Assistant Director of Financial Analytics and Planning

Department
 

BSD AFA - Finance Analytics and Business Intelligence

About the Department
 

The Biological Sciences Division (BSD) and the University of Chicago Medical Center (UCMC) are managed by a single Dean/Executive Vice President and comprises the largest unit of the University, accounting for 60% of its annual budget. All physician, hospital, and clinic services are managed through the Medical Center, which is a $1.3 billion enterprise. The BSD includes the Pritzker School of Medicine, approximately 20 academic units, degree granting committees, and research centers and institutes. The BSD is located on the University's main campus in Hyde Park, ten minutes south of downtown Chicago. BSD's patient care operations are conducted primarily at the University of Chicago Hospital and clinics, which share the same campus. The University of Chicago Practice Plan (UCPP) is the central organization that supports the clinical activity of nearly 850 clinically active faculty practicing at the University of Chicago. These clinically active faculty collectively form the University of Chicago Physicians Group (UCPG). The University of Chicago Physicians' Group (UCPG) is a component of the physician practice plan for the University of Chicago. The UCPG department provides billing services for medical services provided by University physicians and manages the accounts receivable collection and reporting processes for the Biological Sciences Division (BSD) departments. Each physician is a faculty member and is based in a specified department in the BSD.

Job Summary
 

The job provides specialized financial knowledge and breadth of expertise to serve complex departmental or divisional units enabling leaders to meet organizational needs, align with goals and accomplish strategic targets. Develops, manages, or interprets reports and data to make recommendations for revenue, budget, or similar department or divisional financial strategies.
The Assistant Director of Financial Analytics and Planning will be responsible for data integrity and reporting of the UCPG professional billing database that is used as a billing and data analytics tool by BSD and the reporting of provider data for BSD, Care Network, and PHA physicians. The Asst. Director will work with hospital finance and analytics team on aligning physician reporting data across the enterprise’s physician and hospital reporting systems as well as provide expert knowledge on ad hoc analytics projects.

Responsibilities

• Oversee production of a variety of month end reporting packages that serve the revenue cycle management, staff, and clinical departments.

• Oversee the updating and maintenance of the data fed to the Clinical Practice Solution Center (aka CPSC/FPSC).

• Act a training resource across the organization with respect to customized transaction, AR and denial cubes.

• Perform all manner of ad hoc data analysis involving revenue cycle data and metrics.

• Work with BI programming staff to enhance and maintain assorted dashboards.

• Support revenue cycle staff and clinical departments in the analysis of revenue cycle data and reports.

• Act as a possible liaison to other consumers of UCPG data across the enterprise.

• Develop an ability to use eSimon (UCMC’s cost accounting system) to augment analysis when necessary.

• Devise financial models and provide analytical support for more complex projects.

• Develops and maintains key performance indicator reports/dashboards in revenue cycle, clinical, and administrative areas.

• Provide consulting and advisory services to all levels of customers in the organization including executive and faculty leadership.

• Assess, modify and/or develop and implement processes/procedures/systems to increase efficiency, accuracy and insightfulness of data analytics.

• Provide training and education as needed to inside and outside department employees.

• Conducts financial research to advance decision-making and communication for critical stakeholders. Solves financial problems by designing and executing regular and ad hoc financial analysis, including forecasting, risk analysis, and evaluation of strategic options.

• Identifies critical areas for attention and analysis. Devises approaches for improving the general level of strategic and analytical thinking.

• Serves as an experienced liaison interacting with financial administrators within operational units on financial, budget or accounting matters to prepare, advise and recommend.

• Provides financial input based on the development of data collection, metrics, reports and other analytical applications.

• Management of data integrity and reporting from the physician database (UCPG Cube).

• Identification, establishment, and promotion of the best use of data analytics to deliver strategic objectives; and the use of information to deliver transformational change.

• Leads data analytic staff.

• Collaborates with the Medical Center decision support group to maximize and integrate the analysis developed.

• Identifies clinical improvement opportunities based on data trends. Promotes evidence-based best practice.

• Partners with departments to prepare adhoc analytics and data cleanup.

• Leads the analytics around ambulatory volume budgeting, reporting, and variance analysis.

• Translation of complex quantitative information into presentations and reports that are easily understood by leadership. Summarize and report key analytics funding to all levels of management.

• Serves as an experienced liaison interacting with financial administrators within operational units on financial, budget or accounting matters to prepare, advise and recommend.

• Provides financial input based on the development of data collection, metrics, reports and other analytical applications.

• Performs other related work as needed.

Minimum Qualifications
 

Education:

Minimum requirements include a college or university degree in related field.

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Work Experience:

Minimum requirements include knowledge and skills developed through 7+ years of work experience in a related job discipline.

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Certifications:

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Preferred Qualifications

Education:

• MBA or advanced degree in business, finance, management information systems, public policy, not-for-profit administration, healthcare administration, or a related field.

Experience:

• Experience in a university physician group or academic medical center.

• Experience with Financial modeling.

Preferred Competencies

• Knowledge of financial computing and database software applications.

• Knowledge of various financial principles, practices, and applications including revenue cycle metrics, financial analysis, and financial reporting.

• Intellectual versatility and creativity.

• Strong analytical and organizational skills, attention to detail.

• Ability to work independently with sound judgement.

• Strong educational background with focus in business, economics or related technical field. Course work in accounting and finance.

• Proficiency Microsoft Office (Word, Excel, PowerPoint).

• Strong interpersonal, verbal, and written communication skills. Ability to establish and maintain relationships at all organizational levels.

• Flexibility and ability to work effectively and gracefully under pressure.

Working Conditions

•  Office setting.

Application Documents

• Resume (required)

• Cover Letter (preferred)

When applying, the document(s) MUST  be uploaded via the My Experience page, in the section titled Application Documents of the application.

Job Family
 

Financial Management

Role Impact
 

Individual Contributor

FLSA Status
 

Exempt

Pay Frequency
 

Monthly

Scheduled Weekly Hours
 

40

Benefits Eligible
 

Yes

Drug Test Required
 

No

Health Screen Required
 

No

Motor Vehicle Record Inquiry Required
 

No

Posting Statement
 

The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, national or ethnic origin, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

 

Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form.

 

We seek a diverse pool of applicants who wish to join an academic community that places the highest value on rigorous inquiry and encourages a diversity of perspectives, experiences, groups of individuals, and ideas to inform and stimulate intellectual challenge, engagement, and exchange.

 

All offers of employment are contingent upon a background check that includes a review of conviction history.  A conviction does not automatically preclude University employment.  Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.

 

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