General Summary

Under the general supervision, manages financial decision support services for an entity or entities within the University of Maryland Medical System. Responsible for researching, designing, negotiating and executing financial decision support projects with clinical and administrative personnel. This position provides a central focus for decision support activities involved in budgeting and cost accounting. Additionally, this position supports clinical resource analysis, performance, and benchmarking as well as supervising and mentoring decision support analysts.

Principal Responsibilities and Tasks

The following statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by personnel so classified nor do all individuals in this position necessarily have responsibility for all the functions.

1. Manages components of the budget processes of the entity including:

A. Meeting with cost center managers to prepare annual budgets

B. Preparation of monthly financial statement analysis to understand and communicate reasons for budget variances.

2. Prepares and distributes financial reporting to support the goals of the entity.

A. Monthly volume reporting as well as analyzing and reporting of material variances.

B. FTE, salary and productivity reporting.

C. Reporting of physician expenses including, if necessary for the entity, routine discussions with the School of Medicine in order to facilitate accurate reporting.

3. Completes financial analysis as necessary to support operational goals including:

A. Business development analysis to support potential new investments.

B. Analysis of cost savings initiatives including facilitating meetings with physicians and hospital leadership to organize efforts.

4. Manages the maintenance and utilization of the cost accounting module of the HPM Cost Accounting system.

A. Facilitates the quarterly preparation and distribution of clinical service profit/(loss) statements.

B. Analyzes, assesses and implements cost accounting rules utilizing appropriate methodologies to accurately capture and maintain procedural costs for Medical Center operations.

C. Educates internal and external customers on the methodologies beyond the cost accounting data and appropriate usage.

D. Directs the planning and preparation of future cost accounting analyses to aid management in financial decision making.

5. Manages and directs a staff of decision support analysts who perform budgeting, cost accounting, business analysis and reporting.

A. Performs individual performance evaluations and recommends and/or initiates disciplinary actions, as needed. Establishes clear and concise work procedures and expectations. Assesses performance levels by monitoring results and providing positive and constructive feedback.

B. Assures timely and accurate completion of work by monitoring daily work activities. Reviews weekly workload and realign priorities as needed.

C. Trains staff on new practices and otherwise promotes staff professional development.