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  • Hutchinson, KS

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Chief Financial Officer

ExecuNet • Hutchinson, KS

Posted 12 days ago

Job Snapshot

Other Great Industries
Health Care

Job Description

As a leader in this highly visible role, the Chief Financial Officer manages the HCPA accounting, business office, purchasing, and information technology division to ensure that they are providing effective and efficient service to the operating groups and other customers. The CFO manages, interprets, and communicates financial and operational data to measure performance and identifies organization-wide improvement opportunities.

Minimum Qualifications:

  • Bachelor’s degree in a field closely related to the principal accountabilities of the position such as Accounting, Finance, Business or Healthcare Administration.
  • Seven to ten years of progressive financial leadership and experience in healthcare.
  • Successful experience developing and executing short and long-term strategic financial initiatives.
  • Successful experience working collaboratively with others to advance organizational objectives.
  • Demonstrated knowledge of the interaction of complex organizations and success in achieving organizational missions.
  • Knowledge of financial and operational medical group administration, reimbursement and financial reporting.
  • High degree of initiative, judgment, energy, discretion, decision making and the ability to maintain the strictest confidentiality in all business matters.
  • Excellent verbal, writing and presentation skills.
  • Must be able to lead teams to accomplish goals and do so in a collaborative fashion.

Preferred Qualifications:

  • Advanced education in a field closely related to the principal accountabilities of the position, such as Accounting, Finance, Business or Healthcare Administration.
  • CPA
  • Ten or more years of progressive financial leadership and experience in a large independent or physician-owned group practice setting.
  • Demonstrated success managing business operations.
  • Demonstrated success is managing multiple priorities and achieving outcomes in a timely fashion
  • Experience in negotiating insurance contracts and arrangements.

Duties and Responsibilities

  • Working with key stakeholders, assist in and oversee the development of the annual Operating and Capital budgets and assure they are completed in a timely manner.
  • Assists in capital asset purchasing and financing based on cash flow and debt service of the organization. Assures external financial institution covenants are met.
  • Prepare pro forma business analysis and plans to assess business opportunities and strategies. Conducts comprehensive due diligence reviews of new business opportunities to determine if such practices are a good strategic fit for the organization from a financial and operational perspective. Conduct post-acquisition financial reviews of physician practices to ensure that initial volume, productivity and financial targets are being met.
  • Assists in the development and maintenance of a Financial and Operational Dashboards to capture the key performance indicators and metrics for the financial operations and the revenue cycle with comparisons to internal and external industry benchmarks.
  • Provide product line profitability analysis for the various HCPA entities.
  • Oversee preparation of periodic financial forecasts and cash flow forecasts for HCPA entities as required.
  • Provides profitability models of the current managed care contracts and assists in the development of rate strategies
  • Works with Practice leadership to assist in the administration of all physician compensation arrangements.
  • Provides analysis and support as needed for the physician and employee benefit plans.
  • Participates as a member of HCPA’s Administrative Management Team in the financial and functional decision making processes necessary for the successful attainment of the organization’s mission and strategic plan.
  • Provides financial expertise in the planning of new services and the expansion of existing services promoting revenue growth.
  • Assumes a lead role in analyzing and exploring means of reducing costs including participation in performance improvement activities.
  • Ensures the completion of the annual budget and tracks the progress on a periodic basis.
  • Practice and adhere to the Code of Conduct philosophy and Mission and Value Statements.
  • Other duties as assigned. 

Department Leadership:

  • Establish the vision for the reporting departments in support of HCPA’s strategic mission, vision and core values.
  • Select and retain excellent employees and act to ensure quality of service, technical expertise and their continued development.  Set high but achievable goals and foster professional growth.  Lead by example with the result that department employees are empowered to achieve their objectives.
  • Ensure that department systems provide cohesive support to HCPA’s mission and that it operates effectively within ethical, financial, prudent business practice and legal parameters.

Organizational Leadership:

  • Execute and oversee assigned special and ongoing projects.
  •  Proactively support HCPA’s mission, vision, core values and policies and lead by example for others.
  • Develop and maintain effective relationships with other medical facilities as necessary and internal and external partners that result in the accomplishment of respective missions.
  • Actively participate in the HCPA Administrative meetings, board meetings and other committees as necessary and appropriate.
  • Review progress toward objectives and provide timely reports to the CEO

Knowledge, Skills and Abilities

  • Organization - proactively prioritizes needs and effectively manages resources.
  • Communication - communicates clearly and concisely.
  • Leadership - guides individuals and groups toward desired outcomes, setting high performance standards and delivering quality services.
  • Customer orientation - establishes and maintains long-term customer relationships, building trust and respect by consistently meeting and exceeding expectations.  Commitment to a team-oriented approach
  • Tactical execution - oversees the development, deployment and direction of complex programs and processes.
  • Policies & Procedures - articulates knowledge and understanding of organizational policies, procedures and systems.
  • PC skills - demonstrates proficiency in Microsoft Office applications and others as required.
  • Financial management - applies tools and processes to successfully manage to budget.
Job ID: 577761
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