Individual with primary financial responsibility for revenue recognition for medical services billed by UCPG, operational budget of UCPG, and University of Chicago Health Plan (UCHP). Oversee a team of two financial analysts and supported by the UCPG analytics team, provide regular and accurate reports that include analysis and recommendations concerning financial performance measures to UCPG, UCPP and UCHP; apprise leadership regarding performance compared to budget and updated financials.
Perform financial analysis, auditing, and reporting for UCPG, UCPP and UCHP.
Oversee preparation of annual and monthly financial statements and annual budgets for UCPG/UCPP/UCHP.
Support clinical departments and BSD Finance with clinical activity analysis in annual budget preparation as well as ongoing performance analysis.
Monitor UCPG accrued revenue analyzing appropriateness of allowances at a departmental and section level.
Utilize sound presentation and customer service expertise to effectively present financial analysis/data to UCPP, BSD leadership, and BSD staff.
Develop goals, objectives, and performance measures for financial analysis, decision support, and reporting services of UCPP, UCPG, and UCHP.
Establish and provide management with cost data, cost analysis, data management, support systems and processes to measure and improve the cost efficiencies of services provided by UCPG, UCPP, and UCHP.
Perform routine fiscal assessments for UCHP of all managed care and negotiated payment agreements to ensure best practices are maintained and cash flow maximized.
Assess UCHP Incurred But Not Reported (IBNR) liabilities in collaboration with external actuary as well as ad hoc analysis related to the planâ™s risk lives.
Establish and manage UCHP risk reserves, capitated payment structures, and reinsurance activity.
Work in conjunction with the necessary parties to develop, coordinate, implement, maintain and update decision support analysis.
Coordinate activities of UCPG Finance with the Biological Sciences Division, the University of Chicago, the University of Chicago Hospitals, and UCPG Operations.
Oversee maintenance of equipment and supply inventories and other contractual obligations of UCPG, UCPP, and UCHP.
Ensure finance staff manages priorities, performance and allocation of work to meet goals and objectives, consistent with the performance measures established.
Remain current and inform management and staff of changes in the local and national health care market, regulatory processes and federal/state legislation.
Knowledge of Microsoft Office, financial computing, and database software applications required.
Knowledge of various financial principles, practices, and applications including budgeting, financial planning, and financial reporting required.
Strong financial modeling skills required. Intellectual versatility and creativity required.
Strong analytical and organizational skills required.
Strong interpersonal, verbal, and written communication skills required.
Ability to think strategically and translate into operational objectives required.
Ability to independently develop and analyze alternative solutions and make recommendations required.
Ability to work closely with senior University officials required.
Ability to work effectively under considerable time pressure on high visibility, high stakes projects required.
Education, Experience, and Certifications:
Bachelor's degree required
Bachelor's degree in finance, business administration, accounting, or economics preferred
CPA, MBA or advanced degree in finance, public policy, not-for-profit administration, or a related field preferred
A minimum of 10 years of experience in finance required.
Experience working in an Academic Medical Center or healthcare industry required.
Experience in administration, personnel management, and business systems required.
Experience working in managed care, health plan management or physician revenue cycle strongly preferred.
Experience working in a health plan management preferred.
Cover Letter strongly preferred
NOTE: When applying, all required documents MUST be uploaded under the Resume/CV section of the application
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Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via the Applicant Inquiry Form.
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