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The new CFO of Geisinger will provide strategic and operational leadership over the financial management of Geisinger. In partnership with the executive leadership team, will establish strategic financial, operational, clinical, and administrative goals and policies for the system. This position represents a unique and important role for Geisinger at a time of rapid change in the external environment. The successful candidate will have demonstrated experience working and influencing effectively in a highly matrixed and relationship-driven culture. Our client is seeking a dynamic financial executive to collaborate with the CEO and the executive leadership team to set enterprise-wide strategy, define the financial and non-financial objectives of individual entities and areas, and create a climate of accountability. The ideal candidate will have skills in forecasting, evaluating investment strategies and setting the course for diversifying revenue, Mergers & Acquisitions, utilizing technology and analytics to enhance and support decision-making capabilities in a competitive and fast-changing financial uncertainty with reimbursements and funding. A strategic and operationally focused approach to financial decision-making is required to ensure consumer-centric care is delivered to the highest quality with access for all patients supported by an integrated care delivery model.
Job Responsibility:
Ensure that the drive to high quality patient care in a safe environment is paramount
Be responsible for the short- and long-term financial health of Geisinger
Lead the strategic financial planning for the system’s multi-year plan, annual budget, and forecasting
determine and set capital structure
Build and maintain strong, collaborative relationships with Risant Health and Kaiser Permanente Finance leadership to ensure open, timely, and transparent communication
Act as a liaison with Risant Health and Kaiser Permanente Finance to align financial strategies, promote transparency, share critical information, and support enterprise-wide financial goals through consistent engagement and mutual accountability across all constituents
Recommend to leadership strategy for strengthening the enterprise through acquisition or divestment
Oversee and support the full range of health care financial functions including financial planning, reporting, and analysis
accounting services
revenue cycle
mergers and acquisitions
strategic planning and business development
and supply chain
Ensure that the operational and capital budgets are aligned with the institution’s strategies and goals
Develop and implement procedures, processes, and disciplines fundamental to maintaining a solid and reliable high quality and high control environment
cultivate an environment of collaboration, quality, responsibility, and accountability
Be responsible for the quality, accuracy, and timeliness of financial information provided to internal and external parties
Provide the professional leadership necessary to continue to enhance the best practices division, with superior customer service and strong relationships at all levels
Mentor and develop employees, including performance management and coaching
Drive a culture of transparency and collaboration
Facilitate the use of key performance indicators and metrics and drive the commitment to data-driven decision- making
Establish and support programs to address accreditation needs, and be accountable for ensuring appropriate Federal, State, and local regulatory agencies' requirements are met within the assigned areas of accountability
Maintains excellent working relations with external constituents
Works closely with investment bankers, underwriters and consultants to review, develop and implement required external bond financing for Geisinger Authority
Develop systems and reports required to meet informational requests, optimize credit rating, develop and implement appropriate covenants, and establish sinking fund and other mechanisms to ensure repayment
Embrace the purpose and values of Geisinger, including its strong commitment to diversity
Model and endorse integration across the organization
Support an effective communications system that interfaces with the medical staff and other Geisinger departments and facilities to ensure total quality patient care
Ability to understand, and optimize value-based care performance
Lead, enhance and drive performance in Strategy, Revenue Cycle, Cost Management, Revenue Diversification in a complex, and fast paced environment
Requirements:
Master’s degree in business or related field
Certified Public Accountant
Minimum of 10 years related work experience in an executive level, managerial capacity
Healthcare executive leadership – proven success as a senior leader in roles of expanding scope and scale in complex and high-achieving healthcare organizations
Direct experience with an integrated health plan and partnering with payers is desired
Business and Financial Management – clear understanding of the current operational and financial challenges and opportunities in healthcare, with demonstrated ability to manage P&L and revenue/cost drivers
Value based care – experience leading or facilitating the transition from volume to value-based care in a healthcare enterprise
Knowledge of reimbursement models, managing risk, and healthcare policy
People and Culture - accomplished people leader with demonstrated success in cultivating an inclusive organizational culture
Demonstrated success in attracting, developing, and retaining outstanding talent as well as building and motivating high performing teams
Strong Physician Relations – accomplished leader who collaborates well with a multi-disciplinary leadership and executive team members in an integrated delivery network