CFO

Proco - Marietta, GA

Full-time - Senior

Marietta, GA

Transportation Equipment Manufacturing

About the position

The Chief Financial Officer (CFO) for our multi-specialty orthopedic office plays a crucial role in overseeing all financial aspects of the practice. This position requires a deep understanding of healthcare finance, medical billing and coding, regulatory compliance, and strategic financial management to ensure the practice's financial health and sustainability.

Responsibilities

• Develop and implement financial strategies aligned with the practice's mission and objectives.
• Lead the annual budgeting process and long-term financial planning, considering healthcare reimbursement dynamics and market trends.
• Conduct financial analysis to support decision-making, optimize revenue cycle management, and identify growth opportunities.
• Oversee the billing and collections process to maximize revenue and minimize accounts receivable.
• Ensure accurate coding and documentation practices to optimize reimbursement and compliance with healthcare regulations.
• Implement strategies to address denials, appeals, and other revenue cycle challenges effectively.
• Ensure accurate and timely financial reporting in compliance with healthcare regulations, including HIPAA, Stark Law, and Anti-Kickback Statute.
• Oversee the preparation of financial statements and reports for internal and external stakeholders.
• Collaborate with legal and compliance teams to address regulatory requirements and mitigate financial risks.
• Monitor and control expenses to optimize resource utilization while maintaining high-quality patient care.
• Evaluate and negotiate contracts with vendors, payers, and other service providers to achieve favorable terms and cost savings.
• Implement cost-saving initiatives and process improvements to enhance operational efficiency and profitability.
• Serve as a strategic advisor to the executive team and physicians, providing financial insights and recommendations.
• Build and maintain relationships with financial institutions, investors, and other external stakeholders to secure financing and support strategic initiatives.
• Collaborate with clinical leadership to develop service line strategies, evaluate investment opportunities, and assess the financial impact of new programs or technologies.

Requirements

• Bachelor's degree in finance, accounting, healthcare administration, or related field; MBA or CPA preferred.
• Extensive experience in healthcare finance, preferably in a multi-specialty orthopedic practice or similar healthcare setting.
• Strong knowledge of medical billing and coding practices, revenue cycle management, and healthcare reimbursement models.
• Thorough understanding of healthcare regulations, compliance requirements, and industry best practices.
• Excellent leadership and communication skills, with the ability to collaborate effectively with physicians, administrators, and other stakeholders.
• Strategic mindset, with a track record of driving financial performance and operational excellence in a healthcare environment.
• High integrity and ethical standards, with a commitment to patient confidentiality and compliance with regulatory requirements.

Nice-to-haves

• Personal injury experience is a plus.