Sr. Finance Director - Population Health

Company: Cincinnati Children's
Location: Cincinnati
Posted on: March 29, 2025

Job Description:

Sr. Finance Director - Population HealthSr. Finance Director - Population HealthApply locations South Campus time type Full time posted on Posted 2 Days Ago job requisition id JR206405Job DescriptionAt Cincinnati Children's, we come to work with one goal: to make children's health better. We believe in a holistic team approach, both in caring for patients and their families, and in advancing science and discovery. We strive to do better and find energy and inspiration in our shared purpose. If you want to be the best you can be, you can do it at Cincinnati Children's.Cincinnati Children's is:

• Recognized by U.S. News & World Report as a top 10 best children's hospitals in the nation for more than 15 years
• Second Among All Children's Hospitals for National Institutes of Health (NIH) Funding
• Recognized as one of America's Best Large Employers (2025), America's Best Employers for New Grads (2024)
• One of the nation's America's Most Innovative Companies as noted by Fortune
• Consistently certified as a great place to work
• A Leading Disability Employer as noted by the National Organization on Disability
• Magnet designated for the fourth consecutive time by the American Nurses Credentialing Center (ANCC)Purpose of Position: Lead the Office of Population Health's financial strategy, which includes HealthVine and Community Health Services Network. Financial oversight will provide leaders and stakeholders with a clear line-of-sight to Population Health's financial performance.JOB RESPONSIBILITIES
  • Revenue Optimization - Develop and execute medical economic strategies to identify cost trends and opportunities for efficiency improvements. Develop and maintain appropriate working relationships with decision-makers and operating/clinical departments of third-party payers, insurance companies, employers, federal, state, local, international government and private payers. Responsible for input and review of market finance IBNR (HealthVine) models and understanding market cost drivers/trends. Understand reimbursement methodologies impacting insurance products and coordinate with government relations teams on rate advocacy and other governmental policy related to healthcare finance. Continually assess market and government policy changes and re-adjust financial plans accordingly.
  • Financial Leadership - Lead CHSN and HealthVine's financial planning and modeling processes and develop financial analytics, recommendations, and solutions in support of outlined business plan(s) to provide timely, accurate comprehensive and transparent financial reporting including, but not limited to, operating statements, trend reports and key business reports as needed to Senior leadership. Serve as an expert and resource to organizational leaders to ensure CHSN and HealthVine financial strategic plan is aligned with CCHMC's strategic and operating plans with the appropriate metrics to measure performance over time. Develop and foster collaboration between CCHMC financial leadership and CHSN and HealthVine leadership. Responsibility for establishing, directing, evaluating, and coordinating all financial operations related to developing and administering policy, short and long-range goals, strategic planning initiatives, internal and external reporting, regulatory communication, internal controls, and initiatives.
  • Oversee trend analytics to understand cost drivers, root cause analysis, and develop a medical cost management process, including reporting of categorical medical cost vs. target. Lead budget development including forecast tools, maintaining integrity of inputs and methods, and facilitating collaboration among stakeholders to ensure fiduciary accountability and facilitate budgetary discretion to drive effective and efficient care delivery, operational and capital budgets. Provide executive-level dashboards, reporting and commentary to contextualize business performance.
  • Human Resources Management/People Leadership -Direct the development and monitoring of an effective departmental staffing and retention strategy, including hiring, terminating, and performance management of employees. Ensure orientation, in-service training and continuing education are provided to achieve the desired level of performance. Serve as a resource for direct reports, providing regular feedback and supporting their development. Ultimately responsible for supporting organizational programs/plans that impact employees and ensuring communication and adherence to all policies.
  • Strategy - In partnership with Population Health Senior leadership, CCHMC finance leadership team and at times with and CCHMC Executive leadership Committee, serves as a key influencer and participant in the development and execution of strategies that are designed to balance long-term growth, profitability, and competitiveness of CHSN and HealthVine. Use of strategic/systems approach for evaluating business opportunities and formulating strategies to achieve organizational objectives. Provide actionable business insights to Senior Leadership that informs the financial strategic direction of CHSN and HealthVine and aligns clinical outcomes and financial performance; performs ad hoc and trending analysis, both proactively and as requested to support market specific contracting and business initiatives.
