Welcome to Beth Israel Lahey Health. We are a new health care system that brings together academic medical centers and teaching hospitals, community and specialty hospitals, more than 4,000 physicians and 35,000 employees in a shared mission to expand access to great care and advance the science and practice of medicine through groundbreaking research and education.
About the Job
Reporting to the Executive Vice President and Chief Financial Officer of Beth Israel Lahey Health, the Senior Vice President, Operations CFO functions as a key financial resource. The incumbent serve as the Operations Finance Leader for BILH and its subsidiaries and is responsible for planning, organizing and managing corporate-wide financial matters. The incumbent also oversees the system-wide supply chain function for BILH and its subsidiaries.
Areas of Responsibility
Major responsibilities include developing and maintaining a strategic financial plan and annual operating and capital budgets; financial analysis of new programs, acquisitions, and business development; revenue management, and oversight of BILH supply chain management. CFO’s report to this position with responsibility of the financial oversight in excess of $5.5 billion in net revenue.
Duties and Responsibilities
Proactively advise and educate management on all aspects which financially impact hospital operations.
Collaborate to prepare and update long range forecasting for the hospital and it’s financial network
Interpret current financial trends and respond with appropriate action
Negotiate contracts and agreements with third parties
Establish monitoring processes and forecasting to position to adjust to changes in value based purchasing
Work directly with managed care to forecast and model impact of fee-for-value and risk agreements on financial status
Lead and facilitate organizational planning for changing reimbursement methodologies
Lead or facilitate strategies and steps for cost containment within the organization
Plan, assign, and review work of staff to ensure that group objectives are met
Hire, train, develop, and manage staff to ensure that qualified staff exists to meet group objectives
Supports the Mission, Value and Vision of BILH. Demonstrates personal commitment through active involvement in the performance improvement process.
Supports and contributes toward the BILH culture:
Brings best self to work each day
Is highly engaged
Reflects a team-oriented approach
To perform the job successfully, an individual must be able to perform each duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.
Education / Training:
Requires a minimum of a Bachelor’s Degree in Accounting, Finance, Business Administration or equivalent discipline.
Master’s degree in Accounting, Finance or Business Administration, or certification as a public accountant is preferred.
Certification, Licensure, Registration:
Certified Public Accountability (CPA) license, Certified Management Accountant (CMA) license or documented work experience gained through five or more years leading a healthcare financial function at the VP, Controller or CFO level preferred.
Job requires the highest level of problem solving. The work requires identifying and resolving very complex problems, such as developing innovative solutions based on extensive cross-functional knowledge of the entire organization.
Demonstrated ability to operate successfully in a constantly changing, fast paced environment.
Experience in public speaking, business presentations, meeting management, and business correspondence.
Ability to communicate effectively orally and in writing.
Proven track record of success facilitating progressive organizational change and development within a growing organization.
Excellent judgement and creative problem solving skills including negotiation and conflict resolution skills.
Strong mentoring, coaching experience to a team with diverse levels of experience.
Entrepreneurial team player who can multitask.
Superior management skills; ability to influence and engage direct and indirect reports and peers.
Energetic, flexible, collaborative, proactive; a team leader who can positively and productively impact both strategic and tactical finance and administration initiatives.
Ability to operate as an effective tactical as well as strategic thinker.
Regularly required to sit, talk, or hear; frequently required to use repetitive hand motion, handle or feel, and to stand, walk, reach, bend or lift up to 20 pounds.
Beth Israel Lahey Health is dedicated to improving health and wellness and making a difference in the lives of our patients, their families and all members of the communities we serve. Formed in March 2019, Beth Israel Lahey Health is a patient-centered, integrated care delivery system providing a continuum of services spanning academic, tertiary and community hospitals, dedicated orthopedic and psychiatric hospitals, primary and specialty care, community acute care, ambulatory care, behavioral services and home health. Beth Israel Lahey Health Performance Network is a unified joint contracting and population health management organization, jointly governed by participating physicians and hospitals.
Equal Opportunity Employer/Minorities/Females/Disabled/Veterans.