POSITION SUMMARY The Community-University Health Care Center (CUHCC) seeks a motivated, strategic CFO who has a passion for community health. CUHCC is a federally qualified health center (FQHC) with a mission to transform care and education to advance health equity. The health center provides comprehensive primary care, specialty mental health services, dental care and wrap around services to 11,000 patients annually through 60,000 visits and educates 150 students and residents annually. The CFO is responsible for overall management of the financial and billing systems that support the missions of service and education and will lead strategic financial initiatives to advance CUHCC’s long-term objectives. This position assures a financial environment that complies with internal and external requirements, provides timely and accurate financial reporting, and exercises good judgment with an ethical approach to business and compliance issues. The CFO represents CUHCC’s fiscal accountability within the University’s Office of Academic Clinical Affairs (OACA) and to external funders and stakeholders, as needed.
REPORTING RELATIONSHIPS: This position has four direct reports: Billing Manager, Coding Manager, Accountant, Financial Analyst and any contracted financial staff, as well as approximately 10 indirect reports, and general oversight for the CUHCC finance function.
INTERNAL RELATIONSHIPS: This position serves as one of CUHCC’s key management leaders, along with the Chief Executive Officer, Chief Clinical Officer, Chief Operations Officer, and Chief Compliance Officer. The CFO serves as a liaison to the Office of Academic Clinical Affairs for functions including the Controller’s Office, Purchasing, Central Accounting among other University departments. The CFO presents financial data to the Board of Directors at the Finance Committee as directed or delegated by the CEO.
EXTERNAL RELATIONSHIPS: As a core member of the Senior Leadership Team, the CFO has major responsibility to represent CUHCC and its strategic direction to patients, general public, private, local, state and federal funders, and private donors, as appropriate and needed.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Clinic Financial Management, Planning and Analysis (45%) Responsible and accountable for leading financial initiatives and strategies to support the fiscal viability of the health center. Serves as a strategic thought partner that exemplifies a growth mindset and strong leadership skills. Collaborates closely with the Senior Leadership Team to develop and identify revenue opportunities to improve operating budget and future fiscal planning. Serves as liaison to the CFO of the Office of Academic Clinical Affairs and as the CFO for compliance purposes with federal, state and local government authorities. Provides regular and timely fiscal updates to the CEO, CUHCC’s Governing Board and the Office of Academic Clinical Affairs. Identifies and implements tactics to generate revenue and manage expenses. Leads the budgeting process for fiscal years following University accounting guidelines. Develops processes for FQHC rate setting to increase revenue from public programs and other payers. Provides financial or integrated clinical/financial analysis for planning, contracting and other functions. Provides strategy to guide strategic decision making around payment reform.
Financial Data Reporting (25%) Develops and oversees streamlined financial reporting and metrics to monitor financial performance, including revenue realization, Uniform Data System (UDS) measures, accounts receivable and expense reductions. The CFO completes monthly financial statements and reports measures to the Board’s Finance Committee and to OACA leadership. The CFO provides productivity reports per service line to Senior Leadership team members and works with leaders to maximize revenue across service lines.
Administrative and Programmatic Operations (30%) This position supervises the functions of billing, coding, and accounting for the Center. This position directly supervises the Billing Manager, Financial Analyst, Coders, and other contracted staff to complete needed duties. The CFO directs staff in problem-solving operational issues and assists in developing efficient and timely administrative systems. The CFO works closely with supervisees to identify and report on key financial indicators to track overall financial performance. The CFO serves as the primary contact with the University External Sales Department, reviews contracts with health plans and other payers or major vendors, and problem-solves contract concerns related to external agreements as they pertain to reimbursement. CORE COMPETENCIES Strategic Leadership - Operates Strategically â— Understands the big picture; aligns initiatives with CUHCC’s strategic priorities â— Understands the broader University culture and context of issues and dilemmas; skillfully navigates to find solutions to complex issues â— Leverages diversity and differences to foster a climate of respect and inclusion; leads by example in encouraging others to support diversity goals, values, and practices â— Effectively utilizes and prioritizes time to maximize impact in leadership role
Results Leadership - Manages Execution, Anticipates Change â— Ensures broad strategies are translated into specific objectives and action plans; conveys clear priorities; addresses barriers, takes action, and ensures accountability; â— Integrates information from a variety of sources to evaluate alternatives and make sound decisions; adheres to defined principles when making decisions; considers intended and unintended consequences of decisions; practices good stewardship of University resources â— Applies functional and technical knowledge when making key decisions; seeks expertise of others when appropriate
People Leadership - Influences and Inspires â— Promotes ideas and proposals persuasively; creates a climate that encourages personal investment; inspires action without relying solely on positional authority â— Utilizes skills to manage conflict constructively; demonstrates growth mindset in coaching and mentoring team members to improve outcomes and efficacy
*CUHCC reserves the right to change or add duties to this position consistent with the job classification. A criminal background check is required for this position.
REQUIRED QUALIFICATIONS â–ª Bachelor’s Degree in Accounting, Finance, or related field â–ª Minimum of 10 years’ experience in accounting or finance â–ª Strategic leadership experience in progressively more responsible roles â–ª Supervisory and/or management experience â–ª Ability to work on multiple projects at once, many of which have tight deadlines â–ª Ability to work with minimal supervision, to take initiative and follow through â–ª Ability to represent CUHCC on strategic fiscal issues â–ª Excellent English written and verbal communication skills â–ª Experience working with diverse populations and in a large or complex organization â–ª Expert capacity to provide leadership in a comprehensive healthcare setting with diverse staff and patients
PREFERRED QUALIFICATIONS â–ª Masters degree in accounting, finance or business administration â–ª Certified Public Accountant (active or inactive) â–ª 5 or more years in health care financial management â–ª Knowledge of federal policies related to Medical Assistance, Medicare and Federally Qualified Health Centers. â–ª Expert knowledge of software with financial reporting capabilities. â–ª Leadership experience at a Federally Qualified Health Care Center or other outpatient and primary clinic setting â–ª Capacity to work in a highly matrixed work environment, ability to cope with complexity and ambiguity and creatively solve problems â–ª Relational leading style with excellent interpersonal and communication skills â–ª Diverse candidates who come from the communities that CUHCC serves
Internal Number: 338360
About University of Minnesota, Twin Cities
The University of Minnesota, founded in the belief that all people are enriched by understanding, is dedicated to the advancement of learning and the search for truth; to the sharing of this knowledge through education for a diverse community; and to the application of this knowledge to benefit the people of the state, the nation, and the world.