Under the administrative direction of the IPA Segment Chief Executive Officer and Corporate CFO, the IPA Segment CFO is responsible for the oversight of financial operations for all owned and managed Independent Physician Associations, physician group entities and clinics. This role is an interactive role with responsibility over finance, purchasing and operations. The candidate will have experience in Global HMO risk management (professional and institutional risk), maximizing HMO revenue, HCC and quality scores while managing medical costs and operating expenses.
Oversee general accounting, budgeting and forecasting, decision support and purchasing functions.
Oversee performance programs to maximize revenue through HCC, RAF and Quality scores.
Accurate timely financial reporting & the safeguarding of assets.
Participates as a member of executive management in the planning & execution of strategic & tactical initiatives.
Review and approves all HMO, Provider and vendor contracts.
Maintains the records of the company in accordance with Generally Accepted Accounting Principles and prepares pro-forma. financial reports for the Chief Executive Officer, Corporate CFO, Governing Board and other members of management.
Communicates the financial performance of the organization to the management team.
Ensure that all regulatory filings (Health Plan, State Regulators) are completed and filed timely.
Communicates with health plan and outside resources regarding changes that will have a financial impact.
Communicates contribution of the segment to the overall organization.
WHO WE ARE:
Prospect’s Mission Statement: “We are hospitals and affiliated medical groups, working closely together for the benefit of every person who comes to us for care. We build comprehensive networks of quality healthcare services that are designed to offer our patients highly coordinated, personalized care and help them live healthier lives. Through collaboration, we strive to provide all of our patients and medical group members with the quality, affordable healthcare they need and deserve.”
Prospect Medical is a family of mission-focused healthcare professionals offering hospital and community-based health services. In partnership with their physicians, their hospitals and affiliated medical groups are committed to high-quality healthcare services tailored to the unique needs of the communities they serve.
Above all, Prospect is committed to quality in all aspects of healthcare delivery, including:
Striving for the best patient outcome.s
Maintaining the highest standards of patient safety.
Acting with integrity at all times.
Promoting open communication.
Collaborating to better service the healthcare needs of their community.
Disclaimer: Job descriptions are not intended, nor should they be construed to be, exhaustive lists of all responsibilities, skills, efforts or working conditions associated with the job. They are intended to be accurate reflections of the principal duties and responsibilities of this position. These responsibilities and competencies listed below may change from time to time.
10+ yrs of healthcare experience in a leadership role.
8+ yrs in a Finance leadership role in an IPA, Risk-Bearing Medical Group, or Health Plan.
10+ years of experience with a medium to large health system.
Experience with delegated IPA model in California preferred.
Certified Public Accountant.
Internal Number: 1
About Prospect Medical Systems
We are medical groups and physicians working closely together with hospitals, clinics and other healthcare providers for the benefit of every person who comes to us for care. We provide quality healthcare services that are designed to offer our patients highly coordinated, personalized care and help them live healthier lives. Through collaboration, we strive to provide all of our patients and medical group members with the quality, affordable healthcare they need and deserve.PhilosophyTo ensure that our patients receive the right care, at the right time, in the right setting, with efficiency and compassion.