Associate Director of Laboratory Finance

Discover Vanderbilt University Medical Center: Located in Nashville, Tennessee, and operating at a global crossroads of teaching, discovery, and patient care, VUMC is a community of diverse individuals who come to work each day with the simple aim of changing the world. It is a place where your expertise will be valued, your knowledge expanded, and your abilities challenged. Vanderbilt Health recognizes that diversity is essential for excellence and innovation. We are committed to an inclusive environment where everyone has the chance to thrive and where your diversity of culture, thinking, learning, and leading is sought and celebrated. It is a place where employees know they are part of something that is bigger than themselves, take exceptional pride in their work and never settle for what was good enough yesterday. Vanderbilt's mission is to advance health and wellness through preeminent programs in patient care, education, and research.

Organization:

Finance-Operations Reporting

Job Summary:

JOB SUMMARY

The Associate Director supervises, coordinates and monitors the work activity of a unit or department; develops program goals and objectives; prepares or assists in the preparation of annual operating budgets; recommends, evaluates and interprets personnel actions and policies.

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Associate Director Lab Services

To provide financial support for Vanderbilt Health's growing laboratory operations to include revenue recognition, reference lab invoicing, analysis of operating models and cost allocations.

Job Description

• Accountable for monthly financial statement close activities including revenue recognition, expense distribution, financial analysis, and reporting.

• Collaborates with reference lab team on all aspects of the business model including margin analysis, customer service and support activities.

• Works with VUMC's supply chain team on activities including supplier analysis, inventory management and capital investment decisions.

• Partners with operational teams in the development of the annual budget and quarterly forecasts.

• Supports VUMC initiatives impacting lab including proforma financial analysis, development of internal pricing models, supporting managed care rate negotiations and process improvement activities leveraging EPIC tools or other electronic health record tools.

• Acts as an internal consultant for VUMC Hospital and Clinic Finance Officers analyzing lab activity including support and publishing monthly reporting packages, as needed.

Skill set desired

• Proven track record in supporting large health system or academic medical center lab operations.

• Working knowledge of lab operations in both the hospital and clinic service venues with familiarity for the related regulatory environment of each.

• Proficient in financial reporting and accounting close-cycle processes to deliver financial results in a timely fashion with accompanying variance explanations.

• Ability to evaluate third party payor reimbursement in partnership with managed care professionals to support strategic initiatives.

• Experience working in a highly regulated environment with recognition of ongoing need to remain current in changes proposed by Centers of Medicare and Medicaid Services or other agencies with regulatory oversite and ability to evaluate changes in the regulatory environment for financial impact.

• Competent in navigating EPIC electronic health record billing system

• Experience beneficial but not required:

• Revenue cycle lab billing, both technical and professional

• Academic Medical Center

• Reference lab operations

Undergraduate degree required; Master/CPA preferred

Hybrid working environment with approximately 2-3 days a week in an office setting collaborating with lab professionals.

Our professional administrative functions include critical supporting roles in information technology and informatics, finance, administration, legal and community affairs, human resources, communications and marketing, development, facilities, and many more.

At our growing health system, we support each other and encourage excellence among all who are part of our workforce. High-achieving employees stay at Vanderbilt Health for professional growth, appreciation of benefits, and a sense of community and purpose.

Core Accountabilities:

• Organizational Impact: Establishes key tactical and operational plans of a sub-function or multiple departments that has longer-term effect on results of the sub-function. * Problem Solving/ Complexity of work: Integrate knowledge and in-depth analysis from several areas to resolve complex problems that are both technical and operational. * Breadth of Knowledge: Applies comprehensive knowledge of professional/technical area and broad management knowledge of other professional areas to carry out objectives. * Team Interaction: Leads multiple departments with a function.

Core Capabilities :

Supporting Colleagues: - Develops Self and Others: Acts upon constructive feedback from all levels of the organization and initiates strategies to develop talent in others. - Builds and Maintains Relationships: Leverages relationships and insight to forecast potential future needs and influence delivery of work to exceed expectations. - Communicates Effectively: Anticipates difference audience concerns, styles and finds mutually beneficial solutions across conflicting and sensitive issues. Delivering Excellent Services: - Serves Others with Compassion: Demonstrates in-depth knowledge of broad-based issues and considers the interests of others to improve satisfaction of services. - Solves Complex Problems: Critically evaluates complex information and identifies trends/risks to make recommendations to improve processes across areas. - Offers Meaningful Advice and Support: Provides ongoing feedback and development discussions to motivate and support team members to maximize performance.Ensuring High Quality: - Performs Excellent Work: Anticipates problems or obstacles which may interfere with quality standards and develops plants to ensure area's quality standards are met. - Ensures Continuous Improvement: Routinely draws upon valuable learning from others, past experiences, and new information to determine key opportunities. - Fulfills Safety and Regulatory Requirements: Develops appropriate corrective actions for unsafe environments in order to ensure operational and safety compliance. Managing Resources Effectively: - Demonstrates Accountability: Identifies potential obstacles to goal achievement and develops solutions to address those obstacles. - Stewards Organizational Resources: Creates the appropriate systems and processes to effectively manage resources. - Makes Data Driven Decisions: Applies in-depth knowledge of data to recommend and implement new approaches to improve decision making capabilities. Fostering Innovation: - Generates New Ideas: Identifies opportunities and leads development of new initiatives that create value across areas. - Applies Technology: Creates the energy and drive for self/others to identify and leverage technology in new, innovative ways to drive greater efficiencies. - Adapts to Change: Anticipates the change process and clearly communicates impact on others/own team(s), assisting them in embracing the change.

Position Qualifications:

Responsibilities:

Certifications:

Work Experience:

Relevant Work Experience

Experience Level:

5 years

Education:

Bachelor's

Vanderbilt Health recognizes that diversity is essential for excellence and innovation. We are committed to an inclusive environment where everyone has the chance to thrive and to the principles of equal opportunity and affirmative action. EOE/AA/Women/Minority/Vets/Disabled