BWFH welcomes new Budget Manager
The Finance Department at Brigham and Women’s Faulkner Hospital recently welcomed Laura Suslowicz as their new Budget Manager. Suslowicz is a graduate of Boston College where she earned her undergraduate degree in Communications. She also holds an MBA in Health Sector Management from Boston University’s Graduate School of Management.
Most recently, she served as Senior Budget Analyst at Newton-Wellesley Hospital where she reviewed operating budgets to analyze trends impacting budget needs and tracked capital project approvals and spending. Prior to joining NWH, Suslowicz held positions with Fidelity Investments and Boston Children’s Hospital.
“I value working within Partners,” she says of her decision to join the team at BWFH. “I’m coming from Newton-Wellesley Hospital. What drew me here was the opportunity to stay within a community hospital. I enjoy the feeling of the community hospital and the interactions you have with employees and families.”
In her new role, Suslowicz will manage BWFH’s annual corporate operating budget processes. This includes the review and analysis of budget submissions, organization of data, coordination of staff input and the dissemination of information to necessary staff and management. She will also oversee the monthly financial reporting process for BWFH.
“I’ll be primarily managing the budget process,” she says. “My goal is to establish a team approach to budget development. I want leaders to understand what is going into their budget. Active participation in developing and managing the budget will ensure their departmental needs and goals are being addressed in the process.
Suslowicz says she aims to ultimately make the whole process a little easier for staff. “I hope that I can step in and help leaders feel more comfortable with their department’s finances and metrics. I understand that the budget process can be stressful, but we are here to support your understanding of the budget process and efficiently reflect your needs in order to provide excellent service to patients.”
She also hopes to work on reporting as part of that goal. She says, “I want to begin using some new finance reports here. One of them is a monthly variance report. It allows managers to plug in their cost center and it populates the report with their financial data and other key indicators like volume and FTEs if those are relevant to the department. It enables leaders to understand their financials more and helps them feel confident using Vision. It’s a great tool.”
Suslowicz is a busy mom to two small children, aged 3 years and 8 months. “They occupy most of my time when I’m not working,” she says. “When I get home it’s all about them.” One of her passions is baking, which she hopes to share with her children. She says, “I love to bake. I used to bake a lot before I had kids. Now my son is at an age where he can do some little helpful things, so I like to bake with him.”
Even with kids and a full-time position at BWFH, Suslowicz also finds time to teach an undergraduate course in Healthcare Reimbursement at Cambridge College in their Bachelor of Science in Healthcare Management program.