Exact compensation may vary based on several factors, including skills, experience, and education.
- Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and / or other paid time off as provided by applicable law. The ideal candidate will be responsible for planning, coordinating, and implementing projects within the decided-upon budget, timeline, and scope. They will also effectively monitor and present project updates to relevant stakeholders, clients, or project team members.
- Salary Range : $200,000 to $350,000 - based on experience
- Location : West Islip, NY
Required Skills & Experience
Education : Bachelor’s degree in Finance, Accounting, or related field required; Master’s degree (MBA, MHA)Experience : Minimum of 10 years in progressive financial leadership within healthcare, including 5 years in a senior role in a hospital or integrated health system.Skills :
o Deep understanding of healthcare finance and reimbursement.
o Strong analytical and strategic thinking abilities.
o Excellent communication and interpersonal skills.
o Collaborative leadership style.
o Commitment to the organization’s mission and values
Job Description
The VPFO is a senior financial leader who partners with hospital leadership to advance the organization’s mission through fiscal stewardship and operational insight. While core financial functions such as consolidated reporting, capital planning, and cost accounting are managed by centralized shared services, the VPFO leads the development of the hospital-specific operating budget and ensures alignment with system-wide initiatives. This role interprets financial data to support decision-making, accountability, and performance improvement. The VPFO collaborates with clinical, service line, and administrative leaders to analyze trends, investigate variances, and identify opportunities for efficiency and margin enhancement. Responsibilities also include volume planning, business plan development, and ensuring financial practices align with standardized policies.
Key Responsibilities
Strategic Financial Leadership : Serve as the principal financial advisor to hospital leadership.Budgeting : Lead the hospital’s annual operating budget process, ensuring alignment with system goals and volume assumptions.Financial Reporting & Analysis : Interpret monthly financial reports, conduct variance analysis, and present findings to senior leadership.Collaboration with Shared Services : Partner with system-level functions (e.g., revenue cycle, IT, HR) to support initiatives and act as liaison between corporate finance and hospital operations.Financial Planning : Support development and evaluation of business plans for new initiatives.Capital Planning : Review and prioritize capital requests in line with strategic goals and system constraints.Grants & Development Oversight : Manage hospital-specific financial needs related to grants and development.Strata Performance Management : Utilize Strata tools to monitor productivity and financial performance.Physician & Clinical Support : Collaborate with clinical leaders to improve financial performance and care delivery.Compliance & Internal Controls : Ensure adherence to financial standards, regulations, and internal policies.Team Leadership : Lead and develop a high-performing finance team with a focus on accountability and excellence.