USPI Market Chief Financial Officer - Phoenix

About the role

The Market Chief Financial Officer will oversee the financial performance and integrity of a USPI portfolio of facilities across a "Market" (a collection of USPI regions).

Responsibilities

• Evaluate daily and weekly operating results to ensure that revenues, expenses, and labor are within targets; inform facility leadership of needed improvements in a timely manner.
• Establish and maintain sound financial controls and record keeping, including approving labor and non-labor financial expenditures up to an established level.
• Continuously monitor facilities' overall financial position relative to budget expectations, participate in operating reviews and earnings optimization plan development as well as implementation.
• Interface with appropriate departments in the review of key budget assumptions as well as routine reviews to ensure appropriate utilization of resources that impact financial performance.
• Prepare financial forecasts and monitor performance versus budget; consolidate results, develop rolling 90-day forecasts with facility accounting support, and implement cash management controls.
• Prepare mid-month projects for the respective regions and drive actionable tactics to pivot and improve overall margins.
• Coincide with other senior members of the leadership team in the development of major strategic and financial plans, including capital expenditure programs.
• Review, evaluate, and ensure the effectiveness of all financial systems and processes across facilities. Direct the development and implementation of new policies and procedures as required.
• Assist in the development of new business by analyzing the feasibility of new programs, including managed care contracts, and advise management of the financial prospects.
• Keep abreast of government regulatory requirements and the rapidly changing reimbursement environment to develop and implement changes to policies and procedures as needed.
• Attend promptly to the administrative details of the position including the signing of documents, preparation of reports, completion of performance appraisals and other employee-related actions.
• Ensure that the financial operations of the facility are carried out in an ethical, compliant, and responsible manner.
• Ensure the continued financial education and reporting to our existing partnerships.
• Has a track-record of delivering year over year improved financial performance in a complex, matrix organization.
• Establishes realistic and aggressive financial goals, targets, and metrics consistent with corporate, market and facility priorities across core operations finance areas including but not limited to volume / acuity, revenue cycle performance, expense management.
• Sets and maintains fiscal year pace and rigor for facility management with a high degree of financial operational excellence (e.g., planning, contracts, forecasting, cash management).
• Effectively gauges external factors and trends to provide a forward-looking perspective when creating business strategy and forecasting.
• Demonstrates business and analytical skills to identify gaps in the current business plan and actively refreshes the financial outlook and strategy as needed (e.g., case management, staff/volume adjustment, net revenue management).
• Acts as full partner at facility, market and corporate level in pursuit of earnings optimization opportunities across revenue integrity, volume and service line growth, and cost efficiency.
• Actively engages facility leadership and physicians in improving short- and long-term results (e.g., facility earnings improvement plans, labor management, supply management efficiency, capital prioritization and vetting, reporting systems etc.).
• Demonstrates excellence in engagement and communications, with a highly visible leadership approach, that results in financial understanding and “ownership” at all levels across markets.
• Maintain high quality standards (e.g., oversee preparation of financial statements and business plans; ensures optimal internal audits with no Sarbanes-Oxley items; maintains and addresses monthly internal control checklist).

Qualifications

• Education: A Bachelor’s degree in Business, or appropriately relevant field, is required. A Master’s degree in Business, Healthcare Administration or Public Health is highly preferred. A CPA designation is highly preferred.
• Experience: Minimum of at least 5-7 years of experience in the healthcare/hospital industry in progressive finance role with knowledge of the industry dynamics, financial planning and core operations finance processes.
• Other requirements: Exhibited success in a finance leadership role in healthcare, proven experience in using data to drive financial and operational improvement, skilled at team building and has a track-record of being a collaborative and effective manager, possesses and demonstrates excellent organizational, interpersonal, and communication skills, capacity to work independently with minimal supervision, ability to accommodate moderate travel to facilities, depending on need.