Chief Financial Officer
Location: Eugene, Oregon
How to Apply: online at http://www.slocumcenter.com/careers
Slocum Orthopedics is recruiting for an experienced Chief Financial Officer to oversee the financial success of a large, physician-owned practice in Eugene, Oregon. This position is responsible for implementing operational strategies to grow revenues, contain costs, and maintain the highest level of clinical quality care. This role will provide organizational oversight of all financial planning, Revenue Cycle Management, operating strategies, and financial outcomes. The CFO will forecast the physician group activity and financial positions in areas of income, expenses, and earnings based on past, present, and expected operations. As a member of the Slocum Orthopedics senior leadership team, this position will direct the preparation of financial budget targets and provide ongoing monitoring, communication, and leadership for organizational success.
A successful candidate will have ten years of progressively increasing financial leadership roles and five or more years of senior level experience within a large physician group practice or integrated delivery setting. This experience should include profit and loss accountability, and a deep understanding of healthcare delivery operations, healthcare financing, and industry trends. Prior experience in developing methodology for physician compensation plans required. MBA/CPA highly desired.
1. Oversees the flow of cash and financial instruments in accordance with company policy. Ensures that adequate internal controls are in place for fiscal integrity and cost efficient operations.
2. Provides physician and organizational leadership with advice on the financial implications of business activities. Provides recommendations to strategically enhance financial performance and business opportunities.
3. Maintains compliance with GAAP and applicable federal, state, and local regulatory laws for financial and tax reporting.
4. Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans to increase revenue and decrease costs.
5. Responsible for the reconciliation of general ledger accounts (e.g. fixed assets, accruals, and prepaid expenses).
6. Tracks and analyzes the company’s financial performance, measuring the actual performance against expected performance.
7. Maintains relations with external financial auditors/ CPAs and investigates their finding and recommendations. Establishes and maintains contact with banking related industries.
8. Makes presentations to the CEO, Executive Committee, and other stakeholder groups on financial matters.
9. Responsible for capital financing recommendations and management.
10. Collects data to analyze the present and future financial status of the organization.
11. Directs, coordinates, and monitors activities to implement institution's policies, procedures, and practices concerning obtaining lines of credit, commercial loans, real estate loans, and consumer credit loans.
12. Establishes procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping.
13. Administrative Chair for the organization’s Finance Committee.
14. Compiles and reports financial data as required by organization and government regulations. Prepares reports needed to satisfy tax requirements.
15. Maintains contacts with the Orthopedic Forum and related organizations to gather information related to best practice and benchmarking.
16. Examines, evaluates, and processes loan applications.
17. Analyze investment options and makes recommendations to Board of Directors or corporate officers for institution investment.
18. Responsible for financials related to real estate investments and point of contact for the real estate LLC.
19. Establishes and maintains contact with banking-related industries such as CPAs, insurance, real estate, and securities. Assesses risk of all financial transactions executed by organization personnel. Ensures compliance with internal control Policies & Procedures.
20. Administers physician payroll and the quarterly distribution program. Responsible for the physician internal compensation formula including providing projections based on modifications.
21. Ensures that Slocum’s internal control policies are effective through periodic monitoring of internal audit procedures.
22. Responsible for Revenue Cycle Management functions and associated staff through a subordinate Director of RCM.
23. Supervises daily activities of Accounting and Finance personnel. Direct responsibility for Accounts Payable and Payroll functions of the organization.
COMPLIANCE OFFICER DUTIES
1. Examines establishment policies, procedures, and practices to ensure compliance with laws and regulations.
2. Stays abreast of changes to federal and state healthcare laws and regulations affecting the management, operations, and product offerings of the establishment.
3. Coordinates with legal counsel and operating departments to ensure adherence to laws and regulations relating to new or revised products and services offerings.
4. Oversees the revision, preparation, and dissemination of new and updated compliance standards and procedures.
5. Coordinates, supervises, and supports establishment's compliance-related programs, such as compliance training, compliance testing and reporting, disaster recovery, contingency planning, and records warehousing and destruction.
6. Arranges compliance audits and informs the Board of Directors of audit results.
7. Informs and advises management of conditions and status of establishment adherence to laws and regulations.
8. Consults with and advises operating units and managers affected by compliance issues and regulatory requirements