Job Description
Title: Chief Financial Executive Officer
Status: Full Time
Reports To: Chief Executive Officer
Location: Remote/400 Winding Creek Boulevard, Mechanicsburg, PA 17050
Issue Date: December 17, 2024
Description of The Care Centered Collaborative, the PA Clinical Network, and the PACN-ACO
The Care Centered Collaborative (CCC), PA Clinical Network (PACN) and the PACN-ACO are subsidiaries of the Pennsylvania Medical Society. The CCC was created in 2016 by the Pennsylvania Medical Society (PAMED) to enable Pennsylvania physicians to lead and thrive as healthcare payment models evolve. The CCC promotes and enables value-based care arrangements and contracting that support and sustain physician-led practices in Pennsylvania with actionable information consistent with the Quadruple Aim. The CCC's tools, resources, and expertise are deployed through the PACN to help Pennsylvania physicians in diverse practice settings achieve the highest levels of patient-centered outcomes regardless of practice size, location, or electronic health record.
Position Details
- This is primarily a work-from-home position; PA location strongly preferred with access to Harrisburg and Mechanicsburg
- Required in-person meetings in Mechanicsburg, PA.
- Full-time salaried position
- Moderate travel will be required including travel outside the state for conferences.
- Some evening and weekend hours will be required to accommodate physician leadership schedules.
Position Description
Understanding and managing patients' experience of care, clinical status, and economic outcomes are core to the mission of the PACN. The Chief Financial Officer (CFO) brings strategic vision as well as a tactical, experienced, and hands-on ability to transform clinical and financial data into actionable goals that will benefit PACN patients, participating physicians, and the Pennsylvania Medical Society. The CFO consistently keeps up to date with evolving benchmarks used by payers and buyers to assess value in support of the Network. This individual also brings customer-focused and team-based problem-solving skills to assure the timely and on-budget implementation of any insourced or outsourced projects to assure the success of value-maximizing initiatives across the enterprise. Outstanding communication, trustworthiness, and interpersonal “people skills” are required attributes that will facilitate engagement of stakeholders at all levels inside and outside the organization.
Duties and Responsibilities
- Work with the Chief Executive Officer (CEO) to set and drive the organizational vision and mission, corporate strategy, and hiring needs.
- Oversee daily company operations, project timelines, business developments, and employee productivity while building a highly inclusive culture to ensure team members thrive.
- Track progress toward goals of contracts, internal benchmarks, key performance indicators and the fiscal impact.
- Develop actionable business strategies, objectives, budgets, financial statements, data analyses and plans that ensure alignment with short and long term objectives developed in tandem with the CEO.
- Optimize business growth and revenue strategy to meet the expectations of the CCC, PACN, buyers, payers, and other stakeholders.
- Implement financial procedures, organizational policies and programs to drive the company's operating capabilities.
- Oversee and support Accountant in reporting enterprise financial performance, meeting any audit requirements, assuring accurate contract payment fulfillment, and strategic planning.
- Produce regular fiscal and corporate dashboard reports to meet the transparency requirements of the corporation and the shareholder parent organization.
- Oversee statistical analyses and ensure team-based accountability in data analytics.
- Model the return on investment of existing and potential insurance contracts in Medicaid, Medicare, Commercial, and Administrative Service Plans on a provider, clinic, regional, and product-line basis.
- Monitor and report monthly and quarterly return on investment of existing insurance contracts on an accrual and realized basis.
- Supervise Information Technology (IT) Directors and their data entry, imports/exports, storage, back-up integrity, and manipulation.
- Oversee data security and compliance programs as Security Officer for the CCC and subsidiaries.
- Advocate, enforce, nd update policies/procedures for information data management.
- Monitor advancements in the quality and cost of information technology and champion their adoption in support of the PACN and CCC business objectives.
Duties unique to the CCC, PACN and PACN-ACO
- Attend and present as needed to the parent, company, and subsidiary boards of directors, and any of the Pennsylvania Medical Society's constituent organizations.
- Attend payer-Network operating committee meetings and often serve as the company spokesperson in payer interactions.
- Maintain deep familiarity with contract terms and serves as first point-of-contract with payers on an ongoing basis to monitor contract success.
- Staff the PACN Funds Flow and Contracting Committees and support their Chairs.
- Develop provider payment policies, proposals, and algorithms in collaboration with PACN management and Committee leadership.
- Coordinate the development of all internal performance metrics and indicators with the Senior Management Team.
Qualifications
- Master's degree or professional licensure designation in a business-related field; strong financial and accounting experience is required.
- Minimum of five years of insurer, payer, employer, or government experience in healthcare payments, utilization, cost management, actuarial projections, or economics.
- Management oversight experience over healthcare information systems and information technology vendors is desirable.
- Significant experience in various healthcare settings is highly desirable.
- Demonstrated proficiency in various productivity software applications including Microsoft Office.
- Valid driver's license.
Additional skills needed for a successful PACN Chief Financial Officer include:
- Ability to motivate, organize, and respond to employees of many different areas of expertise
- Excellent business, finance and budget-planning skills
- Strong organizational and time-management skills
- Ability to adapt to changing environments
- Excellent verbal and written communication skills
- Excellent interpersonal and relationship-building skills
- Ability to work as an independent contributor and as part of a team
Benefits
- Salary range commensurate with experience and abilities
- Generous PTO package
- Ten (10) holidays per year
- Comprehensive health benefits
- Competitive 401k matching program
- Performance-based bonus plan
EEO Statement
The PA Medical Society, The CCC and the PACN embrace diversity and equal opportunity in a serious way. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better our work will be.