Practice Executive

Position: LRFP Practice Executive

Department: Management

FLSA Status: Exempt

Reports To: Executive Vice President of Clinical Operations

JOB DESCRIPTION

JOB SUMMARY: The LRFP Practice Executive will provide leadership in the areas of practice finance/revenue management, business, operations, and strategic planning. The position is responsible for developing business solutions that will advance practice performance and outcomes. The Practice Executive serves as a liaison between the managing partners, physicians, and clinic leadership as well as the EngageMED services.

Supervisory Responsibilities:

• Oversee the ongoing operations of LRFP.
• Manages and directs LRFP toward its primary goals and objectives.
• Oversee employment decisions.

Duties/Responsibilities:

·        Strategy: Assists physicians in the development of high priority initiatives and strategic opportunities. Leads assigned strategy initiatives and meetings.

·        Business Solutions: Utilizes knowledge of business principles and practices to position LRFP for the future.

·        Marketing: Plans and oversees innovative marketing initiatives.

·        Compliance: Ensures the practices adhere to all applicable laws, regulations, and accreditation standards.

·        Financial Management: Manages budgets, revenue, and expenses, ensuring financial stability, profitability, and growth of the practices.

·        Operations: Ensures that an adequate organizational structure is in place to accommodate effective business, operations, and quality. Provides for the proper delegation of authority and responsibility throughout the enterprise.

·        Communication: Acts as a liaison between the practices and various service lines at EngageMED such as revenue cycle, IT, Software Support, and People Services.

·        Ensures that an adequate organizational structure is in place to accommodate effective operations.

·        Other duties as assigned.

Required Skills/Abilities:

·        Excellent managerial and financial skills.

·        Superlative communication skills, particularly the ability to communicate as a leader.

·        Thorough understanding of management and financial practices of business operations.

·        Bachelor’s degree in business, healthcare administration, accounting, or related field.

·        Minimum of five or more years of experience as a senior leader in the healthcare industry, preferably, in an ambulatory care setting.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.
• Must be able to navigate various departments of the organization’s physical premises.

OTHER KEY SKILLS:

• Team player - possess a positive attitude and demonstrate honesty and integrity in all endeavors.
• Ability to understand, apply and analyze financial data.
• Strong work ethic with the ability to self-start and work independently or as part of a diverse team.
• Detail oriented and organized with the ability to easily identify areas that require improvement.