Market Chief Financial Officer – Desert Care Network

Conifer Health Solutions•Palm Springs, CA

20d

About The Position

The Market Chief Financial Officer (CFO) for Desert Care Network is responsible for safeguarding facility assets and ensuring that financial statements, books, and records are prepared and maintained in accordance with GAAP. The CFO ensures compliance with company financial and accounting policies and procedures, and that internal controls are appropriately designed, effective, and routinely monitored. As a member of the Facility A-Team and facility and market management teams, the CFO participates in developing and implementing strategic business plans and communicates with internal and external stakeholders, including regulatory bodies. The role identifies and independently assesses financial risks, establishes and monitors mitigation plans, and communicates financial risks and opportunities to the Group Chief Executive Officer and Facility Chief Executive Officer. It monitors financial performance, forecasts, budgeting, revenue cycle operations, and capital investments, and collaborates with home office functions and facility leaders to improve financial results. The CFO also leads financial operations and supports the development of new business opportunities across the facilities. The position calls for a visible, collaborative healthcare finance leader who can shape strategy, apply financial insights, drive organizational performance, and develop talent. The CFO is expected to uphold high ethical standards, build consensus across teams, communicate complex financial and operational matters clearly, and help the organization deliver quality care and service. The stated annual pay range is $230,000–$330,000. Compensation depends on location, qualifications, and experience. The role may be eligible for an annual incentive plan bonus of 10%–50%, depending on role level; management-level positions may be eligible for sign-on and relocation bonuses.

Requirements

At least 10 years of progressive financial healthcare or equivalent experience, including general accounting, operations, financial systems, financial statement preparation and analysis, multidisciplinary management, and ethics.
Bachelor’s degree in finance or accounting.
Substantial financial management experience in financial operations, strategic and financial planning, contracts, reimbursement, budgeting, and capital financing in a complex environment.
Successful experience as a Chief Financial Officer in a highly competitive market.
Participation in and supervisory experience with managed care contract negotiations.
Referenceable track record in facility finance, including identifying issues and making decisions that improve financial performance.
Thorough understanding of healthcare trends and the ability to anticipate opportunities.
Strong organizational skills and the ability to prioritize workload and manage financial activities.
Resilience and ability to work successfully under pressure.
Ability to explain complex finance, operational, and compliance issues in terms readily understood throughout the organization.
Ability to build consensus and support across functional lines and collaborate with people who have competing priorities.
Ability to translate organizational vision and mission into a focused financial strategy and practical plans.
High personal and professional integrity, sound judgment, and credibility with peers, senior leadership, and medical staff.
Active listening skills, ability to encourage input, provide clear direction, and maintain ongoing dialogue with employees.
Excellent oral and written presentation skills.
Articulate communication, conversational ability, and a gracious demeanor.
Ability to work collaboratively with people critical to executing financial responsibilities.

Nice To Haves

MBA, MHA, and/or CPA designation.
Eligibility for an annual incentive plan bonus of 10%–50%, depending on role level; management-level positions may be eligible for sign-on and relocation bonuses.

Responsibilities

Safeguard facility assets and ensure financial statements, books, and records are maintained in accordance with GAAP.
Ensure compliance with company financial and accounting policies and procedures, and monitor the design and operation of internal controls.
Identify and independently assess financial risks, establish and monitor mitigation plans, and communicate financial risks and opportunities to the Group Chief Executive Officer and Facility Chief Executive Officer.
Monitor financial performance and maintain appropriate financial plans and forecasts.
Collaborate with home office departments, including Compliance, Accounting/Financial Reporting, Information Systems, Internal Audit, Legal, and Treasury.
Monitor revenue cycle operations and work with stakeholders to improve rate setting, charge capture, managed care negotiations, and cash collections.
Evaluate capital projects and their financial impact and return on investment, and manage capital spending in line with cash flow projections.
Analyze daily operating results to ensure revenues, expenses, and labor are within budget; advise department leaders and administration about needed changes and improvements.
Establish and maintain financial controls and records, and approve expenditures up to the level established by the CEO.
Monitor government regulatory requirements and reimbursement changes, and develop and implement policy and procedure changes as needed.
Ensure facility financial operations are conducted ethically and responsibly.
Establish and monitor the annual operating budget in accordance with sound budgeting principles and home office guidelines.
Work with Human Resources and other departments to prepare workforce plans and salary and benefit proposals.
Evaluate the facilities’ financial position and prepare periodic financial and operating reports.
Maintain consistent and accurate financial, accounting, and reporting processes across the facilities.
Prepare financial forecasts, monitor performance against budget, consolidate results, prepare rolling 90-day forecasts, and implement cash management controls.
Coordinate with senior leadership on strategic and financial plans, including capital expenditure programs.
Review and ensure the effectiveness of facility financial and accounting systems; direct the development and implementation of systems, policies, and procedures as needed.
Analyze the feasibility of new programs and businesses, including managed care contracts, and advise management on financial prospects.
Complete administrative responsibilities, including signing documents, preparing reports, conducting performance appraisals, and handling other employee-related actions.
Partner with facility, market, and home office leaders to pursue revenue generation, improve financial performance, and develop financial strategy.
Set financial goals, targets, and metrics; analyze results; and recommend or execute corrective action.
Provide coaching, feedback, and professional development guidance, and support talent assessment and succession planning.