Chief Financial Officer

The Company

With 450+ physicians and clinicians and 2,500+ total providers and staff, this privately held, physician-led, multi-specialty medical group is one of the largest in the State of Texas, serving a patient population of 750,000+ at 36 locations across 15 cities in Central Texas.

For the last 44 years, this organization has provided best-in-class, comprehensive, cost-effective care to the patients they serve, with a deep commitment to nurturing each unique doctor/patient relationship along the way. With this deep history of excellence in patient care, it is no surprise they have consistently topped every list of employers of choice in Central Texas, each year, for the last two decades. This organization is also very active and engaged nationally, through advocacy organizations such as AMGA and APG, as well as many local and regional programs and associations engaged in advocacy, organized medicine, research, AI tools, and other contemporary topics, issues, practices, and technologies impacting medicine.

Beyond generous compensation and benefits, this organization offers team members professional development opportunities, opportunity for horizontal and vertical growth, and the opportunity to work alongside well-known industry leaders in an inspiring, innovative environment, resulting in best-in-class employee retention and performance.

The Position

Working on-site at the company’s administrative building in Austin, Texas, and through the support of two direct reports, the Chief Financial Officer is the senior financial authority and a member of the executive team, this position reports directly to the Chief Executive Officer but will work very closely with the Chief Administrative Officer, the Chief Medical Officer and other talented and tenured members of the leadership team. The CFO is responsible for Finance, Accounting, Payroll, Revenue Cycle, and Purchasing. This senior leader will lead and serve as an active participant in strategic planning, finance, management of treasury, revenue cycle, payor contracting, real estate, brainstorming and problem resolution, and financial communication to the executive team and the various Boards. The Chief Financial Officer carries out all duties and responsibilities while maintaining compliance and confidentiality.

Essential functions and responsibilities include the following:

·      Oversight, responsibility and working collaboratively with the finance team leadership around management of treasury, including financial planning, managing financial risks, keeping track of cash flow and expenditures, handling investment and taxation issues, developing and supporting functional internal accounting and financial policies, collecting and managing financial data, reporting financial performance to the executive team and Board of Directors, and sound internal controls to ensure accurate measurement of financial results

·      Oversight and responsibility for managing and implementing programs to ensure operations of the organization’s revenue cycle program generates sufficient cash flow to support operational and strategic initiatives

·      Oversight and responsibility for strategizing and administering all payor contract negotiation, analysis, and compliance activities based on business and financial plans, including negotiation, implementation, monitoring, and evaluation of the payor contractual arrangements

·      Responsibility for stocks in all companies

·      Oversight and co-managing the organization’s real estate portfolio, interacting with and negotiating financing, and working with deployment partners.

·      Providing executive team with reviews of financial status and progress in its various programs and activities

·      Reporting operational results in a timely and consistent manner

·      Recommending major economic strategies, objectives, and policies

·      Responsibility for proper monitoring of charge entry, coding support, insurance claims filing and follow-up, payment and adjustment posting, collections and refunds, and seeking methods to improve processes and outcomes

·      Adhering to all company policies, including, but not limited to, OSHA, HIPAA, compliance, and Code of Conduct

·      Providing management, oversight, and support for two direct reports:

o  Vice President of Finance

o  Vice President of Revenue Cycle

·      Serving as an exemplary steward of the organization’s mission and philosophy

·      Performing other duties as assigned

The Successful Candidate

The Chief Financial Officer is an experienced professional, demonstrating the knowledge, skills, and ability to function as a key executive leader of the organization. These competencies include, but are not limited to, the following:

·      Ability to engage others, listen, and adapt response to meet others’ needs

·      Ability to work on-site at the company’s administrative building in Austin, TX   

·      Bachelor’s degree in accounting, finance, or related field

·      Master’s degree in accounting, finance, or related field

·      CPA (Certified Public Accountant) strongly preferred

·      7 or more years of progressive healthcare financial leadership experience, including:

o  Experience in physician services

o  Experience within investor-owned organizations

·      Good knowledge and abilities in contracting, inclusive of the following:

o  Strong negotiation skills

o  High level knowledge of claims payment/processing methodologies

o  Strong provider relations and customer service skills

o  Knowledge and familiarity with local and national market trends

o  Strong knowledge of managed care nomenclature and various types of provider reimbursement mechanisms, including capitation

o  Patient registration and patient accounting processes

·      Knowledge of Federal and State guidelines associated with pricing of services, government and non-government carriers and follow-up methods, and payor Coordination of Benefits (COB) rules

·      Sound financial skills and experience in financial reporting, forecasting, modeling and analysis, cash flow management, GAAP, internal controls, and auditing procedures

·      Ability to utilize excellent analytical skills, critical thinking, and creativity while collaborating with leaders to shape objectives

·      Excellent written and verbal communication skills and ability to interact professionally with all levels of the organization and with external vendors and patients

·      Proven track record of excellence in leading others, building cohesive and effective teams

·      Demonstrated ability to manage multiple priorities

·      Strong knowledge of Microsoft programs and other business financial and accounting systems

·. Ability to align own actions with those of other team members committed to common goals

·      Experience with consolidations, eliminations, and intercompany accounting, partnership accounting, and real estate accounting in a healthcare environment preferred

·      Ability to understand opposing points of view on highly complex issues and negotiate and integrate different viewpoints

Ability to effectively manage multiple projects and competing demands 

·      Ability to make decisions which have significant impact on the organization’s credibility, operations, and services

·      Ability to rapidly establish credibility and maintain good working relationships with executives, physicians, employees, vendors, and customers

Compensation

The successful candidate will receive a highly competitive compensation package, including benefits availability on the first of the month following 30 days of employment. The compensation package includes, but is not limited to, the following:

·      Competitive salary

·      Incentive compensation

·      Medical, dental, and vision insurance

·      Flexible Spending Accounts

·      Disability income benefits

·      Health and fitness benefits

·      EAP

·      Life Insurance

·      Tuition reimbursement

·      Voluntary insurance benefit products

·      Paid Time Off  

·      401(k) plan with employer match

·      Childcare & sick childcare assistance

·      Fully paid, 24/7 access to the organization’s telemedicine platform (employee & family)