Presbyterian Healthcare Services

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VP-CFO-FLUENT HEALTH

at Presbyterian Healthcare Services

Posted: 11/14/2018
Job Status: Full Time
Job Reference #: 13628
Keywords:

Job Description

About Us

 

Fluent Health

As one of the nation's leading integrated healthcare delivery and financing organizations, we have a unique opportunity to partner with provider systems around the country that seek to successfully transition and thrive in a healthcare world based on value rather than volume.

Fluent Health is the partnership and health plan servicing entity that scales Presbyterian's people, experience and tools in the health plan space, partnering with provider organizations looking to strengthen or start a health plan. 

Our purpose:  "<\>We complete the connections to health and care so people can enjoy their healthiest life."<\>

Our values:  Execution, Teamwork, Inventive, Purpose Driven, Agility.<\>

 

Presbyterian Healthcare Services is a locally owned, not-for-profit healthcare system of eight hospitals, a statewide health plan and a growing multi-specialty medical group. Founded in New Mexico in 1908, it is the state’s largest private employer with approximately 11,000 employees.

 

Presbyterian’s story is really the story of the remarkable people who have chosen to work here. Starting with Reverend Cooper who began our journey in 1908, the hard work of thousands of physicians, employees, board members, and other volunteers brought Presbyterian from a tiny tuberculosis sanatorium to a statewide healthcare system, serving more than 700,000 New Mexicans.

 

We are part of New Mexico’s history - and committed to its future. That is why we will continue to work just as hard and care just as deeply to serve New Mexico for years to come.

 

Job Description 

Education:
Essential:
* Bachelor's Degree Required, Master's preferred.

 

Other information:
- 10-12 years of financial/accounting experience with most recent experience in a strategically oriented financial leadership role
- Certified Public Accountant and/or MBA
- A strategic visionary with sound technical skills, analytical ability, good judgment and strong operational focus

- Strong leadership skills marked by a collaborative team orientation

- Ability to motivate team members at all levels to cultivate a dynamic and highly productive work environment

- High level of integrity and dependability with a strong sense of urgency and results-orientation

- Experience working on the financing, due diligence and integration relative to mergers and acquisitions a plus

  

Summary:
Provides the strategic leadership for all Fluent financial operations. As a member of the Fluent Executive Leadership team, the CFO will provide advice and counsel to the President and other senior management and provide leadership and support in all other corporate and financial related activities

 

Responsibilities:
Strategic:
- Work with PHS and Fluent senior leaders on the strategic vision of Fluent, including cultivating and fostering strategic relationships and potential alliances; engage in the growth agenda including organic and acquisition strategies.
- Maximizes return on investments by identifying profitable service lines and clients.
- Develops and maintains comprehensive strategic pricing models for all Fluent products to ensure adequate coverage of costs, achievement of margin targets, and enhancement of decision making; the pricing strategy should be dynamic and include evaluations of market pricing, baseline costs, and value creation.
- Provide financial discipline and business decision support to evaluate long term and short term strategic business opportunities for Fluent.
- Refines Fluent target client prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations
Tactical/operational:
- Develops and maintains comprehensive Fluent financial model by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.
- Reports financial status of Fluent by developing forecasts; reporting results; analyzing variances; developing improvements.
- Accomplishes Fluent finance department human resource strategies by determining accountabilities; communicating and enforcing values, policies, and procedures; implementing recruitment, selection, orientation, training, coaching, counseling, disciplinary, and communication programs; planning, monitoring, appraising, and reviewing job contributions; planning and reviewing compensation strategies.
- Develops Fluent finance organizational procedures by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives.
- Establishes Fluent finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change.
- Identifies opportunities for Fluent operational improvement, cost reduction, and systems enhancement.
- Develop and promote a framework to drive financial acumen and accountability across Fluent; provide timely and meaningful analyses and reporting to Fluent operational leaders.
- Collaborate with internal partners to develop financial and tax strategies for Fluent.
- Collaborate with Fluent President on developing the operating budget. Oversee long-term budgetary planning and cost management in alignment with the strategic plan.
- Provide timely and accurate analysis of budgets, financial reports, and financial forecasting.
- Oversees all financial transactions, including billing, finance, accounting and reporting.
- Manage Fluents capital request process; conduct due diligence and recommendation on the timing and implementation and of significant development or technology investments.
- Accumulates capital to fund expansion; regular reporting on return on invested capital.
- Advise on contract negotiations from a financial impact perspective.
- Responsible for oversight of financial internal controls and coordination of all financial audits.
- Construct and monitor reliable control systems
- Maintain appropriate insurance coverage
- Ensure that the company complies with all legal and regulatory requirements
- Ensure that record keeping meets the requirements of auditors and government agencies
- Report risk issues to the audit committee of the board of directors
Oversee finance as a service operation for Fluent clients:
- Reports financial status of clients by developing forecasts; reporting results; analyzing variances; developing improvements.
- Monitors financial performance of Fluent clients by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.
- Develop and monitor policies and procedures within general accepted accounting principles (GAAP) and corporate guidelines to ensure sufficient cash flow, reduce operating costs, and increase revenues. Maintain general ledger structure, chart of accounts, policies and procedures to enable financial statement preparation and compliance with all required financial audits.
- Establish efficient workflows and business processes to meet the need of financial information of multiple internal and external stakeholders.
- Collaborate with underwriting and analytical teams to assimilate actuarial pricing and medical trend information into financial forecasts.
- Design and maintain a robust claims reserving process that is in compliance with actuarial standards.
- Collaborate with health plan finance leader to supervise the financial records of Fluent clients, ensure that bookkeeping is in order, best operational practices are implemented, and regulatory compliance is managed

 

Benefits

Benefits are effective day-one and include:

  • Competitive salaries<\>

  • Full medical, dental and vision insurance<\>

  • Flexible spending accounts (FSAs)<\>

  • Free wellness programs<\>

  • Paid time off (PTO)<\>

  • Retirement plans, including matching employer contributions<\>

  • Continuing education and career development opportunities<\>

  • Life insurance and short/long term disability programs<\><\>

     

    About New Mexico

    New Mexico’s unique blend of Spanish, Mexican and Native American influences contribute to a culturally rich life>Santa Fe’s artists, and you get an eclectic mix of people, places and experiences that make this state great.

     

    Cities in New Mexico are continually ranked among the nation’s best places to work and live by Forbes magazine, Kiplinger’s Personal Finance, and other corporate and government relocation managers like Worldwide ERC.

     

    New Mexico offers endless recreational opportunities to explore, and enjoy an active life> 

    AA/EOE/VET/DISABLED. PHS is a drug-free and tobacco-free employer with smoke free campuses.

     

    *LI-TP1

     

    NW123

     

Application Instructions

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