Director of Financial Planning & Analysis - Cayuga Health System

Director of Financial Planning & Analysis

Cayuga Health and its affiliates are the region's leading healthcare system and most trusted providers of integrated health services, empowering our people in our mission to equitably improve the well-being of the communities we serve. Our commitment to providing extraordinary healthcare begins with our team of extraordinary professionals who are continuously discovering clinical innovations and enhancing access to the most up-to-date facilities, equipment, technologies, and research protocols. Cayuga Health's commitment to our employees includes competitive compensation, comprehensive employee benefits programs, and the opportunity to explore and build a career in healthcare through our many professional development programs. 

The Director of Financial Planning and Analysis (FP&A) plays a crucial role in developing strategy for enterprise analytics including: financial activities, strategic planning and decision support across the healthcare organization. This position offers an opportunity to drive meaningful impact through collaborations to drive financial performance, provide actionable insights, support strategic planning, process optimization, and support key business initiatives. This role must possess a deep understanding of operational and financial principles to engage stakeholders and develop buy in.

This position involves comprehensive responsibilities, including systemwide analytics, budgeting and forecasting, proforma development, revenue and expense analysis, scenario and sensitivity analysis, service line planning, market share analysis, and revenue cycle analysis to support process improvement initiatives. This role must possess strong communication and analytical skills to support strategic decision-making.

Roles and Responsibilities:

• Process Improvement: Utilize data and enterprise analytics programs and platforms to collaborate with cross-functional teams to implement best practices and drive continuous improvement in operating margin.
• Budgeting & Forecasting:
  • Develop and manage the budgeting process for the healthcare organization, collaborating with department heads and executives to establish financial targets based on industry benchmarks and best practices.
  • Monitor budget performance regularly, identifying variances and providing insights to stakeholders.
  • Lead the forecasting process to provide accurate financial projections for short-term and long-term planning.
• Proforma Development:
  • Create financial models and proformas to evaluate the financial viability of potential investments, acquisitions, or divestitures.
  • Conduct thorough analysis to assess risks, opportunities, and potential returns associated with strategic initiatives.
• Revenue and Expense Analysis:
  • Analyze revenue streams, denial data, and cost structures to identify trends, patterns, and areas for improvement.
  • Provide insights into revenue enhancement opportunities and cost-saving measures to optimize financial performance.
• Statistical Analysis for Strategic Planning:
  • Utilize statistical methods and data analysis techniques to support strategic planning initiatives, such as market expansion or service line development.
  • Interpret data to inform decision-making processes and drive organizational growth strategies.
  • Utilize data to assist with provider and professional service agreement compensation modeling.
• Service Line Planning:
  • Collaborate with operational teams to develop financial plans and performance metrics for individual service lines.
  • Assess the financial impact of service line expansions, enhancements, or restructuring efforts.
• Market Share Analysis:
  • Utilize information systems to conduct market research and analysis to understand competitive positioning and market dynamics.
  • Evaluate market share data and trends to develop strategies for targeted market growth opportunities, divestiture, penetration and overall competitiveness.
• Team Leadership and Development:
  • Manage and mentor a team of FP&A professionals, fostering a culture of collaboration, growth, and accountability.
  • Set clear objectives, conduct performance evaluations, and provide ongoing coaching and development opportunities.
  • Ensure the team's adherence to best practices in financial modeling, analysis methodologies, and reporting standards.
• Cross-functional Collaboration:
  • Collaborate closely with finance leadership, operational leaders, and other stakeholders to align financial strategies with business objectives.
  • Serve as a strategic partner to department heads, providing financial guidance and support for strategic initiatives and business decisions.
  • Facilitate communication and transparency between finance and other departments, ensuring alignment on financial goals and priorities.

Required Skills and Experience:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Extensive experience (5+ years) and demonstrated proficiency in Microsoft Power BI, Tableau, or other enterprise analytics solutions; proficiency in SQL, python, and/or other coding languages.
• Extensive experience (5+ years) in financial analysis, planning, and budgeting within the healthcare industry.
• Strong proficiency in financial modeling, forecasting techniques, and statistical analysis tools.
• In-depth knowledge of healthcare finance principles, including reimbursement methodologies, regulatory requirements, and industry trends.
• Excellent communication skills, with the ability to present complex financial information to non-financial stakeholders.
• Proven leadership skills with the ability to manage and develop a team of financial analysts.
• Strategic mindset with the ability to think critically, problem-solve, and drive business performance improvements.
• Advanced proficiency in Microsoft Excel, financial software applications, and database management systems.

Preferred Skills and Experience:

• MBA or advanced degree preferred

Physical Requirements:

• In writing an ADA compliant job description, please work with your HRBP or TA Partner to complete a physical demands analysis using the associated ADA Compliant language guide and considering:
  • Purpose and Essential Functions
  • Physical / Sensory / Cognitive Needs
  • Critical Weights and Measures
  • Environment Exposures
  • Physical Expectations of the Role
  • Time Allocation / Frequency of Tasks

Location and Travel Requirements:

• Remote - Does require traveling to Ithaca one time a quarter.
• When onsite, may be at the hospital or Warren Road

Pay Range Disclosure:

• $200,000 - $235,000 per year

Cayuga Health System and its affiliates are committed to treating all patients, providers, staff and volunteers equitably and with dignity, ensuring the highest levels of safety, care and respect, and striving to recognize and overcome biases and policies that contribute to disparities in healthcare access, equitable care and positive health outcomes for all.

We are proud to be an Equal Employment Opportunity employer, supporting the growth and health of our employees and community by embracing the rich diversity, needs and circumstances of all peoples and prioritizing opportunities to build a diverse and inclusive workplace. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable protected characteristics.

If you require reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact the Cayuga Health Talent Acquisition team at talentacquisition@cayugahealth.org.

I certify that the information contained in this application is correct and complete to the best of my knowledge. I understand that any falsification or omission of information may disqualify me from further consideration for employment or, if hired, may result in termination. In consideration for my employment, I agree to abide by the rules and regulations of the company, which rules may be changed, withdrawn, added, or interpreted at any time, at the company's sole option and without prior notice to me.

I understand that any hiring decision is contingent upon my successful completion of all of the Company's lawful pre-employment/post-offer checks, which may include a background check, drug screen, employment references, and licensing review. If I am made a conditional offer of employment, I agree to execute any consent forms necessary for the Company to conduct its lawful pre-employment/post-offer checks. Such checks will not be conducted until allowed under applicable federal, state, and local law. I understand if I have a criminal background, it will not automatically disqualify me from employment unless otherwise required by law. I agree to execute any consent forms necessary for the Company to conduct its lawful pre-employment checks.

I also understand that the Company is a drug and alcohol-free workplace and has a drug and alcohol testing program consistent with applicable federal, state, and local law. I understand that after a conditional offer of employment, I must submit to and pass a pre-employment drug test as a condition of employment.