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Day - 08 Hour (United States of America)
The TDS IT Business Manager, Network of Care is responsible for managing the relationship between Technology and Digital Solutions (TDS) and Operational / Strategic partners with Stanford Medicine Partners (SMP) Operations Management team for all their IT needs as well as with Hospital and Clinical Activation team for all new activations across the enterprise (SHC, SMP and Tri-Valley).
The position combines project management responsibilities with executive-level interactions to drive successful, value-focused partnerships and deliverables. The role entails managing multiple partnerships and projects concurrently, building fiscal year and multi-year roadmaps, cross-functional plans, budgeting, coordinating resources, managing issues, and facilitating hand-offs to TDS project and application teams for implementation. The role is also strategic in nature, helping to foster strong, innovative, and transformative partnerships that aim to further Stanford Medicine's mission.
In addition, this role will help drive process improvement that promotes a learning IT organization by helping the organization identify, solve, and learn from problems.
• Provides leadership for assigned functional and cross-functional effort across the enterprise.
• Partners with Operations Manager(s) to identify and develop the leadership needs and internal capacity of the department and facilitates strategic changes in project scope or assignment across the team.
• Manages program design and structure to align with organizations’ key initiatives and projects within the assigned group, develops strategic input for the Director regarding business objectives of clients for both current and future projects.
• Defines project scope, goals and deliverables that support business goals in collaboration with the management and other stakeholders.
• Identifies high level business and information system requirements and recommends business process redesign to customers where applicable.
This is a Stanford Health Care job.
A Brief Overview
The Business Manager manages the day-to-day financial and business operational activities of the department. Responsibilities include budgeting, forecasting, accounting, long-range planning, pricing, negotiation of contracts, productivity analysis and revenue management.
Locations
Stanford Health Care
What you will do
Plans, develops, and implements annual operating and capital budgets for the service line. Monitors all expenditures to ensure adherence and compliance with budget, projected spending trends, controls expenditures and ensures cost effective operations within the department; completes variance reports and suggests/implements corrective action to resolve budget variances.
Develops and implements strategies to maximize revenue for the service line while maintaining regulatory compliance. Assists in the identification and implementation of cost reduction activities for the service line; assesses continuously the financial viability of existing programs and practice patterns, and develop methods to optimize practices and resources.
Performs historical data analysis of past and current years for budget preparation and funding request justification.
Works closely with Finance on long range financial planning (LRFP) and benchmarking for the department and helps interprets LRFP into a plan of action. Monitors key financial indicators to proactively address financial matters and assist with strategic planning.
Establishes structures to monitor variances and track financial trends including revenue and labor expenses; provides ad hoc reporting for business questions that arise regarding volume, cost, performance and profitability of the department.
Analyzes financial implications and impacts of proposed and existing programs. Recommends improvements in systems and processes that enhance efficiency and reduce costs within the department and throughout the organization.
Analyzes, prepares and makes recommendations on business plans for new services and programs aimed at promoting and expanding the department activities. Works closely with Director for the development and implementation of strategic initiatives focused on identifying and pursuing opportunities to improve the profitability and market share of the department.
Supervises development of comprehensive business plans and program initiatives to support department goals including financial impact and feasibility. Assists in translation of business plans into operational reality.
Evaluates feasibility of equipment purchase and reviews contracts for purchase of equipment to ensure consistency with Department expectations regarding financial benefit and other budgetary issues; recommends and participates in selecting outside sources for needed services; negotiates with vendors regarding contracts for equipment maintenance and repair.
Works closely with Finance to ensure operational elements of revenue management including tracking, collecting and recovering revenue; ensures that financial controls are in place to minimize possibility of revenue loss
Sets up audit mechanisms to track charge master and revenue management within department.
Monitors and ensures proper accounting of service line expenditures.
Prepares monthly financial, clinical, benchmarking reports for internal and external purposes.
Oversees expenditures to ensure appropriate use of hospital funds; oversees the favorable negotiation and implementation of contracts with outside parties for products and services
Perform other duties as assigned
Education Qualifications
Bachelor’s degree in a work-related field/discipline from an accredited college or university.Experience Qualifications
Five years of progressively responsible and directly related work experience.Required Knowledge, Skills and Abilities
Knowledge of financial systems, including operations, budgeting and analysis, statistics, and forecasting and modeling
Knowledge of principles and practices of organization, administration, fiscal and personnel management
Knowledge of financial and operational management information systems
Knowledge of local, state and federal regulatory requirement related to the functional area
Ability to develop and administer departmental budgets
Ability to identify the need for and to pursue interdepartmental process improvement to maximize financial outcomes
Ability to develop, write, analyze and present business plans, proposals, contracts and financial analysis reports
Ability to use sophisticated conceptual, numerical, analytical and statistical skills to solve complex, unique financial problems
Ability to provide leadership and influence others
Ability to foster effective working relationships and build consensus
Ability to mediate and resolve complex problems and issues
Ability to develop long-range business plans and strategy
Skills: Strong decision making, problem solving, project management, analytical, interpersonal, negotiation, and collaboration skills
These principles apply to ALL employees:
SHC Commitment to Providing an Exceptional Patient & Family Experience
Stanford Health Care sets a high standard for delivering value and an exceptional experience for our patients and families. Candidates for employment and existing employees must adopt and execute C-I-CARE standards for all of patients, families and towards each other. C-I-CARE is the foundation of Stanford’s patient-experience and represents a framework for patient-centered interactions. Simply put, we do what it takes to enable and empower patients and families to focus on health, healing and recovery.
You will do this by executing against our three experience pillars, from the patient and family’s perspective:
Know Me: Anticipate my needs and status to deliver effective care
Show Me the Way: Guide and prompt my actions to arrive at better outcomes and better health
Coordinate for Me: Own the complexity of my care through coordination
Equal Opportunity Employer Stanford Health Care (SHC) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SHC does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity and/or expression, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.
Base Pay Scale: Generally starting at $59.14 - $78.37 per hour
The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to, internal equity, experience, education, specialty and training. This pay scale is not a promise of a particular wage.
At Stanford Health Care, we seek to provide patients with the very best in diagnosis and treatment, with outstanding quality, compassion and coordination. With an unmatched track record of scientific discovery, technological innovation and translational medicine, Stanford Medicine physicians are pioneering leading edge therapies today that will change the way health care is delivered tomorrow.
As part of our spirit of discovery, we also leverage our deep relationships with luminary Silicon Valley companies to develop new ways to deliver preeminent patient care.
Learn about our awards (https://stanfordhealthcare.org/about-us/awards.html) and significant events (https://stanfordhealthcare.org/about-us/our-history.html) .