Original listing text, shown exactly as published by the company.
Major Responsibilities
- Provide strategic leadership for Enterprise-wide laboratory financial operations, including financial reporting and analysis, budgeting, forecasting, costing, profitability assessments, capital planning, compliance and internal controls
- Develop and implement standardized financial processes for Enterprise lab that improve efficiency, scalability, and consistency
- Assess and identify lab billing and revenue optimization opportunities to further strengthen long-term financial sustainability
- Partner with executive and operational leaders to align financial plans with organizational objectives and growth plans
- Collaborate and integrate with teams across Enterprise including Financial Operations, Accounting, Decision Support, Labor Management, Legal, Compliance, Revenue Cycle, IT, and Managed Care ensuring organizational alignment
- Provide financial support to Laboratory Business Development and Client Support teams including Lab Outreach Client pricing, profitability assessments, and fee schedule updates supporting client retention and Sales Team growth plans
- Oversee the preparation of financial records and provide support for regulatory and tax filings.
- Develop and maintain financial planning tools and financial models that support informed decision-making
- Perform human resources responsibilities for staff which include interviewing and selection of new employees, promotions, staff development, performance evaluations, compensation changes, resolution of employee concerns, corrective actions, terminations, and overall employee engagement
- Responsible for understanding and adhering to the organization's Code of Ethical Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations and laws applicable to the organization's business.
Licensure, Registration, and/or Certification Required
Education Required
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field required
- Master's degree (MBA, MHA, or related discipline) strongly preferred
Experience Required
- Typically requires 15 years of experience in finance or accounting. Includes 10 years of management experience in financial operations management.
- Clinical laboratory experience is strongly preferred
- Healthcare experience highly preferred
Knowledge, Skills & Abilities Required
- Comprehensive understanding of healthcare financial structures, revenue streams, forecasting methodologies, and cost management strategies
- Proven track record of driving financial performance, operational improvement, and revenue optimization initiatives
- Experience leading within complex healthcare systems or multi-entity organizations strongly preferred
- Proficiency with healthcare financial systems, decision support tools, revenue cycle platforms, and analytics technologies
- Strategic thinker with strong operational execution capabilities
- Exceptional communication, relationship-building, and executive presentation skills
- Ability to influence and collaborate effectively across all levels of leadership
- Strong business acumen with a data-driven decision-making approach
- High level of integrity, accountability, and professional presence
- Forward-thinking leader with the ability to anticipate industry trends and organizational needs
Physical Requirements and Working Conditions
- Operates all equipment necessary to perform the job.
- Exposed to a normal office environment.
- This position requires travel so the incumbent will be exposed to weather and road conditions.
This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.
- Responsible for understanding and adhering to the organization's Code of Ethical Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations and laws applicable to the organization's business.
Our Commitment to You
Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:
Compensation
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Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
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Premium pay such as shift, on call, and more based on a teammate's job
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Incentive pay for select positions
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Opportunity for annual increases based on performance
