JOB SUMMARY:The Vice President of Finance is responsible for the strategic leadership and operational performance of financial functions across the orthopedic hospital system and ambulatory operations.
Reporting to the CEO, the VP of Finance directs financial planning, reporting, and operational finance functions while partnering with clinical and administrative leaders to drive fiscal performance, margin improvement, and long-term sustainability in a complex, highly regulated environment. Key Departments of Finance, Accounting, Materials Management, Information Technology, and Contracts will report to this experienced leader.
The high-performing leader must be capable of building a modern, data-driven finance team that supports long-term organizational growth while also collaborating with internal and external stakeholders to create success. Candidate must be comfortable with the evolving technology landscape and how that will play a critical role in healthcare transformation.
ESSENTIAL DUTIES AND RESPONSIBILITIES:Specific duties and responsibilities include, but are not limited to:Financial Leadership & Strategy- Develop and implement financial strategies that align with the health system's long-term goals.
- Provide leadership in financial planning, forecasting, and risk management.
- Drive initiatives to enhance financial performance and operational efficiency.
- Collaborate with senior leadership to support business development, strategic initiatives, and capital investment decisions.
Financial Operations & Performance Management- Oversee financial reporting, budgeting, revenue cycle management, and cost containment initiatives.
- Analyze financial data and provide insights to support decision-making.
- Ensure strong financial controls and compliance with healthcare regulations.
- Manage payer contract negotiations and reimbursement strategies to maximize revenue.
Regulatory Compliance & Risk Management- Ensure adherence to federal, state, and local regulations, including Medicare and Medicaid guidelines.
- Monitor financial risks and implement mitigation strategies.
- Work with internal and external auditors to ensure compliance with financial reporting standards.
Team Leadership & Development- Lead and mentor multiple departments, fostering a culture of excellence and accountability.
- Build and develop a high-performing team to support successful finance and operations components.
- Promote collaboration across departments to improve financial processes and patient care efficiency.
SUPERVISORY RESPONSIBILITIES:Supervises Director of Budget, Director of Finance, Director of Information Technology, Director of Materials Management, Contracts Administrator, BioMed Lead, and other staff as deemed necessary by CEO.
- Functions as a coach & mentor to the staff for whom this position is responsible.
- Participates in and/or supports the employment process in conjunction with the Human Resources Department.
- Submits requests for staffing needs on a thorough and timely basis, securing all necessary approval(s).
- Participates in the screening/interviewing process, making themself available to meet the candidates' needs to expedite the screening process.
- Participates in and/or supports the Orientation of newly hired staff members.
- Provides and/or oversees the training of newly appointed staff members (to the department).
- Develops and/or maintains on-going training programs/initiatives to enhance skills, knowledge, and productivity of existing employees.
- Participates in training sessions as required and/or deemed necessary.
- Provides leadership and direction to the staff for whom responsible in order to maintain a work environment that promotes the creative development of ideas and allows employees to meet and/or exceed expectations and established standards of performance.
- Establishes the expectations for performance for those staff reporting to this position (and downline), monitors and measures this performance. Addresses concerns or weaknesses and takes appropriate action to ensure issues are resolved. Ensures that staff are working as efficiently, as accurately and as productively as possible.
- Ensures the compliance and/or oversees the compliance with all policies and procedures by staff. Recognizes exemplary compliance. Initiates appropriate corrective action in instances of noncompliance; secures required approvals before addressing with the staff.
- Makes decisions and takes actions essential to the daily operation of the work area(s) for which responsible.
- Maintains or oversees the maintenance of supplies deemed necessary for the efficient operation of the area(s) for which responsible.
- Researches major expenditures (including equipment, supplies and/or systems) and make recommendations to the appropriate member(s) of management for approval to purchase.
EDUCATION:- Bachelor's degree in Finance, Accounting, Business Administration, or a related field (Master's degree preferred).
- CPA, CFA, or HFMA certification is a plus.
EXPERIENCE AND QUALIFICATIONS:- 10+ years of progressive financial leadership experience, preferably in healthcare or hospital finance.
- Strong knowledge of healthcare financial regulations, reimbursement models, and revenue cycle management.
- Proven track record of driving financial performance and cost-saving initiatives.
- Excellent analytical, communication, and leadership skills.
- Experience in managing large-scale budgets in a multi-hospital system preferred.
- Knowledge of value-based care and population health financial strategies preferred.
- Familiarity with healthcare ERP and financial management systems (e.g., Epic, Oracle, Workday) preferred.
BENEFITS INCLUDE: - Competitive Wages
- Medical, Dental, Vision available on the first day of employment
- Disability, and Life Insurance within 90 days
- Company-Paid Group Life Insurance, Short-Term Disability & Long-Term Disability
- Paid Time Off (PTO)
- 401(k) plan and profit sharing
- Career Advancement Opportunities
