Job Description
General Summary
A college intern working in the field of healthcare finance helps in the development and implementation of UMMS policies and practices in a designated area such as for reimbursement, regulatory policy, billing compliance, financial management, budgeting, accounting, etc. By getting hands-on experience by working under a finance leader, he/she is able to participate in healthcare financial operations and learn to follow the impact of and respond to financial trends.
The intern will have opportunities to practically apply their theoretical knowledge of financial operations to their day to day assigned work at UMMS.
Under direct supervision, the college intern works directly with various Finance Shared Services staff to develop, analyze, report and interpret financial and statistical information to assist management in the formation, implementation and execution of the organization's business plans.
The finance internship is a mutually beneficial arrangement whereby the intern learns to apply classroom learning to a live business environment while UMMS leadership has an opportunity to observe and develop the intern's skills and abilities.
The internship should be viewed by the intern as an opportunity that could result in full-time employment in the future, and accordingly the intern is expected to exhibit professionalism, be inquisitive, and develop effective working relationships with UMMS staff and leadership.
Principal Responsibilities and Tasks
Corporate Finance is responsible for the management and oversight of UMMS financial services which includes the following divisions:
Financial Reporting Internal financial reporting to Board and Management, and external financial reporting to Bond Rating Agencies, Bond Holders and Debt Markets
Compliance with UMMS financial policies and procedures
Tax compliance and strategy
Reimbursement & Revenue Advisory Services
Rate Setting
Establish annual HSCRC approved Global Budget Revenue ("GBR") and corresponding unit rates. Ensure UMMS is receiving maximum allowed GBRs for each hospital.
Ensure approved hospital rates are set to charge to full approved annual GBR.
Negotiate hospital specific GBR improvement opportunities with HSCRC.
Provide annual hospital revenue budgets using estimated approved GBR and unit rates.
Meet all federal and state regulatory reporting requirements.
Monitor & report hospital specific HSCRC quality measure performance.
Ensure hospital case-mix (i.e. measure of patient acuity) is accurate through monitoring case-mix data and supporting clinical documentation improvement efforts.
HSCRC Strategy
Monitor HSCRC statewide policy goals and help establish UMMS to be a strong voice and influencer of HSCRC philosophy and considerations.
Provide guidance to UMMS leadership to ensure UMMS is positioned for success under HSCRC payment models.
Influence and negotiate HSCRC policies and methodologies for both existing and emerging rate setting and population health models.
Provide proforma analytics for HSCRC proposed policies and methodologies to understand impact to UMMS and ensure methodologies are sound.
Monitor and investigate hospital performance under all HSCRC policies and methodologies and, if needed, develop alternatives to propose to HSCRC.
Revenue Integrity
Promote proactive billing compliance with all federal, state and HSCRC regulations.
Improve operational efficiencies and reduce compliance risk through charge capture monitoring, interventions, education and clinical department collaboration.
Oversee management of hospital Charge Description Master ("CDM").
Conduct proactive charge capture assessments, issue identification, and remediation.
Support clinical and financial system build, maintenance, testing, and support.
Financial & Capital Planning
Strategic financial and capital planning and analysis for all components of the System.
Accountable for developing and maintaining the Five Year Financial and Capital Plan.
Management, oversight and reporting of capital project budgets and funds.
Management of State mandated reporting for Capital
UMMS Corporate Decision Support
Oversight and consolidation of UMMS operating budgets.
Management of UMMS budgeting and reporting system.
Expense analysis and reporting.
UMMS program development analysis
Corporate Treasury
Development and implementation of Treasury Strategy
Daily liquidity and Treasury Operations Management
Investment portfolio management
Debt portfolio management and reporting
Investor/ Bond holder relations management
Compliance with debt covenants and disclosures
UMMS Payer Relations & Contracting
Maintain payer relations for all UMMS entities.
UMMS payer contracting function including value-based care arrangements.
Payer contract management and compliance.
Develop and administer system-wide Payer strategy
Company Description
The University of Maryland Medical System (UMMS) is an academic private health system, focused on delivering compassionate, high quality care and putting discovery and innovation into practice at the bedside. Partnering with the University of Maryland School of Medicine, University of Maryland School of Nursing and University of Maryland, Baltimore who educate the state's future health care professionals, UMMS is an integrated network of care, delivering 25 percent of all hospital care in urban, suburban and rural communities across the state of Maryland. UMMS puts academic medicine within reach through primary and specialty care delivered at 11 hospitals, including the flagship University of Maryland Medical Center, the System's anchor institution in downtown Baltimore, as well as through a network of University of Maryland Urgent Care centers and more than 150 other locations in 13 counties. For more information, visit www.umms.org
Qualifications
Education and Experience
Enrolled in a Baccalaureate or Master's degree program with a minimum GPA of 3.0 of a possible 4.0.
Two years college is preferred.
Healthcare administration, Business, Accounting, Finance or related major is preferred.
Knowledge, Skills and Abilities
Ability to judge the level of confidentiality of information / activities involved in and exhibit integrity in use of dissemination of such information.
Proficient in Microsoft Excel, Microsoft Word and Outlook.
Ability to work in a team environment with changing demands and timelines
Highly motivated with a desire to learn
Effective verbal and written communication skills are necessary in dealing with a variety of healthcare and finance professionals.
Outstanding organization and problem-solving skills.
Ability to assess and evaluate financial data via use of computer analysis.
Ability to work effectively in a stressful work environment
Additional Information
All your information will be kept confidential according to EEO guidelines.
Compensation
Pay Range: $17.00 - $21.39
Other Compensation (if applicable):
Review the 2025-2026 UMMS Benefits Guide.
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