Chief Financial Officer - Reimbursement Healthcare Services

Novo; United States; Remote; USD 150,000 - 175,000; Full time

Job summary

An established industry player is seeking a strategic Chief Financial Officer to join its executive leadership team. This role involves overseeing financial operations and strategy for a multi-site healthcare practice management business. The ideal candidate will have extensive experience in financial leadership, particularly within private equity-backed environments, and a strong understanding of healthcare reimbursement processes. This position offers a unique opportunity to drive financial strategy and support the company's continued growth and profitability in a dynamic healthcare landscape.

Qualifications

• 10+ years of finance experience in healthcare or private equity-backed environments.
• Proven track record in financial leadership and M&A transactions.

Responsibilities

• Lead financial strategy and ensure alignment with growth objectives.
• Oversee financial planning, analysis, and reporting for the company.

Skills

Financial Leadership

Healthcare Reimbursement Processes

Mergers & Acquisitions

Financial Planning & Analysis

Capital Allocation

Regulatory Compliance

Team Leadership

Communication Skills

Education

MBA

CPA

Job description

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Position Overview:

The company is seeking a seasoned and strategic Chief Financial Officer to join its executive leadership team. The CFO will be responsible for overseeing the financial operations and strategy of the company, a specialty-specific physician practice management business with 100+ providers across 70+ outpatient offices.

The company has a successful track record of executing a multi-pronged growth strategy, including organic growth, ancillary services, de novos, and M&A, and is backed by two leading healthcare-focused private equity firms. The ideal candidate will have a robust background in financial leadership with an accounting foundation, particularly in private equity-backed, high-growth, multi-site healthcare environments, and be adept at driving financial strategy to support continued expansion and profitability. A strong understanding of healthcare reimbursement processes and financial systems within the healthcare sector is essential.

Key Responsibilities:

Financial Strategy & Leadership:

• Lead the development and execution of the company’s financial strategy, ensuring alignment with its overall growth objectives and private equity partners’ expectations.
• Provide financial insights and strategic recommendations to the CEO, Board, and executive team to drive operational and business decisions.
• Ensure the financial health of the company by managing cash flow, balance sheet, and profitability in line with growth targets and market dynamics.
• Oversee financial planning and analysis, including the preparation of annual budgets, forecasts, and long-term financial projections.
• Develop and implement financial models that support the company’s growth initiatives, including de novo locations, M&A, and ancillary services.
• Analyze financial performance, identify trends, and provide actionable insights to improve profitability, efficiency, and cost management.

Capital Allocation & Management:

• Work closely with the CEO and private equity partners to manage capital allocation, ensuring that resources are optimally invested to support the company’s expansion plans.
• Oversee the company’s capital structure, including debt management, equity financing, and other financial transactions to support growth objectives.
• Ensure that the company maintains a strong financial position and meets the financial expectations of private equity investors.

Mergers & Acquisitions:

• Lead financial due diligence and integration efforts related to M&A activities, ensuring successful transactions and seamless integration of acquired practices.
• Provide financial leadership in identifying, evaluating, and structuring potential acquisitions, including de novo locations and other strategic growth opportunities.
• Collaborate with the executive team and private equity investors to drive M&A strategy and identify opportunities that align with the company’s growth objectives.
• Oversee all accounting operations, ensuring that the company’s accounting practices are in full compliance with regulatory standards and accounting principles (GAAP).
• Manage the preparation and timely delivery of accurate and transparent financial reports, including monthly, quarterly, and annual financial statements.
• Ensure strong internal controls and implement best practices in accounting systems, procedures, and reporting to maintain financial integrity and mitigate risk.
• Oversee and optimize the healthcare reimbursement process, ensuring accurate billing and timely collection from payers (insurance companies, government programs, and patients).
• Ensure that the company’s reimbursement practices comply with relevant healthcare regulations and payer policies, including coding, billing, and documentation requirements.
• Collaborate with the operational teams to identify opportunities for improving reimbursement rates, reducing claim denials, and improving cash flow.
• Maintain up-to-date knowledge of healthcare reimbursement trends, policies, and changes in payer requirements to guide financial decision-making.
• Ensure compliance with all financial regulations, accounting standards, and industry requirements across the company’s operations.
• Develop and implement risk management strategies to mitigate financial, operational, and market risks.
• Oversee corporate governance practices, ensuring the company meets all legal and regulatory requirements, and provides transparent financial reporting to stakeholders.

Financial Reporting & Investor Relations:

• Maintain strong communication with private equity partners, providing financial updates, forecasts, and strategic insights to align with investment goals.
• Prepare presentations for the Board and other stakeholders, articulating financial performance, risk management, and growth opportunities.
• Support investor relations by delivering accurate and clear financial reports, ensuring the company’s financial performance aligns with private equity investors' expectations.
• Build and lead a high-performing finance and accounting team to support the company’s operations and growth objectives.
• Develop and mentor team members, fostering a culture of excellence, accountability, and continuous improvement within the finance and accounting departments.
• Ensure that the finance team has the necessary tools, processes, and training to effectively support the company’s strategic goals.

Qualifications:

• Private Equity Experience: Proven experience in a CFO role within a private equity-backed healthcare organization, with a strong track record of financial leadership in high-growth, multi-site businesses.
• Accounting Background: A solid foundation in accounting, with hands-on experience in managing accounting operations, financial reporting, and compliance under GAAP. A CPA or equivalent certification is highly preferred.
• Healthcare Industry Expertise: At least 10 years of experience in finance, accounting, or a combined financial role, preferably within physician practice management, healthcare services, or other relevant healthcare settings.
• Healthcare Reimbursement Expertise: In-depth knowledge of healthcare reimbursement models, including the mechanics of billing, coding, insurance payers (commercial and government), and understanding of reimbursement rate optimization.
• M&A Expertise: Strong experience in M&A transactions, including due diligence, financial modelling, integration, and post-acquisition performance tracking.
• Financial Planning & Analysis: Expertise in financial planning, forecasting, and modeling to support business growth and strategic decisions.
• Capital Allocation & Financing: Demonstrated success in managing capital allocation, debt, equity financing, and investor relations in a high-growth, private equity-backed environment.
• Regulatory & Compliance Knowledge: In-depth understanding of financial regulations, accounting standards (GAAP), and industry requirements specific to healthcare organizations.
• Leadership & Communication: Exceptional leadership and interpersonal skills, with the ability to lead and develop a finance and accounting team and communicate financial insights effectively to non-financial stakeholders.
• Education: MBA, CPA, or equivalent advanced degree/certification preferred.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Hospitals and Health Care

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