ACG Cares
Vice President & Divisional CFO, Affiliate Finance
ACG Cares, Nashville, Tennessee, United States, 37247
Overview
Discover Vanderbilt University Medical Center : Located in Nashville, Tennessee, and operating at a global crossroads of teaching, discovery, and patient care, VUMC is a community of individuals who come to work each day with the simple aim of changing the world. It is a place where your expertise will be valued, your knowledge expanded, and your abilities challenged. Vanderbilt Health is committed to an environment where everyone has the chance to thrive and where your uniqueness is sought and celebrated. It is a place where employees know they are part of something that is bigger than themselves, take exceptional pride in their work and never settle for what was good enough yesterday. Vanderbilt's mission is to advance health and wellness through preeminent programs in patient care, education, and research.
Organization:
HR Talent Acquisition
Job Summary Vanderbilt Health Executive Search Team is conducting a national search for our next Vice President & Divisional CFO, Affiliate Finance, reporting to the System CFO. The Divisional Chief Financial Officer (DCFO), Affiliate Finance provides financial management, analysis and support enabling Vanderbilt University Medical Center (VUMC)'s wholly-owned and affiliated organizations to achieve operational, financial, and strategic goals and initiatives. Currently, VUMC has approximately 19 wholly-owned LLCs or joint venture entities under a single member LLC, Vanderbilt Health Services or held directly by VUMC. The business lines included are a Rehabilitation Hospital, Surgery Centers, Cancer Treatment Centers, Imaging Centers, Home Care, Home Infusion, DME, and Laundry & Linen Services. Also included is the Vanderbilt Health Affiliated Network, LLC (VHAN), a clinically integrated network with membership across Tennessee owned and managed by VUMC but governed by a Board made up of the health system and physician practice members. The DCFO will work in conjunction with senior and affiliate organization leadership and various affiliate operating boards, as needed. A highly visible position within the organization, the DCFO serves as an advisor to the affiliate leadership teams (Executive Directors, COO, CMO, CNO, and Vice Presidents) regarding the strategic financial development and operational financial management of the affiliate division as an extension of the VUMC finance team. Reporting to the DCFO is the VP of Finance for VUMC Department of Population Health and VHAN and the Director of Financial Planning & Analysis for VHS. Also providing key support are the Controller for VHS and the Controller for Population Health and VHAN who report directly to the VUMC Controller but provide critical support to the DCFO.
The DCFO plays a key role in corporate governance serving as the Secretary/Treasurer for the VHS holding company and serving as the Secretary/Treasurer for VIP, LLC a Physician Management and Staffing Company that provides management services and staffing to VHS entities and in addition operates regional clinics. Currently the position serves on the New Light Imaging Board, a joint venture majority-owned by VHS and responsible for managing 4 JV Imaging Companies as well as serving on the boards of two of the managed JV companies. The position serves as a Board Member for two ambulatory surgery centers, a home infusion company, and a joint venture rehabilitation hospital managed by JV partners. The DCFO serves as a board member and Chair of the Finance Committee for Shared Hospital Services Corporation, a laundry and linen co-op serving multiple health care systems primarily in the Middle Tennessee area. The DCFO serves as the Secretary/Treasurer for Nashville BioSciences, LLC, a wholly owned entity of VUMC that supports research and development activities for VUMC, VU and Commercial Enterprises outside the Medical Center.
The DCFO plays a key role supporting VUMC's Department of Population Health, including serving as the Secretary of the Board and a member of the Finance Committee for VHAN. In addition, the DCFO serves as Treasurer for two ACOs made up of VUMC and/or VHAN members that participate in the Medicare Shared Savings Program, with the potential to expand to a 3rd ACO. The DCFO plays an advisory role on behalf of VUMC in the review of business plans sponsored by Population Health including Value-based Contracts, Employer Health Solutions, Medicare Shared Savings Programs, and Bundles.
Responsibilities
Career track of progressive, documented accomplishments in increasingly complex financial management roles in a large, complex organization or multi-facility enterprise. Ideal professional record demonstrates the capacity to establish leadership of a service-oriented function within a multi-faceted academic healthcare enterprise.
Advise and educate management on all aspects which financially impact the affiliate services division's operations. Serve as an advisor and consultant to leadership on policies, operations and financial positioning. Act as a key member of the various affiliate leadership teams and work in a team-oriented environment.
Develop financial and business structures for start-up organizations that support goals, including planning and accounting systems that meet affiliate and VUMC needs.
