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Pay Range: $175,000.00 - $275,000.00 per year
Pay Transparency: The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.
The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.
Preferred Education:
Masters
Internal Number: 0000223735
Job Title: Vice President
Location: Monmouth Medical Center
Department Name: Finance - MMC
Req #: 0000223735
Status: Salaried
Shift: Day
Pay Range: $175,000.00 - $275,000.00 per year
Pay Transparency: The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.
The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.
Vice President, Finance – Monmouth Medical Center and Monmouth Medical Center Southern Campus
Job Overview:
The Vice President of Finance at Monmouth Medical Center and Monmouth Medical Center Southern Campus oversees all financial operations, including budgeting, forecasting, reporting, and strategy, ensuring financial health and compliance for the hospitals, working closely with executive leadership to drive performance, manage costs, optimize revenue cycles, and support strategic growth initiatives. The VP will have oversight of the Patient Accounts, Finance, Patient Access Management, Budgets & Reimbursement, Special Financial Projects and Medical Records Departments. This person directs the hospital activities concerned with general business operations, accounting, statistical reporting and third party reimbursement.
Reports To:
The Vice President of Finance at Monmouth Medical Center and Monmouth Medical Center Southern Campus reports directly to the SVP, Southern Region CFO, with a matrixed reporting relationship to the President and CEO, Monmouth Medical Center and Monmouth Medical Center Southern Campus.
Qualifications:
Bachelor’s Degree with major in Accounting, Economics or other related field required.
MBA or Fellow of the Healthcare Financial Management Association desirable, but not required.
Eight+ years accounting, office management and accounts receivable experience required, of which three to five years should be in a managerial position.
Two to three years of directly related experience in the healthcare financial services, including accounts receivable, field is strongly preferred.
Certified Public Accountant is desired or ten - twelveyears financial management experience, but not required.
Essential Functions:
Strategic Planning & Budgeting: Collaborating on strategic direction, mission advancement, and managing hospital operating and capital budgets.
Financial Planning & Analysis: Developing and managing financial forecasts, providing comprehensive variance analysis and recommendations, and working with department managers to develop robust five-year business plans and establish effective short- and long-range goals.
Financial Reporting: Ensuring accurate, timely reporting for internal use, regulators, and government agencies (including monthly closes).
Margin & Revenue Cycle: Identifying medical cost trends, leading financial improvements and proactively managing revenue cycle metrics, charge capture, and billing performance.
Education: Providing financial education and expertise to clinical and operational leadership.
Regulatory Compliance: Routinely reviewing state and federal regulations to ensure all financial and operational practices remain compliant.
Team Leadership: Mentor and manage the site finance team, fostering a high-performance culture.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Benefits and Perks:
At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees’ physical, emotional, financial, personal, career, and community wellbeing. These benefits and resources include, but are not limited to:
Paid Time Off including Vacation, Holidays, and Sick Time
Retirement Plans
Medical and Prescription Drug Insurance
Dental and Vision Insurance
Disability and Life Insurance
Paid Parental Leave
Tuition Reimbursement
Student Loan Planning Support
Flexible Spending Accounts
Wellness Programs
Voluntary Benefits (e.g., Pet Insurance)
Community and Volunteer Opportunities
Discounts Through our Partners such as NJ Devils, NJ PAC, and Verizon
….and more!
Choosing RWJBarnabas Health!
RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.
RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey—whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.
RWJBarnabas Health (RWJBH) is the largest, most comprehensive academic health care system in N.J., with a service area covering eight counties with five million people. Our health system includes 12 acute care hospitals (Clara Maass Medical Center; Community Medical Center; Cooperman Barnabas Medical Center; Jersey City Medical Center; Monmouth Medical Center; Monmouth Medical Center Southern Campus; Newark Beth Israel Medical Center; Robert Wood Johnson University Hospital; Robert Wood Johnson University Hospital Somerset; Robert Wood Johnson University Hospital Hamilton; Robert Wood Johnson University Hospital Rahway; and Trinitas Regional Medical Center); three acute care children’s hospitals; Children’s Specialized Hospital, with a network of outpatient pediatric rehabilitation centers; a free-standing,100-bed behavioral health center; two trauma centers; a satellite emergency department; ambulatory care centers; geriatric centers, the state’s largest behavioral health network; comprehensive home care and hospice programs; fitness and wellness centers; retail pharmacy services; affiliated medical groups; multi-site imaging centers; and two accountable care organizations.
RWJ...Barnabas Health is among New Jersey’s largest private employers – with more than 38,000 employees and 9,000 physicians– and routinely captures national awards for outstanding quality and safety.
RWJBarnabas Health launched an affiliation with Rutgers University to create N.J.'s largest academic health care system. The collaboration aligns RWJBH with Rutgers' education, research and clinical activities, including those at the Rutgers Cancer Institute of New Jersey - the state's only NCI-designated Comprehensive Cancer Center - and Rutgers University Behavioral Health Care.