Job Description
•Administers the general accounting, financial, and statistical reporting functions of the Medical Group in accordance with established policies and accounting procedures.
•Administers the physician compensation program in accordance with the contract parameters.
•Develops the annual budget for the Medical Group in accordance with short and long-range plans of the Medical Group and Health System.
•Continuously review internal controls in the Medical Group and implement enhancements where indicated.
•Trains subordinates in the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
•Assists the VP of Physician Services and Hospital CFO in the development of long and short-range operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses.
•Prepares cash flow analyses and budget variance analyses.
•Assists with month end closing as needed.
•Monitors, interprets, and analyzes Medical Group financial performance in realizing established plans and objectives of the hospital.
•Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
•Directs the preparation of internal financial reports including work papers for annual financial audit.
•Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
•Assumes a lead role in analyzing and exploring means of reducing Medical Group operating costs and increasing revenues based on knowledge of market trends, financial reports, and operating procedures.
•Responsible for direction and submission on a timely basis all financial data and associated reports required by government and other regulated agencies, public disclosure reports and third-party payor cost reports.
•Analyzes, accesses, and implements cost accounting rules utilizing appropriate methodologies to accurately capture and maintain procedural costs for Medical Group operations.
•Educates internal and external customers on the methodologies behind cost accounting data and appropriate usage.
•Directs financial reporting and analysis utilizing decision support data.
•Responsible for monthly operating report summary working with VP Physician Services and practice operations team.
Qualifications - External
•Bachelor's degree in accounting or finance and the knowledge of generally accepted accounting principles, and verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
•CPA and/or master's degree strongly preferred.
• A minimum of three (3) years of experience as the senior financial executive in an medical group setting.
•Minimum of three (3) years of progressive management experience in an investor-owned healthcare organization Required
•Must be a strong, hands-on, and approachable leader who understands the value of being a team-player and have an outgoing and friendly personality.
•Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee satisfaction high.