Established in 1980, the Greater Lawrence Family Health Center (GLFHC) is a multi-site mission-driven non-profit organization employing over 700 staff whose primary focus is providing the highest quality patient care to residents throughout the Merrimack Valley. Nationally recognized as a leader in community medicine (family practice, pediatrics, internal medicine, and geriatrics), GLFHC has clinical sites throughout the service area and is the sponsoring organization for the Lawrence Family Medicine Residency program.
GLFHC is currently seeking a Senior Vice President, Chief Financial Officer.Under the general direction of the CEO, the SVP, Chief Financial Officer leads, plans, organizes, directs and controls the financial functions of the Health Center, including Finance and Patient Accounts.
Job Responsibilities and Performance Standards:
Administration
- Participates in long-term strategic and financial planning initiatives as a member of the Senior Management team. Ensures timely and accurate communication between all areas of responsibility and other Center staff. Leads the financial component of strategic planning.
- Coordinates the timing, preparation and presentation of the annual operating, capital, program and cash flow budgets. Monitors and controls expenditures and analyzes/identifies variances.
- Staffs Finance Committee, attends Board meetings and external meetings to present financial information and to respond to related inquiries and requests. Attends other board committees as requested by the CEO.
- Advises the Chief Executive Officer of issues or inconsistencies in center wide policies and suggests corrective actions.
- Assists with the research and decision making process related to capital equipment purchases.
- Assists the Chief Executive Officer and administrative team in developing and recommending plans, policies and strategies for the Health Center.
- Assists in the review of new and/or existing fringe benefits for the Center. Quantifies the financial impact during the decision making process.
- Maintains knowledge of current trends and developments in the field to enhance professional expertise by attending conferences, seminars, etc.
Financial Management
- Ensures the development and establishment of financial plans, systems and controls for the Center to ensure financial stability and viability of the organization.
- Ensures adequacy and soundness of the Center's financial structure and participates in negotiations for any outside financing that may be required.
- Oversees all general accounting functions, including financial reporting, payroll, accounts payable, accounts receivable, etc. Implements' systems improvements and audit recommendations.
- Maintains and updates as necessary appropriate financial systems, ledgers, policies and procedures. Directs the preparation of all financial reports and statements in support of financial planning and analysis activities.
- Ensures that grant related financial reporting requirements are met.
- Ensures timely processing of contract vouchers and third party billings.
- Ensures that all financial systems are monitored, evaluated and improved as feasible, according to Center policies.
- Oversees preparation and filing of local, state and federal reports / tax forms including other statistical reports.
- Serves as the financial representative of the Center with outside agencies. (e.g., audit firm, banks, Dept. of Revenue, IRS, City of Lawrence, and State and Federal government).
- Ensures that all financial reports and backup data are filed and secured for as long as required by law.
- Completes periodic cash flow forecasts. Forecast business trends and related expenses and revenues; provides lead time for operational changes necessary based on forecasts.
Patient Accounts
- Oversees all patient accounting and reimbursement functions, including representation of the Health Center with third party payers, etc.
- Implements systems to assure that the organization captures all of the revenue it has earned for services provided.
- Ensures that fee collection policies are updated and compliant to all state and federal regulations and disseminated to staff as required.
- Ensures that patient referral policies and procedures are updated and applied appropriately.
- Oversee the timely and accurate billing and reimbursement functions to ensure prompt payment of accounts and optimal reimbursement.
Supervisory Responsibility
- Leads and supervise directly and indirectly, through subordinate supervisors, all Financial and Patient Accounts.
- Oversees selection, training and development of Financial and Patient Accounts Reviews work performance and initiates corrective action of all direct reports.
- Assists supervisory staff reviewing staffing needs, job descriptions and performance appraisals.
- Reviews and approves departmental operating policies and procedures recommended by managers and supervisors, ensuring their consistency with overall Center policies.
- Provide leadership for employees to experience training opportunities related to quality improvement.
- Integrate department/workgroup improvement initiatives with GLFHC system-wide projects and strategic aims.
- Travel between sites will be required.
Qualifications:
- Minimum 7–10 years of progressive leadership experience in finance preferably in ambulatory or community health settings.
Education
- Bachelors degree in Accounting or related field.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