Understand financial and business structures and their relationship to parent corporations.
Support identification and acquisition of start-up and supplemental capital to meet growth needs.
Support management in detailed financial operational planning for newly formed start-up services, coordinating with external consulting, legal counsel, and internal leadership to finalize plans and execute them.
Direct, plan and organize the financial operations of the affiliate division including financial planning, budgeting, and analysis; communicate financial information and collaborate with management on business strategy.
Develop and communicate finance policies regarding accounting, budgeting, internal controls, compliance, and capital.
Facilitate organization-wide strategic planning, prioritization and resource allocation with VUMC and Affiliate leadership; ensure compliance with institutional calendars and reporting requirements.
Represent a healthcare organization in the community and with boards to enhance goodwill and relations.
Analyze opportunities for acquisitions and divestitures aligned with organizational strategy.
Lead organizational change, engaging employees and translating vision into actionable plans.
Executive-level experience with general accounting principles and practices; strong written, oral, and electronic communications; leadership and strategic planning skills.
Demonstrate financial analysis skills and experience with data management strategies.
Develop and retain high-performing talent; provide coaching and development; recognize achievements.
Establish and maintain objectives and strategy for affiliate finance aligned with VUMC; manage budget, capital allocations, and reporting.
Analyze and present financial data clearly to executive leadership; provide recommendations on revenue, expenses, labor, growth, and capital.
Support preparation of government reports, third-party reviews, and external financial information in collaboration with VUMC Revenue and Reimbursement and the Controller; monitor economic, demographic, and government changes and their impact.
Qualifications
Bachelor's degree in Accounting, Business or a related field.
Master's degree in Business, Finance or Health Administration preferred.
CPA or CMA license or the equivalent preferred.
8 years of prior health care finance management and leadership experience required. Preferable experience includes working with public accounting firms and prior experience as a CFO or controller within a health care organization.
#LI-AM1
Our professional administrative functions include critical supporting roles in information technology and informatics, finance, administration, legal and community affairs, human resources, communications and marketing, development, facilities, and many more.
At our growing health system, we support each other and encourage excellence among all who are part of our workforce. High-achieving employees stay at Vanderbilt Health for professional growth, appreciation of benefits, and a sense of community and purpose.
Core Accountabilities Core Capabilities
Position Qualifications
Responsibilities
Certifications
Work Experience
Relevant Work Experience
Experience Level
7 years
Education
Master's
Vanderbilt Health is committed to fostering an environment where everyone has the chance to thrive and is committed to the principles of equal opportunity. EOE/Vets/Disabled.
#J-18808-Ljbffr
Organization:
HR Talent Acquisition
Job Summary Vanderbilt Health Executive Search Team is conducting a national search for our next Vice President & Divisional CFO, Affiliate Finance, reporting to the System CFO. The Divisional Chief Financial Officer (DCFO), Affiliate Finance provides financial management, analysis and support enabling Vanderbilt University Medical Center (VUMC)'s wholly-owned and affiliated organizations to achieve operational, financial, and strategic goals and initiatives. Currently, VUMC has approximately 19 wholly-owned LLCs or joint venture entities under a single member LLC, Vanderbilt Health Services or held directly by VUMC. The business lines included are a Rehabilitation Hospital, Surgery Centers, Cancer Treatment Centers, Imaging Centers, Home Care, Home Infusion, DME, and Laundry & Linen Services. Also included is the Vanderbilt Health Affiliated Network, LLC (VHAN), a clinically integrated network with membership across Tennessee owned and managed by VUMC but governed by a Board made up of the health system and physician practice members. The DCFO will work in conjunction with senior and affiliate organization leadership and various affiliate operating boards, as needed. A highly visible position within the organization, the DCFO serves as an advisor to the affiliate leadership teams (Executive Directors, COO, CMO, CNO, and Vice Presidents) regarding the strategic financial development and operational financial management of the affiliate division as an extension of the VUMC finance team. Reporting to the DCFO is the VP of Finance for VUMC Department of Population Health and VHAN and the Director of Financial Planning & Analysis for VHS. Also providing key support are the Controller for VHS and the Controller for Population Health and VHAN who report directly to the VUMC Controller but provide critical support to the DCFO.
