Business Manager - Neurosciences Service Line (52673)

Stanford Health Care

Palo Alto,CA  

2020-01-19 2020-02-18
manager administration hospital

For over 160 years, Stanford Health Care has been advancing medicine together as fearless leaders and unstoppable patient advocates. Consistently ranked among the nation’s best hospitals, we are a team of pioneers, bringing groundbreaking medical research and patient care to the communities we serve every day.

We’re Stanford Health Care, home to health care professionals making the impossible a reality every day. We’re pushing the boundaries of what medicine can do, and that takes people who can lead fearlessly, challenge the expected, and inspire healing in everything they do. Your courage, your compassion, and your relentless pursuit of excellence are welcome here. We invite you to explore our current opportunities and discover the rewarding next step in your career.

**Business Manager - Neurosciences Service Line (52673)**

+ Job Type:Full Time

+ FTE/Bi-Weekly Hours:1.0/80

+ Shift:Days

+ Hours in Shift:8

+ Location:Palo Alto, CA

+ Req:52673

**Job Description**

Job Summary

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.

Job Duties

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


PO reconcilliation and AR/AP audit and implementation. Very high-volumed department.

Ability to interact at all levels of the organization, with confidence, not intimidate speaking in front of senior leadership, managers and peers.

Establishes an audit process, to track charge masgter and revenue management within the department.

Installs practices that provide an smooth process for month financial AR/AP management.

Works well with SHC's vendors and insure timely payment processing and issue resolution. Monitofors and ensurse proper accounting service line. expenditures.Prepares and may also present month financial, clinical and benchmarking reports.

Oversees expenditures and conduct forecasting and assess spending trends to ensure appropriate use of hospital funds.

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.

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Minimum Qualifications


· Bachelor's dgree in a work-related field/discipline from an accredited college or university.


· Five years of progressively responsible and directly related work experience.

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 budgetsAbility to identify the need for and to pursue interdepartmental process improvement to maximize financial outcomesAbility to develop, write, analyze and present business plans, proposals, contracts and financial analysis report

Ability to use sophisticated conceptual, numerical, analytical and statistical skills to solve complex, unique financial problems

Provide leadership and influence others

Ability to foster effective working relationships and build consensu

Mediate and resolve complex problems and issues

Ability to develop long-range business plans and strategy

SHC does not discriminate on the basis of Ancestry, Age, Color, Disability, Genetic information, Gender, gender identity, or gender expression, Marital status, Medical condition, Military or veteran status, National origin, Race, Religion, Sex, and Sexual orientation.
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