Division Chief Financial Officer, Medical Group ServicesWho we are:At Lifepoint Health, we provide quality healthcare to rural communities. As a valued member of our team, you will be an integral part of a group working together to elevate Lifepoint's healthcare delivery network.Our network includes 60 community hospitals, 60 rehabilitation/behavioral health hospitals, and 250 additional sites of care across the United States.As an organization, we are dedicated to serving communities nationwide by providing exceptional care. We believe in the power of our talented teams and strive to create environments where employees find purpose and fulfillment.What you’ll do:The Division CFO will oversee the financial operations of the division, providing financial leadership and operational oversight for all financial functions within Medical Group Services, ensuring the achievement of budgets and metrics through a culture of accountability. This role requires a strategic thinker with strong leadership skills to drive financial performance and support the division's growth objectives and ensures enhanced financial stewardship, oversees revenue cycle operations, drives collaboration with managed care strategies and other business services, and partners closely with leadership across the organization.Responsibilities:
Provide strategic financial leadership and direction to the division, ensuring alignment with overall corporate goals.
Provide oversight and leadership on financial controls, month-end financial close, and budget preparation process. This includes preparing, delivering high detail reports to division and company leaders with ability to provide financial recommendations and explanations.
Responsible for developing, driving and executing strategic operational and financial operations initiatives for the division.
Provide financial analysis to President of Medical Group Services, other medical group services operational leaders, Acute Division CEO/CFO and Facility Leadership, in support of operational considerations.
Responsible for front and back-end revenue cycle operations including oversight of internal CBO operations and revenue cycle IT/operational vendor partners.
Lead the budgeting and forecasting processes, ensuring accurate and timely financial planning.
Oversee revenue cycle functions to maximize efficiency and cash flow across Medical Group Services. Develop and monitor key performance indicators for revenue cycle effectiveness.
Develop and implement financial metrics to monitor performance and drive accountability across the division. Create an environment of accountability in achieving budgeted metrics and/or targets.
Work closely with managed care teams to analyze payer strategies. Ensure alignment between managed care initiatives and financial goals to enhance reimbursement rates and payer mix.
Responsible for collaborating with HSC managed care services to make operational decisions related to physician payor contracting.
Coordinate with LBS functions to streamline financial operations.
Oversee the preparation and presentation of financial reports, ensuring compliance with regulatory requirements and internal policies.
Identify and manage financial risks, implementing strategies to mitigate potential impacts. Ensure accurate financial reporting, including audit and SOX compliance.
Foster a high-performing finance team, promoting a culture of accountability, collaboration, and continuous improvement. Identify opportunities for financial operations improvement and/or increased compliance with established financial controls.
Communicate financial performance and strategic initiatives to key stakeholders, including the executive team and board of directors. Have an active role and shared governance in payor enrollment process.
Drive cost management initiatives and identify opportunities for operational efficiencies to enhance profitability. Assume a lead role in analyzing and exploring means of reducing operating costs and increasing revenues-based knowledge of market trends, financial reports, and operating procedures.
What you’ll need:Education:Bachelor's degree (master's preferred) in Finance, Accounting, or a related field; MBA or CPA preferred.Experience:
Minimum 15 years of progressive financial leadership experience in healthcare required.
Proven track record of managing budgets and achieving financial metrics.
Strong analytical and problem-solving skills.
Ability to lead and develop a high-performing team.
High level experience with financial software and systems.
Certificate/Licenses: Certified Public Accountant (CPA) preferred.Why choose us:As a team member of the Health Support Center, our goal is to support those that are in our facilities who are interfacing and providing care to our patients and community members. Our focus is to attract, retain, and empower a diverse and determined workforce. Our mission statement is at the heart of who we are and what we do: “Making Communities Healthier.” In this shared mission, we believe that our collective efforts will shape a healthier future for the communities we serve.Benefits:We offer an excellent total compensation package, including a competitive salary and benefits. Some of our benefits include 401k, flexible PTO, generous Employee illness benefit (EIB), medical, dental, vision, tuition reimbursement, and an Employee Assistance Program. We believe that happy, healthy people have a passionate engagement with life and work and have designed our package to enhance your wellbeing.Job: Please select a valid job field Organization: LifePoint Health Support Center Title: Division CFO, Medical Group Services Location: Tennessee-Brentwood Requisition ID: 7410-7938