Executive Director of Finance for WakeMed Physician Practices

Full-time

Raleigh, NC

1,001-5,000 employees

Hospitals

About the position

Serves as the primary corporate finance and accounting liaison to the physician practice enterprise of WakeMed Health & Hospitals, a 1,003-bed private, not-for-profit health care system with over 175 physician practice locations and nearly 1,000 employed physicians and advanced practice providers.

Responsibilities

• Direction of key financial functions of the WakeMed physician practice enterprise, including physician compensation modeling, forecasting, capital planning, month-end variance analysis, business cases, and Certificates of Need.
• Management of a team responsible for coordinating and reporting financial results to corporate finance and accounting, as well as the respective enterprise executives, management team, and staff.
• Maintenance and updates of statistics, account assignments, and statistical relationships for the enterprise and clinical service lines across the health system.
• Benchmarking and productivity coordination for the enterprise.
• Collaboration with peers for forecasting, long-range planning, clinical service line reporting, and cost accounting for the enterprise.
• Planning and organization of activities for personnel related to routine processes and standard work.
• Leadership within financial planning and the finance division as a whole.
• Understanding of general operational functions as well as financial functions, including charges, reimbursement, payments, costs, and process functionality.
• Collaboration with interdisciplinary teams, peers, key stakeholders, and data stewards to ensure accurate and comparative information is available in reports and dashboards.
• Participation in task forces and study groups with the CFO and other senior executives to analyze and evaluate opportunities and challenges.
• Utilization of the Wake Way behaviors to work collaboratively with other leaders, peers, and staff.
• Ensuring that all reports, projects, and deliverables are reviewed and within corporate financial standards.
• Collaboration with the corporate finance and accounting departments on all projects and reports being developed for the health system.
• Maintenance of an atmosphere of professionalism within the company through training, motivation, meetings, discussions, and counseling direct reports as needed.
• Establishment of department policies, procedures, and documentation of standard work.
• Participation on leadership committees and process improvement initiatives for the health system.
• Participation in community events that are planned in the WakeMed market as required.

Requirements

• Bachelor's Degree in Accounting or Finance or related field required.
• 10 years of accounting/finance experience in financial management in healthcare required.
• Certified Public Accountant preferred.

Nice-to-haves

• Master's Degree in Accounting or Finance or related field preferred.
• 12 years of accounting/finance experience in financial management in healthcare preferred.
• 5 years of experience in large multi-specialty physician practices (500+ providers) preferred.