Advocate Aurora Health · 4 months ago
Chief Financial Officer - Wake Area Financial Operations
Atrium Health Wake Forest Baptist - Medical Center Blvd, Winston Salem, NC
Full-time
Onsite
Director/Executive
$170.90/hr - $273.45/hr
10+ years expAdvocate Aurora Health is a leading nonprofit integrated health system in the United States. They are seeking a Chief Financial Officer for Wake Area Financial Operations, responsible for financial operations across the organization, including financial reporting, budgeting, and strategic financial analysis.
Health Care
Responsibilities
Serves as the accountable finance leader for financial operations, including managing performance of the clinical assets (wholly owned and joint venture/other partnerships) and influencing and supporting performance of academic (education & research), and corporate (administrative and clinical) assets and departments
Manages, plans, and organizes the financial operations of AHWFB, including financial performance, analytics and reporting, planning, budgeting and capital management
Directs completion and reviews/reports on financial performance. Identifies, assesses, documents, and monitors opportunities to maximize revenue and manage expenses. Identifies and drives opportunities for savings with the executive leadership team. Evaluates and improves financial operations and related policies to ensure that they best support an integrated approach to service delivery
Leads collaboration efforts with Atrium Health Wake Forest Baptist (AHWFB), Wake Forest School of Medicine (WFSOM), Enterprise Academics as well as the Advocate Health Finance Leadership Team, ensuring alignment, completion and maintenance of annual Long Range Financial Plan and operating and capital budget processes. Analyzes variances to budgets/forecasts and communicates to Area and Division operations and finance leadership. Partners with operations leaders to ensure financial targets are met and/or exceeded
Advises Wake Area leadership on financial performance while also serving as a strategic liaison to key enterprise departments—such as corporate accounting, managed health resources and reimbursement, revenue cycle, health information management, supply chain, human resources, nursing, IT, and facilities management. Acts as a conduit between area leadership and enterprise functions to align priorities and drive performance
Works collaboratively with operations management and corporate revenue cycle departments (Patient Access and Patient Financial Services, Health Information Management, Clinical Documentation Improvement, Reimbursement) to optimize revenue and performance, and better understand/enhance payer and reimbursement trends
Standardizes work, processes and deliverables and ensures financial integration within and across the Area and individual patient care sites
Presents financial information to governance boards and subcommittees and Area/Division executive and management teams
Represents NC/GA Division and AH CFO(s), as applicable, in advising Enterprise leadership via committee, working groups, project teams, etc., in the domains of revenue growth, expense management, and strategic planning, particularly for clinical/service line and corporate operations
Qualification
Required
Bachelor's degree from an accredited college or university is required
Master's degree in business, finance, accounting, healthcare administration, or a related field is required
A minimum of 10 years of progressive leadership experience in health system finance and operations is required
Comprehensive experience in senior financial management, including substantial experience in complex P&L management, financial reporting, accounting policy development, internal control design and remediation, systems implementation, not for profit tax compliance, and management of internal and external audit issues
Demonstrates an understanding of the intersection of research, teaching, and clinical care in an academic health center
Deep understanding and experience with comprehensive revenue cycle management and reimbursement, as well as the systems that support the function and a measurable track record of success in cost management
Knowledge of fundamentals and advance practices in the field of financial management as it relates to integrated health systems and hospitals
Commitment to truth and transparency; leads with authenticity
Ability to quickly respond to organizational constraints and industry pressures which occur in an environment of intense change
In-depth understanding of the key business issues and emerging trends in the healthcare industry
Demonstrates capacity to rapidly analyze and synthesize relevant quantitative and qualitative information
Proven ability to conceptualize issues and develop pragmatic solutions
High energy, drive for results and focus on creating value on a sustained basis
Pursues innovation; drives the organization to advance the mission via breakthrough thinking
Visible and unifying leader
Ability to create and sustain outstanding interpersonal relationships; engenders trust and respect
Inspires excellence among staff and sets the tone for the organization's further growth and success
Able to lead and influence change in a matrix environment
Possess strong management skills, ability to multi-task, and be able to direct and evaluate the performance of others
Preferred
Prior experience as a CFO within an academic health system with annual revenues exceeding $2 billion is preferred
Professional certification such as a CPA and/or HFMA and ACHE designations is preferred
Direct CFO or Senior Finance experience in a hospital or health system with multi-site, multi-disciplinary components, including Medical School and Research/Innovation business units and Medical Group/Service Lines is strongly preferred
Benefits
Paid Time Off programs
Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
Flexible Spending Accounts for eligible health care and dependent care expenses
Family benefits such as adoption assistance and paid parental leave
Defined contribution retirement plans with employer match and other financial wellness programs
Educational Assistance Program
Company
Advocate Aurora Health
Advocate Aurora Health is a Healthcare
10001+ employees
Funding
Current Stage
Late StageTotal Funding
$10.17MKey Investors
National Cancer Institute
2022-12-02Acquired
2019-08-20Grant· $10.17M
Leadership Team
Don Fosen - CISM, HCISPP
Chief Technology Officer
Jon Kluge
Chief Operating Officer, Senior Vice President, Advocate Aurora Medical Group
Recent News
GlobeNewswire News Room
2025-02-17
Home Health Care News
2024-03-30
Charlotte Business Journal
2023-11-21
Company data provided by crunchbase