Senior Financial Consultant

Financial Consultant, Sr

Orlando Health Medical Group is a comprehensive physician group serving patients from across the southeastern United States. With over 200 practices and 1,200 physicians, the organization has a strong presence in more than 55 specialties, including cardiology, vascular medicine, orthopedics, oncology, digestive health, neurology, neurosurgery, bariatric surgery, general surgery, bone marrow transplant, and critical care medicine, as well as over 30 pediatric subspecialties, women's health, primary care, and the largest hospitalist program in Florida.

The organization is part of the Orlando Health system of care, which includes award-winning hospitals and ERs, specialty institutes, urgent care centers, primary care practices, and outpatient facilities spanning Florida's east to west coasts and beyond.

Collectively, our 27,000+ team members honor our over 100-year legacy by providing professional and compassionate care to patients, families, and communities we serve.

Key Responsibilities

• Responsible for the creation, execution, and refinement of financial analyses, processes, accounting, reporting, reimbursement, and other finance and accounting-related activities.
• Serves as a finance business partner to executive leadership on a regular basis.
• Responsible for financial oversight of complex financial functions and processes, including support to multiple business units.
• Support business planning processes, the development of annual operating and capital budgets, accounting-related business processes, financial reporting, decision support, and cost accounting, regulatory filing, or other similar finance and accounting-related activities.
• Provide internal and external customers with accurate and timely data to support strategic decision-making and compliance.
• Provide accurate internal and external financial accounting and reporting.
• Provide resources, project management, and specialized knowledge to assure effective and timely completion of projects.

SpecializationsFinancial Planning

• Develop and prepare financial and statistical reports to support leadership in business development, strategic planning, and financial performance review.
• Responsible for developing and maintaining reporting to evaluate financial performance compared to key performance indicators.
• Develop and prepare predictive models to assist management with the evaluation of changing regulatory and market forces.
• Assist with long-term plan, annual budget, and forecast development, including the gathering of necessary data, development of financial models, and analysis of results.
• Collect, analyze, and present financial information to assist leadership in identifying risks and opportunities.
• Build and maintain strong relationships throughout the organization, community, and within the field of healthcare.
• Champion best practices and assess process improvement opportunities that drive improved efficiency and productivity.
• Assist with initiatives to improve planning processes and to support strategic development with timely analysis of data.
• Collaborate with corporate accounting and leadership to identify challenges and priorities.
• Assist with financial modeling, analysis, and valuation of new service lines and businesses.

Accounting

• Responsible for identifying, developing, and maintaining accounting journal entries in the assigned area.
• Maintain assigned accounting-related systems, such as general ledger, fixed assets, and other applications, and related upgrade implementation planning, testing, troubleshooting, and problem resolution.
• Develop and maintain relationships with internal and external individuals and firms that are the sources of necessary information used for the preparation of accounting entries in the assigned areas.
• Oversee and review the work of assigned accounting and financial analyst staff to assure accurate and timely accounting and reporting.
• Prepare annual cost reports, AHCA, and other regulatory filings.
• Develop and maintain adequate internal controls over financial reporting and protection of assets in the assigned areas.
• Manage the external audit process, assuring accurate and timely provision of requested items to the auditors.

Reimbursement

• Maintain knowledge of current regulations and assure the Company is in compliance with them.
• Provide ongoing financial oversight in reimbursement.
• Coordinate the completion of all time studies, rotation schedules, bad debt logs, and concurrent nursery logs throughout the organization.
• Complete monthly close schedules and accounting journal entries, ensuring proper statement of contractual adjustments and third-party receivables and payables.
• Complete monthly close schedules and journal entries, including allowances and reserves, to properly state patient accounts receivable.
• Complete reports for the annual financial statements external audit.
• Oversee and coordinate information gathering for cost report audits.
• Maintain knowledge of general ledger system and such support systems as necessary to insure smooth flow of information to users.

Labor and Productivity Management

• Handle day-to-day activities related to the core processes and tools of the Labor Management Program and manage the LaborLytics productivity system.
• Develop labor management/workforce performance dashboards, scorecards, flexible budgeting, and other reporting tools.
• Maintain productivity standards, targets, and statistics, and recalibrate targets based on operation or regulatory changes.
• Work with leaders to determine workload measures and staffing targets.
• Work with leaders to understand their productivity, demand patterns, staffing to demand, and other issues to meet their targets.
• Support the replication and adoption of labor management best practices throughout the organization.
• Produce and provide special reports to executives and leaders across the organization, along with analysis and interpretation of the information therein.
• Support the Monthly Financial Reporting and Quarterly Operating Review processes.
• Participate in and support the process of working with Leaders to develop appropriate benchmarks for their operations.
• Produce reports and prepare analyses for hospital and system executives that identify potential opportunities and provide recommendations for action.
• Participate in the budget process by working with Corporate and site Finance to provide information, analysis, and advice.
• Work closely with Financial Planning, Decision Support, and facility Finance teams to support the budgeting and productivity target-setting process and the measurement of outcomes.
• Work with leaders in a consultative capacity to help them identify opportunities, and to help them realize those opportunities through the development and execution of action plans as it relates to operational productivity improvement.
• Work closely with human resources (HR) leadership and support efforts on various team member issues impacting labor spend.
• Model effective change management behaviors (honesty, integrity, reliability, and persuasiveness), and serve as a change agent by consulting with leaders to implement change effectively.
• Assist with the development and delivery of leader educational content in the area of Labor Management for leaders at all levels.

Requirements

• Required to effectively communicate complex financial models to a wide variety of audiences through verbal and written presentations.
• Ability to manage large projects and oversee leadership of cross-functional teams.
• Education/Training: Masters degree in Finance, Business Administration, Accounting, or related field. A Bachelors degree in Finance, Business Administration, Accounting, or related field and five (5) years of directly related work experience may substitute for the Masters degree.
• Five (5) years of experience in financial analysis and planning, accounting, reimbursement, public accounting, or consulting.
• Computer experience required with an emphasis on spreadsheet and database programs.
• Payroll or physician compensation experience preferred.

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