VP, Financial Planning & Analysis
The VP of Finance is responsible for all financial reporting, analysis, planning, budgeting, and forecasting, as well as capital management and reimbursement functions. Much like the role of a Regional CFO in other hospital systems, the VP drives a continuous management process with individual hospital finance leads and corporate leadership to ensure alignment and measurable progress toward shared objectives. The VP also co-owns the Enterprise Resource Planning system with the Chief Accounting Officer, and together they ensure optimal functionality and set the standards for financial and statistical reporting metrics across the organization.
- Monthly Trend Management: The VP will lead monthly trend calls with the hospitals’ and corporate departments’ leadership to review performance to plan, identify risks and opportunities, and secure action plans to drive performance improvement. The VP must maintain standardized business metrics and enhance processes to better control cost, improve revenues, and make better operational and investment decisions.
- Ad Hoc Analyses: The VP also provides enterprise-wide support for financial modeling of new business plans, new service lines, investments and divestitures, workforce planning, and virtually any other work pertaining to the use of enterprise resources. This work is sometimes specific to one hospital and other times it pertains to CTCA as a system, but regardless, the requirement for top quality work and communication is paramount.
- Capital Management: The VP of FP&A owns the Capital Investment Request process, which is essentially the financial justification, review, and authorization of annual capital investments. In addition, the VP is also responsible for managing the working capital needs of the organization and maintaining robust financial models that include balance sheet and cash flow implications, which are critical for compliance with debt covenants.
- Reimbursement: The VP oversees the government payer reimbursement function, which is responsible for timely and accurate filing of cost reports to Medicare, Medicaid, and Champus. The VP makes sure that processes are followed to ensure high quality reporting and compliance with program rules and regulations. The VP also is expected to understand both government and commercial reimbursement thoroughly so as to navigate CTCA through reimbursement trends and maintain applicable financial systems and models.
- Minimum of a BS/BA in Business, Finance, Accounting, or related field.
- Graduate Degree or CPA highly desirable.
- Must have 8-10 years healthcare finance experience.
- Must have a strong background in GAAP, hospital finance, financial analysis, reimbursement, financial controls, the requisition process, and executive level communication.
- Thorough understanding of Microsoft Excel is necessary, and experience with Lawson is highly preferable.
- Must understand the inter-dependency of financial systems with business functions in order to lead the redesign of transactional teams.