Chief Financial Officer

Job Description: Chief Financial Officer (CFO)

Company: Brevard Physician Associates (BPA)

Location: Melbourne, FL

Reports To: Chief Executive Officer (CEO)

Position Summary

Brevard Physician Associates (BPA) is a premier, privately owned multi-specialty physician group providing hospital-based services in Anesthesia, Emergency Medicine, Diagnostic Radiology, and Interventional Radiology throughout Brevard County Florida.

This role requires a seasoned healthcare financial executive with a proven track record of navigating complex revenue cycles, managed care negotiations, and physician-led governance. As an accomplished financial architect, the CFO will skillfully navigate the intricacies of healthcare contracting and partnership nuances, serving as a strategic partner to the CEO and Board of Directors to ensure long-term fiscal health and transparency for our physician-shareholders.

Key Responsibilities (Strategic Oversight)

Financial Strategy & Subsidy Modeling

• Advanced Forecasting: Utilize the financial data provided by the Finance Team to build multi-year growth strategies and capital allocation models.
• Subsidy & Stipend Negotiation: Serve as the lead financial advisor in stipend and subsidy negotiations, ensuring coverage agreements are pro-actively modeled for maximum viability.
• Corporate Development: Identify and model financial support needs and opportunities for service line expansion or joint ventures.
• Capital Allocation: Lead enterprise capital allocation strategy, including evaluation of ROI for growth initiatives, staffing models, technology investments, and service line expansion.
• Investment Discipline: Ensure investment decisions align with long-term physician shareholder value and risk tolerance.

High-Level RCM & Managed Care Strategy

• Contractual Oversight: While the Controller manages the daily billing vendor relationship, the CFO leads the strategy and contract negotiations with those vendors.
• Payer Negotiations: Lead the strategy for Managed Care contracting, leveraging billing trends to secure favorable reimbursement rates and payer mix optimization.
• Regulatory Risk: High-level monitoring of legislative impacts (e.g., No Surprises Act and annual Medicare cuts) on the group's revenue.

Physician Compensation & Equity Governance

• Plan Design: Design and refine specialized physician compensation models to ensure they drive clinical performance while maintaining FMV compliance.
• Shareholder Financials: Oversee the strategic management of partner distributions and equity buy-in/buy-out structures.

Fiduciary Leadership & Benefits Strategy

• Retirement Governance: Act as the primary fiduciary for BPA’s 401(k) Plan, ensuring ERISA compliance and optimal plan design.
• Benefit Sustainability: Collaborate with HR to ensure the overall cost of health and welfare benefits is sustainable and competitive.
• Financial Representative: Act as BPA’s primary financial representative to banks, auditors, legal counsel, benefit advisors, and other external partners.
• Relationship Management: Lead negotiations and relationship management with external financial stakeholders as required.

Executive Team Leadership

• Department Oversight: Provide mentorship and executive guidance to the Controller and the internal accounting/payroll team.
• Board Communication: Serve as the lead financial representative at Board meetings and Finance Committee meetings, translating tactical data into strategic narratives for physician-owners.

Financial Risk & Liquidity Management

• Financial Risk Management: Maintain oversight of BPA’s balance sheet, liquidity position, and reserves to ensure financial resilience under varying subsidy, reimbursement, and staffing scenarios.
• Alternative Financial Modeling: Develop downside, stress‑test, and contingency financial models to support executive and Board decision‑making.
• Compliance Oversight: Ensure strong internal financial controls, audit readiness, and compliance with applicable healthcare, tax, and regulatory requirements.

Financial Insights & Systems Leadership

• Systems Integration: Oversee the integrity, accuracy, and alignment of financial data across accounting, RCM, payroll, and operational systems.
• Financial Tools: Drive the development of financial dashboards, KPIs, and forecasting tools that support timely, data-driven executive and physician-owner decisions.
• Financial Systems Oversight: Lead selection, implementation, and optimization of enterprise financial systems as needed.

Qualifications

• Education: MBA/MHA in Finance or Accounting required; active CPA license highly desirable.
• Experience: 12 years of progressive financial leadership, specifically within a physician-owned group, or hospital-based medical group.
• Specialized Expertise: Mastery of healthcare subsidy modeling, managed care negotiation, and partnership-style (PLLC) financial structures.
• Technical Proficiency: Experience with enterprise-level financial platforms and HRIS/Payroll systems (e.g., UKG Pro).