Stratum Med, Inc
About Watson Clinic
Watson Clinic strives to be your home for quality medical care. Located in Lakeland, Florida, about 45 minutes east of Tampa, Watson Clinic has served the community since 1941. With a staff of over 2,200 team members, more than 350 physicians and providers, 40 medical and surgical specialties, and 20 state‑of‑the‑art locations, we welcome well over a million outpatient visits each year.
General Summary Of Duties
The Chief Financial Officer (CFO) provides executive leadership for all financial operations of Watson Clinic, a physician‑owned, multi‑specialty medical practice. This is an in‑person/on‑site role. The CFO ensures sound financial management through oversight of accounting, finance, budgeting, capital planning, revenue cycle operations, and financial information systems. The CFO serves as a key strategic advisor to the CEO, Physician Board of Directors and senior administrative leadership, providing financial insight to support strategic planning, operational efficiency and long‑term growth.
Duties And Responsibilities
- Direct and coordinate clinic activities, program planning, organization, staffing and procedures for assigned operational departments (Accounting, Revenue Cycle and related finance functions).
- Lead the development, implementation and maintenance of financial policies, procedures and internal controls to ensure fiscal integrity and compliance with applicable laws and regulations.
- Oversee preparation, review and analysis of the clinic’s consolidated financial statements, operating budgets, forecasts and variance analyses.
- Develop and present financial models supporting new or modified programs, physician recruitment, service‑line expansions and facility or equipment acquisitions.
- Manage capital expenditures for facility expansion, practice acquisitions and major equipment purchases; maintain relationships with banking and financial institutions to support these transactions.
- Monitor and manage cash flow, liquidity and working capital to maintain financial stability and operational effectiveness.
- Ensure accurate allocation and distribution of income to physician partners in accordance with established compensation arrangements.
- Oversee revenue cycle operations to optimize charge capture, billing, collections and payer relationships.
- Review clinic operations to identify opportunities for cost containment, efficiency improvement and resource optimization.
- Evaluate and recommend appropriate insurance coverage levels for liability, property and general risk‑management programs.
- Serve as a staff resource to the CEO, Physician Board and administrative committees; present financial results, forecasts and strategic analyses as requested.
- Function as an administrative liaison to the Finance, Audit and Profit‑Sharing Committees, ensuring recommendations are implemented in compliance with legal and policy requirements.
- Coordinate external audit activities and tax compliance for Watson Clinic and affiliated entities, ensuring timely submission of all required filings.
- Prepare annual capital and operating budget projections for executive and board review.
- Maintain awareness of evolving healthcare reimbursement models, financial reporting standards and regulatory requirements impacting physician practices.
- Lead, develop and mentor finance leadership team members (Controller, Director of Provider Financials & Director of Patient Financial Services).
- Promote collaboration and open communication within the administrative team and across departments, fostering a high‑performance culture that aligns with Watson Clinic’s mission and values.
- Perform other duties as assigned by the Chief Executive Officer as necessary for the sound financial operation of the clinic.
Qualifications
Required:- Bachelor’s degree in Accounting, Finance or Business Administration.
- Licensed Certified Public Accountant (CPA).
- Minimum of 10‑15 years of progressive senior financial management experience, preferably as a CFO or equivalent in a large medical group, healthcare organization or multi‑specialty physician practice.
- Demonstrated expertise in financial reporting, forecasting and strategic analysis.
- Strong knowledge of healthcare reimbursement models and revenue cycle management.
- Proven experience managing capitalization for facilities, acquisitions and major equipment purchases.
- Excellent interpersonal and communication skills; proven ability to collaborate with physicians and executives.
- Proficient in financial systems and software, including advanced use of Microsoft Excel and other financial analysis tools.
- Some travel expected within Central Florida and occasional regional/national meetings; ability to travel to clinic locations and external meetings.
- Master’s degree in Business Administration (MBA), Finance, Accounting or related discipline.
- Physician‑owned or multi‑specialty practice experience; familiarity with partner distributions and physician‑comp plan governance.
- Experience with enterprise financial systems or ERP platforms.
Supervisory Responsibility
- Controller
- Director of Patient Financial Services (PFS)
- Director of Provider Financials
- Other departmental leaders as assigned
Knowledge, Skills and Abilities
- Demonstrated ability to lead through influence, build consensus and manage complex financial operations.
- Strong analytical skills with a proactive, strategic mindset.
- Commitment to ethical financial practices, transparency and accountability.
- Ability to maintain confidentiality of sensitive financial and organizational information.
- Ability to communicate effectively, both verbally and in writing.
- Ability to multi‑task, adapt to changing priorities and manage in a high‑stress environment.
- Demonstrated sound judgment, critical thinking and problem‑solving ability under pressure.