Chief Financial Officer - Spectrum Healthcare - BerryDunn

BerryDunn has partnered with Spectrum Medical Group; a large multi-specialty physician practice, to present a growth opportunity for an experienced and visionary, team-oriented Chief Financial Officer (CFO).  Spectrum is a private practice, 100% physician directed entity that currently includes over 220 physician specialists focused on quality delivery of patient care, and with a commitment to excellence and professionalism.  The Chief Financial Officer (CFO) role is an executive level position providing financial leadership and oversight to the Spectrum Healthcare Partners clinical divisions and related entities, ensuring high quality, compliant financial management. The CFO is a member of the Executive Management Team and provides a financial voice and perspective to operational decision making. Reporting to and working in partnership with the CEO and other members of the Executive Management Team, the CFO provides financial expertise and leadership in strategic planning, growth initiatives, organizational development, continuous improvement, and our approach to efficient, effective business management across the system.

• Provide executive level financial analysis and advice to other members of the executive leadership team, the board of directors, management team, and physician practice managing directors
• Provide financial management oversight, reporting, budgeting, and coordination of tax returns for the Corporation and its subsidiary and related organizations including Spectrum Medical Insurance Company (SMIC), SMG Beacon, Synergy Radiology, Premier Health, Spectrum Realty, Spectrum Management Services Company (SMSC), and CMOASC
• Deliver proactive strategic planning, business plans and financial analysis in support of the company, divisional strategic initiatives, and related entities
• Develop and monitor financial policies, related compliance plans, and tax strategies
• Participate in the financial analysis, modeling, and estimation of all new business development initiatives, divisional operational implementation plans, and strategic activities
• Work closely with the corporation’s chief executive officer, vice president – physician practices and other key administrative and physician leaders on developing a strategic vision that supports the cultivation of various stakeholder relationships at the local, state, and national healthcare level; this includes financial recommendations and negotiation of contracts
• Support new business development by assisting the chief executive officer and other members of the executive team in identifying new revenue opportunities, operating efficiencies, prospective budgets, and determining cost effectiveness of service delivery
• Assess and interpret the financial benefits or liabilities of all prospective contracts or clients in order to advise key administrative executives and physician leadership about important design requirements and implementation matters
• Monitor and advise the corporation with anti-trust or STARK regulations and compliance
• Work closely with the executive management team to ensure financial solvency through cost analysis support and compliance with all contractual or client requirements.
• Oversee the management and coordination of all fiscal reporting activities for the organization.
• Oversee and manage the company’s revenue cycle processes including relationship management with outside billing and collection services
• Construct and monitor reliable internal control systems
• Working with the company’s risk manager, understand and mitigate the company’s risk profile and maintain appropriate insurance coverages
• Monitor and manage cash position; arrange for debt financing and management of various investments
• Manage the employment affairs related to the department of finance, which includes staff recommendations, budgeting, recruitment, supervision, training, and evaluation of the staff
• Responsible for the company’s relationship with federal and state tax authorities and government regulators.

• Develop, supervise, and coordinate all efforts to attain maximum third-party reimbursement activities, including capitated arrangements
• Supervise the preparation of all regulatory reports
• Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits
• Maintain and monitor banking activities of the organization
• Provide welfare, fringe, or retirement plan benefits cost analysis by working closely with the chief human resources officer for proper plan investigation and corporate-wide offerings
• Oversee the production of monthly company and divisional financial monitoring and benchmarking reports
• Working closely with the chief human resources officer, assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for all physicians, clinical, and corporate administrative staff
• Oversee accounts payable and accounts receivable activities and ensure a disaster recovery plan is in place
• Provide administrative oversight regarding the maintenance of inventory of all fixed assets
• Works closely with the vice president - operations in the continued development of the SMSC infrastructure and client activity

• Baccalaureate or master’s degree in a relevant field, financial management, or other appropriate discipline; Certified Public Accountant license preferred
• 5-8 years financial executive management experience, preferably in a healthcare or other related setting
• Demonstrated track record of financial management and leadership skills experience
• Effective interpersonal and communication skills; ability to interact positively and effectively with clinical and non-clinical (administrative and management) personnel
• Confident leader with the highest integrity; team-oriented; leads by example
• Ability to operate/plan strategically and execute tactically
• Performance-driven leadership style with demonstrable experience personally driving or influencing successful results
• Leadership in directing, mentoring, and growing individuals in a team-focused environment
• Exceptional presentation skills with the ability to effectively present information and speak before groups of physicians, employees, and outside groups
• Ability to thrive in a fast-paced, ever-evolving, team setting and enjoy problem solving with others
• Strong communicator with all levels of the organization, customers, and vendors
• Ability to communicate written and verbal ideas in both technical and a user-friendly way
• Thrives under pressure in a complex leadership role with ability to proactively manage competing deadlines
• Excellent interpersonal and customer service skills
• Proven analytical and problem-solving abilities
• Ability to act independently and make decisions as the position requires
• Financial budgeting and planning experience
• Proficient computer skills.

Compensation range:  $250,000-290,000 plus bonus.  This salary range represents a good faith and reasonable estimate of the range of possible compensation at the time of posting. If an applicant possesses experience, education, or other qualifications in excess of the minimum requirements for this posting, that applicant is encouraged to apply, and a final salary range may then be based on those additional qualifications; compensation decisions are dependent on the facts and circumstances of each case. The salary of the finalist selected for this role will be based on a variety of factors, including but not limited to, years of experience, depth of experience, seniority, merit, education, training, and other relevant business considerations.Please forward your resume and cover letter indicating interest to: https://executivefit-berrydunn.icims.com/