Finance and Operations Specialist

Job Title: Specialist

Location: SBC Corporation

Department Name: RWJBH Community Health Project

Req #: 0000220076

Status: Salaried

Shift: Day

Pay Range: $68,724.00 - $97,073.00 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.

Job Overview

The Finance and Operations Specialist for FQHCs plays a key role in supporting RWJBarnabas Healths mission to improve community health outcomes.This role focuses on strengthening the financial sustainability, operational efficiency, and compliance capacity of Federally Qualified Health Centers FQHCs affiliated with RWJBH. The Specialist ensures that operational policies, procedures, and new initiatives across practice sites are of high quality, consistently implemented and compliant with all operational regulations, policies and procedures. Working under the SVP of Community Health, the Specialist will serve as a strategic advisor, providing technical assistance, financial modeling, and training to FQHC leadership. The ultimate goal is to improve access to quality care for underserved communities by helping FQHCs grow and operate more effectively.

Essential Job Functions

• Strategic Advisory & Relationship Management
  • Act as a financial and operational advisor to RWJBH-affiliated FQHCs
  • Build strong relationships with FQHC executives to identify challenges and co-develop practical solutions
  • Align support with system-wide community health priorities
• Financial & Operational Analysis
  • Conduct deep financial assessments, including: Revenue cycle analysis, Payer mix evaluations, Cost-efficiency studies, Benchmarking against peer, Develop sustainable business models to improve reimbursement and diversify revenue, Prepare and present financial reports and dashboards to leadership, Implements performance goals, long term objectives and strategy developed for the practice sites.
• Compliance & Program Optimization
  • Provide expert support to ensure FQHC compliance with: HRSA requirements, Medicaid/Medicare regulations, GAAP standards and other federal/state guidelines, Help develop internal controls, financial policies, and reporting protocols, Optimize the 340B drug pricing program for better impact and service expansion, Lead or support audits and compliance reporting; recommend corrective actions as needed.
• Training & Capacity Building
  • Create and deliver trainings for FQHC leadership and finance teams on: Reimbursement strategies, Revenue cycle management, Financial compliance, Share practical tools, templates, and models to build internal capacity and financial literacy.
• Quality Improvement Initiatives
  • Assists in the development of a quality improvement program that designs, plans, measures, and improves the practice functions and key clinical populations served and align to the primary care service lines strategic goal.
  • Participates in ongoing monitoring and evaluation of program effectiveness, including but not limited to, incident monitoring, patient/family satisfaction with services, monitoring of key systems of performance required to support the program and indicators of clinical quality related to the patient populations served.
  • Implements new clinical programs and services
• System wide Collaboration
  • Work with RWJBH departments and community partners to: Identify new funding opportunities, Support innovative service delivery models, Assist with financial tracking and compliance for grant-funded programs

Qualifications

Required

• Bachelors degree in Finance, Business Administration, Public Health, Healthcare Administration, or a related field,
• Minimum 5 years of experience in FQHC finance, operations, or healthcare strategy
• Deep understanding of: Medicaid/Medicare reimbursement, 340B program management, HRSA compliance, Healthcare funding and reporting standards e.g. GAAP
• Strong business and financial acumen,
• Advanced Excel and financial modeling skills; proficiency in Word, Powmplex financial concepts in simple terms,
• Detail-oriented, self-motivated, and strategic problem-solver,

Preferred

• Masters degree

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.