Vice President of Finance

divh2Vice President Of Finance And Value-Based Care/h2pLarge, multi-specialty medical practice group/ppLouisville, Kentucky/ppThe Company/ppAs a network of more than 300 points of care, including over 1,600 employed physicians and advanced practice clinicians across Kentucky, Illinois, and Southern Indiana, we represent more than 75 specialty areas. Our focus is on primary care and family medicine, internal medicine, osteopathic medicine, emergency medicine, general surgery, and a wide range of surgical specialties offers advanced treatment and care. Your role as Vice President of Finance and Value-Based Care will have a significant impact on our ability to provide these services./ppScope of the Job/ppVice President of Finance and Value-Based Care will be located at corporate Headquarters in Louisville, KY and will report to the System Chief Financial Officer with a dotted line to the system Chief Health Integration Officer. The Vice President of Finance and Value-Based Care (including Home Care), has responsibility for the financial management, reporting, budgeting, strategic financial planning, provider compensation, coding, and revenue cycle, including professional medical billing, revenue integrity, accounts receivable operations, coding education, workflows, and rural health management. The successful candidate will possess excellent verbal and written communication skills along with the ability to collaborate effectively with leaders across the system in a dynamic healthcare environment. Also, with the systems Chief Financial Officer, the incumbent will contribute to the building of long-range financial plans and the implementation of strategies to achieve the operating and financial targets./ppAs the most senior finance leader within the medical group, the Vice President of Finance and Value-based Care will lead the development of the financial dashboards, which are appropriate for end users across the system. Financial management of the medical group will require proficiency in physician compensation models, working knowledge of wRVUs and professional fee reimbursement, as well as subject matter expertise in the MGMA physician compensation and cost survey(s) to be used for external benchmarking. The Vice President of Finance and Value-Based Care, working collaboratively with the system support and individual market finance teams, will develop, implement, and ensure compliance with financial and accounting policies and procedures./ppIn collaboration with System revenue cycle leaders, the Vice President of Finance and Value-Based Care is responsible for the development of revenue cycle best practices and key performance metrics targets (which includes management of the day-to-day functions to ensure accurate and timely patient and payor billing, clinical coding, collections and analysis of patient accounts receivable) with the goal of improving net revenue and cash flow through optimal management of accounts receivables and coding./ppBy providing effective leadership, direction, and management of these areas and the integrity of their work product, the Vice President of Finance and Value-Based Care will support the systems mission and vision, as well as the organizational goals of the Medical Group, the ACO/CIN, and Home Care./ppResponsibilities Include:/ppFinancial Planning Analysis/pulliAnalyze new and existing services for financial viability/liliAnalyze and assist in the development of business plans for new and replacement physicians and APCs/liliEnsure the appropriateness and integrity of financial projections used in all physician employment and/or practice acquisition transactions/liliOversee Value-Based Care performance results related to the ACO, CIN, and Home Care/liliContinually monitor investment by practice, physician, market, and region - Recommend action plans to improve physician and practice financial performance./liliBenchmark staffing per practice to help ensure appropriate staffing level - Engage in Position Control/liliAnalyze, develop, monitor, and lead financial improvement initiatives/li/ulpFinancial Management and Reporting/pulliCoordinate preparation of annual operating and capital budgets/liliReport financial performance by physician, practice, specialty, market, region in practice format/liliPrepare and update cost allocation methodology on practice and group level/liliEnsure revenue management, production, financial, accounts payable, payroll, and budget reports are prepared and distributed timely/liliPresent annual budget to the Board and Board committees/liliProvide leadership in presenting monthly performance to and with leadership in all markets and all entities/liliPresent monthly financial performance updates to the Board, Board committees, and management committees/li/ulpProvider Compensation/pulliAdminister compensation plan, including incentive payments/liliCoordinate with the Physician Integration team to ensure compensation is paid per contract/liliEnsure work RVUs are adjusted according to policy for reporting and compensation purposes/liliRelate to providers on compensation payments and production questions/liliDistribute monthly production reports to providers/liliCommunicate productivity benchmarks to leadership and providers/liliParticipate in the development of compensation model and related policies/liliEnsure medical director fees and locum vendor payments are substantiated with adequate documentation and made according to policy/liliBe an active member of the Executive Review Committee (Physician Contracting)/li/ulpRevenue Cycle Management/pulliMaintain fee schedule and methodology/liliEnsure education and monitoring of site of service performance/liliMonitor denial management/liliMonitor revenue cycle performance and communicate issues and recommendations to leadership/liliPartner with Epic team and Epic representatives/liliEstablish key metrics and performance indicators, analyze operating results, and take adequate steps to correct shortfalls in performance/liliIn collaboration with System leaders: create, update, and implement Revenue Cycle policies, process flows, procedures/liliEnsure that accounts receivable is worked in a timely and effective fashion/liliOversee management of claim rejections and denials/liliReport on AR, denials, adjustments, and/or billing/claim processing issues/liliMaintain a strong understanding of revenue cycle accounting, particularly with analyses, data mining, and comparison reporting./li/ulpCoding Clinical Documentation Improvement (CDI)/pulliDevelop short- and long-term goals, along with measurable targets designed to improve efficiency, quality of care, clinical documentation, timeliness, productivity, service excellence and appropriate reimbursement for services/liliDisseminate progress towards goals to leadership/liliEnsure coders meet or exceed productivity and quality standards/liliImplement coding best practices and adherence to ethical coding standards/liliEnsure all coding and documentation meets standards of accuracy and timeliness/liliOversee provider education regarding documentation and coding/liliIn Collaboration with System leaders: develop, implement an effective CDI program/li/ulpRural Health Management/pulliDevelop and implement a Rural Health growth strategy, to increase access and improved reimbursement/liliEnsure compliance with reimbursement and other regulations/liliOversight for process improvement initiatives related to rural health strategy, provider enrollment, billing, reimbursement and cost reporting support/liliEnsure reimbursement is accurate and timely/li/ulpAccounting/pulliMaintain close working relationship with corporate and market accounting and finance teams to ensure accurate accounting and maintenance of general ledger/liliProvide consultation to corporate accounting teams regarding specific medical group transactions and reporting requirements/liliAssist in the financial audit process as requested/li/ulpEducation/pulliIn cooperation with the corporate and market finance teams, develop an educational program for regional, market and practice managers to further their knowledge of and skills in using financial and practice operations information. Conduct educational sessions on a routine basis./liliMeet with physicians on a routine basis (individually or group setting) to discuss financial performance, forecasts, expectations and concepts/liliProvide education to providers regarding compensation, wRVUs and maximizing productivity incentives through increased access and appropriate documentation and coding/li/ulpCandidate Requirements/polliDegree in Accounting or Finance. MBA, MHA, and/or CPA are highly desirable./liliA minimum of ten (10) years of finance/operations experience in a large, integrated health system./liliA minimum of 5 years or more in medical group senior management./liliKnowledge of physician compensation plans./li/olpCompensation/ppA compensation package will be designed to attract outstanding talent and will include a base salary, and an attractive benefits package./ppContact/ppTracy Wolfe/ppZingaro, Fidler, Wolfe Company/pptwolfe@zingaro.com/pp512 32/p/div