VP Chief Financial Officer, Johns Hopkins Bayview Medical Center

Johns Hopkins Bayview Medical CenterBaltimore, MD, United States

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VP Chief Financial Officer, Johns Hopkins Bayview Medical Center

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VP Chief Financial Officer, Johns Hopkins Bayview Medical Center

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Requisition # : 655453 Location : Johns Hopkins Bayview Medical Center, Baltimore, MD 21224 Category : Leadership Schedule : Day Shift Employment Type : Full Time

The Position

The Vice President Chief Financial Officer (VP CFO- BMC) Johns Hopkins Bayview Medical Center (JHBMC) serves as a key member of the Executive Management team, providing leadership and direction of the financial health and financial operations of the organization. This includes responsibility for reporting of financial performance, managing assets, directing budgetary accountability and serving as the lead financial advisor to the Hospital President and Board of Trustees. This executive contributes to the broader strategic interests and mission of the organization as well as within the context of the Johns Hopkins Health System. In this regard, the VP / CFO works with Johns Hopkins Health System leadership to optimize system effectiveness and economies of scale where applicable.

Reporting dually to the President of JHBMC and the Vice President, Corporate Finance of the Johns Hopkins Health System, the VP CFO-BMC is responsible for planning and organizing the strategic financial direction of JHBMC and strategic management in conjunction with the JHBMC senior leadership team. The VP CFO- BMC also works closely with the JHBMC Board of Trustees to ensure they are appropriately informed of the financial position of the organization.

This position is a critical partner in evaluating strategic opportunities, growth expansion, and performance improvement opportunities. The position interacts with Medical Center operations and faculty regularly to ensure that clinical and support services are funded adequately and efficiently.

Key Responsibilities

The VP CFO- BMC is the administrative leader of the finance staff and a core member of the executive leadership team of JHBMC. The VP CFO- BMC is responsible for the following :

Overview

In consultation with the President and the senior leadership team, setting the strategic financial direction for JHBMC. Benchmarking innovations and trends in healthcare and the economy in order to evaluate the hospital's relative position and to identify opportunities and threats in the market.
Managing the financial resources and investments of JHBMC through subordinates and service relationships with members of the Johns Hopkins Health System central finance structure, overseeing the following functions : general accounting, regulatory compliance, financial analysis, budgeting and cost accounting, decision support, patient financial services, fiscal policy, treasury and cash management, information technology and clinical informatics.
Serving as a strategic thought partner to support all financial leadership activities and pro-actively advising on relevant internal and external environmental factors that could affect financial performance in both the short term and long term.
Ensuring that accurate, relevant, and timely information and analysis on the current and projected financial condition of JHBMC is provided to the Board of Trustees, Board of Trustees Committees and senior management.

Financial Analysis and Performance Improvement Management

Working closely and collaboratively with senior leadership, clinical and administrative colleagues to provide leadership in the identification and implementation of performance improvement initiatives across JHBMC in order to help drive improved patient safety and satisfaction, as well as cost savings and efficiencies.

Performs ongoing analysis of revenues and expenses. Evaluates and recommends changes to maximize Hospital margin in support of the organization’s mission.

Collaborating with peers and leaders of JHHS shared services to establish service line expectations, coordinate service line activities and improve performance over time.

Acting as a catalyst for change to ensure the needs of the service lines, department and other leaders are being aligned and fulfilled.

Advising leaders across the enterprise to help develop and manage to operating and capital budgets.

Analyzing the hospital’s internal controls and financial infrastructure. Implements changes as necessary to ensure that effective expense controls are in place and transactions are approved and documented.

Working closely with the President of JHBMC on all real estate transactions, as well as ground and space leases for JHBMC.

Coordinating preparation of operating and capital budget. Presenting Medical Center-wide budget for Board approval.

Workforce Development

Developing the workforce of the future, hiring high performers to his / her team and managing performance through clear expectations and goal setting.

The VP CFO- BMC will ensure that JHBMC’s finance positions align with the direct analytical and internal control needs of JHBMC and harmonize with the finance shared services model of JHHS.

The VP CFO- BMC will ensure that career conversations, succession planning and development plans are embedded in the way his / her team performs their work.

Joint Agreement / Funds Flow

In collaboration with JHHS personnel, partner with JHSOM departments on the overall funds flow governance model of JHHS.

The VP CFO- BMC, working closely with the JHBMC President, JHHS personnel and other members of the leadership team, will ensure that the costs of teaching, clinical purchased services and Hospital administrative support are clearly defined and documented.

The position will work with JHHS personnel in an annual review of these agreements and ensure appropriate changes are made and documented.

JHHS Shared Services

Cultivating, nurturing and building strong relationships across the JHHS eco-system to help manage the effectiveness of the JHHS shared services model.

Interacts and collaborates with leaders in Revenue Management (HSCRC rate setting and compliance), Revenue Cycle Management and Treasury to help ensure the accurate management, reporting and forecasting of JHBMC financial activities of those areas.

Leading the month end, quarter end and year-end financial close activities in partnership with Central Finance and Accounting.

Supporting activities of internal, external and compliance audits as necessary.

General Duties

Assisting Hospital leadership in real-time daily, weekly and monthly initiatives, serving as a key partner to the Hospital President, executive team and faculty leadership.

Providing analysis of general economic, business and financial conditions and regulatory changes and their impact on the organization's policies and operations and advising leadership as necessary.

Working closely with and as part of the broader executive finance team within the Johns Hopkins Health System.

Participating in professional activities and maintaining professional affiliations to keep abreast of current trends / changes and legislation in the field.

Participating in the development of strategic objectives and organizational structure.

Performing cost studies involving third parties, including local, state, and federal agencies.

Utilizing, modeling, and teaching financial process improvement techniques.

Performing additional duties as assigned.

Professional Experience And Qualifications

An MBA or CPA is required.

A minimum of fifteen years of progressive experience in hospital operations and financial management is required.

Proven skills in providing leadership and the ability to motivate and provide overall direction toward the attainment of identified goals and objectives.

Strong business acumen and demonstrated ability to control expenses while building programs that provide increased margin.

A demonstrated ability to improve profitability to support the mission of the organization.

The candidate should be able to lead change management initiatives, drive innovation, and implement new processes and systems.

Excellent presentation skills and experience in working collaboratively with top executives and the Board in business planning and strategy development.

Proven physician relations skills that ensure effective communications and the understanding of constituent needs. Demonstrated ability to manage in a matrix fashion with clinical leadership.

A record of building and developing collegial relationships with peers and Health System executives to gain support for programs and initiatives.

Proven ability to recruit, develop, mentor, motivate and retain a diverse and qualified staff, as well as a willingness to work with qualified existing staff.

Documented experience in managing facility growth.

Must be a strong, hands-on and approachable leader who understands the value of being a team player and have an outgoing and friendly personality.

Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee satisfaction high.

A commitment to quality, diversity, patient safety and service excellence.

Highly proficient analytical, negotiation, presentation and leadership skills.

Proficient skills in directing, monitoring, evaluating and motivating the performance of professional and management staff.

Proven organizational skills and political savviness.

Ability to build consensus and provide strong leadership in a team environment, with the highest of professional and personal integrity.

VPF / CFO must complete the Training Checklist for Managers and Supervisors (described in the Training Catalog under Management Development Curriculum) within twelve months of employment / promotion date.

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Seniority level

Not Applicable

Employment type

Full-time

Job function

Finance and Sales

Industries

Hospitals and Health Care

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