Chief Finance Officer

Job Summary

The Chief Financial Officer (CFO) has primary responsibility for ensuring the financial success of the organization and sustainability under adverse conditions. The full scope of the CFO’s finance responsibilities are described below.

Responsibilities

• Leads actuarial work to understand, monitor, and recommend action with respect to ACO performance on total cost of care (claim cost)

• Works with a dedicated contracted/partnered actuarial resource, and as appropriate with other actuaries (e.g. EOHHS’s actuary Mercer)

• Drills down on cost and utilization concerns as needed to diagnose issues, identify potential solutions and develop action plans

• Develops, explains, reports on, and ensures accountability for funds flow to and from the organization and member health centers, including DSRIP funding and other administrative payments, and performance payments resulting from the ACO’s Internal Financial Architecture (IFA)

• Forecasts and explains the potential implications of changes in administrative funding s availability and total cost of care performance on operations

• Led analysis of the impact of potential changes in the IFA and member health center risk tier elections on enterprise risk and regulatory compliance

• Collaborates with health center CFOs on other issues related to the overall success of health centers

• Leads budgeting, forecasting, reporting, and analytics process, and supports planning and execution of all aspects of ACO operations from a finance perspective

• This includes an annual budgeting process for the administrative functions of the ACO, and annual (and more often as needed) analysis and planning around initiatives to reduce total cost of care or improve quality scores. This also includes monthly monitoring of administrative spending against the Board-approved administrative budget

• Ensures regulatory compliance in all tax and finance-related matters. This includes C3’s 501(c)(3) status and 990 filing, Risk-Bearing Provider Organization (RBPO) certificate, HPC ACO certification requirements and EOHHS contractually required repayment mechanism. This includes developing and maintaining an appropriate capital structure, including procurement of insurance against to adequately protect against adverse performance on total cost of care

• Works with other members of senior team, manages all performance-based contracts including the performance of any and all of the company’s contracted vendors/partners

• Oversees finance operations, including payroll, accounts payable, accounts receivable, and ensures appropriate controls. Procures insurance to limit the organization’s exposure to adverse events (e.g. cyber/privacy insurance)

• Develops and implements strategic growth opportunities including but not limited value-based services for C3

• Supports CEO in evaluating and negotiating government contracts and changes in policy and payment that may impact the ACO or its member health centers

• Collaborates with health center CFOs to gather information related to these issues and represents policy concerns to EOHHS in coordination with CEOServe as primary executive for the Board Finance, Audit and Investment Committees

• Develops and presents content for the Finance Committee of the Board of Directors and/or the Executive Committee, working with the Chair of the Finance Committee. Documents board decisions related to financial matters including the development of policies

• Serves as President of C3 subsidiaries as needed

Qualifications

• Master’s Degree in Business Administration or related field

Desired

• Familiarity with the MassHealth ACO program

• Familiarity with Federally Qualified Health Centers

• Experience with anti-racism activities, and/or lived experience with racism is highly preferred