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Chief Financial Officer - AMITA Health Medical Group

We're Hiring

Title: CFO-AHMG

City, State: Lisle,IL

Location: Navistar

Department: Abag Admin

Additional Job Details: Full-Time,Day, 40 hours,Weekly

Why Join AMITA?

AMITA Health (www.AMITAhealth.org) is a joint operating company formed by the Adventist Health System in Altamonte Springs, FL and St. Louis, MO based Ascension.

With the addition of Presence Health, AMITA Health is now the largest health system in Illinois, comprising 19 hospitals and more than 230 sites of care. The newly combined health system has 900 providers in its medical groups, more than 26,000 associates and 7,000 physician partners and now serves over 4.3 million residents in the greater Chicagoland area.

What You Will Do

Job Summary:

The Vice President and Chief Financial Officer Physician Enterprise will have accountability for financial oversight of AMITA Health Medical Group (AHMG). The CFO Physician Enterprise, in partnership with the AHMG Chief Executive, will be responsible for financial performance within AHMG, with a focus on strategy, analytics, financial and operational performance, integration savings and improvement initiatives. Reports directly to the AMITA Health Medical Group CEO with dotted line accountability to the AMITA Health Executive Vice President and Chief Financial Officer.

Responsibilities:
  1. Financial performance analysis of all ministries within AHMG, including holding ministry leadership accountable for their specific performance relating to budgets & other specific goals and benchmarks.
    • Lead and oversee all financial integration activities for mergers, as well as for medical practice acquisitions.
    • Collaborate with the AMITA Health Medical Group CEO and all of the Care Delivery CEOs and CFOs on all financial issues, supporting them as necessary in the management of their respective Care Delivery business unit. Take leadership role and ensure impact of Physician Enterprise initiatives on hospital operations is appropriately communicated and accounted for.
      • In collaboration with Revenue Cycle leader for AMITA Health, oversee Revenue Cycle function for Physician Enterprise and ensure targets are met and function performs efficiently and effectively.
      • Oversight of preparation of pro formas for new physician hires and strategic initiatives
      • Collaboration with Decision Support to determine ROI on proposed initiatives and hires
      • Monitoring of performance against pro formas, and ensuring action planning if investments underperform
      • Review contribution margin of the medical group, by physician and by market, at least biennially, and make recommendations to the CEO as appropriate relative to underperforming investments
      • Oversight of preparation of mid-month projections and month- and year-end financial statements
      • Lead and oversee the budget development process,
      • Working with medical group CEO and Executive Leaders, develop and distribute, on a regular basis, dashboards for key financial and revenue cycle metrics and initiatives
      • Guide and monitor progress on all initiatives for performance improvement within AHMG including:
        • achievement of integration savings targets.
        • achievement of anticipated pro formas and ROIs
      • Develop and implement pricing strategies for the medical group to ensure
        • Revenue maximization
        • Consumer transparency
        • Competitive pricing
        • Consistency with CIN/payer contracting strategies
      • Collaborate with Care Delivery ministry leadership to develop and implement strategies for revenue growth and expense control.
        • Oversight of preparation of pro formas for new physician hires and strategic initiatives
        • Collaboration with Decision Support to determine ROI on proposed initiatives and hires
        • Monitoring of performance against pro formas, and ensuring action planning if investments underperform
        • Review contribution margin of the medical group, by physician and by market, at least biennially, and make recommendations to the CEO as appropriate relative to underperforming investments.
      • In collaboration with Revenue Cycle leader for AMITA Health, oversee Revenue Cycle function for Physician Enterprise and ensure targets are met and function performs efficiently and effectively.
      • Collaborate with the AMITA Health Medical Group CEO and all of the Care Delivery management of their respective Care Delivery business unit. Take leadership role and ensure impact of Physician Enterprise initiatives on hospital operations is appropriately communicated and accounted for.
      • Lead and oversee all financial integration activities for mergers, as well as for medical practice acquisitions.

Other Duties and Responsibilities:
    • Support/Partner with the AMITA Health SVP of Budget and Decision Support in development of annual operating and capital budgets for AHMG within the Care Delivery division, as well as hold ministry leadership accountable for achieving the budgets and related productivity targets.
      • Develop a budget calendar and coordinate medical group deliverables and deadlines with key operational and executive stakeholders
      • Ensure accurate and timely compilation of all departmental budgets from all appropriate hospital, service line and medical group leaders
      • Ensure appropriate coordination of related downstream budgets with hospitals and service line leaders
    • Oversee VP Financial Operations in evaluating and analyzing existing service lines, as well as new business opportunities for AHMG.
    • Support the AHMG Vice President, Financial Operations during the monthly close process. Work with Controller to review and understand financial statements issued, be prepared to discuss variances from budget with senior management at AMITA and AHMG. Ensure and monitor action planning for material adverse variances. Make recommendations to the CEO as appropriate.
    • Participate in performance improvement, team development, and associate and provider engagement activities and programs as appropriate.
    • Serve as a member of the Medical Group's executive team, and participate on Medical Group Committees and Councils as assigned. Co-Chair the Finance Committee of the AMITA Health Medical Group System Operations Council.

Organizational Responsibility:

Shares in the vision of AMITA Health, demonstrates its values, supports its philosophy and is sensitive to its mission. Demonstrates knowledge of and follows Departmental and AMITA policies and procedures as outlined in the Employee Handbook and Administrative Policies and Procedures Manual. Follows a regimen for professional growth. Therapeutically interacts with each person/age group according to their various developmental needs. Knowledgeable of and conforms to the Administrative Policy on "Abuse and Interpersonal Violence: Guidelines for Treatment in Emergency and Hospital Settings". Performs all other duties related to this job and responsibilities as assigned.

Disclaimer:

This Job Description is only a summary of the general functions of the position, not an exclusive or comprehensive list of all possible job responsibilities, tasks, or duties. All Job Descriptions are a work in progress and can be changed at any time.
Qualifications

Education:
  • Bachelor's Level Degree
    • Bachelor's degree required
    • Master's degree preferred

Work Experience:
  • Ten years of experience in a financial leadership role, with five years or more in the role of CFO within a large, multi-specialty medical group as part of a health system. Experience with mergers/acquisitions as it relates to physician practices

Equal Employment Opportunity

AMITA Health will provide equal employment opportunities (EEO) to all associates and applicants for employment regardless of race, color, religion, national origin, gender, sexual orientation, gender identification or expression, age, disability, marital status, amnesty, genetic information, carrier status or any other legally protected status or status as a covered veteran in accordance with applicable federal, state and local laws.
AMITA Health 
Location: LisleIL 60532
Document ID: AC313-1Y9A  
Job Type:  Regular

Job Schedule: Full-time


Posted on: 2018-11-1211/12/2018
2018-12-12
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