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VP Operations and Budget

Baystate Health

Springfield, MA

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JOB DETAILS
SALARY
$290,600–$411,800 Per Year
SKILLS
Accounting, Analysis Skills, Budgeting, Business Administration, Business Plan, Business Support, Capital Budgeting, Communication Skills, Continuous Improvement, Cost Accounting, Customer Support/Service, Decision Support, Establish Priorities, Finance, Financial Analysis, Financial Management, Financial Operations, Financial Planning, Financial Projections, Financial Reporting, Financial Strategy, Financial Support, Financial Systems, Forecasting, Healthcare, Healthcare Providers, Healthcare Reimbursement, Hospital, Hospital Systems, Leadership, Operational Audit, Operational Improvement, Operational Strategy, Patient Care, Patient Education, Performance Metrics, Productivity Management, Root Cause Analysis, Standards of Care, Strategic Planning, System Integration (SI), Team Lead/Manager, Team Player, Variance Analysis, Volume Planning
LOCATION
Springfield, MA
POSTED
30+ days ago
Vice President Operations and Budget


Baystate Health | Springfield, Massachusetts (Onsite)


Are you a strategic healthcare finance leader who thrives at the intersection of operations, analytics, and mission-driven care? Baystate Health is seeking a dynamic Vice President, Budget & Operations to partner with executive, clinical, and operational leadership in driving financial performance, operational excellence, and sustainable growth across our system.


This is a highly visible role for a collaborative leader who can translate complex financial data into actionable insights, influence senior stakeholders, and support hospital and physician operations in a complex, matrixed health system.


Why This Role is Unique


+ Direct partnership with senior system and hospital leadership

+ High-impact influence on budgeting, volume planning, and operational strategy

+ Opportunity to shape financial transformation in a large integrated health system

+ Leadership of a talented team of financial support analysts (~15 FTEs)

+ Central role in aligning hospital priorities with system initiatives.


Position Summary


The Vice President, Budget & Operations serves as a senior financial leader responsible for budgeting, financial performance analysis, and operational financial strategy. This role interprets financial data and collaborates with service line leaders, physicians, and administrative leaders to drive accountability, margin improvement, and operational efficiency.


The VP plays a critical role in financial projections, business plan development, capital prioritization, and financial decision support, ensuring alignment between hospital operations and system-wide strategic initiatives.


Key Responsibilities:


Strategic Financial Leadership


+ Provide expert financial guidance to hospital and system leadership

+ Support data-driven decision-making and financial discipline across operations

+ Lead financial transformation initiatives and operational reviews


Budgeting & Financial Planning


+ Lead development and execution of the consolidated annual operating and capital budget

+ Partner with clinical, service line, and medical group leadership on volume planning

+ Align expense budgets with productivity, volume, and strategic priorities

+ Monitor forecasts, projections, and remediation plans


Financial Reporting & Analytics


+ Interpret monthly financial results, KPIs, and variance analysis

+ Conduct root cause analysis and present insights to executive leadership

+ Utilize tools such as Strata, Syntellis, and Axiom for financial performance management


Operational & Physician Partnership


+ Collaborate with physicians and clinical leaders to improve financial and operational performance

+ Support service line growth, care delivery models, and productivity optimization

+ Apply knowledge of RVUs, cost accounting, and healthcare reimbursement methodologies


System Collaboration


+ Serve as a liaison between hospital operations and finance shared services


Capital & Decision Support


+ Prioritize and review capital requests aligned with strategic and financial goals

+ Support business plans for new initiatives and service line expansion


Team Leadership


+ Lead and develop a high-performing finance team (approximately 15 FTEs)

+ Foster a culture of accountability, collaboration, and continuous improvement

+ Drive engagement in productivity and position control meetings


Required Qualifications


+ Bachelor’s degree in finance, Accounting, or related field

+ 10+ years of progressive financial leadership experience in healthcare

+ 5+ years in a senior finance role within a hospital or integrated health system

+ Strong expertise in:

+ Healthcare budgeting

+ Cost accounting

+ Productivity management

+ Decision support

+ Financial analytics in a clinical environment


Preferred Qualifications


+ MBA, MHA, or related advanced degree preferred

+ Experience with Strata, Syntellis, Axiom, or similar financial systems

+ Experience supporting physician and hospital budgets


Ideal Candidate Profile


The successful candidate will be:


+ A strong communicator who can present complex financial data to diverse stakeholders

+ Highly analytical with exceptional presentation and decision-support skills

+ Comfortable working onsite in a complex healthcare environment

+ Collaborative and influential across clinical and operational leadership

+ Passionate about mission-driven healthcare and operational excellence


About Baystate Health


Baystate Health is a nationally recognized, integrated healthcare system committed to improving the health of the communities we serve. Our leaders are empowered to innovate, collaborate, and make meaningful impact in a mission-focused environment dedicated to excellence in patient care, education, and research.


Education:


Certifications:


Compensation


Note: The compensation range(s) in the table below represent the base salaries for all positions at a given grade across the health system. Typically, a new hire can expect a starting salary somewhere in the lower part of the range. Actual salaries may vary by position and will be determined based on the candidate's relevant experience. No employee will be paid below the minimum of the range. Pay ranges are listed as hourly for non-exempt employees and based on assumed full time commitment for exempt employees.


Minimum - Maximum


$290,600 - $411,800


Equal Employment Opportunity Employer


Baystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.

About the Company

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Baystate Health