The DCFO plays a key role in corporate governance serving as the Secretary/Treasurer for the VHS holding company and serving as the Secretary/Treasurer for VIP, LLC a Physician Management and Staffing Company that provides management services and staffing to VHS entities and in addition operates regional clinics. Currently the position serves on the New Light Imaging Board, a joint venture majority-owned by VHS and responsible for managing 4 JV Imaging Companies as well as serving on the boards of two of the managed JV companies. The position serves as a Board Member for two ambulatory surgery centers, a home infusion company, and a joint venture rehabilitation hospital managed by JV partners. The DCFO serves as a board member and Chair of the Finance Committee for Shared Hospital Services Corporation, a laundry and linen co-op serving multiple health care systems primarily in the Middle Tennessee area. The DCFO serves as the Secretary/Treasurer for Nashville BioSciences, LLC, a wholly owned entity of VUMC that supports research and development activities for VUMC, VU and Commercial Enterprises outside the Medical Center.
The DCFO plays a key role supporting VUMC's Department of Population Health, including serving as the Secretary of the Board and a member of the Finance Committee for VHAN. In addition, the DCFO serves as Treasurer for two ACOs made up of VUMC and/or VHAN members that participate in the Medicare Shared Savings Program, with the potential to expand to a 3rd ACO. The DCFO plays an advisory role on behalf of VUMC in the review of business plans sponsored by Population Health including Value-based Contracts, Employer Health Solutions, Medicare Shared Savings Programs, and Bundles.
Responsibilities
Career track of progressive, documented accomplishments in increasingly complex financial management roles in a large, complex organization or multi-facility enterprise. Ideal professional record demonstrates the capacity to establish leadership of a service-oriented function within a multi-faceted academic healthcare enterprise.
Advise and educate management on all aspects which financially impact the affiliate services division's operations. Serve as an advisor and consultant to leadership on policies, operations and financial positioning. Act as a key member of the various affiliate leadership teams and work in a team-oriented environment.
Develop financial and business structures for start-up organizations that support goals, including planning and accounting systems that meet affiliate and VUMC needs.
Understand financial and business structures and their relationship to parent corporations.
Support identification and acquisition of start-up and supplemental capital to meet growth needs.
Support management in detailed financial operational planning for newly formed start-up services, coordinating with external consulting, legal counsel, and internal leadership to finalize plans and execute them.
Direct, plan and organize the financial operations of the affiliate division including financial planning, budgeting, and analysis; communicate financial information and collaborate with management on business strategy.
Develop and communicate finance policies regarding accounting, budgeting, internal controls, compliance, and capital.
Facilitate organization-wide strategic planning, prioritization and resource allocation with VUMC and Affiliate leadership; ensure compliance with institutional calendars and reporting requirements.
Represent a healthcare organization in the community and with boards to enhance goodwill and relations.
Analyze opportunities for acquisitions and divestitures aligned with organizational strategy.
Lead organizational change, engaging employees and translating vision into actionable plans.
Executive-level experience with general accounting principles and practices; strong written, oral, and electronic communications; leadership and strategic planning skills.
Demonstrate financial analysis skills and experience with data management strategies.
Develop and retain high-performing talent; provide coaching and development; recognize achievements.
Establish and maintain objectives and strategy for affiliate finance aligned with VUMC; manage budget, capital allocations, and reporting.
Analyze and present financial data clearly to executive leadership; provide recommendations on revenue, expenses, labor, growth, and capital.
Support preparation of government reports, third-party reviews, and external financial information in collaboration with VUMC Revenue and Reimbursement and the Controller; monitor economic, demographic, and government changes and their impact.
Qualifications
Bachelor's degree in Accounting, Business or a related field.
Master's degree in Business, Finance or Health Administration preferred.
CPA or CMA license or the equivalent preferred.
8 years of prior health care finance management and leadership experience required. Preferable experience includes working with public accounting firms and prior experience as a CFO or controller within a health care organization.
#LI-AM1
Our professional administrative functions include critical supporting roles in information technology and informatics, finance, administration, legal and community affairs, human resources, communications and marketing, development, facilities, and many more.
At our growing health system, we support each other and encourage excellence among all who are part of our workforce. High-achieving employees stay at Vanderbilt Health for professional growth, appreciation of benefits, and a sense of community and purpose.
Core Accountabilities Core Capabilities
Position Qualifications
Responsibilities
Certifications
Work Experience
Relevant Work Experience
Experience Level
7 years
Education
Master's
Vanderbilt Health is committed to fostering an environment where everyone has the chance to thrive and is committed to the principles of equal opportunity. EOE/Vets/Disabled.
#J-18808-Ljbffr