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Manager, Cost Accounting

Cape Cod Healthcare

Hyannis, MA
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Job Details

Cape Cod Healthcare

Department: HCI Strategy
Schedule: Full-time 40 Hours per week
Shift: Day Shift
Hours: 8a-5p Monday-Friday, occ. w/e, occ. hol.
Job Details:


Reporting to the Senior Vice President of Strategy & Government Relations, is responsible for managing and performing the costing process, utilizing the enterprise performance management system (currently McKesson) in order to provide accurate and timely reporting and transparency with respect to Cape Cod Healthcare's (CCHC) cost structure. Insight from cost accounting will facilitate decision-making related to service line growth opportunities and identification of cost savings opportunities. This role is responsible for all activities related to the use, improvement and maintenance of the cost accounting system. Works collaboratively with peers and interdisciplinary teams to support enterprise strategic, operational, and financial goals. This position is a key resource to senior leadership and service line management and will liaison frequently with a variety of corporate and operational departments.


·       Creates processes and internal controls to maintain, update process and operate an accurate cost accounting system;

·       Produces a regular and timely series of formal service line reports for leadership that reflects system-wide service line performance, as well as individual hospital-based service line performance;

·       Develops, continually improves and drives the promotion of service line reporting to inform profitability, improve costing processes, inform business plans and promote improved decision making across the system;

·       Collaborates with revenue and reimbursement teams to compare, align and reconcile methods used for cost accounting with those used for governmental cost reporting, where appropriate;

·       Provides analytical support for interdisciplinary teams in the valuation of new businesses and other opportunities related to the strategic planning process;

·       Provides cost data and helps develop targets to achieve cost savings as the organization moves from fee for service to value based, global and bundled payments; analyzes service line reimbursement metrics to the payor detail level;

·       Provides leadership with useful cost decision support analytics and reports to facilitate control and reduction in resource costs;

·       Provides support to operational leaders on data interpretation, variance analysis of data, trends and issues related to costing data;

·       Works collaboratively with service line directors and operational managers to identify cost savings opportunities. Conducts comprehensive and in-depth research to reconcile cost anomalies and variances. Identifies system, processes, and workflow issues and recommends process improvements that result in greater accuracy of data capture and reports;

·       Maintains a formal process for accurate cost accounting methodologies for indirect expense allocations, re-class, and other cost accounting drivers with support from the Chief Financial Officer and program leaders. Working with the Chief Financial Officer, manages the work streams necessary to create and refine allocation methodologies using data/statistics for hospital overhead departments;

·       Monitors and reports on costing relationship that requires additional review and investigation; coordinates all phases of the review and resolution of issues identified;

·       Conducts data system audits and reconciliations for accuracy and completeness;

·       Liaisons with IT department on technical issues related to the cost accounting system module. With IT, oversees relevant system development of the cost accounting module.

·       Performs other work related duties as assigned or requested. 


·       Bachelor's degree in Accounting or Finance required; Master's degree preferred;

·       Certified Managerial Accountant (CMA) preferred;

·       5 to 7 years of experience with accounting concepts, budget processes, analytics and planning, service line profitability, forecasting concepts;

·       Experience with and knowledge of enterprise decision support systems and enterprise resource planning systems (payroll, accounts payable, general ledger, and supply chain modules);

·       Ability to think strategically and understand operational systems that provide patient care;

·       Strong analytical skills with ability to collect, organize, synthesize and disseminate significant amounts of information with attention to detail and accuracy;

·       Ability to present and explain complex financial data to diverse audiences;

·       Ability to exercise a high degree of initiative, judgment, discretion and decision making to achieve organizational objectives;

·       Ability to create and work in a strong team atmosphere;

·       Strong interpersonal and communication skills; collegial presence with ability to gain cooperation and influence others;

·       Well organized thought process, coupled with an ability to manage multiple projects simultaneously and work effectively and efficiently with strict deadlines;

·       Familiarity with and commitment to quality/process innovation and improvement concepts and techniques.


HR Use Only:

Zip Code: 02601
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