The Chief Financial Officer oversees the practice's financial operations and reflects the mission by advancing the quality of care through our business practices. Essential functions of this position include, but are not limited to the following:
Roles and Responsibilities:
- Responsible for all financial, accounting, related reporting, procedures, and internal controls.
- Responsible for the supervision of the annual 401k audit and external financial review.
- Develops, recommends, and implements accounting and operational policies, procedures, and processes that assure organized, efficient, and compliant management systems.
- As an integral senior management team member, the CFO will participate in and provide input into financial decisions.
- Provides information, insight, and guidance with respect to financial issues in the clinics and surgery centers.
- Manages payroll, purchasing, accounts receivable, accounts payable, finance, and general accounting functions.
- Responsible for the practice's relationship with federal and state tax authorities and government regulators.
- Ensures all insurance coverages, including D&O, malpractice, general, property, cyber, etc., are in place each year.
- Provides fiscal management of all contracts.
- Supervises the preparation of all financial reporting to regulatory parties (i.e., FSR, UDS, Medicare, HRSA, state tax returns, etc.)
- Attends routine finance committee meetings and presents the current fiscal situation.
- Prepares and manages organizational budgets. Balances company program and budget goals and objectives.
- Understand and position financial goals and objectives toward the achievement of the budget and financial targets.
- Interfaces financial and administrative decision-making toward the achievement of the practice's patient-centered goals and objectives.
- Ensures that expenditures adhere to legal and budgetary requirements.
- Works with the Business Office to maximize cash flow and ensure proper accounting of the billing and collection functions.
- Manages cash and investments of the organization.
- Manages effective relationships with banking and other related fiscal entities.
- All other duties as assigned by the Founder/CEO.
- Direct reports include accounting staff, business office staff, and related contracted staff.
Required Skills and Experience:
- Bachelor's degree in Finance or Accounting.
- Master's degree in business, healthcare management, or related field required.
- CPA preferred.
- 5-10 years senior level management (CFO) experience leading teams in a private practice healthcare organization.
- Ability to lead a diverse staff group toward financial and operational goals.
- A thorough working knowledge of financial and cash management, financial reporting, capital planning, budgeting and forecasting, data analytics, internal controls, audit requirements, taxes, investments, insurance and risk management, consumer billing and collection practices, strategic planning, and data processing systems is required.
- Established proficiency in financial analysis is required.
- Experience and success negotiating with payers; payer contracting.
- Must have strong leadership skills, proven business acumen, and strong people management skills.
- Excellent verbal and written communication skills, including presentation skills, are required.
- Must possess advanced proficiency in Microsoft Office products, superior Excel skills, and the ability to learn other software applications readily.
- Must be willing and able to continually keep informed of changing technology to perform the position's objectives properly.
- Balance direct communications with empathy.
- Showcase exemplary skills as you communicate clearly and directly to others, balancing empathy with candor.
- Ability to walk in other people's shoes, allowing you to anticipate reactions and plan for them.
- Easily build trust and goodwill.
- People feel understood by you and others understand your messages.
- Manage change and priorities.
- Making and executing plans is second nature to you.
- You chart strategy and work through details.
- Ability to steward change on a team and across the company by setting direction, securing buy-in, motivating others, anticipating challenges, and planning accordingly.
About Versique:
At Versique, we believe people are more than a resume. People invent, propel, unearth, and build. They transform teams, markets, industries, and bottom lines. People do more than fill an open position. They open greater potential. We're here to help fill your human potential and build your human capacity. The Versique brand represents a powerful combination of "versatile" and "unique," hinting at the concept of "search" in its pronunciation.
In 2023, Versique made the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for fastest-growing private companies in Minnesota. Additionally, for the past four years, Versique has been recognized as a Star Tribune Top Workplace and awarded a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal, which speaks to the incredible culture we've fostered.
We believe people are the ultimate business advantage. Let's find your people together. And make the best possible.
Versique is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.
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