Asst Dean Finance/Planning TTP

Position Description

Reporting through the Executive Associate Dean and Executive Director responsible for the Texas Tech Physicians (TTP) Medical Practice Income Plan (MPIP), this position is responsible and accountable for all clinical financial operations; strategic financial planning and budgeting; financial policies, procedures, applicable regulatory compliance, and internal controls in accordance with the School of Medicine and overall Texas Tech University Health Sciences Center (TTUHSC) policies and procedures as directed by the TTUHSC Executive Vice President of Finance and Administration.

Major/Essential Functions

Essential Duties and Responsibilities include the following. Other duties may be assigned consistent with the overall function of the Texas Tech Physicians and TTUHSC School of Medicine executive and management teams.

Through direct supervision of the MPIP Business Office and Managed Care Contracting, ensure practice management efforts align with organizational goals and objectives and provide oversight and strategic direction in negotiating managed care contracts with commercial payors and affiliated entities.

Assures timely and consistent business closings, including billing, A/P, payroll, bad debt, accruals, etc.

Prepares and maintains accurate physician practice industry-standard format: financial statements, production, and other activity reports on a monthly and, as needed, ad hoc basis. Prepares for Executive Associate Dean and various committees' monthly reports, including variance reporting and financial performance compared to budget, forecast, and prior year.

May serve as a representative of the Texas Tech Physicians in communicating key financial deliverables to internal and external stakeholders.

Develops and leads the budgeting process in concert with the direction of the Executive Associate Dean for the TTUHSC School of Medicine's policies, procedures, and timetable.

Provides support and education necessary to ensure accurate business plans, financial projections, etc., for current operations and new business, expansion, new locations, new service lines, etc.
Secures meaningful benchmark for financial, compensation, labor, code utilization, etc. planning, and comparison - also prepares survey input to benchmark vendors as needed.

Assures industry standards for business, financial, and production reporting, budgeting, internal controls, and payer contracting.

Develops, documents, and implements financial and internal control policies, procedures, and processes related to the Texas Tech Physicians, consistent with those of the TTUHSC.

Works collaboratively with physician and executive leadership, operating directors and managers, TTUHSC staff, vendors, and other stakeholders.

Assists in the development, negotiation, execution, and monitoring of vendor contracts.

Attends monthly and ad hoc meetings as requested.

Assures open communications with the TTUHSC, physicians, management, and staff to ensure efficiency, high morale, and a professional organizational atmosphere.

Required Qualifications

Bachelor's degree with at least five years of financial leadership experience in an academic multispecialty group practice.

Preferred Qualifications

Bachelor's degree in business, finance, or accounting.

Pay Statement

Compensation is commensurate upon the qualifications of the individual selected and budgetary guidelines of the hiring department, as well as the institutional pay plan. For additional information, please reference the institutional pay plan website .

EEO Statement

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, disability, genetic information or status as a protected veteran.

Jeanne Clery Act

The Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act is a federal statute requiring colleges and universities participating in federal financial aid programs to maintain and disclose campus crime statistics and security information. By October 1 of each year, institutions must publish and distribute their Annual Campus Security Policy & Crime Statistics Report (ASR) to current and prospective students and employees. To view this report, visit the TTUHSC Clery Act website .