In my previous role, I was tasked with reviewing the financial performance of a hospital's outpatient services. By analyzing trends in patient volume, service utilization, and cost per procedure, I identified that certain high-cost procedures were being underutilized. I recommended consolidating these services into a single, more efficient department, which led to a 15% reduction in operational costs and improved patient satisfaction scores.

I regularly review updates from the Centers for Medicare & Medicaid Services (CMS) and other regulatory bodies to stay informed about changes in reimbursement policies and compliance requirements. For instance, when the CMS introduced new rules on bundled payments, I updated our financial models to reflect these changes, ensuring that our revenue projections were accurate and compliant.

I have extensive experience in developing financial models that forecast revenue, expenses, and profitability for various healthcare services. For example, I created a model for a new telehealth program that projected patient volume, service costs, and reimbursement rates. This model helped the organization secure funding and set realistic performance targets.

I begin by gathering historical financial data and analyzing key performance indicators (KPIs) to understand the organization's financial health. I then collaborate with department heads to gather their input on future needs and potential cost drivers. Using this information, I create a detailed budget that aligns with the organization's strategic goals, ensuring that resources are allocated efficiently and that financial risks are mitigated.

In a previous role, I was asked to present the financial impact of a new healthcare policy to a group of hospital administrators. To ensure clarity, I used visual aids such as charts and graphs to illustrate key points and avoided technical jargon. I also provided context by relating the financial data to the organization's strategic objectives, which helped the stakeholders understand the implications and make informed decisions.