| The Company: MAWD Pathology Group Scope: ~300 Employees; ~55 Physicians Position Title: VICE PRESIDENT, FINANCE Reports to: Executive Director Location: Lenexa, KS http://www.mawdpathology.com/  |
THE COMPANY:
MAWD Pathology Group is a physician owned organization committed to the single reason we all practice medicine – taking excellent care of our patients. Everything in MAWD’s organization – our commitment to service, the quality of pathologists we recruit, the accountability we demand of our staff, the collegial work environment we nurture, our focus on smart business, the services we choose to offer – is shaped by our underlying commitment to excellence for our patients.
MAWD partners over time have come to recognize and value the approach MAWD’s rigorous focus on the patient brings to their needs. Open and timely communication, corporate integrity, efficient operations, reasonable costs that do not sacrifice quality, local expertise – all these attributes trace back to MAWD’s commitment to delivering excellent care. In this challenging time for healthcare, when it is easy to get mired down in the problems that seem daily to become more difficult, MAWD can be counted on to deliver excellence for patients. It’s the MAWD Way.
THE OPPORTUNITY:
MAWD Pathology Group is seeking the right professional for alignment of our Vision and Values… supporting excellence to both the external and internal clients… dynamic growth of over 400% over the past 10 years that is expected to continue organically and inorganically in subsequent years… ensuring best practices that protect and lead to greater sustainability and profitable for the sake of our owner physicians, employees, and the communities in which we serve.
The Vice President of Finance we seek will be in charge of the group’s financial enterprise. Duties include budgets, establishing policy, financial decision-making, controlling margins and debt, and making decisions about the group’s assets and resources. The Vice President of Finance has primary responsibility for the planning, implementation, managing and running of all the finance activities of the group, including business planning, budgeting, forecasting, and analysis.
Major responsibilities include developing and maintaining a strategic financial plan and annual operating and capital budgets; financial analysis of new programs or initiatives, acquisitions, and business development; revenue management; preparation of the financial statements, in accordance with financial management and techniques appropriate to the health care industry; decision support and cost accounting; oversight of disbursements and receivables processes; The Vice President of Finance will be reporting directly to the Executive Director of MAWD.
KEY RESPONSIBILITES:
- Proactively advise and educate management on the financial aspects of decisions that impact medical operations.
- Prepare and update short, intermediate and long-range forecasting for the practice.
- Develop and administer the following activities for the business:
a. Financial reports both internal and external
b. Financial policies, procedures and systems
c. Reimbursement strategies, reports, and appeals
d. Budgeting systems for both operating and capital budgets
e. Tax returns and tax planning
f. Financial analysis of new programs, acquisitions and business development
g. Disbursements (payroll and accounts payable) processing
- Ensure development and/or support of the companies’ strategic objectives, supports effective implementation with ownership of resources, and ensures success by monitoring, measuring, and adjusting progress, reported on a regular basis as directed by the Executive Director.
- Ensure group has appropriate internal control procedures in place and monitors controls to ensure integrity of the department.
- Provide financial information and consultation to management and the board as needed or required.
- Interpret current financial trends and respond with appropriate action.
- Develop strategies to increase cash flow – including improvements in revenue cycle management.
- Ensure compliance with covenants incorporated in financing documents.
- Support or lead negotiation of contracts and agreements with third parties.
- Participate in professional associations and community service activities as needed.
- Establish monitoring processes and forecasting to position to adjust to changes in value-based purchasing.
- Lead or facilitate strategies and steps for cost containment within the organization.
- Plan, assign and review work of staff to ensure that group objectives are met. Hire, train, develop and manage staff to ensure that qualified staff exists to meet group objectives.
- Perform other related duties and participate in special projects as assigned.
EDUCATION AND EXPERIENCE REQUIREMENTS:
- Minimum of a bachelor’s degree in finance, accounting, business administration or equivalent discipline is required.
- Master’s degree in finance, accounting, business administration OR certification as a chartered accountant preferred.
- A minimum of ten (10) years of healthcare delivery system administration preferred; diverse portfolio with some hospital land large medical group finance leadership roles.
- A minimum of fifteen (5) years working as Vice President of Finance of healthcare delivery system administration preferred.
REQUIRED KNOWLEDGE, SKILLS AND ABILITIES:
- Knowledge of pathology and laboratory provider billing practices within the healthcare care industry and understanding of healthcare reimbursement methodologies preferred.
- Knowledge of healthcare and laboratory compliance standards of conduct to ensure the corporation observes federal, state and local law and public policies affecting the business.
- This position requires the highest level of problem solving. The work requires identifying and resolving very complex problems, such as developing innovative solutions based on extensive cross functional knowledge of the entire organization.
- Demonstrated ability to operate successfully in a constantly changing environment.
- Demonstrated emotional intelligence and interpersonal skills, initiative, self-motivation, practical learning skills, enthusiasm, and an ability to complete multiple tasks in a timely and accurate manner.
- Work requires the ability to ensure adherence to all policies and procedures of the business.
- Experience in public speaking, business presentations, meeting management and business correspondence.
- Ability to communicate effectively orally and in writing.
- Ability to appropriately handle confidential and/or sensitive corporate information.
- Extensive experience and adaptability as to computer skills.
- Ability to multitask and solve complex operational issues in health care settings.
About Cornerstone Kansas City:
Cornerstone Kansas City is a leading retained executive search firm based in Prairie Village, Kansas that helps great companies recruit great people. For more than 40 years, Cornerstone Kansas City has excelled in serving its client companies with executive talent acquisition, leadership development and career transition services across the Central Midwest region of the United States. Cornerstone Kansas City has successfully completed more than 1,600 retained executive search assignments for C-suite, President, Vice President, Director and Senior Management-level positions. To inquire about how Cornerstone Kansas City can serve your executive talent acquisition needs, please click here to visit our website.
Please send resume or referrals to:
 Celebrating 40 Years in Executive Search 5200 W 94th Terr., Suite 202, Prairie Village, KS 66207 Phone: (913) 225-9776 blaken@cornerstone-kc.com Project: 24-01-1138 Consultants to Management in Executive Search More than 1600 retained searches completed |
