Chief Operating Officer

University of Minnesota Physicians; Minneapolis (MN); On-site; USD 338,000 - 525,000; Full time

Benefits offered by this job

Vision discount plan

Executive Health Program

Well-being program

Job summary

University of Minnesota Physicians (UMP) is seeking a Chief Operating Officer to join its executive leadership team and translate strategy into operational excellence across finance, clinic operations, IT, revenue cycle, and facilities management.

Reporting to the CEO, the COO will lead a multi-specialty medical group of roughly 1,500 physicians and 200 staff, partnering with academic leaders to drive growth, improve performance, and enhance patient access across Minnesota and the region.

Qualifications

• Advanced degree in a relevant field.
• 10+ years of progressive healthcare operations leadership experience.
• 7+ years in a senior executive role within physician practice, medical group, health system, or similar healthcare organization.
• Experience leading multi-specialty physician group operations and financial management.

Responsibilities

• Partner with CEO and Board to execute strategic priorities.
• Provide leadership for finance, clinic operations, IT, revenue cycle, and facilities.
• Drive operational performance through data-driven decision-making.
• Lead financial planning, budgeting, forecasting, and resource allocation.
• Develop growth strategies expanding patient access and market presence.
• Oversee senior leaders across key operational functions.

Skills

Advanced healthcare leadership

Education

MD, MBA, MHA, or related field

Job description

University of Minnesota Physicians (UMP) is seeking a Chief Operating Officer (COO) to join its executive leadership team. Reporting directly to the Chief Executive Officer, the COO serves as the senior executive responsible for the day-to-day operational performance of UMP, a leading multi-specialty academic medical group comprising approximately 1,500 physicians, 500 Advanced Practice Providers, and 200 Staff. This executive leader will translate organizational strategy into operational excellence across finance, clinic operations, information technology, revenue cycle, business development, and facilities management. The COO will partner closely with physician leaders, health system executives, University of Minnesota Medical School leadership, and the UMP Board of Directors to drive organizational growth, optimize practice performance, strengthen physician engagement, and expand UMP's influence across Minnesota and the region. This is a unique opportunity to lead operations for one of the nation's premier academic physician organizations and help shape the future of an integrated, multi-specialty medical group affiliated with a leading public research university and academic health system.

Responsibilities

• Partner with the CEO and Board to execute UMP's strategic vision and organizational priorities.
• Provide leadership for all business and operational functions, including finance, clinic operations, IT, revenue cycle, business development, and facilities.
• Drive operational performance, efficiency, and service excellence through data-driven decision-making and accountability.
• Lead financial planning, budgeting, forecasting, and resource allocation to ensure long-term sustainability.
• Develop and implement growth strategies that expand patient access, clinical services, and market presence.
• Build strong partnerships with physician leaders, university stakeholders, and health system partners.
• Oversee and develop senior leaders across key operational functions.
• Foster a culture of collaboration, innovation, accountability, and continuous improvement.
• Ensure compliance with applicable regulatory, accreditation, and organizational requirements.

Required Qualifications

• Advanced degree (MD, MBA, MHA, or related field).
• 10+ years of progressive healthcare operations leadership experience.
• 7+ years in a senior executive role within a physician practice, medical group, health system, or similar healthcare organization.
• Experience leading multi-specialty physician group operations and financial management.
• Proven success overseeing clinic operations, finance, IT, revenue cycle, payer contracting, physician relations, and business development.
• Strong expertise in financial planning, budgeting, forecasting, and performance management.
• Demonstrated success driving organizational growth, operational improvement, and transformation initiatives.
• Ability to lead effectively in complex, matrixed organizations.
• Strong communication, collaboration, and stakeholder management skills.

Preferred Qualifications

• Experience in an academic medical center, faculty practice plan, teaching hospital, or university-affiliated health system.
• Experience with physician practice integration, mergers and acquisitions, or practice growth initiatives.
• Knowledge of healthcare regulatory and compliance requirements, including Stark Law, Anti-Kickback Statute, and HIPAA.
• Experience supporting regional growth and market expansion strategies.

Compensation

338,417.00 - 524,566.00 USD Annual

At M Physicians we believe in pay transparency and equity. The compensation for each position is based on experience, skills, qualifications, and other role-specific considerations. Our total compensation is designed to support your well-being, career growth, and work-life balance.

Benefits

Benefits: Total compensation is enhanced by a robust benefits package that supports physical, mental, and financial well-being. Highlights include:

• Comprehensive medical and dental insurance including a vision discount plan.
• Substantial 401K employer contribution Executive Health Program.
• Well-being program including an annual spending allotment, peer coaching, counseling, and concierge services.

Applications will be accepted until September 10th.

We are an equal opportunity employer and value diversity at our company.

We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

University of Minnesota Physicians (M Physicians), a non-profit organization headquartered in Minneapolis, seeks motivated individuals for both clinical and non-clinical roles to drive innovation in health and medicine. Our inclusive culture offers competitive salaries, excellent benefits, and the opportunity for career development in the exciting field of health care to over 1,200 physicians, 300 advanced practice providers, and 2,200 health professionals and staff across Minnesota and beyond.

Employment Update: As an organization deeply rooted in our community, it’s our responsibility to protect the wellbeing of our teams, provide a safe and healthy environment for those we serve, and to set an example for our neighbors. We take our obligation to care for our patients seriously. That is why M Physicians is requiring all employees, providers, learners and volunteers to receive an annual Flu vaccination unless a reasonable accommodation or exemption is granted.

Join us on a mission to advance medicine.