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General Summary of Position
Provides central oversight and expertise related to business development activities across the health system, working closely with the Assistant Vice President Budget, Financial Forecasting and Capital and Vice President, Operational Finance, Planning & Analysis. Collaborates with business development resources across the system to provide pipeline reporting and standardized reporting and evaluation metrics. Leads due diligence activities for major opportunities to include: input, development, and review of pro forma projections; review of documents; project management and other due diligence activities. Participates in committees planning future System acquisitions and due diligence.
Oversees the detailed quantitative analysis associated with capital and operational investments throughout the System. Develops, employs and assesses uniform capital investment criteria and through a formal review process to evaluate major investment decisions. Reviews investment opportunities individually for projected financial performance, strategic importance and relevance to the mission and strategies of MedStar Health as part of the annual operating and capital budget and capital management process. Measures subsequent project performance to assure the ongoing financial strength of the organization and validate expected results. The types of investments that may require analysis are inclusive of the following: facilities and equipment (including IT), property, business acquisitions and partnerships, network development, system initiatives, divestitures, and physician recruitment/arrangements. Works collaboratively with the AVP-Budget, Financial Forecasting and Capital Management, centralized operational leaders, specific entity operations and finance teams.
Primary Duties and Responsibilities
Develops and/or updates systemwide business development standard system templates used for business acquisition and pro forma projections including oversight of financial modeling assumptions. Identifies business development opportunities in collaboration with key leaders and through evaluation of industry trends and internal performance. Collaborates with key leaders across the system to compile pipeline reporting of business development and growth opportunities.In collaboration with the AVP, maintains a consistent and uniformed approach to investment review and evaluation for the system, including business pro forma of proposed acquisitions, evaluation of risks and operational challenges and due diligence as needed. Reviews and/or oversees the preparation of the individual entity business cases and detailed quantitative analysis associated with capital requests, which includes a 5 year ROI financial impact analysis, net present value cash flow analysis, internal rate of return, and investment payback.Supports system wide capital management process including establishment of annual capital planning process; administration of executive-staffed council to review and prioritize capital requests, provide analysis and guidance on capital projects in support of strategic plans; evaluation of expected financial returns on capital investments.Supports major capital project governance monitoring including oversight of scope, budget and timeline for projects greater than $10M in collaboration with project management and leadership.Develops department goals, objectives, policies, and procedures. Ensures compliance with business unit policies and procedures and governmental and accreditation regulations.Selects, trains, orients, and assigns department staff. Develops standards of performance, evaluates performance, and conducts performance management planning. Initiates or makes recommendations for personnel actions. Maintains ongoing communication with subordinates to review programs, provide feedback, discuss new developments, and exchange information.Participates in multidisciplinary quality and service improvement teams and maintains effective working relationships with other departments.Duties for Corporate Finance: Assists in the allocation of capital funds and reviews department requests for capital projects. Prepares corporate depreciation and expense allocation reports to be used by all MedStar Health entities in conjunction with the corporate companies' monthly close, annual budget, annual long-range forecast and other periodic allocation requests. Reviews and prepares financial analysis of all corporate contracts and leases and recommends modifications, enhancements or implementation approaches. Reviews/analyzes expenses and develops recommendations to reduce costs or to implement effective cost controls where needed. Works with IT project managers to facilitate a proper approach for evaluating and capitalizing internal staff costs associated with software implementation in accordance with technical accounting guidance. Works with Project Managers to understand progress, expected completion and other financial factors on major IT projects and other corporate initiatives.Duties for Capital Management: Prepares and/or oversees the preparation of the individual entity business cases and detailed quantitative analysis associated with capital requests, which includes a 5 year ROI financial impact analysis, net present value cash flow analysis, internal rate of return, and investment payback. Prepares and/or validates the utilization projections and related assumptions used in the ROI analysis. Reviews financial projections for system-wide and entity specific capital initiatives. Validates and understands the NPV analysis which includes review of detailed assumptions for initial capital investment requirements, volumes, changes in FTEs, additional operating costs or savings and growth assumptions. Monitors project costs against approved budget for all capital projects greater than $10M in collaboration with project management and leadership. Monitors project results by measuring actual project results against projections in the proposed plan to insure integrity of the submission and project success or failure. Participates in due diligence for business development opportunities, as needed. Coordinates with philanthropy regarding any potential donor support.
Minimum Qualifications
Education
- Bachelor's degree in Business, Finance, Economics or Accounting. required and
- Master's degree Business Administration preferred
Experience
- 5-7 years Related experience. required
Knowledge, Skills, and Abilities
- Excellent problem-solving skills and ability to exercise independent judgment. Must be able to plan, prioritize and coordinate time to effectively deal with multiple projects.
- Strong business acumen, analytical, financial modeling and leadership skills.
- Excellent verbal and written communication skills with ability to effectively interact with all levels of management, internal departments and external agencies.
- Working knowledge of various computer software applications.
This position has a hiring range of $131,497 - $256,630
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MedStar Health
Jul 09, 2025