Job Description
Job Description
The Director, Finance Operations will help our communities thrive by supporting Catalyst Physician Group and external clients in a variety of financial initiatives, working under the direction of the CFO.
We are a culture that is unabashedly driven by purpose. We are making a difference to our patients and providers while growing at an accelerated rate.
Every day, we support the health journey of patients by authentically living our core values : Purpose Driven, Relationships Matter, Serve Others First, and Inspire Creativity.
If you love serving others and would like to make a material difference in an industry-transforming organization, then we invite you to apply to this role.
We are recognized as one of the Top 100 Places to Work by The Dallas Morning News, and we have been awarded as one of the fastest-growing privately held companies by SMU Cox.
Accountabilities
- Primarily responsible for the management of the day-to-day activities of the physician practice finance team
- Assist with physician compensation models including monthly production and design
- Inform and shape the annual budget process
- Oversee accurate and timely preparation, distribution and presentation of financial reporting to physician practices
- Develop, implement, and deliver standardized reports, dashboards, executive-level summary reports and presentations to effectively communicate practice performance to operational leaders and stakeholders, including physicians
- Partner with Operations team members to provide financial oversight and guidance of physician practice financial functions
- Evaluate key performance metrics to support value-based contracts, quality measures, gap of care opportunities, patient access metrics, and other quality programs and initiatives
- Proactively streamline workflows, challenge the status quo, and drive team toward operational excellence and high practice satisfaction
- Provide broader support for other internal operational and strategic initiatives
- Create, review and present proposals for prospective practices
- Other duties and special projects as assigned
- Integrate and work across business units that impact finance including accounting, revenue cycle, EMR applications, procurement and operations
Role and Responsibilities :
- Manage and direct activities of 3 - 5 finance staff, providing oversight on deliverables, review of complex financial information and reports, coaching, training and performance assessments
- Ability to tie operational metrics to financial performance and provider compensation
- Review and interpret monthly financial statements including the balance sheet and income statement
- Review and approves physician practice start-up forecasting and financial and accounting process implementation
- Ability to gain confidence of and communicate with executive-level personnel as well as physician leadership
- Review and approves physician practice start-up forecasting and financial and accounting process implementation.
- Serves as key relationship holder with physician and operational leadership
- Provides transactional advisory services for Mergers and Acquisitions
- Stays current with healthcare topics and communicates to practices and team members of the possible impact of those topics
Minimum Qualifications and Requirements :
- Bachelor's Degree
- Minimum of 8-11 years Industry and financial analysis experience
- Minimum 4 years of management experience
- Strong knowledge of excel & relational databases
- Experience mentoring / coaching peers
- Ability to work on multiple engagements simultaneously
- Excellent communication and presentation skills; be comfortable interacting multiple stakeholders at different levels
- Working knowledge of accounting procedures and principles including accounts payable
- Experience with general ledger functions and the month-end / year-end close process
- Knowledge of medical reimbursement methodology and industry benchmark organizations such as MGMA
- Knowledge of revenue cycle best practices and KPIs
Preferred Experience :
- Master's Degree
- Previous experience managing projects across different departments
- Previous experience working with an insurance payer
- Ability to model recommendations in Tableau or other Business Intelligence Tool
- Knowledge of Practice Management Systems and practice workflows
- Previous experience working with NetSuite, or similar ERP