Corporate Vice President of Hospital Financial Operations
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What you'll do
- Financial Management: Analytical review of the hospitals within the portfolio financial performance and identification of strategic risks and opportunities.
- Budgeting & Forecasting: Oversee the annual operating and capital budget processes, conduct variance analysis, and implement financial forecasting models.
- Strategic Growth: Partner with executive leadership to evaluate strategic initiatives, expansions, and business plans to support high-quality patient care.
- Decision Support: Provide actionable financial data and analytics to clinical department heads to optimize workflows and reduce costs.
- Reimbursement Strategy: Oversee managed care contracting, payer negotiations, and reimbursement optimizations alongside the central billing office.
What they're looking for
- A Bachelor's degree in Finance, Accounting, or Business Administration is required
- Typically requires 10+ years of progressive healthcare finance experience, with a proven track record in hospital financial management and shared services.
- Strong background leading cross-functional teams and implementing enterprise standardization and automation.
- Deep understanding of healthcare reimbursement models (e.g., value-based care, fee-for-service), payer regulations, and clinical operations.
Nice to have
- an MBA, MHA, or CPA is strongly preferred.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Overview
Scope: SystemSeated: Ontario, CaliforniaReporting to: Corporate Chief Financial OfficerEstimated Compensation Range:Min: $270K to Max: $325K
The Corporate Vice President of Hospital Financial Operations is a senior executive responsible for the strategic oversight, integrity, and financial functions impacting operations of the facilities within the system portfolio. Reporting to the CFO, this leader provides oversight, guidance and intervenes where necessary to ensure facility operational leaders are receiving value-added support ensuring growth and the hospital's long-term financial sustainability.
Responsibilities
- Financial Management: Analytical review of the hospitals within the portfolio financial performance and identification of strategic risks and opportunities.
- Budgeting & Forecasting: Oversee the annual operating and capital budget processes, conduct variance analysis, and implement financial forecasting models.
- Strategic Growth: Partner with executive leadership to evaluate strategic initiatives, expansions, and business plans to support high-quality patient care.
- Decision Support: Provide actionable financial data and analytics to clinical department heads to optimize workflows and reduce costs.
- Reimbursement Strategy: Oversee managed care contracting, payer negotiations, and reimbursement optimizations alongside the central billing office.
#LK-KH1
Qualifications
- Education: A Bachelor's degree in Finance, Accounting, or Business Administration is required; an MBA, MHA, or CPA is strongly preferred.
- Experience: Typically requires 10+ years of progressive healthcare finance experience, with a proven track record in hospital financial management and shared services.
- Leadership: Strong background leading cross-functional teams and implementing enterprise standardization and automation.
- Industry Knowledge: Deep understanding of healthcare reimbursement models (e.g., value-based care, fee-for-service), payer regulations, and clinical operations.
#LK-KH1
Pay Transparency
Prime Healthcare Management, Inc. offers competitive compensation and a comprehensive benefits package that provides employees the flexibility to tailor benefits according to their individual needs. Our Total Rewards package includes, but is not limited to, paid time off, a 401K retirement plan, medical, dental, and vision coverage, tuition reimbursement, and many more voluntary benefit options. Benefits may vary based on employment status, i.e. full-time, part-time, per diem or temporary. A reasonable compensation estimate for this role, which includes estimated wages, benefits, and other forms of compensation, is $270,000.00 to $325,000.00 on an annualized basis. The exact starting compensation to be offered will be determined at the time of selecting an applicant for hire and will be dependent on a wide range of factors, including but not limited to geographic location, skill set, experience, education, credentials, and licensure. Additionally, employees in this position may be eligible to participate in the Company’s annual discretionary bonus program. Discretionary bonuses, if any, are based on a number of factors, which include but are not limited to individual and Company performance.
Employment Status
Full TimeShift
DaysEqual Employment Opportunity
Company is an equal employment opportunity employer. Company prohibits discrimination against any applicant or employee based on race, color, sex, sexual orientation, gender identity, religion, national origin, age (subject to applicable law), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws. The Company also prohibits harassment of applicants or employees based on any of these protected categories. Know Your Rights: https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf
Privacy Notice
Privacy Notice for California Applicants: https://www.primehealthcare.com/wp-content/uploads/2024/04/Notice-at-Collection-and-Privacy-Policy-for-California-Job-Applicants.pdf
Company
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