What are the responsibilities and job description for the Senior Director of Finance - Physician Practices position at Novamed?
Job Details
Description
This is a hybrid position based at our corporate office in Brentwood, TN, with on-site work required Monday through Wednesday.
Responsibilities
Financial strategy and leadership
Description
This is a hybrid position based at our corporate office in Brentwood, TN, with on-site work required Monday through Wednesday.
Responsibilities
Financial strategy and leadership
- Provide executive oversight of financial strategy and performance across a multi-site physician practice platform.
- Serve as a strategic partner to executive, operational, and physician leadership to drive sustainable growth and profitability.
- Lead long-range financial planning, budgeting, and forecasting for physician practices, including provider ramp models and capacity planning.
- Oversee development and standardization of physician practice financial reporting, dashboards, KPIs, and benchmarking tools.
- Monitor and optimize key performance drivers, including provider productivity (wRVUs), collections per wRVU, payer mix, staffing ratios, and expense per encounter.
- Act as executive sponsor for physician practice data and analytics capabilities, including EHR-based productivity reporting and advanced financial analytics.
- Lead the design, modeling, and enhancement of provider compensation plans.
- Ensure compensation structures align with organizational strategy, market competitiveness, and regulatory requirements (Stark Law, Anti-Kickback Statute).
- Partner with compliance and legal teams to maintain adherence to applicable healthcare regulations.
- Provide executive oversight of budgeting, forecasting, and financial performance management.
- Ensure integrity and consistency of financial reporting systems and processes, including General Ledger and financial consolidation tools (e.g., OneStream).
- Ensure compliance with GAAP, SOX, and internal controls.
- Lead financial diligence and transaction support for physician practice acquisitions, joint ventures, and partnerships.
- Support valuation analysis, quality of earnings assessments, and synergy identification.
- Partner cross-functionally with operations, revenue cycle, compliance, legal, and corporate development teams to support integration and achievement of financial targets.
- Establish and drive best practices for financial operations, standardization, automation, and scalability across a growing physician practice platform.
- Support operational efficiency initiatives across scheduling, staffing models, throughput, and clinical workflows.
- Build, lead, and mentor a high-performing finance team.
- Foster a culture of accountability, collaboration, and continuous improvement.
- Serve as primary liaison with executive leadership, auditors, and external stakeholders on physician practice financial performance.
- Bachelor’s degree in Accounting, Finance, or a related field required.
- MBA, CPA, or other advanced certification strongly preferred.
- 7–10 years of progressive healthcare finance experience.
- Significant experience supporting physician practices, multi-site medical groups, or ambulatory platforms.
- Demonstrated senior leadership experience within healthcare services organizations.
- Extensive experience with physician practice acquisitions, financial diligence, and post-acquisition integration.
- Proven experience leading and developing high-performing teams.
- Deep expertise in physician practice financial drivers, including provider productivity, compensation models, revenue cycle performance, and payer dynamics.
- Executive-level financial acumen with the ability to translate complex data into actionable insights.
- Advanced proficiency in financial modeling, forecasting, and analytics using large datasets (EHR, data warehouse, Excel).
- Strong understanding of regulatory frameworks impacting physician compensation and financial relationships.
- Ability to lead large-scale, multi-site initiatives in a fast-paced, growth-oriented environment.
- Strong communication and stakeholder management skills.
- Experience with OneStream, ERP platforms, and practice management/EHR systems preferred.
- Strategic leader with the ability to set vision and drive enterprise-wide improvement.
- Analytical thinker with a data-driven approach to decision-making.
- Change agent with experience leading acquisitions, integrations, and transformation initiatives.
- Collaborative partner who builds trust with physician and operational leaders.
- Talent developer committed to mentoring and growing future finance leaders.
- Comprehensive health, dental, and vision insurance
- Health Savings Account with an employer contribution
- Life Insurance
- PTO
- 401(k) retirement plan with a company match
- And more!
- If you are viewing this role on a job board such as Indeed.com or LinkedIn, please know that pay bands are auto assigned and may not reflect the true pay band within the organization.
- No Recruiters Please