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Company: MedStar Medical Group
Location: Columbia, MD
Career Level: Mid-Senior Level
Industries: Not specified

Description

Reporting to the AVP, Revenue Analytics, the Manager of Revenue is responsible helping to build out the newly created Revenue Analytics Center of Excellence (COE) that will be responsible for overseeing the 10 hospital revenue budgets and analysis functions. This role will be responsible for 1 direct report and working closely with the broader team in developing the team and creating analyses and reporting on revenue performance, leading budgeting and forecasting processes, and providing actionable insights to enhance revenue strategies. This role involves working closely with local finance teams and various COEs to ensure consistent revenue budgeting, accurate revenue tracking and reporting, as well as identifying opportunities for revenue growth.
Education

  • Bachelor's degree Finance, Accounting, Economics, Business Administration, or related field required
  • Master's degree Related Field or Professional Certification (e.g. CFA, CPA) preferred
Experience
  • 5-7 years Experience in financial analysis, revenue management, or a related field. required
  • 5-7 years Proven experience in analyzing revenue data, financial reporting, and budgeting. Supervisory experience required. required
  • Experience with PeopleSoft, Hyperion, Tableau, PowerBI, and Alteryx, Crowe Revenue Cycle Analytics, SQL, Advanced Excel preferred
Licenses and Certifications
  • Certified Public Accountant (CPA) preferred
Knowledge, Skills, and Abilities
  • Strong analytical and problem-solving skills with the ability to interpret complex financial data. Proficiency in financial modeling, forecasting, and data analysis. Advanced proficiency in Excel and financial software; experience with data visualization tools (e.g., Tableau) is a plus. Excellent communication skills, with the ability to present findings and recommendations clearly to stakeholders.
  • Detail-oriented with a focus on accuracy and data integrity. Proactive and results-driven, with strong organizational and time-management skills. Ability to work independently and as part of a team in a fast-paced environment. Adaptable and able to handle multiple tasks and priorities effectively.
  • Develops and manages the revenue budgeting process, including annual budgets, forecasts, and long-term financial plans.
  • Collaborates with financial planning and analysis COE, strategic planning team, local finance, patient financial services, rates and reimbursement and other departments to gather input and ensure alignment of revenue budgets with business goals.
  • Reviews detailed analysis of revenue by LOB, including trend analysis, variance analysis, and KPI tracking. Identifies and reports on key drivers of revenue performance and areas for improvement.
  • Utilizes reporting tools to provide insights to stakeholders.
  • Reviews and presents regular reports on revenue performance, including monthly, quarterly, and annual reports.
  • Assists in the development of financial models to project revenue and assess the impact of business initiatives.
  • Monitors actual performance against budgeted figures and provide variance analysis.
  • Analyzes forecasts based on actual performance and changing business conditions.
  • Oversees and trains the team on revenue-related databases and systems.
  • Identifies opportunities to improve revenue management processes and reporting.
  • Conducts regular reviews of revenue data and processes to ensure accuracy and integrity. Recommends and implements enhancements to streamline data collection, analysis, and reporting.
  • Works closely with local finance, Analytics, Reporting and Data Governance Center of Excellence and other departments to gather relevant data and provide financial insights.
  • Supports ad-hoc analysis and special projects as needed to assist in strategic decision-making.
  • Ensures compliance with financial regulations, company policies, and accounting standards.
  • Leads and mentors a team of revenue analysts and budget professionals, setting clear objectives and performance expectations. Fosters a collaborative and high-performance work environment. Conducts performance reviews and provides coaching and development opportunities for team members.
  • Ensures that each member of the team continually develops strong analytical skills, deep business knowledge, and effective competencies in relevant revenue reimbursement objectives
  • Identifies and implements process improvements to enhance the efficiency and accuracy of revenue budgeting and month end analysis. Leverages financial systems and tools to streamline budgeting and reporting processes.
  • Interfaces with operational teams, such as Patient Financial Services, Rates and Reimbursement, Managed Care, Risk Management Financial Planning and Analysis, Reporting, Analytics and Data Governance and IT to develop and record significant accounting estimates such as revenue related reserves in addition to developing budgets and analyzing monthly results.
  • Ensures compliance with financial regulations, company policies, and accounting standardsIdentify potential revenue risks and develop strategies to mitigate them.
  • Plans, organizes, and directs personnel and operations for the dep

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