions subject to close without notice.
