Director, Financial Planning & Analysis-Financial Administration-Mount Sinai Hospital-Full Time-Days
Apply NowCompany: Mount Sinai Hospital
Location: New York, NY 10025
Description:
Job Description
The Director for Financial Planning & Analysis will work across the system ensuring stakeholder representation in financial and operational decisions. Will work with a team of business analysts and decision support team to meaningfully organize data sets and metrics to be used by Clinical and Administrative leaders, analysts and researchers throughout Mount Sinai Health System. Maintains shared and Decision Support-specific dimensions in collaboration with Planning and Performance Administrators.
Responsibilities
Promotes "systemness" in Enterprise performance management and reporting. Works with Clinical and Administrative leaders to produce business plans for new recruitments, program change or growth, and capital purchases. Develops financial forecasts including volume projections in conjunction with Clinical and Administrative leadership. Coordinates and produces analyses of business opportunities and assesses their effectiveness and consistency with strategic objectives. Informs financial decision making with all relevant information including historical data, market analysis, funds flow, regulatory requirements, space constraints, and stakeholder inputs. Direct, evaluate and present analysis to support new business development, program service expansion or consolidation. Participate in decision making on key initiatives and future planning. Ability to summarize detailed data into an actionable recommendation for audiences of varying backgrounds. Evaluates opportunities for standardization, measuring and identifying avoidable quality and cost variation. Monitors key financial indicators and performance metrics. Strong business acumen with the demonstrated analytical ability to assess department's success, identify problems, and develop creative solutions. Builds trust across the organization to drive process improvements and measures for success. Collaborates with School and Hospital leadership to implement change with input from all required stakeholders. Partners to ensure accountability and measurement of objectives and milestones. Works collaboratively with other departments regarding annual operating and capital budgets. Contributes to capital selection process to ensure purchases support operations and growth. Recommends clinic facility improvements including construction, renovation and purchase of equipment. Works collaboratively with facilities staff in analyzing space allocation and facility resources to support operations. Gathers operational insights into decisions regarding short and long term space requirements. Interprets clinic and departmental policies, objectives and operational procedures to financial analysts. Resolves problems related to data issues. Coordinates with the DTP on medical records management, storage, and facilitation of information. Collaborates with leadership of Patient Financial Services on revenue cycle initiatives and operational processes with a financial impact. Evaluate the effectiveness and support of information technology applications to support operations. Represents the department at meetings and conferences as requested. Facilitates communication and ensures proper flow of information. Coordinates, as requested, operational committees and physician advisory committees. Collects data, prepares reports, analyzes statistics, and responds to correspondence in a timely manner. Participates with the leadership of the Health System in the evaluation and negotiations of managed care contracts and operations in conjunction with senior management. Demonstrates professional behavior reflective of leadership best practices. Maintains professional affiliations and enhances professional development to keep pace with health care trends. Handles special projects assigned by the Chief of Strategic Finance. Manage data migration requirements and processes. Propose business definitions for new/undefined metrics and test business definitions established by data steward council. Prioritize requests for reporting and dashboard development. Manage data repositories used by third party data partners. Interface with IT to implement mastering and mapping once development and testing are complete. Interface with hospital leadership and key stakeholders to determine and communicate needs and requirements, and align Mount Sinai Health System's data analytics tools and resources with business initiatives, goals and strategies. Train, lead, and mentor managerial and technical staff. Maintains strict confidentiality.
Qualifications
Education Requirements
Experience Requirements
About Us
Strength through Unity and Inclusion
The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai's unparalleled legacy of achievement, education, and innovation as we work together to transform healthcare. We encourage all team members to actively participate in creating a culture that ensures fair access to opportunities, promotes inclusive practices, and supports the success of every individual.
At Mount Sinai, our leaders are committed to fostering a workplace where all employees feel valued, respected, and empowered to grow. We strive to create an environment where collaboration, fairness, and continuous learning drive positive change, improving the well-being of our staff, patients, and organization. Our leaders are expected to challenge outdated practices, promote a culture of respect, and work toward meaningful improvements that enhance patient care and workplace experiences. We are dedicated to building a supportive and welcoming environment where everyone has the opportunity to thrive and advance professionally. Explore this opportunity and be part of the next chapter in our history.
