ABOUT ADFINITAS HEALTH
Adfinitas Health is a privately held multi-specialty healthcare management company. Since 2007, hospitals, health systems and post-acute facilities have trusted that we’ll take superb care of their patients. Our skilled providers become an integral part of your hospitalist or post-acute care teams, bringing our responsive service, focus on quality, and innovative programs to deliver value to you and your patients each and every day.
Our comprehensive approach to care, which enhances coordination between hospital and post-acute partners, translates to higher patient satisfaction and better patient outcomes through transitions in care.
Adfinitas Health is a government contractor and an Equal Opportunity/Affirmative Action Employer. It is Adfinitas Health’s policy that all personnel-related decisions are made without regard to race, color, religion, sex, national origin, age, disability, marital or veteran status, or any other protected status.
Job Title: Senior Director of Finance
Reports To: CFO
Location: Remote
About Us:
Adfinitas Health is a leading healthcare provider dedicated to delivering high-quality patient care in acute and post-acute facilities while driving innovation and operational excellence. The company is seeking a strategic and experienced Senior Director of Finance to lead accounting, financial planning, analysis, and strategic efforts to ensure solid financial health.
Position Summary:
The Senior Director of Finance will play a critical role in overseeing accounting and financial operations, financial planning, and analysis. This position requires a strategic thinker with a solid understanding of healthcare financial management, revenue recognition, revenue cycle management, and cost management. The ideal candidate will lead the accounting team and partner with executive leadership to drive financial performance, optimize processes, and support strategic financial decision-making.
Key Responsibilities:
* Financial Operations and Reporting:
o Oversee financial operations, accounting, financial reporting, and analysis.
o Ensure accurate and timely financial statements and reporting in compliance with GAAP.
o Responsible for calculating monthly Net Patient Revenue (NPR) by determining gross charges, contractual adjustments, and reserves to ensure accurate revenue recognition.
o Monitor patient accounts receivable, collections, and revenue projections to ensure accuracy and minimize write-offs. Identify shortfalls in collections to revenue expectations. Collaborate with RCM to understand variances, payer trends, and determine necessary action plans.
o Lead annual budgeting and forecasting processes to ensure financial alignment with organizational objectives.
o Partner with Operations to provide reporting, analysis, site level profitability, and ad hoc analysis.
o Maintain and manage cash flow forecasting, ensuring appropriate liquidity.
o Manage the annual accounting review, tax returns prepared by accounting firm, and annual 401K audit.
o Prepare monthly bank borrowing base, quarterly covenant documents, and various other bank-related reports.
o Assist with the development of pro formas for new business and contract renewals.
o Analyze reimbursement trends and forecast collection expectations.
o Participate in meetings with clients, bank, and other financial-related relationships.
* Strategic Financial Leadership:
o Provide insights and recommendations to optimize revenue, manage costs, and improve operational efficiency.
o Collaborate with executive leadership to provide financial insights and recommendations for strategic decision-making.
* Team Leadership and Development:
o Lead a team of accounting professionals.
o Foster a culture of collaboration, accountability, and continuous improvement.
* Strategic Initiatives and Special Projects:
o Oversee internal controls, audits, and risk management strategies.
o Lead financial analysis for strategic initiatives and new business opportunities.
o Collaborate with operational leaders to improve financial outcomes.
Qualifications:
* Bachelor’s degree in finance, accounting, business administration. Advanced degree a plus.
* 8-10 years of progressive financial management experience, with 3-5 years in healthcare.
* In-depth knowledge of healthcare financial management, including revenue cycle, and the reimbursement process.
* Strong strategic thinking, analytical, and problem-solving skills.
* Proven leadership and management skills to drive change and foster collaboration.
* Strong communication and interpersonal skills, with the ability to work with cross-functional teams and executive leadership.
Benefits:
* Competitive salary and performance-based incentives.
* Comprehensive health, dental, vision insurance, life and disability, short- and long-term disability 100% employer paid.
* Retirement savings plan with employer matching.
Equal Opportunity Employer: We are committed to fostering a diverse and inclusive workplace.
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