• Job Description

  Req#: 95114

  Job Details

  Job Location: Undisclosed

  Salary Range: Undisclosed

  Description

  Chief Financial Officer
  Reports to: CEO/Co-Founder

  The CFO is a member of MedZed’s Senior Leadership Team and plays a pivotal role in developing, leading, and driving all financial and IT strategies of the organization. This position is also a critical leader in driving margin expansion and growth across the organization, as well as providing leadership for the company’s IT functions.

  The person must simultaneously be a strategic thinker and hands on manager and is an engaged and established business leader with strong competencies in managed care finance, managed care business operations, and value-based care. She/he must demonstrate deep and consistent success in health insurance, managed care, value-based care, and corporate transaction work. This executive must be a team player who will assist the CEO, Board of Managers, and all members of the Senior Leadership Team in the continued positioning of MedZed as a leader in the marketplace. The person has a passion for numbers and will use her/his insights and observations to positively impact the organization.

  She/he must have a deep background in accounting, financial forecasting/budgeting, cash management, medical economics, provider contract pricing, and financial discipline. The CFO’s continuous focus on financial results will inform day-to-day activities as well as strategic actions. Further, the individual will demonstrate an ability to move data analysis to information that results in specific action that improves company effectiveness. A team player, the CFO is responsive to the needs of colleagues and places a high value on the company values, collaboration, and teaching.

  The CFO will manage all staff responsible for the following areas: Cash management, Billing, Reimbursement, Coding, Accounting, Payroll, A/R – A/P, Purchasing, Medical Economics, Actuarial, medical coding, and all IT functions. The ideal candidate has deep experience with managed care claim risk and will help the company evolve to a successful risk bearing entity.

  Essential Job Functions:

  • Supervises monthly/quarterly/annual closings and consolidations.
  • Prepares financial statements and monthly financial package including analysis of variances from budget and prior year.
  • Oversees the general accounting function, which includes inter-company accounting, cash management/reconciliation, financial reporting, balance sheet management, billing, accounts payable and payroll.
  • Accountable for ensuring that policies and procedures (internal controls) are in place to provide reasonable assurance that the company assets are protected.
  • Customer contract review and pricing negotiations
  • Leads and manages effort for potential transactions and capital raise processes.
  • Owns and leads the med-econ/actuarial functions in support of customer pricing, customer contract performance, contract reconciliations, claim liability valuation, and any other required analytics for all value-based arrangements.
  • Provides technical accounting/GAAP guidance and support to all company entities. At times, this may include involvement in due diligence and other activities surrounding acquisitions/dispositions.
  • Ensures all company financial records are maintained in compliance with company policies and GAAP.
  • Supervises the completion of Federal and State tax reporting requirements (including income, property, sales and use, payroll, and other local taxes), insurance reports and other reports required by government regulation.
  • Oversees the company’s evolution to becoming a risk bearing entity.
  • All financial, medical economics, and actuarial analysis are required to enable good decision making and understand detailed performance of the company.
  • Own the annual budget process, including forecasts on at least a quarterly basis throughout the budget year.
  • Lead all IT functions and ensure all aspects of the company’s data, network, and technology needs are anticipated and met in a timely manner, including all security aspects of the company’s data/network infrastructure.
  • Other strategic initiatives as assigned and in support of the financial and operational success of the company.

  Qualifications

  
  

  Qualifications

  • Undergraduate Degree in Finance or Accounting (CPA/MBA preferred)
  • Proven track record of at least 10+ years of senior financial leadership experience in the managed care/value-based care industries, including multi-state oversight.
  • Deep understanding of managed care finance, value-based care models, and provider risk arrangements.
  • Strong analytical skills and strategic mindset, with the ability to translate financial data into actionable insights.
  • Must be familiar with medical billing processes including HIPAA transaction sets, EDI, clearinghouse processes, claim denials and rejections.
  • Previous experience leading all or a major portion of a healthcare organization’s IT functions, specifically in managed care or value-based care.

  Desired skills, Education and Experience

  • Experience with privately held and/or private equity backed organizations and exposure to the dynamics of a high-growth and/or highly changing environment.
  • Strong interpersonal and communication skills
  • Creative, organized, and flexible with a can-do attitude
  • Proven ability to work within a team environment.
  • Results driven style with a need to own your work.
  • Ability to handle multiple priorities with competing deadlines.
  • Technologically savvy with full knowledge of Microsoft Office (Excel/PowerPoint/Word)
  • Demonstrated ability to form, lead and develop high-performing teams.
  • Ability to work collaboratively across departmental functions.
  • Excellent communication and leadership skills
  • Deep experience with managed care, value-based care, and risk bearing entities
  • Healthcare experience.
  • We offer a competitive salary package (base + bonus & incentives) along with ownership and a comprehensive benefits package

• About the company

  Our Mission is to improve the lives and reduce the need for emergency department visits and hospital admissions for managed and value-based care populations.

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