Director of Finance for Physician Practice/Ambulatory - Richmond, United States - VCU Health

Description

This Health System position provides financial and strategic analysis to the COO and President of MCVP and serves as the operational finance lead to the Practice Plan and ambulatory locations.

Responsible for full oversight and leadership of the Finance team and financial reporting and analysis for both MCV Hospital Ambulatory and MCVP Clinics.

This position reports financial information to the MCVP Board and Finance Committee of the Board and serves as the primary financial liaison to MCVP clinical department administrative leadership and Chairs and leads financial reporting and budgeting processes for MCVP and ambulatory operations.

Serve as a member of the financial business leads of the clinical entities of VCUHS, along with the VP Finance of MCV Hospitals, VP Finance of CMH, and the Director of Finance of CHOR Brook Rd.

This position provides strategic direction and advisement to the Corporate Financial Manager

• MCVP on the VCUHS Financial Accounting team and assists with month end close processes as needed and related reporting.

The Finance Director supervises a team and provides direction for financial analytics done at corporate and department levels. This position co-leads a Community of Practice among business and financial reporting resources embedded in MCVP Departments. The role develops, reviews and analyzes net revenue calculations for month end close. The role also handles the accounting for COSA revenues and corresponding hospital expenses among affiliates.

The role compiles business cases/proformas as needed and provides strategic financial planning and analysis for chair packages, service line growth and related capital investments impacting the health system.

The role serves a key member of cross health system initiatives including cost savings, revenue enhancement, capital and service line development.

Performance Expectation:

Safety Demonstrate personal ownership and accountability for safety in your department an entire organization role model daily use of the safe behavior expectations for error prevention (BEEP) as personal work habits.

Promote safe behavior use by all within your department; take actions to ensure all staff members apply the safe behaviors to their everyday work, and adopt as their personal work habits.

Establish an environment in which it is both encouraged and expected that staff speak up for safety; support staff in speaking up.

Proactively identify quality and safety problems and take effective action to address them. Support reporting of events and near misses. Facilitate timely evaluation of safety events involving your department or staff and implement planned corrective actions.


Performance Expectation:
Budget Manage the budget and other financial measures effectively for assigned resource groups.

Responsible for accurately managing and preparing the annual budget relating to MCVP Finance; collaborates with hospital Finance leadership on monthly GL close procedures and process flow.

Responsible for managing the monthly variance reporting for MCVP Administration and all clinical departments plus other financial requirements for overall fiscal stewardship.

Leverage data analytics to identify return on investment and other indicators for MCVP Finance.


Performance Expectation:

Visibility (Strategy) Develop and provide KPI (key performance indicators) to establish the appropriate framework for metrics to align with overall organizational strategy.

Evaluate and advise on the impact of long-range planning of new programs/strategies and regulatory action as those items impact the VCUHS.

Performance Expectation:
Operational ExcellenceLead the MCVP and Ambulatory Finance Teams; provides coaching, mentoring and direction. Provide strategic oversight of all operational process improvement techniques. Resolve non-routine and complex escalated operational matters and provides innovative solutions and follow-up accordingly. Monitor performance utilizing various dashboards, scorecards, statistical and reporting methodologies to ensure success in MCVP and VCUHS Finance.


Performance Expectation:
Performance Improvement/Benchmarking Routinely evaluate, modify and recommend process improvement based on review and audit.

Drive continuous improvement to ensure core processes are effectively designed, documented, implemented, and communicated to department and internal business partners.

Consistently measure success through KPIs and business metrics.
Continuously seek ways to streamline and improve department performance, proactively identifying and initiating process improvement tasks. Contribute new ideas to the team to challenge the "status quo". Serve as a change agent and champions change management activities for assigned business function with frequent communications.

Collaborate with cross functional teams and other leaders to provide tactics, ideas and reasoning for behavior changes, readiness, and team member/patient experience.

Performance Expectation:
Corporate ComplianceEnsure compliance with federal, state, and local laws affecting all levels of the organization


Performance Expectation:

Organizational TeamworkPlan, develop, organize, implement, direct and evaluate the performance of the team to ensure alignment with VCUHS mission, values and vision.

Demonstrate an understanding of VCUHS mission/vision/values and goals in all practices, abides by and monitors staff for adherence to Human Resource policies and keeps abreast of trends, market issues and best practices for his/her healthcare market.

Performance Expectation:

Miscellaneous Responsibilities Perform other duties as assigned and/or participates in special projects in order to support the mission of MCVP and VCUHS.

Assist team members. Accept alternate assignments as required to fulfill business needs.

Licensure, Certification, or Registration Requirements Preferred:
Certified Public Accountant (CPA), CHFP, FHFMA or equivalent combination of certification and experience. Diversity Equity and Inclusion certification preferred.

Experience


REQUIRED:
Minimum seven (5) years of Finance experienceMinimum three (3) years in a supervisory roleExperience


PREFERRED:
Minimum ten (7) years of Finance experience in a similar level roleEducation/training


REQUIRED:
Bachelor's degree in Finance, Accounting, or Business Administration or equivalent courseworkEducation/training


PREFERRED:
Master's degree in Finance, Accounting, Health or Business Administration Knowledge/Skills/Abilities required: Knowledge of GAAP, Financial Analysis, Data analytics, synthesis, communication, interpersonal and collaboration skillsSkills in Excel modeling and Financial Analytics; Tableau, Stratajazz, EPIC Preferred and Workday ERP experience preferred Ability to analyze financial statements, prepare business plans and financial proformas, lead a teamIndependent action(s) required: Approval/Denial of MCVP staff positions, contracts and capitalCalculation of financial accruals as neededDecisions on ERP/EMR financial system setup, controls and testing as necessarySupervisory responsibilities (if applicable):Leads a team of direct and cross functional/organizational indirect reports, providing mentoring, coaching, performance management, annual evaluations as well as managing employee development and disciplineAge Specific groups served:Physical Requirements (includes use of assistance devices as appropriate):Activities: Prolonged standing, Prolonged sitting Mental/Sensory: Strong recall, Reasoning, Problem-solving, Hearing, Speak clearly, Reading, Logical thinking Emotional: Fast pace environment, Able to handle multiple priorities, Able to adapt to frequent changeEEO Employer/Disabled/Protected Veteran/41 CFR