FELLOWSHIP OVERVIEW
The Finance Administrative Fellowship serves as a means to develop a broad experience in a fellow's career that will foster their professional development within the Finance and Revenue Cycle arena. Fellows will have the opportunity to be exposed to unique projects throughout their rotations in order to cultivate competencies that are critical to the success of health care administrators.
Ochsner Health System is a national leader in the delivery of healthcare services in the United States and the largest multi-specialty group practice in the Gulf South. In addition to over 600 employed physicians in over 70 medical sub-specialties practicing in 24 sites, Ochsner operates seven hospitals totaling over 1550 licensed beds, a home health agency, a full-service hotel, as well as multiple fitness centers.
With over 10,000 employees, Ochsner's biggest strength is its people. Ochsner recently achieved Magnet Nursing Status and was named the Employer of Choice in a national survey of hospitals. Likewise, Ochsner received the 2005 VHA Leadership Award for Performance Management and Leadership Development and was named Best Place to Work in New Orleans in 2006 and 2007 by City Business Magazine. Ochsner is also proud to be a finalist for Fortune Magazine's 100 Best Companies to Work For. Recently, Ochsner was named one of the nation's Most Wired 100 hospitals in the July 2008 issue of Hospitals and Health Networks magazine
WHAT THE FELLOWSHIP PROVIDES
Program Structure
Ochsner is proud to offer several Finance Administrative Fellowship positions per rotation. Over the 24 month period, the Fellows have the opportunity to rotate through and experience aspects of the hospitals, clinics, corporate office and any of the other entities in which interest is expressed. Administrative Fellows are exposed to a broad range of hands-on experiences that will prepare them for a successful career in healthcare leadership. Jeff Saucier, Chief Financial Officer of Ochsner Medical Center, acts as the preceptor for the Fellows and coordinates involvement of with all levels of administration within the organization. Fellows will concentrate on areas associated with finance and the revenue cycle, as well as those areas related to their own interests and career objectives.
Rotations
Fellows will focus on core competencies related to Medical Operations within Hospital & Clinic Settings, Revenue Cycle, General Accounting Functions, Operational Finance Functions and Corporate Structure. After the completion of these rotations, fellows will experience a more focused training associated with organizational need matched with candidate's interest.
Each rotation will serve as a learning experience for the fellow by testing abilities, as well as instilling applicable system and divisional knowledge related to the strategic plan of our organization. Applicable project work will be assigned within each rotation in order to ensure the Fellow's progress is meeting the expectations of the program. In addition to departmental designated projects, fellows will also have the opportunity to seek out projects that meet their personal career objectives.
Locations
Ochsner Health System consists of 7 Hospitals and 35 satellite clinics throughout Southeastern Louisiana. The following locations may be included as a portion of each Fellow's rotation:
- Ochsner Medical Center - Main Campus
- Ochsner Baptist Medical Center
- Ochsner Medical Center - Baton Rouge
- Ochsner Medical Center - Kenner
- Ochsner Medical Center - Westbank
- Ochsner Medical Center - St. Anne
- Ochsner Health Centers - Northshore
Leadership & Mentoring
Professional development is a fundamental component of the Finance Administrative Fellowship Program. Fellows will be assigned to a preceptor who will be responsible for serving as a mentor throughout each rotation. Project reporting, progress evaluations, and feedback will be facilitated by preceptors to ensure continuous competency development of each fellow. Fellows will also have the opportunity to collaborate with executives and senior administration throughout the duration of the program. Examples of Fellow participation and leadership interaction include:
- Monthly Operating Reviews
- System Quarterly Reviews
- Bi-weekly CFO Meetings
- Financial Planning & Analytics Training
- Executive Retreats
- Professional Healthcare Conferences
- Various Senior Leadership Meetings
- Strategic Planning Sessions
Stipend
The Finance Administrative Fellowship offers a competitive salary and benefits package for the duration of the 24 month rotation.
Career Path
The Fellowship program aims to provide a strong foundation for each participant's career. This foundation should lay the framework essential to pertinent organizational and leadership skills within Finance and Healthcare Management arenas. The program prides itself on aiding the Fellows in finalizing employment at the end of the Fellowship. Often times, this employment is within the Ochsner Health System.
APPLICATION PROCESS
Eligibility Requirements
The prospective Fellow must have completed the didactic portion of an accredited graduate program. Preferred candidates should possess at least one of the following credentials:
- Master in Business Administration with a Finance Concentration
- Master in Healthcare Administration with an Undergraduate Degree in Finance or Accounting.
Fellowship Program Dates
Ochsner is proud to offer Finance Fellowship rotations on a semiannual basis:
January 2010 Rotation
We are currently accepting applications for the January 2010 Rotation. The application deadline is September 30, 2009. Telephone and on-site interviews will follow in October, with final selection being made shortly thereafter.
July 2010 Rotation
We are currently accepting applications for the July 2010 Rotation. The application deadline is September 30, 2009. Telephone and on-site interviews will follow in October, with final selection being made shortly thereafter.
How to Apply
Prospective Fellows should submit the following materials:
- Application Coversheet
- Resume
- Personal Statement
- Three (3) Letters of Reference (combination of Academic and Professional)
- Official Graduate School Transcript(s)
Please mail all materials addressed to:
Jeff Saucier, CFO-OMC
Finance Administrative Fellowship Program
Ochsner Medical Center
Brent House 5th Floor, Room 523
1514 Jefferson Highway
New Orleans, LA 70121
To request additional information, please review the program's Frequently Asked Questions section and/ or contact us at .
Thank you for your interest in Ochsner.
FAQ's
What are the job expectations of Finance Administrative Fellows?
In order to accomplish the core competencies within each rotation, a defined set of objectives has been created for each department a Fellow will visit. These objectives indicate the content and timeframe covered and allocated to each area.
For additional information, refer to the formal job posting for Finance Administrative Fellows on the Ochsner HR Career website.
Can fellows influence their rotation decisions?
The Fellowship has been structured in order to achieve core competencies and experiences defined by program coordinators. Upon completion of the defined set of capabilities, fellows are encouraged to develop and experience additional interests within the organization.
Before beginning their rotations, Fellows will be asked to identify specific areas of interest and/ or particular assignments they would like to experience before the completion of their program. Organizational needs will be matched with individual interest according to resource availability and program development.
Upon what selection criteria are fellowship applicants evaluated?
The Finance Administrative Fellowship program seeks candidates who possess a combination of academic and professional achievements. Specific attributes include:
- Professional Skills: Experience, Graduate Transcripts, Rapport, Job Related Knowledge, Leadership/ Managerial Potential
- Personal Attributes
What are the benefits of completing a 24 month fellowship program?
Ochsner Health System is a multifaceted organization which requires adequate exposure within the system to achieve a meaningful Fellowship experience. This predetermined amount of time allows the opportunity to foster professional development and apply a working knowledge acquired throughout the duration of the program.
During the course of the Fellowship, Fellows will have the opportunity to develop various skill sets that will lay the foundation for future positions. Upon completion of the Fellowship, Fellows should be able to draw upon their experiences to help formulate their leadership style, taking from those individuals who have helped develop them.