About the Mount Sinai Health System:
Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 48,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time - discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it. Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients' medical and emotional needs at the center of all treatment. The Health System includes more than 9,000 primary and specialty care physicians; 13 joint-venture outpatient surgery centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report's Best Hospitals, receiving high "Honor Roll" status, and are highly ranked: No. 1 in Geriatrics, top 5 in Cardiology/Heart Surgery, and top 20 in Diabetes/Endocrinology, Gastroenterology/GI Surgery, Neurology/Neurosurgery, Orthopedics, Pulmonology/Lung Surgery, Rehabilitation, and Urology. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 12 in Ophthalmology. U.S. News & World Report's "Best Children's Hospitals" ranks Mount Sinai Kravis Children's Hospital among the country's best in several pediatric specialties. The Icahn School of Medicine at Mount Sinai is ranked No. 11 nationwide in National Institutes of Health funding and in the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. Newsweek's "The World's Best Smart Hospitals" ranks The Mount Sinai Hospital as No. 1 in New York and in the top five globally, and Mount Sinai Morningside in the top 20 globally.
Equal Opportunity Employer
The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are deeply committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Our goal is to create a healthcare and learning institution that actively works to remove barriers, address challenges, and promote fairness in all aspects of our organization.
The Director for Financial Planning & Analysis will work across the system ensuring stakeholder representation in financial and operational decisions. Will work with a team of business analysts and decision support team to meaningfully organize data sets and metrics to be used by Clinical and Administrative leaders, analysts and researchers throughout Mount Sinai Health System. Maintains shared and Decision Support-specific dimensions in collaboration with Planning and Performance Administrators.
Responsibilities
Qualifications
Education Requirements
- Four-year university degree in relevant business, technology or healthcare concentration or equivalent experience, Masters in Healthcare preferred
Experience Requirements
- 5-10 years of Healthcare experience
- 5 years of analytics experience as it relates to Healthcare.
- Experience leading an analytics team.
- Experience in an accounting and/or Finance role
- Experience with database environments.
- Experience with Hospital based clinical and informational systems required
- Proven ability in project management and all phases of project documentation.
- Basic understanding of database architecture
- Excellent understanding of the principles of data governance and data stewardship.
- Successful work performance demonstrating an ability to communicate effectively, partner with team and other divisions, use productive work methods, exercise sound judgment and display initiative and innovation on the job.
About Us
Strength through Unity and Inclusion
The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai's unparalleled legacy of achievement, education, and innovation as we work together to transform healthcare. We encourage all team members to actively participate in creating a culture that ensures fair access to opportunities, promotes inclusive practices, and supports the success of every individual.
At Mount Sinai, our leaders are committed to fostering a workplace where all employees feel valued, respected, and empowered to grow. We strive to create an environment where collaboration, fairness, and continuous learning drive positive change, improving the well-being of our staff, patients, and organization. Our leaders are expected to challenge outdated practices, promote a culture of respect, and work toward meaningful improvements that enhance patient care and workplace experiences. We are dedicated to building a supportive and welcoming environment where everyone has the opportunity to thrive and advance professionally. Explore this opportunity and be part of the next chapter in our history.
About the Mount Sinai Health System:
Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 48,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time - discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it. Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients' medical and emotional needs at the center of all treatment. The Health System includes more than 9,000 primary and specialty care physicians; 13 joint-venture outpatient surgery centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report's Best Hospitals, receiving high "Honor Roll" status, and are highly ranked: No. 1 in Geriatrics, top 5 in Cardiology/Heart Surgery, and top 20 in Diabetes/Endocrinology, Gastroenterology/GI Surgery, Neurology/Neurosurgery, Orthopedics, Pulmonology/Lung Surgery, Rehabilitation, and Urology. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 12 in Ophthalmology. U.S. News & World Report's "Best Children's Hospitals" ranks Mount Sinai Kravis Children's Hospital among the country's best in several pediatric specialties. The Icahn School of Medicine at Mount Sinai is ranked No. 11 nationwide in National Institutes of Health funding and in the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. Newsweek's "The World's Best Smart Hospitals" ranks The Mount Sinai Hospital as No. 1 in New York and in the top five globally, and Mount Sinai Morningside in the top 20 globally.
Equal Opportunity Employer
The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are deeply committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Our goal is to create a healthcare and learning institution that actively works to remove barriers, address challenges, and promote fairness in all aspects of our organization.