POSITION SUMMARY
Gould Medical Group, a Central Valley based multi-specialty medical group that provides primary and specialty care in both ambulatory and hospital settings, is growing and we are seeking an experienced Director of Finance to keep our finances positioned for success. The ideal candidate for this role is an effective team leader with excellent communication and customer service skills who thrives on achieving results in a fast-paced healthcare environment. This position reports directly to the Chief Executive Officer and is a member of the executive leadership team. The Director of Finance will join a team of high-performing professionals whose mission is to provide integrated, comprehensive, world class, patient centered medical care, while advancing medical knowledge and educating tomorrow’s physician leaders. Goal: Serve as key Financial Advisor to GMG President/CEO and BOD to strengthen economic efficiency, viability, resilience, and independence of the medical group, assuring compliance inside current regulatory guardrails and corporate practice of medicine doctrine, without negatively impacting patient Safety/Quality or GMG’s Mission/Vision.
RESPONSIBILITIES
- Maintain financial and accounting policies/practices, assuring compliance with GAAP and applicable regulatory standards. Facilitates Finance Committee supporting Finance Chair.
- Tracks Medical Group controllable versus non-controllable costs. Oversight of physician services as related to compensation, benefits, and GMG operating costs. Cost-reduction in non-value-add areas of business.
- Assure Corporate Practice of Medicine separation and compliance with Foundation.
- Indirect, influence-based, collaborative, oversight of Foundation professional/management service agreement assuring services provided are economically reasonable within fair market valuation. Participates in joint financial planning and budgeting.
- Partner with Rev-Cycle for charge capture, coding/documentation, denials, and financial performance.
- Oversight of GMG Administrative budget, assuring reasonableness of cost and value, with external benchmarking annually.
- Internal GMG operational budgeting, and tracking.
- Compliance with IRS, CMS, Stark, Anti-kickback guardrails
- As needed, financial modeling of current and future clinical practices and service lines.
- Analytics as needed. Transparent reporting and translation of finances to physician leaders and staff.
- Oversight of insurance coverage layers, focusing on reducing organizational risk, and increasing value.
- PSA participation annually. Assures Foundation services are economically reasonable, and do not create “de facto control” over medical decision making and physician compensation.
- Facilitates process for physician/APC compensation, market assessment, and internal equity,
- Participates in value-based care design, capitation, and shared savings. Ensure risk contracts improve physician economics rather than shifting financial burden and risk.
POSITION REQUIREMENTS
Education:
· Bachelor’s degree in accounting, finance, or relevant field required
· Strong knowledge and experience of corporate practice of medicine, Stark, and Antikickback regulations is required. Experience with Value based payment models is desired.
· CPA or MBA preferred
Knowledge & Experience:
· 10+ years of experience in healthcare finance with progressively responsible management experience
· 5+ years in leadership role in a large, matrixed organization.
· Proven competence and success in financial operations and strategic planning
· Experience in physician practice operations and demonstrated record of developing and maintaining working partnerships with physicians
· Experience in mergers and acquisitions and investor relations
· Experience presenting to a Board of Directors
Skills:
· Behave Ethically: Understand ethical behavior and business practices and ensure that own behavior and the behavior of others is consistent with these standards and aligns with the values of the organization.
· Communicate Effectively: Speak, listen, and write in a clear, thorough, and timely manner using appropriate and effective communication tools and techniques.
· Create/Innovate: Develop new and unique ways to improve existing processes and to create new opportunities.
· Foster Teamwork: Work cooperatively and effectively with others to set goals, resolve problems, and make decisions that enhance organizational effectiveness.
· Lead: Positively influence others to achieve results that are in the best interest of the organization. Adapt to constantly changing priorities in managing a wide range of projects. Create an environment that encourages cooperation, motivation, innovation, and high performance teamwork.
· Make Decisions: Assess situations to determine the importance, urgency, and risks, and make clear decisions which are timely and in the best interests of the organization. Exercise good judgment and political astuteness.
· Organize: Set priorities, develop a work schedule, monitor progress towards goals, and track details/data/information/activities. Employ organizational skills including attention to detail, multi-tasking, and time-management.
· Plan: Determine strategies to move the organization forward, set goals, create and implement actions plans, and evaluate the process and results.
· Solve Problems: Assess problem situations to identify causes, gather and process relevant information, generate practical solutions, and make recommendations and/or resolve the problem.
· Political Savvy: Work effectively with a broad range of physicians, employees and vendors
· Manage Relationships: Establish rapport, credibility, trust, and respect throughout the organization at all levels.
REPORTING RELATIONSHIPS
· The Director of Finance reports to the CEO of GMG
WORKING RELATIONSHIPS/CONTACTS
This position works closely with the GMG leadership, Sutter Health leadership, and employed or contracted physicians.
GEOGRAPHIC AREA
Central Valley. Modesto, Stockton, Lodi, Tracy, Turlock, Manteca, and Lathrop.
PHYSICAL EFFORT/WORKING ENVIRONMENT
Minimal risk office setting, Extended periods of sitting, Frequent travel, telephone, and computer use. Regular evening and early morning meetings. Travel between care centers required.
Leslie Lozano, Recruiter, Sutter Health
[email protected]
Pay: $180,000.00 - $200,000.00 per year
Benefits:
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Vision insurance
Work Location: In person
