Vice President of Finance

Aligned Modern Health • Chicago, IL

4d • $175,000 - $200,000

About The Position

Aligned Modern Health is creating a new standard of healthcare. As the largest evidence-based holistic healthcare practice in the Midwest, we operate 16 clinics across Chicago with a rapidly expanding telehealth practice that is currently serving patients in 20+ states and growing.
Our collaborative team of over 100 doctors, nurse practitioners, and clinicians provide personalized care for men, women and children across functional medicine, bioidentical human replacement therapy and testosterone replacement therapy, clinical nutrition, chiropractic care, rehabilitation and massage therapy, and acupuncture.
Using advanced diagnostics, expert-led care and individualized treatments we go beyond symptom relief to target the root causes of nagging symptoms and chronic conditions. Whether supporting gut health, fertility, thyroid and hormonal balance, autoimmune conditions, musculoskeletal pain, headaches, heart health, stress and mood disorders, weight management and a range of unresolved or undiagnosed conditions, Aligned Modern Health treats the whole person with strong doctor-patient relationships and proven clinical outcomes – empowering lasting well-being and long-term health.
To learn more about us, please visit our website at www.alignedmodernhealth.com.
Position Summary:
Aligned Modern Health (“AMH”) is seeking a Vice President of Finance with healthcare experience to join its growing team. Reporting to the Chief Executive Officer, the primary responsibilities of the position are to manage the financial analysis, reporting and revenue cycle operations at AMH. The ideal candidate will be professional, team-oriented, committed to living our values with a strong desire to play a central leadership role in an innovative and growth-stage healthcare company operating in one of the fastest growing sectors of healthcare. The role pays $175,000-$200,000 depending on experience, plus bonus potential and ownership shares.

Requirements

• Bachelor Degree in Accounting or Finance, MBA or CPA preferred
• Healthcare experience required
• 10+ years total accounting or finance experience, 4+ years in a leadership capacity
• Outstanding knowledge and understanding of GAAP, IFRS, SOX compliance
• Background coordinating with IT staff to manage and/or upgrade accounting and reporting system. Experience with PowerBI (or other visualization tools) strongly preferred
• Outstanding communication and presentation skills
• Demonstrated leadership ability, confidence and executive presence – ability to motivate staff
• Excellent analytical, reasoning and problem-solving skills
• Significant experience working with external auditors, internal controls and compliance-related issues

Responsibilities

• Acts as a strategic business partner to senior executive leadership team and AMH Board
• Creates and establishes yearly financial budget and objectives that align with AMH’s plan for growth and expansion
• Assesses and evaluates financial performance of AMH with regard to operational goals and budgets
• Provides insight and recommendations to both short-term and long-term growth plan of AMH
• Identifies, acquires and implements systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency
• Communicates, engages and interacts with Board of Directors, Chief Executive Officer, Chief Marketing Officer and Executive Leadership Team
• Creates the annual financial plan for the organization as well as updated forecasts as needed
• Prepares and presents monthly financial budgeting reports including monthly profit and loss, actual vs. budget and weekly cash flow
• Reviews and analyzes monthly financial results and provide insight and recommendations
• Identifies, develops and executes analysis of business initiatives, product launches and/or new service offerings
• Supervises creation of reports, software implementation and tools for budgeting and analysis
• Participates and leads in weekly conference calls with Vendors, Auditors and Executive Leadership Team
• Supervises the accounting team to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Reviews and ensures application of appropriate internal controls, compliance and financial procedures
• Ensures timeliness and accuracy of financial and management reporting data for investors and company’s board of directors
• Oversees the preparation and communication of weekly, monthly and annual financial statements
• Oversees the preparation and timely filing of all local, state and federal tax returns
• Ensures appropriate compliance regarding all financial functions
• Works with Human Resources to ensure appropriate legal compliance and accurate payroll execution
• Oversees the month-end close process, constantly reviewing procedures while eliminating inefficiencies
• Manages the preparation of monthly, quarterly and annual financial statements
• Reviews all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation
• Serves as a key point of contact for external auditors; Manages preparation and support of all external audits
• Manages the 3rd party IT provider to ensure appropriate compliance, equipment is approved, maintained and tracked and licenses are reconciled
• Selects and engages consultants, auditors and investors
• Recruits accounting, revenue cycle and payroll staff as required
• Oversees the Director of Revenue Cycle
• Oversees the implementation of processes surrounding pricing, billing, third party payor relationships, compliance, collections and other revenue cycle functions.
• Ensures proper oversight of the third-party billing vendor relationship.
• Manage executive level relationship with EMR vendor.
• Analyzes revenue cycle performance and trends in denials, accounts receivable, coding, charge entry, etc.
• Oversee Patient Advocate team, ensuring process improvement and efficiencies continue to enable the team to support additional growth volume.
• Engages Board of Directors to develop short-term and long-term plans, projections and budgets
• Represents company to banks, financial partners, institutions, investors, public auditors and officials
• Remains current on audit best practices as well as state, federal and local laws regarding company operations
• Oversees weekly cash management, AR and AP Departments, approves large payables, signs checks, authorize large wires and ACHs
• Supervises Accounts Receivable management and provide guidance relating to the collection process
• Does weekly cash reporting and 13-week cash forecasting
• Manages cash flow planning process and ensures funds availability
• Oversees cash, investments and asset management area
• Explores new investment opportunities and provide recommendations on potential returns and risks
• Maintains outstanding banking relationships and strategic alliances with vendors and business partners
• Utilizes forward-looking models and activity-based analyses to provide financial insight into AMH’s plans and operating budgets
• Oversee internal metrics reporting (Excel and PowerBI), including supervising staff and consultants on building out dashboards and sharing KPIs with the broader teams
• Oversee regulatory and risk management (licenses, insurance and broker relationships) processes

Benefits

• Opportunity to be an important contributor to an exciting, rapidly growing company focused on driving positive change in healthcare.
• Fun and authentic culture with an outstanding team dedicated to patient care.

What This Job Offers

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