Business Manager - Molecular Cardiovascular Biology

Cincinnati Children's Hospital Medical Center • Cincinnati, OH 45201

Posted 2 weeks ago

Job Description

PURPOSE OF POSITION: Business Manager will provide administrative leadership for the business and operations functions of the specified division(s) within a department. Position is accountable for financial and revenue management, business operations, human resources management, information management and quality management in partnership with and support of the Business Director/Clinical Director.


* Financial Management

In collaboration with Director, develop, implement and evaluate the division's annual and capital budget to achieve the organizational and divisional objectives; monitor internal controls for cash management; maintain and monitor financial controls; ensure accounts receivable management; analyze and monitor financial performance and assist in the reporting of financial results; evaluate variances, determine underlying causes and identify, present, and implement proposed solutions; establish and monitor productivity metrics; accountable for compliance with organizational financial policies and procedures

* Revenue Management

Provide support for revenue cycle management, including: optimizing revenue, ensuring complete and accurate physician and/or hospital billing and compliant coding, monitoring associated charge capture, competitive pricing, developing/expanding programs; effective denial management; and monthly revenue reporting.

* Business Operations - Clinical

Manage work flow to ensure timely and high quality task completion and effective distribution of work across support staff. Administer payroll, human resource procedures, office procedures and related work flow. Manage projects related to office programs or processes. Monitor business processes to ensure effective and efficient operations; monitor efficient patient flow patterns to maximize clinical and staff efficiency; develop and implement policies and procedures for improved utilization and operations; identify opportunities for improving cost and quality of care and develop and offer recommendations for improvement; resolve issues directly, or in consultation with Director concerning staffing, utilization of facilities, equipment and funds; develop and interpret policies and procedures for faculty and staff; and ensure that all policies are in conformance with Medical Center guidelines

* Business Operations-Research

Manage and provide support for activities associated with external funded projects, including but not limited to executing Divisional operating procedures for timely and compliant submissions of grant proposals; work with Sponsored Programs and other institutional regulatory offices to interpret and ensure compliance with NIH and other external sponsor guidelines for the application and management of awards; support development and execution of operational procedures to monitor and disseminate revenue and expense information with PIs to ensure appropriate expenditures; based on monthly and quarterly reports of expenditures, identify and correct errors, project future expenditures and prospectively manage all required changes; understand and manage to all sponsor requirements relating to carry forwards; work with Sponsored Programs offices and collaborating institutions to ensure timely execution of subawards, invoicing, and receipt of all deliverables to include progress and financial reports; and coordinate space utilization related to current and planned research projects.

* Human Resources

Participate in the development and monitoring of an effective staffing and retention strategy, including hiring and terminating employees, partner with the Director to ensure effective performance management of direct reports; establish and maintain procedures for orientation of new employees; mentor and provide learning and development opportunities for direct reports; collaborate with human resources business partners to meet the division's talent management goals; support organizational programs/plans that impact employees and ensure communication, comprehension, and adherence to all Human Resources policies and related legal and/or compliance requirements.

* Academic/Faculty

Provide support for the management of administrative academic/faculty affairs, including partnering with CCRF to establish and maintain faculty records; monitor of faculty data (e.g. new hires, promotions, reappointments, leaves, sabbaticals and employment status changes); maintain human resources (staff) and educational records according to defined national standards to maintain program accreditation; provide support for the faculty appointment process in collaboration with the Director and the University of Cincinnati; work with the University of Cincinnati; define budget allocations and maintain program expenses related to faculty development and start up funds; define budget allocations and maintain program expense related to the fellowship program; support physician and faculty leaders in meeting compliance requirements including NIH, accounting/finance, human resources, etc. compliance requirements.

* Strategic Plan Support

Propose, research, and manage the development, implementation and assessment of long and short term operating goals and objectives annually; and as directed, operationalize, implement and monitor the unit's assigned strategic initiatives.

Skills & Competencies

* Accounting - Intermediate

Knowledge of accounting principles and mathematics

* Prioritization

Using time efficiently and productively; prioritizing multiple tasks properly to meet deadlines; recognizing time constraints and adjusting work schedule to address them.

* Regulatory Standards

Knowledge of related regulatory requirements and standards

* Management

Demonstrated leadership and management skills

* Analysis - Basic

Analytical ability sufficient to evaluate data, make judgments and recommendations

* Financial

Proven financial analysis and reporting skills


* BS/BA in Healthcare Administration, Business Administration, Accounting or related field AND Two years of health care experience including financial, grant or operational work OR

* Master's degree in Healthcare Administration, Business Administration, Accounting OR related field AND 1 year of experience in healthcare management experience in healthcare administration OR Administrative residency in healthcare


* Experience in healthcare management


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