Riverside Healthcare · 3 months ago
Vice President & Chief Financial Officer, Treasurer
Kankakee, IL
Full-time
Onsite
Director/Executive
$367K/yr - $581K/yr
10+ years expRiverside Healthcare is a leading healthcare provider dedicated to mission-centered care. The Vice President and Chief Financial Officer (CFO), Treasurer plays a pivotal role in shaping the financial strategy and operational efficiency of the organization while guiding it through a dynamic healthcare landscape.
Health CareHospitalHospitality
Responsibilities
Provides forward-thinking financial leadership to support Riverside’s mission of patient-centered care and long-term stability
Proactively guides the organization through healthcare reform, change initiatives, and emerging industry trends, creating a compelling vision for the financial future
Serves as a strategic partner to operational leadership to strengthen enterprise-wide financial performance and drive operational efficiencies
Delivers credible, accurate, and timely financial statements and reports, maintaining standards aligned with organizational objectives and health system practices
Ensures compliance with regulations and real-time, data-driven insights for better forecasting, budgeting, and resource allocation
Provides oversight of the 340b program for the health system
Oversees all treasury management, capital strategies, and financing initiatives, optimizing liquidity, investment, and banking relationships
Oversees asset management. as well as banking, investment banking and credit rating relationships
Develops short, intermediate and long range financial strategic plans and anticipates where the organization needs to be in the changing healthcare environment
Is a strategic partner to Operations leadership to strengthen the financial performance of operations within Riverside Healthcare
Leads the continued development of overall operational efficiencies within the Finance and Information Systems divisions
Oversees revenue cycle management, financial operations, materials management, and IT-enabled finance transformation
Champions data-driven decision-making through advanced analytics, financial modeling, and reporting systems, maintain A bond rating performance
Collaborates with Riverside Medical Group leadership and legal counsel to establish and implement provider compensation models and strategies
Provides leadership for mergers, acquisitions, partnerships, and other strategic growth initiatives
Develop and execute analysis of various business initiatives (e.g., opening new operations, new service launches)
Oversees managed care strategy and clinically integrated network relationships in alignment with organizational goals
Guides Health System Information Technology planning and oversight of initiatives to enhance operations, analytics capabilities, and cybersecurity risk mitigation and planning
Champions and guides the responsible use of AI for efficiency, innovation, data modelling, and automation as a key health system strategy
Drives AI strategy to ensure investments align with business goals and deliver a strong return on investment along with assuring governance frameworks to manage AI's financial, security, and operational risks
Directs all responsibilities for the Finance, Audit, and Investment Committees of the Board of Directors
Chairs the Pension Investment Committee, providing fiduciary oversight and ensuring adherence to governance best practices
Is a trusted partner and advisor to the President and CEO and Board on strategic decisions, regulatory matters, and financial opportunities and risks
Builds, mentors, and develops high-performing teams across Finance, Materials Management, IT and Epic, fostering a culture of accountability, collaboration, and excellence with oversight for the entire Revenue Cycle
Provides visionary leadership to inspire and influence diverse stakeholders, including executive leadership, clinical teams, external partners, and the Board
Mentors future leaders within the organization, supporting succession planning and financial acumen and decision making
Qualification
Required
Ten years in progressively senior healthcare finance leadership positions with experience to include: Healthcare leadership – Proven success 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. Expertise in change management in dynamic, rapidly evolving healthcare environments. Exceptional written and verbal communication skills, listening skills, negotiation, and interpersonal skills; able to influence decision-making at all levels
Clear understanding of contemporary operational and financial challenges and opportunities in healthcare, with demonstrated ability to manage reimbursement, P&L and revenue/cost drivers, and advancements in healthcare finance. Responsible for leading bond investment process, banking/investor relationships and reporting. Strong business acumen with knowledge of healthcare trends, health system finance, healthcare IT and AI, value-based care models, and regulatory requirements
Leading or facilitating the transition from volume to value-based care in a healthcare enterprise. Strong knowledge of reimbursement models and healthcare policy
Forward-looking, strategic partner that helps shape business outcomes. Enabler of informed decisions based on predictive analytics, AI usage, and real-time data, leading to better efficiency, risk mitigation and opportunity identification
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
Master's degree in Business Administration or related field; CPA required
Benefits
Generous Paid Time Off programs
Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
Health Savings and Flexible Spending Accounts for eligible health care and dependent care expenses
Defined contribution retirement plans with generous employer match and other financial wellness programs
Nationally Ranked Employee Wellness and EAP Programming at no cost
Reduced Rate Health Club membership
Country Club Membership
Financial Planning Support
Company
Riverside Healthcare
Riverside Healthcare is a fully integrated healthcare system serving the needs of patients throughout the counties of Kankakee.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Phil Kambic
President & CEO
Bill Douglas
Sr. V.P. Finance, CFO
Recent News
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