Overview
As a patient-focused organization, University of Utah Health exists to enhance the health and well-being of people through patient care, research and education. Success in this mission requires a culture of collaboration, excellence, leadership, and respect. University of Utah Health seeks staff that are committed to the values of compassion, collaboration, innovation, responsibility, integrity, quality and trust that are integral to our mission. EO/AA
- Leads financial modeling and analytics for the U of U Health clinical enterprise, supporting evaluation of new facilities, clinical programs, and resource requests.
- Integrates patient-level costing, general ledger, and other financial and operational data to develop standardized and ad hoc financial models that enable consistent, objective, and actionable analysis across the enterprise.
- Provides independent financial assessments to inform Enterprise
- Management Committee and system leadership decisions regarding resource allocation, program growth, facility expansion, and strategic investments.
Corporate Overview: University of Utah Health is an integrated academic healthcare system with five hospitals including a level 1 trauma center, eleven community health centers, over 1,600 providers, and a health plan serving over 200,000 members. University of Utah Health is nationally ranked and recognized for our academic research, quality standards and overall patient experience. In addition to our clinical delivery system, we have a School of Medicine, School of Dentistry, College of Nursing, College of Pharmacy, and College of Health providing education and training for over 1,250 providers annually. We have over 2 million patient visits annually and research grants exceeding $350 million. University of Utah Hospitals and Clinics represents our clinical operations for the larger health system.
Responsibilities
Essential Functions
Clinical financial analytics
Lead the development and maintenance of standardized financial models, analytical tools, and reporting methodologies for use across the U of U Health clinical enterprise.
Provide the CFO and finance leaders with scenario modeling, ad hoc analysis, and actionable financial insights to support strategic and operational decision-making.
Integrate patient-level costing, general ledger, and relevant operational data to deliver consistent, reliable, and decision-ready financial analysis.
Patient-level costing methodology and data
Serve as the financial operations liaison for patient-level costing data and methodology, partnering with the Systems Analytics team to support data integrity, consistency, and usability.
Support costing system users by addressing analytical needs, interpreting results, and facilitating access to relevant data.
Coordinate with Financial Systems, which owns platform administration, regarding data feeds, system enhancements, and data governance.
Partner with the Senior Director of Ancillary and Care-line Finance to support application of patient-level costing data in operational performance improvement and financial management.
Investment requests and decision support
Support the CFO, Enterprise Management Committee, and system leadership in evaluating resource requests and strategic investment proposals.
Establish and apply consistent financial modeling standards, assumptions, documentation, and review criteria for resource request submissions.
Evaluate financial implications, key assumptions, risks, and expected outcomes to support objective, enterprise-wide prioritization and decision-making.
Pro forma modeling
Lead financial pro forma development for clinical program growth, new services, facility expansions, and other significant business initiatives.
Maintain standardized modeling templates, assumptions, and methodologies to promote consistency, transparency, and comparability across proposals.
Establish processes to monitor post-approval performance against financial projections, evaluate variances, and incorporate lessons learned into future modeling.
Capital Investment Analysis
Provide financial return analysis, operating impact projections, and other decision-support modeling to the Director of Capital Budgeting to inform capital investment prioritization.
Collaborate with Capital Budgeting and operational finance leaders to evaluate the financial implications of proposed capital investments.
Support capital investment decisions while maintaining the Director of Capital Budgeting's ownership of the capital planning process.
Revenue and volume modeling support
Develop and maintain modeling tools to support Hospital and Ambulatory Finance in evaluating patient volumes, payer mix, revenue, reimbursement, and related financial scenarios.
Provide analytical support for volume growth projections, reimbursement changes, and other factors affecting clinical revenue and financial performance.
Promote consistent modeling approaches and assumptions across hospitals, ambulatory operations, and clinical service lines.
Knowledge / Skills / Abilities
- Knowledge of finance, financial methods, tools and strategies employed by private and public corporations.
- Ability to read, interpret and draw accurate conclusions from financial and numerical material.
- Knowledge of and ability to use processes, tools and techniques for exploring and evaluating alternative financial scenarios and results.
- Knowledge of the functions, tools and processes needed to manage financial assets and liabilities throughout the organization.
- Knowledge of the methods, processes, and tools for maintaining the books of the organization and preparing financial statements and reports.
- Knowledge of financial and accounting applications specific to the organization.
- Demonstrated leadership, human relations, and effective communication skills.
- Demonstrated advanced analytic skills and the ability to present complex analysis clearly to senior executives and committees.
Qualifications
Required
- Bachelor's degree in finance, accounting, economics, business, or a related field; master's degree preferred.
- Eight or more years of healthcare finance or analytics experience, including financial modeling and pro forma development.
- Hands-on experience with patient-level costing systems and cost allocation methodology.
- Advanced analytic skills and the ability to present complex analysis clearly to senior executives and committees.
- Experience leading analysts or analytic teams preferred.
Qualifications (Preferred)
Preferred
- CPA or equivalent professional credential preferred.
Working Conditions and Physical Demands
Employee must be able to meet the following requirements with or without an accommodation.
- This is a sedentary position that may exert up to 10 pounds and may lift, carry, push, pull or otherwise move objects. This position involves sitting most of the time and is not exposed to adverse environmental conditions.