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Chief Financial Officer - Healthcare

Campbell, CA · Healthcare
  • Salary Estimate: Mid-Range for Perm $220-230,000
  • Short Term Incentive (25%)
  • Relocation Assistance: Case by Case Basis
  • Comprehensive Benefit and Retirement Programs

In this role, you will be responsible for the overall financial integrity of the organization. This position ensures that all financial systems are maintained in a manner that adheres to GAAP and regulatory standards. You will work in conjunction with all departments to establish internal controls to safeguard the assets of the entity.

What you will do in this role:

  • Present financial reports to the Boards of Directors of all entities
  • Assist the executive team with the financial development of new healthcare business ventures
  • Oversee financial implications of expanding business operations
  • Prepare and file all required financial reports with the Department of Managed Healthcare (DMHC) and other state and federal regulatory bodies
  • You will ensure all required insurance coverages are maintained
  • Develop, implement, and maintain a strategic financial plan to ensure the financial integrity of the organization and maintenance of required levels of tangible net equity (TNE) for clients
  • Monitor accounting, financial reporting, and budgetary activities of all entities and report on the financial status of each organization's operations
  • You will assist all departments with budget development and work closely with each department to ensure that they function within their budget parameters
  • Establish a compensation structure for network providers to include capitation rates for primary care providers, ancillary providers, and hospitals
  • You will assist in health plan contracting to ensure successful risk contracting strategies
  • Ensure that all negotiated global capitation rates are sufficient to cover comprehensive services for enrollees
  • Ensure that all physician incentives comply with HCFA physician incentive plan regulations / calculate and oversee payment of all annual and semi-annual physician bonuses for clients
  • Develop IBNR formulas for risk analysis
  • Oversee all banking transactions, including approval of check issuance
  • You will be responsible for the maintenance of all shareholder records for all clients
  • Responsible for execution of annual year-end financial and 401k audits and all other regulatory audits

Who Will Be a Great Fit? 
  • 3+ years of management experience
  • 5+ years of experience in health care, preferably experience in a health plan, with experience in managing risk required
  • Bachelor's degree in Finance or Accounting required
  • MBA or CPA is strongly preferred

As recruiters, we are skilled in our field and understand how to match an opportunity with the individual. If you choose to send us your resume, be advised we will not share it with any employer without your permission. 

Brian Hughes

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