Chief Financial Officer (MCP)

Job Description Summary

MUSC Community Physicians (MCP) is an entity within the Medical University of South Carolina (MUSC) that provides healthcare to patients within the rural health network throughout the state of South Carolina.

As a senior level executive of MUSC, the CFO will provide expert counsel and direct the fiscal operations of MCP Practices. This includes providing clear, concise financial information, and making sound, educated, economic decisions for the health care system. The CFO is responsible for overall executive oversight of general accounting, patient business services, including third-party reimbursement, financial and statistical reporting functions of the organization in accordance with established policies and accounting procedures.

Job Description

As a senior level executive of MUSC, the CFO will provide expert counsel and direct the fiscal operations of MCP Practices. This includes providing clear, concise financial information, and making sound, educated, economic decisions for the health care system. The CFO is responsible for overall executive oversight of general accounting, patient business services, including third-party reimbursement, financial and statistical reporting functions of the organization in accordance with established policies and accounting procedures. This position assists both the CFO of MUSC Health & the Chief Physician Affiliate Network in the development of long and short range operational and fiscal plans, which may include service demand analyses, resources availability analyses, and cost benefit analyses of proposed capital and staff expansions.

The CFO of MCP Practices is also responsible for provider Compensation strategy and planning for physicians and advanced practice providers compensation for all employed MUHA providers. This position plans, aids in development, and implements provider compensation strategy, models, and programs, which may include compensation budgeting, reporting, financial analysis and forecasts. He/She may act as liaison to providers to confirm understanding of compensation plans and agreements. He/She Ensures that the provider compensation is aligned to the strategies and goals of the MUSC Community Physician Practices and the MUSC system.

This position will work closely with members of executive and senior management, and leadership at each MUSC entity, which include MUSC leaders of Practice Operations, Health System Finance (or Revenue Cycle, Managed Care, Supply Chain, Budget, Finance Operations, Accounting), Marketing, Legal and Compliance to support strategic initiatives.

Job Duties

• Oversees MCP Practices financial operations for the organization. Aid in monitoring and reporting on the financial performance of the practices. This position will collaborate with the operators to optimize financial performance with a focus on revenue optimization, cost/expense control and staffing productivity.
• Provide expert counsel and direct the fiscal operations of MCP Practices. This includes providing clear, concise financial information, and make sound, educated, economic decisions for the health care system
• Financial responsibility for and involvement with non-employment arrangements such as co-management, service line leadership and medical directorships for MCP Practices
• Responsible for collaborating on a provider compensation strategy and planning for physician and advanced practice provider compensation for all employed MCP providers. This position plans, aids in development and implements provider compensation strategy, models, and programs, which may include compensation budgeting, reporting, financial analysis and forecasts.
• Leads the development of long and short range operational and fiscal plans, which may include service demand analyses, resources availability analyses, and cost benefit analyses of proposed capital and staff expansions.

Minimum Education and Experience:

• Bachelor’s degree business, finance, or related field; Master’s Degree and CPA preferred with 10+ years of related experience, 7+ years’ experience with physician compensation and 10+ years of leadership experience.
• A minimum of ten years of progressive health care financial management or leadership experience is strongly preferred, with demonstrated success in managing complex, multifunction organizations.
• Experience in the financial management of multi-site, multi-region physician practices is strongly preferred. In particular, experience in developing and implementing novel provider compensation programs that meet legal and compliance requirements and drive value for the health care system is required.
• Experience working with Information Technology staff to manage finance and accounting software packages.
• Excellent written and oral communication skills with emphasis on excellent presentation skills is required.
• Demonstrated leadership ability, team management, and interpersonal skills.
• Excellent analytical and abstract reasoning skills, plus excellent organizational skills.
• Experience in senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.

If you like working with energetic enthusiastic individuals, you will enjoy your career with us!

The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.

Medical University of South Carolina participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: http://www.uscis.gov/e-verify/employees