Chief Financial Officer, Medical Group Services

Lifepoint Health • Brentwood, TN

11d

About The Position

The Division CFO will oversee the financial operations of the division, providing financial leadership and operational oversight for all financial functions within Medical Group Services, ensuring the achievement of budgets and metrics through a culture of accountability. This role requires a strategic thinker with strong leadership skills to drive financial performance and support the division's growth objectives and ensures enhanced financial stewardship, oversees revenue cycle operations, drives collaboration with managed care strategies and other business services, and partners closely with leadership across the organization.

Requirements

• Bachelor's degree (Masters Preferred) in Finance, Accounting, or a related field; MBA or CPA preferred.
• Minimum of 15 years of progressive financial leadership experience in healthcare required.
• Proven track record of managing budgets and achieving financial metrics.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to lead and develop a high-performing team.
• High level experience with financial software and systems
• You must be authorized to work in the United States without employer sponsorship.

Nice To Haves

• MBA or CPA preferred.
• Certified Public Accountant (CPA) Certification Preferred.
• Certified Public Accountant (CPA) License Preferred.

Responsibilities

• Provide strategic financial leadership and direction to the division, ensuring alignment with overall corporate goals.
• Provide oversight and leadership on financial controls, month-end financial close, and budget preparation process. This includes preparing, delivering high detail reports to division and company leaders with ability to provide financial recommendations and explanations.
• Responsible for developing, driving and executing strategic operational and financial operations initiatives for the Division.
• Provide financial analysis to President of Medical Group Services, other medical group services operational leaders, Acute Division CEO/CFO and Facility Leadership, in support of operational considerations.
• Responsible for front and back-end revenue cycle operations including oversight of internal CBO operations and revenue cycle IT/operational vendor partners.
• Lead the budgeting and forecasting processes, ensuring accurate and timely financial planning.
• Oversee revenue cycle functions to maximize efficiency and cash flow across Medical Group Services.
• Develop and monitor key performance indicators for revenue cycle effectiveness.
• Develop and implement financial metrics to monitor performance and drive accountability across the division.
• Create an environment of accountability in achieving budgeted metrics and/or targets.
• Work closely with managed care teams to analyze payer strategies.
• Ensure alignment between managed care initiatives and financial goals to enhance reimbursement rates and payer mix.
• Responsible for collaborating with HSC managed care services to make operational decisions related to physician payor contracting.
• Coordinate with LBS functions to streamline financial operations.
• Oversee the preparation and presentation of financial reports, ensuring compliance with regulatory requirements and internal policies.
• Identify and manage financial risks, implementing strategies to mitigate potential impacts.
• Ensure accurate financial reporting, including audit and SOX compliance.
• Foster a high-performing finance team, promoting a culture of accountability, collaboration, and continuous improvement.
• Identify opportunities for financial operations improvement and/or increased compliance with established financial controls.
• Communicate financial performance and strategic initiatives to key stakeholders, including the executive team and board of directors.
• Have an active role and shared governance in payor enrollment process.
• Drive cost management initiatives and identify opportunities for operational efficiencies to enhance profitability.
• Assume a lead role in analyzing and exploring means of reducing operating costs and increasing revenues based on knowledge of market trends, financial reports, and operating procedures.

Benefits

• Multiple levels of medical, dental and vision coverage for full-time and part-time employees.
• Life, accident, critical illness, hospital indemnity insurance, short- and long-term disability, paid family leave and paid time off.
• Higher education and certification tuition assistance, loan assistance and 401(k) retirement package and company match.
• Mental, physical, and financial wellness programs (free gym memberships, virtual care appointments, mental health services and discount programs).
• Ongoing learning and career advancement opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive