The Hoag Clinic is seeking a Chief Financial Officer to serve as a member of the senior leadership team. This individual will be responsible for the development of a successful financial strategy for Clinic operations which includes independent physician groups, physician management services, concierge medical services and other ambulatory medical services and programs. As the Hoag Clinic corporation continues to grow, this position offers the exciting opportunity to identify and implement innovative business and financial development strategies.
This role provides organizational oversight of all financial planning, operating strategies, and financial outcomes and has primary responsibility for Clinic business development and growth. Serves as the CFO of the Hoag Clinic corporation with specific responsibility regarding DMHC and other regulatory requirements.
Responsibilities shall include, but not necessarily be limited to the following:
Summarizes and forecasts business activities and financial positions in areas of income, expenses, and earnings.
Oversight of capitation and risk contracts and performance
Develops and implements short and long-term financial planning
Directs preparation of operational and capital budgets and provides ongoing monitoring, communication and leadership to assure success.
In conjunction with Hoag Clinic Controller and Hoag Enterprise Finance team assists in the preparation of operational and capital budgets and provides ongoing monitoring, communication and leadership to assure success.
Oversight and coordination of professional billing, accounts receivable and functions including supervisory, and non-supervisory staff.
Ongoing analysis of revenue generation, income lifecycles, reserves, and expenditures
Identifies strategic and innovative business development opportunities to enhance revenue and growth; ensures transactions are effectively and efficiently secured.
Serves as key financial spokesperson for Clinic operations.
Position Reports to: Directly reports to SVP and Hoag CFO - financial reporting and process direction.
Indirectly reports to Clinic CEO; takes strategic and operating direction from and accountable to the Clinic CEO and Clinic Board of Directors.
Education, Training and Experience
Bachelor’s degree in Business.
Minimum of 8 years senior financial leadership experience in large physician group or health plan managing financial operations.
Proven track record developing and monitoring capital and operational budgets in support of strategic goals and operational efficiency.
Experience working within a highly complex, matrixed organization.
Comprehensive knowledge and experience with practice organizations, management of healthcare providers and ambulatory care operations.
Background operating in an accountable care or value-based reimbursement environment preferred.
Financial leadership experience in capitation and other risk-based economic models of physician compensation.
CPA and/or MBA.
Skills or Other Qualifications
Demonstrated Leadership ability.
Collaborative, team-oriented approach to decision-making.
Strong skills in business development and negotiation.
Ability to successfully perform within metrics driven health care delivery system.
Technical knowledge of financial principles related to healthcare finance and physician reimbursement in a multi-specialty environment
Strong interpersonal, verbal and written communications skills
Leadership role in financial decision-making that affects the Clinic and provides strategic financial input to senior management.
Internal Number: 58429
About Hoag Memorial Hospital Presbyterian
Hoag has been named one of the Best Regional Hospitals in the 2019 - 2020 U.S. News & World Report. For an unprecedented 23 years, residents of Orange County have chosen Hoag as one of the county’s best hospitals in a local newspaper survey. Hoag is an approximately $1 billion nonprofit, regional health care delivery network in Orange County, California, that treats more than 30,000 inpatients and 480,000 outpatients annually. Hoag consists of two acute-care hospitals – Hoag Hospital Newport Beach, which opened in 1952, and Hoag Hospital Irvine, which opened in 2010 – in addition to nine health centers and 13 urgent care centers. Hoag is a designated Magnet® hospital by the American Nurses Credentialing Center (ANCC). Hoag offers a comprehensive blend of health care services that includes five institutes providing specialized services in the following areas: cancer, heart and vascular, neurosciences, women’s health, and orthopedics through Hoag’s affiliate, Hoag Orthopedic Institute, which consists of an orthopedic hospital and two ambulatory surgical centers. Visit www.hoag.org for more information.