This position is responsible for directing the sound financial management of the region’s Medical Group through planning, coordinating and monitoring activities. The incumbent is responsible for directing and coordinating the finance operations of all departments within the region’s Medical Group. The incumbent is a member of the region's Medical Group Executive Team. This position reports directly to the enterprise finance lead for Ambulatory Services and has a dotted line reporting relationship to the Chief Financial Officer for the region.
The incumbent is responsible for directing and coordinating the finance operations of all departments within the Medical Group for the assigned region.
Essential Job Duties
Ensures the finance functions within the region are in compliance with Intermountain Healthcare policies and procedures and meets all regulatory requirements regarding financial operations.
Works with the region executive team, hospital and corporate finance in developing the long-term financial strategy for the region Medical Group. Develops financial projections that reflect the region's long-term plans and reviews new strategies and the financial impact projected for each key strategy.
Accountable for overseeing the preparation of the region's annual capital and operating Plans. Works with the region executive team, corporate finance, finance director(s) and others to achieve the region's Plan target. Continually pursues ways to improve operating efficiencies.
Responsible for the region's financial reporting and planning process
Participates on region or hospital-specific Boards as a member of the finance or other related committees.
Supports the oversight for compliance activities within the Medical Group for the region to prevent regulatory and policy noncompliance, support risk assessment processes led by the Vice President, Business Ethics and Compliance, develop strategies to address identified compliance risks, and resolve identified compliance issues.
Prepares financial reports and presentations to Intermountain senior management regarding region Medical Group finance matters.
Provides input to the Corporate Office finance functions.
Prepares or reviews financial analyses associated with feasibility studies, new programs, cost analyses, contracts, and other ventures, and makes recommendations to region leadership based on such analyses.
Directly supervises, coaches, and mentors other professionals and staff who are involved in the financial process. Utilizes effective leadership skills to remove barriers to productivity and effectiveness.
May provide input to the Information technology function.
Master's degree in accounting or business (MBA). Education must be obtained through an accredited institution. Degree will be verified.
Ten years of senior financial leadership experience within a multi-site complex healthcare organization, including five or more years as a senior finance leader for a physician group practice, system-level executive or through experience as a director/partner at a national consulting organization.
Must have thorough, broad-based knowledge of health care finance, multi-specialty physician practice operations, physician compensation and productivity models, business planning/development, and payor environment. Demonstrated working knowledge of generally accepted accounting principles, thorough knowledge of reimbursement principles and operations, and health care regulations.
Demonstrated expertise in financial analysis and the ability to solve complex analytical problems.
Must possess leadership skills including the ability to influence others and achieve results with and without direct line accountability, and function in both a leadership and support role in a team and system environment.
Strong record of working collaboratively and productively with physicians.
Experience directly managing staff with the ability to coach and mentor employees.
Detail oriented with excellent organizational and analytical skills. Flexible and adaptable to change.
Excellent communication skills (both written and oral) with the ability to communicate with all levels of the organization, including staff, management, and physicians.