The Vice President, Clinical Department Finance (VP), provides financial management, budgeting, analysis and support enabling VUMCâs Clinical Departments and Centers and Institutes to achieve operational, financial, and strategic goals and initiatives. Currently, VUMC has six operational divisions including five Clinical Enterprise Divisions: Vanderbilt University Hospital, Monroe Carell Junior Childrenâs Hospital at Vanderbilt, Vanderbilt Psychiatric Hospital, Vanderbilt Health Services and the Clinical Professional Practice and one Academic Enterprise Division. The Clinical Professional Practice for VUMCâs faculty physicians is organized for credentialing purposes as the Vanderbilt Medical Group (VMG). VUMCâs clinical professional practice and academic department administration is structured through Clinical Departments led by Clinical Department Chairs and supported by their associated Business Officers who bear primary responsibility for business management of these Departments. The VP will be responsible for coordinating with Clinical Department Chairs and their Business Officers to provide support for finance activities including financial budgeting and analysis and all aspects of daily fiscal management in conjunction with VUMC corporate finance functions (Financial Accounting and Reporting, Grant and Contract Accounting, Financial Planning and Analysis, Reimbursement, Revenue Cycle, Supply Chain, etc.) as an extension of the VUMC finance team. The VP will work with senior department leadership and senior VUMC leadership, routinely. A highly visible position within the organization, the VP serves as a key Finance support function for the Office of the Chief Operating Officer and works in close coordination with the Office of the Deputy Chief Executive Officer for the Health System.
Career track of progressive, documented accomplishments in increasingly complex financial management roles in a large, complex academic medical center faculty practice or school of medicine. Ideal professional record demonstrates the capacity to establish leadership of a service-oriented function within a multi-faceted healthcare enterprise, preferably with deep experience in clinical academic department financial management.
Skill to proactively advise and educate management on all aspects which financially impact clinical professional practice and academic finance operations. Demonstrated record of serving as an advisor to leadership on policies and financial operations. Leadership acumen to serve as a key member of the finance leadership team. The position will communicate with individuals within VUMC Finance and, as such, must be skilled in working in a team-oriented environment.
Management expertise to coordinate the financial operations of the clinical departments including financial budgeting and operational financial analysis. Ability to communicate financial information and collaborate with management regarding the business strategy for the clinical departments.
Capacity to support and assist with practice capacity and manpower planning and physician compensation planning and analysis, as needed and required by Clinical Department leadership.
Demonstrated leadership skills in the development, interpretation, coordination and communication of finance policies regarding financial reporting, budgeting, internal controls, compliance, and professional revenue capture.
Leadership skill to facilitate business prioritization and resource allocation in conjunction with VUMC Finance. Ability to ensure the clinical departments comply with institutional closing calendar, budget guidelines, planning deadlines and reporting requirements.
Possesses excellent written, oral and electronic communications skills along with strong leadership and financial planning skills.
Financial analysis skills and extensive experience with a broad array of analysis strategies.
Proven record for developing organizational talent, with ability to recruit, retain and develop high performing individuals aligned with the institutionâs goals and values. Provides continuous feedback, encouragement and coaching to employees.
Skill to prepare reports for management outlining the each Clinical Departmentâs financial position based on past, present, and future operations, including variance analysis of actual to budget performance.
Ability to analyze and interpret data and develop clear and informative methods to present financial information, special projects and focused studies to executives. Skill to present recommendations to leadership with respect to expense, labor management, etc. to support operational results, including benchmarking versus both internal and external data
Experience in analyzing results and opportunities in alignment with organizational strategy. Ability to work collaboratively with Business Officers, Clinical Department Chairs and Hospital leadership through establishment of performance goals, allocation of resources assessment outcomes, and support operational leadership.
Bachelorâs degree in Accounting, Business or a related field. Masterâs degree in Business, Finance or Health Administration preferred. CPA, CFA or CMA license or the equivalent preferred. 8 years of prior health care finance management and leadership experience required. Preferable experience includes working with executive leadership in supporting financial operations in either an academic medical center, faculty practice, or large group practice environment.
A self-starter who is intellectually curious, innovative, and excited about "creating" in a fast-paced environment.
Superior communication skills; expert at translating and communicating complex financial and operational information to varying audiences.
Ability to work in a highly-matrixed environment, and to receive direction from and build consensus with multiple sources.
Strong emotional intelligence. A balance of wisdom and judgment with an ability to work independently with little direction.
Demonstrated skill in navigating successfully through ambiguity and frequent change â agile and flexible as a leader, peer, coach and team member.
Demonstrated commitment to diversity, bringing mutual respect for diverse cultures and inclusivity, a record of accomplishments in an environment with a rich mix of diversity.
Strategic and future-oriented, with a tangible, demonstrated, robust commitment to the mission and growth strategies of VUMC.
Understands and drives strives for excellence.
The instinct to be politically astute, yet not political.
Effective, creative and a problem-solver. Proven experience in making sound judgments in a complex environment. Possess the ability to analyze existing paradigms and create streamlined processes.
Outstanding leadership skills (written and oral); the ability to inspire and inform.
A person who earns the trust of others through genuine engagement and demonstrated actions.
A change agent with transformational management skills to lead within an evolving institutional environment.
Leadership acumen and persona to serve as an effective sounding board to executives, possessing high leadership courage and willingness to speak with candor in an environment of trust and respect.
Able to facilitate multiple competing priorities and divergent viewpoints, with attention to detail. Excellent follow through skills with record of responding to constituents in a timely way.
Vanderbilt University Medical Center is a comprehensive health care facility dedicated to patient care, research, and biomedical education. Our reputation for excellence in these areas has made us a major center for patient referrals from throughout the Mid-South. Each year, people throughout Tennessee and the Southeast choose Vanderbilt University Medical Center for their health care because of o...ur leadership in medical science and our dedication to treating patients with dignity and compassion.The mission of Vanderbilt University Medical Center is to advance health and wellness through preeminent programs in patient care, education, and research.