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FileImport - Children's National Medical Center
Business Manager
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What they do
A General Manager manages all aspects of a business. May be responsible for managing a small business, or managing one division or department of a larger business. Oversees administration, finance, communication and marketing as well as operations for a company. Reports to business owners, executive management or a board of directors.
$105,887 / year median in Maryland
+4% projected growth
Job Description
Business Manager
1 Inventa PlaceSilver Spring, MD 20910Kids Are Our Everything.
Department10467 Pediatric Health NetworkPay Range$97,947.20 - $163,238.40Support the administration and financial oversight of value-based care arrangements by reviewing monthly financial reports, reconciling shared savings and quality payments, and help with provider network management.
Participates in planning, implementation, management and evaluation of service/department activities for Children's National in accordance with accepted national standards and administrative policies. The Business Manager is responsible for preparing and ensuring the accuracy of monthly financial reports for each assigned cost center. Will review and analyze variances with each team and tracks progress of any improvement plans. Assist with the development and monitoring of operating and capital budgets to ensure accurate reporting of revenue and expenses. Work closely with leadership team in developing business strategies and new business plans. Proactively review current processes and make recommendations to improve efficiencies.
Minimum EducationBachelor's Degree (Required) OrMBA (Preferred)Minimum Work Experience5 years Business Administration, Hospital Administration, Public Administration or other related field (Required)3 years Progressive financial analytics and data modeling (Preferred)Required Skills/KnowledgeDemonstrates creativity, foresight and judgment in managing competing demands and workload.
Analytical ability sufficient to evaluate data, make judgments and provide recommendations and action plans regarding department operations and budgets, design protocols, and generate actionable business reports.
Familiarity with healthcare finance.
Skilled communicator with a style that engenders trust and accountability while partnering with diverse team members.
Highly energetic with a collaborative style and ability to quickly adapt to an ever changing environment.
Functional AccountabilitiesDepartment Strategic PlanningContribute to strategic plan formulation for department services, including both short-term and long-term objectives. Collaborate with leadership to evaluate new program initiatives for effectiveness, sustainability and fiscal feasibility. Assist department leadership with development, implementation and evaluation of services, programs, policies and procedures, and performance standards to achieve departmental goals. Promote the success of organizational and department initiatives by clearly aligning programs to the mission. Budget & Financial ManagementPrepare documentation and projections to support operating and capital budget planning process for responsible cost centers. Monitor and/or prepare daily, monthly, and quarterly performance data for budget variances and collaborates with management team to resolve discrepancies; action plan to meet budget gaps. Monitor payroll distribution of staff to ensure salary expenses are within budgeted projections; ensures timely correction of payroll allocation. Review monthly statistics; analyze variances and communicates with leadership teams to address gaps and correction plans. Prepare business plans for new ventures, acquisitions & purchase of new equipment. Analyze revenue reconciliation and reimbursement to identify trend, insurance contract negotiations and collaborates with team to develop and implement correction plan. Performance Metrics, Program Evaluation & EnhancementAssist in the development, evaluation and implementation of new ventures, services, partnerships and acquisitions; develops business plans and financial projections.
Work with leadership team to develop performance metrics and evaluation tools for measuring each aspect of clinical contracts and quarterly performance indicator ...For full information see follow application link. Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individual with Disabilities.
Department10467 Pediatric Health NetworkPay Range$97,947.20 - $163,238.40Support the administration and financial oversight of value-based care arrangements by reviewing monthly financial reports, reconciling shared savings and quality payments, and help with provider network management.
Participates in planning, implementation, management and evaluation of service/department activities for Children's National in accordance with accepted national standards and administrative policies. The Business Manager is responsible for preparing and ensuring the accuracy of monthly financial reports for each assigned cost center. Will review and analyze variances with each team and tracks progress of any improvement plans. Assist with the development and monitoring of operating and capital budgets to ensure accurate reporting of revenue and expenses. Work closely with leadership team in developing business strategies and new business plans. Proactively review current processes and make recommendations to improve efficiencies.
Minimum EducationBachelor's Degree (Required) OrMBA (Preferred)Minimum Work Experience5 years Business Administration, Hospital Administration, Public Administration or other related field (Required)3 years Progressive financial analytics and data modeling (Preferred)Required Skills/KnowledgeDemonstrates creativity, foresight and judgment in managing competing demands and workload.
Analytical ability sufficient to evaluate data, make judgments and provide recommendations and action plans regarding department operations and budgets, design protocols, and generate actionable business reports.
Familiarity with healthcare finance.
Skilled communicator with a style that engenders trust and accountability while partnering with diverse team members.
Highly energetic with a collaborative style and ability to quickly adapt to an ever changing environment.
Functional AccountabilitiesDepartment Strategic PlanningContribute to strategic plan formulation for department services, including both short-term and long-term objectives. Collaborate with leadership to evaluate new program initiatives for effectiveness, sustainability and fiscal feasibility. Assist department leadership with development, implementation and evaluation of services, programs, policies and procedures, and performance standards to achieve departmental goals. Promote the success of organizational and department initiatives by clearly aligning programs to the mission. Budget & Financial ManagementPrepare documentation and projections to support operating and capital budget planning process for responsible cost centers. Monitor and/or prepare daily, monthly, and quarterly performance data for budget variances and collaborates with management team to resolve discrepancies; action plan to meet budget gaps. Monitor payroll distribution of staff to ensure salary expenses are within budgeted projections; ensures timely correction of payroll allocation. Review monthly statistics; analyze variances and communicates with leadership teams to address gaps and correction plans. Prepare business plans for new ventures, acquisitions & purchase of new equipment. Analyze revenue reconciliation and reimbursement to identify trend, insurance contract negotiations and collaborates with team to develop and implement correction plan. Performance Metrics, Program Evaluation & EnhancementAssist in the development, evaluation and implementation of new ventures, services, partnerships and acquisitions; develops business plans and financial projections.
Work with leadership team to develop performance metrics and evaluation tools for measuring each aspect of clinical contracts and quarterly performance indicator ...For full information see follow application link. Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individual with Disabilities.