Bayhealth is DRIVEN to improving the health of heart and vascular patients in our community and across the region. We accomplish this through our cardiac and endovascular surgery affiliation with Penn Medicine. This unique affiliation facilitates a community and academic partnership through intensive clinical and programmatic guidance, including the development of new services, implementation of evidence-based clinical care, and quality oversight.
Responsible for providing market and statistical data from department databases, assist in the development of business plans, develop and maintain a competitor database, perform demand and financial projections for new services, coordinate all COPR activities. Assist in any special assignments.
Essential Functions & Accountabilities
Responsible for providing market and statistical data from department databases.
Be proficient in the software tools available to the department and knowledgeable about outside data resources
Develop standardized market reports for leadership.
Respond to all requests for market and statistical data maintained within the department
Assist in the development of business plans for new/expanding services.
Develop market forecasts of incremental patient volume for proposed services subject to Sr. VP review
Develop financial projections to determine the feasibility of new services subject to Sr. VP review.
Coordinate and author Certificate of Public Review applications
Develop presentations and present to various groups including departmental leaders, executives, board members and governmental officials.
Assist in the implementation of new services.
Assist in the negotiation of any leases or acquisition of property
Facilitate the communication between the operational service leader and facility designers.
Address any regulatory issues by communicating with governmental authorities.
Facilitate the communication between the operational service leaders with various support departments at Bayhealth that will need to provide support to the service.
Provide financial analytical support for care transformation activities.
Work with Bayhealth Physician Alliance and other affiliated organizations to develop scorecards that incorporate quality, cost and utilization.
Develop process to obtain Medicare/Payer data to assess costs across the continuum of care including physicians, hospital and post-acute care providers.
Become knowledgeable on Medicare payment models and develop routine monitoring reports on Bayhealth’s performance..
Manipulate large data sets and summarize data into useful information for decision making.
Assist in the Development of Strategic Plans and Management Action Plans
Facilitate discussions to identify and prioritize key initiatives for organizational or departmental plans.
Draft plan documents and present plans to key stakeholders.
Assist in Governmental Relations Matters
Review legislation to assess potential impacts to Bayhealth
Develop and maintain relationships with State and Local governmental staff and elected officials.
All other duties as assigned within the scope and range of job responsibilities
Minimum Education and Experience
Minimum: Bachelor’s Degree in Business, Accounting, Finance, or related financial experience.
Preferred: Master’s Degree Healthcare Administration, Business, Accounting, or Finance.
Minimum: Three years’ experience as planning analyst, financial analyst or similar role, to include creating financial projections, reading and interpreting financial statements and market data, and an understanding of accounting and budgeting.
Five years’ experience as a planning analyst in health care.
Three years Population Health, insurance, governmental payer or related business experience.
Computer/ Software Knowledge:
Minimum: Proficient in Microsoft Word, PowerPoint and Excel.
Advanced User of Excel using complex formulas, macros, and formatting.
Proficient with Database applications and organizing large volumes of data.
Bayhealth’s mission is to strengthen the health of our community, one life at a time. As central and southern Delaware’s largest healthcare system, Bayhealth is comprised of Bayhealth Hospital, Kent Campus and Bayhealth Milford Memorial, the freestanding Emergency Department in Smyrna as well as numerous satellite facilities and employed physician practices encompassing a variety of specialties. Bayhealth is a technologically advanced not-for-profit healthcare system with more than 3,700 employees and a medical staff of more than 400 physicians. Bayhealth is an affiliate of Penn Medicine for Heart and Vascular, Cancer and Orthopaedics. In Fiscal Year 2017, Bayhealth recorded 94,223 emergency department visits, 18,760 patients admitted to beds, 2,212 births, and provided $49.5 million in unreimbursed care to patients.