POSITION SUMMARY:The Chief Financial Officer (CEO) will serve as a key member of the executive leadership team, responsible for overseeing all financial operations of the practice. This role ensures financial stability, supports strategic growth, and maintains compliance with healthcare regulations. The CFO will provide financial insights to guide decision-making and optimize operational efficiency in a dynamic healthcare environment.
KEY RESPONSIBILITIES:- Financial Strategy & Planning: Develop and implement financial strategies aligned with the practice's goals; Provide financial forecasting, budgeting, and long-term planning.
- Accounting & Reporting: Oversee preparation of accurate financial statements and reports; Ensure compliance with GAAP and healthcare-specific financial regulations.
- Revenue Cycle Management: Monitor billing, collections, and reimbursement processes to maximize revenue; Collaborate with clinical and administrative teams to optimize payer contracts and coding compliance.
- Risk Management & Compliance: Maintain internal controls to safeguard assets and ensure regulatory compliance; Manage audits and liaise with external auditors and regulatory bodies.
- Leadership & Collaboration: Advise the COO and partners on financial performance and strategic initiatives; Lead and mentor finance and accounting staff; Collaborate with outside accounting team.
CORE COMPENTENCIES AND EXPECTATIONS:- Excellent interpersonal skills to deal effectively with clinicians, patients, administrators and auxiliary personnel
- Knowledge of accounting and finance basics
- Knowledge of electronic medical records systems and basic medical billing and coding
- Knowledge of HIPAA guidelines
- Ability to prioritize quickly and appropriately
- Meticulous attention to detail
- Supports team patient care effort
- Superior and effective communication to interact positively with many diverse individuals.
- Exceptional organizational and time management skills to manage multiple priorities and to independently manage workflow while remaining professional and calm
- First-line problem solving skills with the ability to listen, understand, and solve or escalate provider issues
- Ability to communicate effectively and professionally through oral and written communication
Education and Experience: - Bachelor's degree in Business Administration, Healthcare Administration, Finance or Accounting is required; Master's degree preferred
- Minimum 8-10 years of experience in healthcare and financial management, including at least 5 years in a managerial capacity with experience coaching, developing, and managing staff
- Current BLS certification
Schedule: - Full time
- May require weekend work, as needed
WORKING ENVIRONMENT:- Physical demands:
- The position may involve sitting for long periods of time, standing, bending, and stooping.
- Responsibilities may also require the incumbent to travel between SDCC offices for support purposes.
- Working Conditions:
- Ability to function in a fast-paced/high stress healthcare office environment, which may involve dealing with a high traffic volume of people and stressful situations requiring the ability to think clearly; respond quickly; and to be able to perform multiple tasks simultaneously.
Flexibility: While this Job Description is meant to provide an overview and specific responsibilities for the Chief Financial Officer, SDCC's Board of Directors reserves the right to make changes, adjustments and revisions, as needed, to this document and will coordinate such modifications with the SDCC Executive team.
