Chief Financial Officer

Selma Medical Associates provides a wide variety of high-quality services, all under one roof. These services include primary and specialty care, nationally accredited in-house diagnostic labs, and hospital admitting privileges.

We are looking to hire a Chief Financial Officer to administer, direct, and coordinate all financial operations and strategy.

DUTIES AND RESPONSIBILITIES:

• Day to day financial operations.
• Act as liaison with corporate attorney and CPA to ensure appropriate laws and tax regulations are complied with.
• Attend required meetings and participate in committees as assigned.
• Develop, review, and refine financial operations and policies.
• Evaluate, promote, and discipline Supervisory staff.
• Follow up on the status of accounts receivable and collection policies.
• Initiate reports to the Executive Committee setting forth recommendations on planning, growth, policy, organization, control, and such other details of practice operation which may be necessary or desirable for continuity of the organization.
• Interact with supervisors and managers relating to common problems and issues.
• Maintain and compile statistics when necessary or upon request by the Executive Committee.
• Monitor fees for specific services and relationships to costs.
• Oversee all hiring, firing, training, and promotions of staff supervised.
• Participate in the preparation of the annual operating budget.
• Provide Executive Committee with a monthly financial report, a P&L statement and balance sheet to be presented at the end of the fiscal year.
• Provide for such representation and involvement as is deemed necessary in national, state, and local associations, planning agencies, consumer groups, prepaid health insurance companies, and related health agencies or groups.
• Review all contracts and commitments with corporate attorney.
• Seek, receive, and utilize the advice, assistance, consultation, and guidance of the Executive Committee President to make intelligent decisions.
• Serve as an official liaison and primary channel of communication for official communications between the Executive Committee and the employees.
• Take all necessary and responsible precautions to protect practice money and property against loss or waste through negligence or dishonesty.
• Work with Department Supervisors and Managers in managing SMA organizational affairs.
• Contracting with Accountable Care Organizations (ACOs).
• Maintain working knowledge of Medicare Shared Savings Programs along with financial incentives.
• Active role in physician recruitment (Valley Health sign-on bonus, explanation of financial structure).
• Manages self-funded employee insurance plan.
• Management of ownership shares (buy-in and buy out process for partners).
• Other duties as assigned.

QUALIFICATIONS:

• Bachelors Degree or Equivalent education required; Masters Degree desired. Five years management experience.
• Computer Systems knowledge required. Detail oriented. Flexible personality.
• Ability to understand that unauthorized discussion and/or disclosure of protected health information (PHI) in any form, either on or off the premises of Selma Medical Associates, Inc. is strictly forbidden.
• Understanding that Privacy and Security of medical records is covered by the Privacy Act of 1974 and Federal Regulation 45 CFR, Parts 160, 162 and 164 Standards for Privacy & Security of Individually Identifiable Health Information.
• Excellent oral and written skills.
• Good logical and analytical skills.
• Schedule flexibility for overtime and weekends on an as needed basis, under stress with high concentration.