Senior Director Finance Hospital Operations R35787 Finance Other - Baystate Health

Company: Baystate Health
Location: Springfield
Posted on: May 3, 2025

Job Description:

Req#: R35787Category(s): Finance, Finance OtherFull Time / Part Time: Full-TimeShift: FirstSummary:Locations:

• Chestnut St, Springfield MA
• Onsite (Hybrid option)Schedule:
  • Monday-Friday 8a-5p
  • Dayshift
  • FulltimeThe BH Senior Director of Finance - Hospital Operations & System Budgets is responsible for developing strategy, delivering analyses, and implementing performance improvements related to the operational financial performance of Baystate Health. The incumbent works in close partnership with entity Operations Leadership and their Teams as the Finance division's key liaison to other Finance departments while supporting the business operations and financial goals of BH. The Senior Director of Finance - Hospital Operations & System Budgets leads all operating and capital budget activities. The incumbent is responsible for providing effective management of Budget & Business Performance, and oversight of the Finance Teams at BFMC, BNH, and BWH, respectively.The BH Senior Director of Finance - Hospital Operations & System Budgets reports directly to the Vice President of Finance, Support Services. In addition, the incumbent maintains a matrix reporting relationship to the President of BMC and the President of the Community Hospitals. The BH Senior Director of Finance - Hospital Operations & System Budgets develops & maintains excellent relationships with Operations management and is a major liaison in the partnership between Finance and Operations. The incumbent continually monitors, interprets, and analyzes the financial performance of all BH hospitals. In short, the BH Sr. VP of Finance & CFO, as well as the VP of Finance - Support Services charge the incumbent with taking the lead role in mobilizing Finance and Operational Leadership colleagues in response to urgent requests, special projects, and associated analytics in order to develop recommendations to improve BH financial performance.Job Responsibilities:
  • Evaluation and Communication of the Financial Performance of BH Hospitals: Monitors, interprets, and leads the analysis of the financial performance for the Health System and develops recommendations to improve performance. Effectively communicates to management and recommends to Senior Hospital Operations management corrective actions as needed.
  • Evaluation and Oversight of the Financial Performance for Baystate Medical Practices (BMP): Monitors, interprets, and leads the analysis of the financial performance of BMP and collaborates with physician leaders to evaluate new providers, practices, and programs from a financial perspective. Oversees the preparation of the BMP annual budget, setting targets and budget expectations for service lines and Departments.
  • Evaluation and Oversight of Baystate Health and Baystate Administrative Services - Management and Information & Technology Budgets and Financial Performance: Primarily responsible for leading the financial oversight, tracking, and reporting for the parent company, BH, and the operating company, BAS.
  • Key Contributor in the Development of New Initiatives to Enhance BH Financial Performance: Key contributor to the system wide Baystate Financial Improvement Team (BFIT) whose primary goal is to enhance BH financial performance through the identification of new initiatives and monitoring of ongoing projects.
  • Coordinate BH System-wide Budget Development Process and Communicate BH Financial Performance: Leads the coordination of the system-wide budget process and budget strategies and communication of budget status to senior leadership.
  • Management of Assigned Areas: Provides management oversight of the Budget & Business Performance for the Health System. Establishes procedures, policies, and goals for assigned responsibilities consistent with those of the Finance Division, Operations Management, and BH.
  • Develop Relationships with Operational and Senior Leadership and Provide Necessary Support for the Business Needs of BH: Develops exceptional relationships with Operations management and plays a leadership role in the partnership between Finance and Operations.
  • Develop and Enhance the BH Business Performance Tools and Processes: Leads initiatives to enhance business performance monitoring and analytics.
  • Monitors and Directs the Financial Operations of Baystate Home Health: Serves as the financial leadership liaison to BHH supporting financial management staff, budgets, reporting and financial statement preparation.
  • Other Duties as Required: Performs other duties as requested by the Vice President of Finance.Required Work Experience:1) 10+ Years of experiencePreferred Work Experience:1) None listedRequired Education:1) Bachelor of Science (Finance/Accounting/Economics)Preferred Education:1) Master of Science and/or CPASkills and Competencies:1) Demonstrated leadership & management experience in hospital financial setting.Benefits:
    • Excellent Compensation
    • High-quality, low-cost medical, dental and vision insurance
    • Generous PTO - up to 25 days in the first year, with scheduled earned increases
    • Continuing education support and reimbursement
    • 403b retirement company match & annual company contribution increase based on years of service
    • Wellbeing programs that include mental, physical, and financial healthYou Belong At BaystateAt Baystate Health we know that treating one another with dignity and equity is what elevates respect for our patients and staff. It makes us not just an organization, but also a community where you belong.Equal Employment Opportunity EmployerBaystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.
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Keywords: Baystate Health, Bridgeport , Senior Director Finance Hospital Operations R35787 Finance Other - Baystate Health, Executive , Springfield, Connecticut