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Vice President of Financial Strategy

2 months ago

Orlando, Florida, United States Health First Full time

POSITION SUMMARY

The Vice President of Financial Strategy is responsible for delivering comprehensive financial guidance to all stakeholders within the organization. This role ensures the financial sustainability of Health First, Inc. and its subsidiaries. Key responsibilities encompass finance, investment strategies, cash flow management, budgeting, debt oversight, reimbursement processes, reporting systems, rate establishment, financial advisory, auditing, board interactions, managed care agreements, revenue cycle optimization, and mergers and acquisitions.

PRIMARY ACCOUNTABILITIES

  • Offer expert advice and support to Administration, Board of Directors, Medical Staff, and the Organization regarding all financial aspects impacting operations.
  • Oversee and coordinate the functions of the Finance, Patient Business Services, Decision Support, Managed Care, Health First Physicians Finance, Health First Health Plans Finance, and Health Information Management departments.
  • Evaluate, plan, and supervise the data collection and reporting system requirements, ensuring effective information flow.
  • Execute tasks as delegated by the President/Chief Executive Officer.
  • Manage General Accounting, Billing and Collections, Accounts Payable, Financial Statement Preparation and Presentation, Board Relations regarding financial matters, Treasury Operations, Investment Decisions, Budget Development, Internal Audits, Pro-forma Presentations, Financial Analysis of ventures, Insurance and Risk Management recommendations, and Revenue Cycle Management.
  • Devise and implement investment and cash management strategies to maximize returns on liquid assets, funded depreciation accounts, unrestricted investments, and trustee funds.
  • Establish, assess, and execute the rate-setting process to enhance third-party reimbursement and ensure compliance with regulatory bodies.
  • Monitor actual performance against budgeted revenue to maintain adherence to established guidelines and make necessary adjustments.
  • Foster close collaboration with Directors of Finance, Utilization Management, Management Information Systems, and Patient Business Services to optimize reimbursement from Medicare and Medicaid.

LEADERSHIP ACCOUNTABILITIES

  • Articulate and share a clear, compelling vision for the team that aligns with the mission and vision of Health First, motivating the team to achieve this vision.
  • Provide leadership, encouragement, coaching, feedback, and support to nurture the growth and development of a high-performing team.
  • Drive change through effective communication, clarifying connections and value to the organization, fostering commitment.
  • Encourage diverse ideas and thoughts, promoting inclusivity and collaboration across teams to achieve organizational goals.
  • Recruit, develop, and retain a diverse and engaged workforce.
  • Exhibit strong strategic and financial insight in alignment with the organization's objectives.