As healthcare continues to rapidly transform so does the need for healthcare management teams that exceed the expectations of patients, complies with regulations and meets the demands of new delivery and payment models. Coordinated Health is entering a new growth phase as a proven innovator in care delivery models. We are a team of committed clinicians and business leaders passionate about transforming healthcare delivery. We strive for excellence and have achieved significant and measurable improvement in total cost of care, clinical outcomes, and experience. We are rapidly evolving our model to effectively engage and care for patient populations and are growing our team of passionate and execution-minded leaders dedicated to this mission.
Coordinated Health’s Vice President of Finance & Accounting provides financial leadership to the organization by directing fiscal activities, including accounting, payroll, budgets, audits, and the preparation of regulatory agency and government reports, and ensures the systems and procedures necessary to ensure & maintain efficient financial controls are in place.
The VP of Finance & Accounting reports directly to the CFO and directly assists Executive Leadership Team on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs, and cost accounting. The VP of Finance & Accounting collaborates and partners closely with Care Delivery & Provider teams and organizational leadership across functional areas (e.g. HR, clinical integration, technology, analytics, revenue management) to develop clinically integrated products and services.
Finance & Accounting Management
Provides financial leadership and guidance to Care Delivery & Provider management teams, trains on financial matters, and provides routine feedback regarding performance. Ensures that monthly financial statements are completed timely and accurately, all balance sheet accounts are reconciled on a monthly basis and in compliance with policies and standards, and that any outstanding variances are identified and corrected timely.
Provides financial expertise in development of new services and provider recruitment including preparation of proformas and business plans. Supports management of new services and providers through ongoing budget and variance analysis.
Assists the CEO, CFO and Leadership team in identifying new funding and business opportunities, drafting of prospective budgets, and determining cost effectiveness of prospective service or product line delivery.
Assists the CFO in providing the CEO with an enterprise-wide operating budget and business plans. Works with the Leadership team to ensure programmatic success through cost analysis support and compliance with all contractual and programmatic requirements.
Prepares annual financial budgets and forecasts for the Care Delivery & Provider teams. Supports development of budgets across functional business units. Provides ongoing analysis of budget variances and assists the Care Delivery & Provider teams in implementing changes needed to achieve budgeted goals.
Develops and maintains systems of internal controls and auditing to safeguard financial assets of the organization. Supports CFO with risk management.
Serves as key executive liaison to Chief Revenue Officer and Revenue Management Optimization teams.
Oversee the Finance, Accounting and Payroll teams in daily activities. Manage team member performance, analyze individual and team performance against key performance indicators and metrics, foster an environment of candor and collaboration to address performance deficiencies and provide coaching/mentoring to ensure the highest levels of individual and team performance.
Supports CFO in monitoring banking activities of the organization. Ensures adequate cash flow to meet the organization's needs.
Oversee the monitoring of expenses regarding operations and seek opportunities to gain efficiencies.
Provide leadership and direction in developing a culture of high reliability through rapid, cross-functional problem-solving toward zero defects.
Assists in performing all tasks necessary to achieve the organization's mission and help execute operational and strategic growth and management plans.
Oversees the management and coordination of all fiscal reporting activities for the organization including organizational P&L and balance sheet reports, as well as Medicare cost reporting and banking covenants.
In conjunction with the CFO, oversees the coordination and activities of independent auditors, ensuring successful completion of annual audits and Medicare cost reports. Ensure all compliance issues are met, as well as that the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state, and other required supplementary schedules and information.
Develops and oversees the preparation of monthly operating reports with corresponding analysis and forecasts. Provide recommendations to Care Delivery & Provider management teams as well as Leadership team.
In conjunction with CFO and BI team supports development of self-service operational dashboards for Care Delivery & Provider management teams.
Responsible for developing cost allocation methodologies, providing detailed cost information, generating reports and cost analysis for all Care Delivery & Provider service and product lines.
Responsible for special reports and financial analysis as needed.
In conjunction with CFO, support development of Key Performance Indicators and reporting on an ongoing basis.
A Bachelor's degree in Accounting or business related field and a Master's degree in Business Administration or other equivalent advanced degree. CPA certification highly desired.
Experience working with information technology and proficiency with software packages including Excel and Word.
5 years of executive financial leadership in a for-profit healthcare system in a competitive market or a progressively complex major healthcare system, including financial, business and strategic planning.
Strong negotiation, conflict resolution, and consensus building skills.
Strong knowledge of finance, analysis, budget creation and execution, financial reconciliation, previous experience with planning, implementation and administration of programs supporting the financial operations of healthcare delivery systems.
Flexibility and responsiveness to change with consideration of its impact on decision-making and planning.
Proactive leadership to elicit input from Medical Group physicians and health system stakeholders and utilize that input in decision-making processes.
Outstanding interpersonal, presentation, verbal and written communication skills.
Ability to build consensus among key stakeholders, including physicians, employees, and leaders within the healthcare delivery network and management teams.
Ability to lead with a high degree of emotional intelligence and ethics. Commitment to customer service, confidentiality and professionalism at all times.
Proven success in building and leading high performing, multi-disciplinary teams.
Up-to-date knowledge of industry trends, legal and regulatory.
Ability and willingness to manage high-pressure situations and simultaneous and constantly shifting demands from various stakeholders.
Must demonstrate proven financial analysis skills
Work location and travel expectations:
Lehigh & Wyoming Valley, PA. Position requires travel to support greater Lehigh Valley and new expansion markets as implemented. Travel is primarily local during the business day, although some out-of-the-area and overnight travel may be required.
Must be able to regularly access and use general office equipment including phones, computers, copiers, etc.
Must be able to work in a busy, often distracting work environment that is generally climate controlled.
Must be able to lift up to 20 pounds unassisted on an occasional basis.
Must be able to sit for long periods of time.
Must be able to stand or walk for long periods of time.
Internal Number: 18-0073
About Coordinated Health
Coordinated Health (CH) is a privately held acute-care hospital network in eastern Pennsylvania and western New Jersey. CH’s focused regional network has 1,400 employees at 18 sites with an ambulatory-based continuum of care. Access is provided by specialty hospitals, ambulatory surgery centers, transitional care units, multi-specialty clinics and walk-in centers. Service lines include musculoskeletal care, cardiology, women’s health and immediate and primary care, endocrinology, rheumatology, and general surgery. In Bethlehem, CH has exclusively earned the U.S. government’s new 5-star top CMS rating for hospital patient service, has earned top safety and patient satisfaction scores from HealthGrades.