Chief Financial Officer, Physician Services

Lifepoint Health • Brentwood, TN

11d • Onsite

About The Position

The Chief Financial Officer, Physician Practice Management, oversees the division’s financial operations and provides financial leadership and operational oversight for all financial functions within Physician Practice Management (Physician Services). The role is accountable for achieving budgets and metrics through a culture of accountability and supports the division’s growth objectives through financial stewardship, revenue cycle oversight, collaboration on managed care strategies, and partnership with leaders across the organization.

The CFO provides strategic financial direction, oversees financial controls, month-end close, budgeting, forecasting, and reporting, and develops initiatives to improve financial and operational performance. The role leads revenue cycle operations, works with managed care teams on payer strategies and contracting, coordinates with Lifepoint Business Services, and ensures accurate, compliant financial reporting. The CFO also manages financial risks, develops and leads the finance team, communicates results and strategy to stakeholders, and identifies cost-management and revenue-growth opportunities. The position is onsite in Brentwood, Tennessee.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related field.
• At least 15 years of progressive financial leadership experience in healthcare.
• Experience as a CFO in healthcare.
• 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.
• Authorization to work in the United States without employer sponsorship.

Nice To Haves

• Master’s degree preferred.
• MBA or CPA preferred.
• Experience as CFO in Physician Practice Management highly preferred.
• CPA certification preferred.
• CPA license preferred.

Responsibilities

• Provide strategic financial leadership and direction for the division in alignment with corporate goals.
• Oversee financial controls, month-end close, and budget preparation, and prepare and deliver detailed reports with financial recommendations and explanations.
• Develop, drive, and execute strategic operational and financial initiatives for the division.
• Provide financial analysis to the President of Physician Services, medical group operational leaders, Acute Division CEO/CFO, and facility leadership.
• Oversee front- and back-end revenue cycle operations, including internal CBO operations and revenue cycle IT and operational vendor partners.
• Lead budgeting and forecasting processes to ensure accurate and timely financial planning.
• Oversee revenue cycle functions to improve efficiency and cash flow across Physician Services.
• Develop and monitor revenue cycle performance indicators and financial metrics; promote accountability for budgeted metrics and targets.
• Work with managed care teams to analyze payer strategies and align managed care initiatives with financial goals, reimbursement rates, and payer mix.
• Collaborate with Health Support Center managed care services on operational decisions related to physician payer contracting.
• Coordinate with Lifepoint Business Services functions to streamline financial operations.
• Oversee preparation and presentation of financial reports and ensure compliance with regulatory requirements and internal policies.
• Identify and manage financial risks and implement mitigation strategies.
• Ensure accurate financial reporting, including audit and SOX compliance.
• Foster a high-performing finance team and promote accountability, collaboration, and continuous improvement.
• Identify opportunities to improve financial operations and compliance with established financial controls.
• Communicate financial performance and strategic initiatives to key stakeholders, including the executive team and board of directors.
• Participate actively in shared governance of the payer enrollment process.
• Drive cost-management initiatives and identify operational efficiencies to enhance profitability.
• Lead analysis of opportunities to reduce operating costs and increase revenue using 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, and hospital indemnity insurance.
• Short- and long-term disability coverage.
• Paid family leave and paid time off.
• Higher education and certification tuition assistance.
• Loan assistance.
• 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