Primary Responsibilities

The following statements describe the general nature and level of work performed by individuals in this role. They are not an exhaustive list of all duties.

• Collect, analyze, and interpret financial data related to medical equipment acquisition, maintenance, and lifecycle management.
• Develop and maintain financial models using data from financial systems, maintenance logs, and vendor contracts.
• Conduct variance analysis to assess budget performance and identify key trends and cost drivers.
• Prepare monthly, quarterly, and annual financial reports, highlighting insights on cost per procedure, equipment utilization, and maintenance expenditures.
• Maintain real-time financial dashboards to ensure financial insights are accessible to leadership and stakeholders.
• Lead the annual budgeting process for the Clinical Engineering Department in alignment with organizational goals.
• Develop comprehensive budget proposals, including justifications for capital expenditures and operational costs.
• Collaborate with the Finance Department to integrate clinical engineering budgets into the broader organizational financial strategy.
• Utilize predictive analytics for dynamic financial forecasting that accounts for technological changes and operational shifts.
• Proactively identify financial risks and opportunities for continuous improvement.
• Monitor and adjust forecasts based on actual performance and emerging trends.
• Conduct detailed cost-benefit analyses for medical equipment and technology investments.
• Identify opportunities to enhance cost efficiency without compromising patient safety or service quality.
• Assess total cost of ownership (TCO) for medical equipment, including procurement, maintenance, downtime, and lifespan.
• Recommend process improvements to increase financial efficiency and operational effectiveness.
• Implement cost-control strategies, such as preventative maintenance programs, to extend equipment life and reduce repair costs.
• Review and analyze vendor contracts to ensure cost-effective terms and quality service delivery.
• Collaborate with Procurement and Legal teams to negotiate favorable contract terms.
• Monitor vendor performance and contract compliance to ensure alignment with financial and service expectations.
• Provide financial insights during vendor evaluations and recommend contractual adjustments based on performance data.
• Partner with Clinical Engineering leadership, Finance, Procurement, and other departments to align financial strategies with institutional priorities.
• Participate in cross-functional initiatives aimed at improving operational efficiency and cost management.
• Provide financial training and guidance to Clinical Engineering staff to build departmental financial literacy.
• Effectively communicate financial data and strategies to non-financial stakeholders through reports and presentations.
• Perform other duties as assigned.