Organization: Bon Secours Mercy Health Inc
Mission: Acts as Home Office for Bon Secours Mercy Health system providing admin/mgmt services to affiliates.
Activities: Bon Secours Mercy Health provides a wide range of corporate support services to the facilities it owns or has affiliations. The system's mission services ensure that all Bon Secours facilities support the ministry of the Sisters of Bon Secours and the Catholic Church, and are driven by the system's mission and values. The system's financial, operational and business development services provide essential centralized support to improve operations, financial performance, and the delivery of patient care. With expertise in all areas of acute, long-term care and assisted living facility and home care management and operations, the corporate staff also serves as an invaluable corporate consulting resource. Mission Services: -Direction, support and consultation for the local and corporate staff and boards of directors -Policy development in areas such as sponsorship, business relationships, moral investments, bioethics, organizational ethics, social justice and community commitment services -Education to promote the Bon Secours mission, philosophy and values to key staff -Coordination of teams charged with addressing health care issues and ethical concerns Financial & Treasury Services: -Negotiation of access to capital -Oversight, coordination and control of external audits -Coordination of and assistance in maximizing third-party reimbursement and filing related appeals -Monitoring of federal health care policy -Monitoring of System's master pension trust encompassing the pooled investment of all defined benefit pension plan assets of System members, including the selection of master pension trust investment advisor and managers and evaluation of their performance -Management of System members' trustee-held funds and System-wide investment program encompassing the vast majority of System members' investments, including funded depreciation accounts and centralized cash management program, in accordance with uniform System investment guidelines -Management of centralized cash management program -Maintenance of System-wide common financial data base providing status of key financial indicators and operating statistics -Long range capital and financial planning and annual operating and capital budgeting support -Preparation of monthly and year-end consolidating System-wide financial statements, including budget variation reporting and statistical analysis -Development, implementation and monitoring of standardized accounting policies and educates senior leaders on financial literacy and contemporary financial practices. -Development of external financial disclosures to investors and the public at large -Primary contact with rating agencies, bond insurers and for investors questions -Oversight of System consulting in the areas of tax returns, cost reporting, A-133 filings, CDM compliance and third party appeals -Organization of meetings of Chief Financial Officers to better coordinate implementation of System-wide goals, strategies, tactics and objectives and to monitor facility operations and corporate compliance Operational Services: -Actuarial, accounting and investment functions for self insurance funding of System members' general and professional liability and workers compensation claims and for a System-wide self-funded plan for employee health benefits -Coordination of functions for a System-wide standard hospital information system and other systems for use throughout the System and support functions for implementing and maintaining the information system -Standardized purchasing function, material management, Lawson ERP system, and other standard IS -Knowledge Transfer of best practices and successes on revenue enhancement and cost reduction initiatives. Strategic Planning, Marketing, and Business Development Services: -Coordination of System strategic planning including coordination of development of the System's vision, goals, and 3-year strategic plan and annual planning processes. -Market assessment and strategy development for improved local market positioning -Strategic planning support for acute, long-term and home care operations -New product/service research and development -Emerging technology research & assessment; knowledge transfer of technology and implications for system -Coordination and consultative assistance in service line planning & profitability analyses -Implementation of strategic growth initiatives in new and existing communities -Coordination of Planning & Business Development leaders, Customer Satisfaction, and Marketing & Communications leaders networks Other Corporate Services: -Corporate Communications and Public Relations -Internal auditing -Corporate Responsibility -Risk management -Governance -Coordination and control of System-wide benefit testing -Administration of System-wide health benefit plans -Placement and renewal of various System-wide welfare benefit plans -Coordination and management of legal services provided to System members -Regulatory compliance and insurance functions -System-wide employee, patient, resident and physician satisfaction Program
NTEE category: Health Care
Secondary category: Voluntary Health Associations & Medical Disciplines