Multi-site Dermatology Group Seeks Chief Financial Officer

About Optima Dermatology

At Optima Dermatology, our mission to revolutionize skin care is made possible by our world-class team that is inspired to set the new standard in dermatology. Our team is creating access to world-class dermatology care in underserved markets and is committed to treating every patient as we would want our friends and family to be treated. We are growing rapidly and looking for key team members who believe in our mission and want to make a difference in the lives of our patients. We foster a collaborative environment that is fun and hardworking and promise you will work alongside amazing colleagues you are proud to call your teammates.

Position Details:

Optima Dermatology is recruiting a Chief Financial Officer to join our Practice Support Center, based in Portsmouth, NH. While we prefer the CFO be local and present in the office, we are focused on finding the right partner and open to a CFO being in-office or remote.

Optima Dermatology is a mission-driven dermatology practice with 19 locations and 54 providers in Indiana, Ohio, New Hampshire, and Maine. Optima offers a complete menu of services under one roof, including general dermatology, Mohs surgery, cosmetics & aesthetic services, pathology, and clinical trials. Unlike most dermatology practices, Optima’s strategy is based on a de novo approach, opening net new practices within markets that have limited access to dermatological services.

Optima has launched an ambitious growth plan, focused on opening between 5-7 new de-novo practices per year over the next decade in Ohio, Indiana, New Hampshire and Maine due to the attractive supply / demand characteristics in these states.

Optima achieves industry-leading quality of care and patient experience (95 average NPS), and our mature practices achieve 80% returning patients, stable top-line organic growth, and industry-leading clinic-level EBITDA margins.

The Chief Financial Officer will partner with the executive team to build one of the premier companies in the Alpine Investors portfolio as measured by the consistency of financial performance vs. plan and enterprise value creation via organic growth. The successful candidate will work closely with the BOD, Physicians, Executive Team, and corporate departments such as RCM, Payor Contracting, Human Resources, Operations, Marketing, and Provider Recruiting.

Skills, Competencies, and Experience:

Culture Carrier & People Leadership

• Proven experience as a very strong people leader
• Build trust among direct reports and seek feedback from team members
• Great listening skills, welcoming alternative views
• Provide clear expectations and regular feedback to team members
• Direct reports have strong, collaborative relationships and alliances with other departments and constituents throughout the organization

Finance as Strategic Competency

• Strategic lens toward developing a business model and growing a business
• Ability to partner with executive team in crafting a strategy consistent with financial objectives and play a constructive role in achieving non-financial line of objectives (provider happiness, patient volume growth, patient satisfaction)
• Ability to utilize all available data and financial modeling to partner with executive team in developing and fine-tuning Optima de-novo growth strategy, as well as propose and evaluate other growth opportunities and strategies

Process Improvement

• Experience identifying finance and accounting department inefficiencies, and building and implementing material operational improvements

Experience Creating Financial & Performance Visibility & Reporting

• Success in creating robust financial transparency among all departments and business unit (service lines and practices throughout an organization)
• Identifying KPIs that drive businesses and partnering with leaders to manage toward those KPIs

Demonstrated Success in Driving Effective Planning Processes

• Success in managing annual budgeting process from start to finish
• Ability to articulate planning philosophy
• Experience working with modern planning tools (Adaptive Insights)
• Deep knowledge of steps, timelines, issues and changes in planning processes

Proven Ability to Instill Financial Discipline and Competence

• Cogent description of methodology for identifying cost savings
• Evidence of cost savings achieved
• Spend versus plan performance in prior companies
• Experience with procurement optimization and standardization

Successful Relationships with External Constituencies

• Experience with covenant compliance or effective management of lenders
• Successful audits without material weaknesses
• Strong references from lenders, auditors, investment bankers

Qualifications:

• Proven experience as CFO
• Multi-site healthcare experience preferred
• Strong people leadership experience – generating highly engaged teams
• Ability to deliver timely and accurate financial reporting
• Ability to articulate planning philosophy, and familiarity with modern planning tools (Adaptive Insights, Anaplan, etc.)
• Ability to instill financial discipline and competence
• Leadership experience with cross functional initiatives
• Excellent knowledge of data analysis and forecasting methods
• Ability to design financial models and understand data transformation process
• Experience managing legal contracts, employment matters, and third-party suppliers
• Highly organized; strong system for meeting deadlines and closing the loop with key stakeholders
• Strong work ethic, self-starter, energized by building
• Willingness and ability to hire A talent, develop, and train new team members
• Strong project management skills