Director, Finance (Modesto, CA)

Position Summary

Gould Medical Group, a Central Valley based multi-specialty medical group providing primary and specialty care in both ambulatory and hospital settings, is seeking an experienced Director of Finance. The ideal candidate will serve as a key Financial Advisor to the CEO and Board of Directors to strengthen economic efficiency, viability, resilience, and independence of the medical group, ensuring compliance with regulatory standards.

Responsibilities

• Maintain financial and accounting policies/practices, assuring compliance with GAAP and applicable regulatory standards.
• Facilitates Finance Committee supporting Finance Chair.
• Tracks Medical Group controllable versus non-controllable costs.
• Oversight of physician services as related to compensation, benefits, and GMG operating costs.
• Cost-reduction in non-value-add areas of business.
• Affirm Corporate Practice of Medicine separation and compliance with Foundation.
• Influence-based, collaborative, oversight of Foundation professional/management service agreement assuring services provided are economically reasonable within fair market valuation.
• Participates in joint financial planning and budgeting.
• Partner with Rev-Cycle for charge capture, coding/documentation, denials, and financial performance.
• Oversight of GMG Administrative budget, assuring reasonableness of cost and value, with external benchmarking annually.
• Internal GMG operational budgeting, and tracking.
• Compliance with IRS, CMS, Stark, Anti-kickback guardrails.
• As needed, financial modeling of current and future clinical practices and service lines.
• Analytics as needed.
• Transparent reporting and translation of finances to physician leaders and staff.
• Oversight of insurance coverage layers, focusing on reducing organizational risk, and increasing value.
• PSA participation annually.
• Assures Foundation services are economically reasonable, and do not create "de facto control" over medical decision making and physician compensation.
• Facilitates process for physician/APC compensation, market assessment, and internal equity.
• Participates in value-based care design, capitation, and shared savings.
• Ensure risk contracts improve physician economics rather than shifting financial burden and risk.

Qualifications

• Bachelor’s degree in accounting, finance, or relevant field required.
• Strong knowledge and experience of corporate practice of medicine, Stark, and Antikickback regulations is required.
• Experience with Value based payment models is desired.
• CPA or MBA preferred.
• 10+ years of experience in healthcare finance with progressively responsible management experience.
• 5+ years in leadership role in a large, matrixed organization.
• Proven competence and success in financial operations and strategic planning.
• Experience in physician practice operations and demonstrated record of developing and maintaining working partnerships with physicians.
• Experience in mergers and acquisitions and investor relations.
• Experience presenting to a Board of Directors.