CFO, OrthoAlliance
SCA Health · Ohio Remote ·
- Work mode
- Remote
- Category
- Finance
At SCA Health, we believe health care is about people – the patients we serve, the physicians we support and the teammates who push us forward. Behind every successful facility, procedure or innovation is a team of 15,000+ professionals working together, learning from each other and living out the mission, vision and values that define our organization.
As part of Optum, SCA Health is redefining specialty care by developing more accessible, patient-centered practice solutions for a network of more than 370 ambulatory surgical centers, over 400 specialty physician practice clinics and numerous labs and surgical hospitals. Our work spans a broad spectrum of services, all designed to support physicians, health systems and employers in delivering efficient, value-based care to patients without compromising quality or autonomy.
What sets SCA Health apart isn’t just what we do, it’s how we do it. Each decision we make is rooted in seven core values:
- Clinical quality
- Integrity
- Service excellence
- Teamwork
- Accountability
- Continuous improvement
- Inclusion
Our values aren’t empty words – they inform our attitudes, actions and culture. At SCA Health, your work directly impacts patients, physicians and communities. Here, you’ll find opportunities to build your career alongside a team that values your expertise, invests in your success, and shares a common mission to care for patients, serve physicians and improve health care in America.
At SCA Health, we offer a comprehensive benefits package to support your health, well-being, and financial future. Our offerings include medical, dental, and vision coverage, 401k plan with company match, paid time off, life and disability insurance, and more. Please visit, https://careers.sca.health/why-sca, to learn more about our benefits.
Your ideas should inspire change. If you join our team, they will.
Responsibilities
SCAH partners with independently-minded specialty practices to provide practice management and clinical performance support, referral and payer alignment, data analytics, and strategic capital. While the physicians themselves provide clinical leadership, market knowledge and clinical excellence to create market-leading specialty care delivery systems.
The Regional Director and CFO OA will be the financial operations lead for SCAH’s Ortho Alliance (“OA”) partnership. This role will report directly to the CEO of OrthoAlliance. Ortho Alliance is a large orthopedic group. This multisite group has practice, ancillary, and ASC operations spanning multiple states, including Indiana, Ohio, and Northern Kentucky.
This role is high visibility across SCA Health. Including routine interactions with SCA C-Suite leadership, corporate development, and all support departments (e.g. legal, compliance, accounting). This role will directly support the CEO of OA and is expected to be a highly visible finance leader for OA.
Responsibility Description:
The successful candidate is responsible for all financial aspects of OA including, but not limited to:
- Building, leading, and coaching a OA-focused financial operations team (as needed)
- Support consistently growing EBITDA through leading profitable top-line growth initiatives, developing new partnerships, effectively managing expenses, and supporting development process (M&A)
- Acting as a strategic business partner with Operations leads to identify performance improvement opportunities and helping them “think around the corner” financially
- Speaking with authority on behalf of the Group CFO and OA CEO representing him/her at partnership, or board meetings
- Creating, implementing, and pulling through opportunities which drive financial growth and operational performance
- Manage the reporting of physician compensation, financial results, and identification of key drivers monthly. This will be accomplished through direct communication with key stakeholders, including physician-owners, regional operations leads, and internal SCA leadership.
- Build positive relationships with CEO, regional operations leads, finance team, and physician-owners – functioning as a trusted advisor.
Selected Key Activities:
- Assess and evaluate financial performance of portfolio of practice partnerships with regard to long- and short-term financial goals, budgets, and forecasts
- Perform operational variance analyses to identify favorable or unfavorable business trends
- Partner with accounting team to ensure accuracy of monthly financial statements
- Coach practice executives and regional operations on financial matters and areas of improvement
- Participate in key decisions as they relate to strategic initiatives and operational models
- Prepare and present monthly financial results by practice partnership to internal and external leaders
- Review and analyze monthly financial results, physician compensation, and provide insight and recommendations on trajectory of business
- Oversee cash, investments, lending and leasing needs, and asset management for the partnership(s)
- Manage special transactions including equity changes, debt arrangements, and relocations
- Support the diligence and integration of small practice acquisitions and newly recruited physicians, broadly supporting the development team
- Perform proforma analyses of growth opportunities within existing practices (e.g. serviceline expansion and new market entry)
- Identify areas of opportunity to standardize, simplify, and streamline to drive our value of Continuous Improvement
Qualifications
- An undergraduate or graduate degree in Accounting/Finance/Economics is required, Master degree is highly desirable
- A minimum of seven years of financial experience in healthcare required
- Experience with large multisite medical groups is highly desirable
- Physician compensation experience highly desirable
- Ability to digest financial information, render judgment, create context, pattern recognition
- Ability to meet deadlines and manage conflicting priorities
- Executive presence to deliver financial results and provide financial advice with confidence
- Demonstrated ability to explain complex financial results or transactions to physicians
- Ability to collaborate within other support service departments (revenue cycle, legal, supply chain, development, etc.) and with operations
- Build relationships and collaborate with physicians and other practice leadership
- Travel requirements: 25% (up to 50% at times during the first year)
- Position is hybrid-remote, however there is the expectation to be highly visible across the partnership, therefore a candidate in the Midwest-area or with easy access (drivable or short flight) to Cincinnati is highly desirable.