Business Manager - Medicine Division

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916230

Vidant Medical Center

Full Time

Regular

Summary

About Vidant Medical Center

Vidant Medical Center is a fully accredited, 900+ bed regional referral facility encompassing a Level-1 Trauma Center and extensive inpatient and outpatient services including Medical intensive and intermediate care, Pediatrics, Telemetry, Nephrology, Internal Medicine, Family Medicine, and Surgery.

In July 2013, Vidant Medical Center received Magnet® designation from the American Nurses Credentialing Center (ANCC). Magnet® recognizes health care organizations for quality patient care, nursing excellence and professional practice. Vidant Medical Center provides vacation and sick leave and a comprehensive benefits package including medical, dental, life and disability insurance and a 401(k) retirement plan. Benefits begin first day of employment.

We are located in Greenville, NC which is located in the heart of North Carolina’s coastal plain, just a short drive from the famous Outer Banks beaches, the attractions in the Triangle area (Raleigh, Durham and Chapel Hill), and the Blue Ridge Mountains.  Greenville is home to East Carolina University, an integral part of North Carolina’s excellent university system. With a population of 84,000, Greenville offers the best of urban amenities and a friendly environment. 

 

Business Manager for Medicine Division

Position Summary

The primary role of the business manager is to support the quantitative, strategic, and non-clinical business needs of the service line. The role exists to improve financial performance of the service line by enhancing the administrative attention to detail in the areas of financial analysis and forecasting, productivity management, expense management, contract management, and other special projects. 

Responsibilities 

1. Provides financial performance support for Medicine Service Line by utilizing expertise in quantitative analysis to assist clinical administrators/managers with efficient service line management and business planning needs.

  • Review productivity, time/attendance management, and staffing reports for cost avoidance.
  • Monitor overtime/incentive and track opportunity to improvement.
  • Assist the administrative team with data analysis that result in cost avoidance and revenue enhancement.
  • Assist in the development of business plans for new services and procedures.

2. Determine the etiology of variances from projected outcomes.

  • Determine cost avoidance measures and assist the administrators/managers in tracking incremental improvement.
  • Assist with revisions to revenue forecasts.
  • Monitor charge entry accuracy and define opportunity to maximize profit.

3. Assist administrators/managers with budget preparation.

  • Maintain volume reports throughout the year to assist with the volume projections for subsequent budget.
  • Function as a liaison with financial departments to monitor and project financial impact to budget of strategic business changes.

4. Facilitate contract process and renewals.

  • Evaluate financial impact of the contract proposal during the development phase of negotiations.
  • Monitor the sum set and renewal dates to ensure efficient negotiations in a timely manner.
  • Work with vendors as appropriate to negotiate purchase pricing consistent with national benchmarks and VMC strategic goals.

5. Manage purchase requisition process within the service line.

  • Review all purchase orders and reconcile to budget parameters to ensure cost avoidance and non-budgeted expenses.
  • Assist with timely processing of purchase requisitions.

6. Manage the medicine barometer. Day to day input, analysis.

Minimum Requirements

  • Minimum requirements include 4 year degree in any field.
  • One to three years experience in financial or statistical field gained in healthcare or other productivity based organization.
  • Advanced degree in business management may be substituted for experience. 

Preferred Requirements

  • Master's degree in business, healthcare administration or related field. 
  • Proficient in Excel/Access or other related quantitative tools.
  • Proficiency in financial or managerial accounting.
  • Experience with development of business pro-forma and financial forecasting.
  • Experience with contract negotiations. 

General Statement

It is the goal of Vidant Health and its entities to employ the most qualified individual who best matches the requirements for the vacant position.

Offers of employment are subject to successful completion of all pre-employment screenings, which may include an occupational health screening, criminal record check, education, reference, and licensure verification.

We value diversity and are proud to be an equal opportunity employer.   Decisions of employment are made based on business needs, job requirements and applicant’s qualifications without regard to race, color, religion, gender, national origin, disability status, protected veteran status, genetic information and testing, family and medical leave, sexual orientation, gender identity or expression or any other status protected by law. We prohibit retaliation against individuals who bring forth any complaint, orally or in writing, to the employer, or against any individuals who assist or participate in the investigation of any complaint.

 

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