  • Compliance / Risk Management - Implement and maintain strong internal controls to provide reasonable assurance of effective and appropriate resource use, accurate financial information, adherence to contractual obligations and agreements, policies, procedures, and external regulatory requirements. Develop and implement policies and procedures that guide and support departmental finances and growth. Identify, communicate, find solutions, and escalate risks in a timely and appropriate manner to protect the assets, resources, information, and reputation of the organization.
  • Performance Improvement & Quality -Responsible for leading quality and accuracy audits related to budgeting. Develop process improvement procedures and ensure plans are implemented by the department finance team and divisional finance leaders. Provides consulting to Business Leadership on improvement opportunities to enhance financial performance.
  • Annual Planning Cycle Leadership -Accountable for development, evaluation, management and reporting of annual fiscal operating budget of the department(s) with an annual budget greater than $100 million. In collaboration with the Vice President or Department leadership, execute strategy & lead efforts with respect to processes, systems & reporting for Annual Budget/Forecast Process for the Department, including variance analysis, reporting & action plans. Ensure strategic initiatives & approved business plans are incorporated into budgets & forecasts. Ensure assumptions related to revenue and expense assumptions are fully aligned with budgets and forecasts. Lead Department annual budget process including evaluating, planning & executing communication. Oversee the review and communication of approved budgets & ensure underlying quality control mechanisms are appropriate, sufficient & executed. Provide an accurate & timely accumulation of departmental budgets and identify potential issues.
  • Training & Development -Provide training to all levels across the organization in the process, purpose and goal of the annual budget as well as training on the budget system. Direct annual training activities related to budget process. Ensure Medical Center staff hired mid-year are apprised of budget process and available reports.Provides financial and budget leadership for the largest, most complex departments, reports centrally to VP or PLT.JOB QUALIFICATIONSRequired:
    • Bachelor's Degree in a related field
    • 7+ years of work experience in a related job disciplinePreferred:
      • Master's degree in finance, accounting, or business
      • Ten years progressively responsible experience in financial leadership
      • Experience with payor and/or accountable care
      • Experience in Medicaid fiscal management
      • Experience with finance within a primary care network
      • Strongly prefer deep forecasting, transformation, strategic planning, and financial modeling experience within an accountable care or payor systemMarket Leading Benefits Including*:
        • Medical coverage starting day 1 of employment. View employee benefits here.
        • Competitive retirement plans
        • Tuition reimbursement for continuing education
        • Expansive employee discount programs through our many community partners
        • Shift Differential, Weekend Differential, and Weekend Option Pay Programs
        • Referral bonus program for current staff!
        • Support through Employee Resource Groups such as African American Professionals Advisory Council, Asian Cultural and Professional Group, EQUAL - LGBTQA Resource Group, Juntos - Hispanic/Latin Resource Group, Veterans and Military Family Advocacy Network, and Young Professionals (YP) Resource Group
        • Physical and mental health wellness programs
        • Relocation assistance available for qualified positions*Benefits may vary based on FTE Status and Position TypePrimary LocationSouth CampusScheduleFull timeShiftDay (United States of America)DepartmentHealthVineEmployee StatusRegularFTE1Weekly Hours40*Expected Starting Pay Range*Annualized pay may vary based on FTE status$122,012.80 - $159,078.40Comprehensive job description provided upon request.Cincinnati Children's is proud to be an Equal Opportunity Employer committed to creating an environment of dignity and respect for all our employees, patients, and families. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, genetic information, national origin, sexual orientation, gender identity, disability or protected veteran status. EEO/Veteran/DisabilityCompletion of ApplicationYou will be asked to fully complete each page of the application to the best of your knowledge. Failure to complete all parts of the application will result in a delay in processing and/or rejection of the application.We provide reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.If you require an accommodation in the application process, contact 513-803-4748 or HR4U@cchmc.org.
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Keywords: Cincinnati Children's, Cincinnati , Sr. Finance Director - Population Health, Healthcare , Cincinnati, Ohio