Director of Financial Planning & Analysis
Job Title: Director of Financial Planning & Analysis
Job Code: 5226
Department: Finance
FLSA Class: Exempt / Salaried
Reporting Relationship: VP of Finance
Mary Free Bed Summary
We have the great privilege of helping patients and families re-build their lives. It's extraordinarily meaningful work and the reason we greet the day with optimism and anticipation. When patients "Ask for Mary," they experience a culture that has been sculpted for more than a century. Our hallmark is to carefully listen to patients and innovatively serve them. This is true of every employee, from support staff and leadership, to clinicians and care providers.
Mary Free Bed is a not-for-profit, nationally accredited rehabilitation hospital serving thousands of children and adults each year through inpatient, outpatient, sub-acute rehabilitation, orthotics and prosthetics and home and community programs. With the most comprehensive rehabilitation services in Michigan and an exclusive focus on rehabilitation, Mary Free Bed physicians, nurses and therapists help our patients achieve outstanding clinical outcomes.The growing Mary Free Bed Network provides patients throughout the state with access to our unique standard of care.
Mission Statement
Restoring hope and freedom through rehabilitation.
Employment Value Proposition
At Mary Free Bed, we take pride in our values-based culture:
Focus on Patient Care. A selfless drive to serve and heal connects all MFB employees.
Clinical Variety and Challenge. An inter-disciplinary approach and a top team of professionals create ever-changing opportunities and activities.
Family Culture. We offer the stability of a large organization while nurturing the family/team atmosphere of a small organization.
Trust in Each Other. Each employee knows that co-workers can be trusted to make the right decision for our family, patients, staff, and community.
A Proud Tradition. Years of dedicated, quality service to our patients and community have yielded a reputation that fills our employees with pride.
Summary
Under the direction of the Vice President of Finance, assists with financial planning and budgeting processes, analyzing financial statements and reports, developing financial models, and preparing projections across MFB subsidiaries and clinical service lines. Works with the Vice President of Mary Free Bed Advisory Group to develop partnerships and professional services agreements throughout the post-acute continuum. Evaluates the feasibility of new programs and facilitates implementation.
Essential Job Responsibilities
Explores opportunities for Mary Free Bed to develop and/or to partner with other health care providers in the development of new or existing post-acute services
Creates business plans for new ventures including sensitivity analysis and ROI
Uses decision support tools appropriately
Analyzes bed needs and financial feasibility.
Identifies relationships with referral partners and assesses the potential patient volumes.
Evaluates physical space requirements, availability within existing facility, needs for additional construction, renovation and equipment, and resources available to meet these needs.
Assesses other potential operational roadblocks to integration of the rehab unit with partner facility and the MFB Network, i.e. systems integration issues, differences in processes, standards of care, organizational culture.
Completes market assessments using various databases
Manages 3rd party consultants related to evaluating transactions (ie: valuations, auditors)
Identifies requirements and recommends effective processes to obtain required approvals from governmental and other regulatory bodies, including Certificate of Need, licensures, accreditations, etc.
Facilitates transition of new or integrated inpatient program to Operations:
Establishes project timeline, objectives and goals.
Facilitates integration of new program financials with Mary Free Bed accounting.
Presents to Mary Free Bed executives and Advisory Group clients.
Presents consulting conclusions, data analysis and feasibility studies.
Works with clients to obtain necessary facility specific data as requested to perform consulting and discovery projects
Provides financial expertise to the Mary Free Bed including but not limited to:
Industry trends and risk mitigation
Financial statement analysis
Reimbursement, capacity analysis, operational efficiencies, etc.
Investment analysis
Annual Budgeting
Financial opportunities
Develop financial models through benchmarking and process analysis, compare anticipated and actual results and identify areas of improvement
Other duties as assigned, including but not limited to:
Creates graphical representations of data using a variety of data management systems. Integrates graphs into reports and presentation documents.
Develops relationships with key internal and external stakeholders
Researching, conducting analysis and contributing to white papers that are distributed by the organization
Staying current with CMS, State, and healthcare laws, trends and regulations as they pertain to specific projects
Oversight of interns/students as appropriate
Willing to travel by plane and car on overnight trips as appropriate
Leadership Must-Haves will be followed for patient and staff interactions:
We'll embrace all people by:
Treating everyone with dignity and respect.
Opening more doors to opportunity for others to succeed.
Growing talent and people.
Ensuring a welcoming experience for all we serve, regardless of origin, race, religion,... For full info follow application link.
Mary Free Bed is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, veteran status, disability or other legally protected characteristic.
