Director Strategic Cost Management

Job Description


* Develop and implement a comprehensive cost management strategy aligned with the hospital's financial goals and mission


* Provide strategic insights to the executive leadership team to support decision-making related to cost efficiency, revenue optimization, and resource allocation


* Lead enterprise-wide cost reduction initiatives, focusing on value-based care and operational excellence


* Partner with clinical and operational leaders to identify and implement process improvements that reduce waste and enhance efficiency without compromising patient outcomes


* Drive performance improvement projects focused on supply chain management, labor optimization, and clinical cost containment


* Facilitate cross-functional teams to ensure alignment of cost management strategies with operational goals


* Identify financial risks related to cost structures and recommend mitigation strategies


* Responsible for staff recruitment, retention, development, training and discipline


* Work with CFO and Senior Director, Decision Support on the development of the annual operating, routine and strategic capital budgets.

Qualifications


* Master’s degree in Healthcare Administration, Business Administration, or a related field.


* 8-12 years of progressive leadership experience in acute care / ambulatory operations, cost management or financial planning.


* Strong background in hospital operations, ambulatory services or consulting within a healthcare environment.


* Proven track record of leading cost reduction and performance improvement initiatives in complex organizations.


* Experience working for non-profit and for-profit hospitals / health systems.


* Expertise in financial modeling, cost analysis, and data analytics tools (e.g., Excel, Power BI, Tableau).


* Strong leadership, strategic thinking, and change management skills.


* Excellent communication, negotiation, and interpersonal skills.


* Ability to influence and collaborate effectively with stakeholders at all levels.

License/Certification/Registration Requirements N/A

Salary Range:

$91.36 - $137.04 USD Hourly