Warbird Healthcare Advisors actively seeks experienced consultants to be considered for an Interim Divisional CFO role with a large, employed physician group in the Midwest. The Interim Divisional CFO serves as an advisor to the senior leadership team regarding the financial management of the Division and serves as an extension of the system’s financial team. This role is accountable for maintaining the integrity of the Division's overall fiscal operations and financial reporting, including adherence to System and Divisional policies and procedures and assuring these policies are in accordance with generally accepted accounting principles ("GAAP"), tax regulations, and existing federal and state laws.

Location: Onsite (IN)

KEY RESPONSIBILITIES

• The Divisional CFO is focused on establishing the Division’s long-term growth strategy, identifying and implementing operational efficiencies, and ensuring the consistent delivery of the financial performance. This position will analyze operating results, interpret patient/customer/channel/trends, and recommend initiatives to improve the Division’s efficiency, profitability, and cash generation.
• Oversees the development of short- and long-range financial plans, budgets, capital plans, and business plans for the Division that enhance and maximize the financial performance of the System. This role will support business development and market enhancement activities for the Division and System. This position will be metric focused and act as a change agent to reduce expense and operational variation through optimum analytical decision making and will assist in the development of performance improvement plans.
• Directs the operations of the Revenue Cycle to ensure that accounts receivable is collected timely and uncompensated care is kept to a minimum. Strives to achieve goals for cash collections and AR days and to reduce bad debt and denials. Routinely reviews revenue cycle metrics to proactively identify and address issues affecting overall performance.
• Ensures that all balance sheet accounts are reconciled on a monthly basis and in compliance with company policies and standards and that any outstanding variances are identified and corrected in a timely manner.
• Prepares corporate required reports (including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, Forecasts) timely and accurately.
• Ensures all accounting and business office policies and required internal controls are in place to facilitate a clean audit with no material audit adjustments or deficiencies found. Ensures that all approval processes are in place.
• Maintains a thorough working knowledge of federal, state and managed care reimbursement methodologies to ensure that facility is paid accurately, and revenue deductions are recorded accurately. Facilitates preparation of any required cost reports.
• Prepares annual operating budget and participates in the annual strategic planning process which serves as a basis for the budget. Provides ongoing analysis of variances from budget and assists the CEO in implementing changes needed to achieve budget goals.
• Prepares annual capital budgets and Capital Equipment Requests. Ensures assets and related depreciation is recorded accurately and in compliance with company policies.

QUALIFICATION & EXPERIENCE

• Bachelor’s degree in Accounting or business-related field. Master’s degree preferred
• Minimum 8 years successful CFO experience in an employed physician group setting with at least 1000 physicians.
• CPA a plus.
• Proven financial analysis skills.
• Demonstrated leadership ability.
• Demonstrates excellent communication skills, both written and verbal.