Chief Financial Officer - Pharmacy at Providence Health Care, Inc

Renton, Washington, United States -

Full Time

Start Date

Immediate

Expiry Date

09 Jun, 26

Salary

186.52

Posted On

11 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Planning, Strategic Leadership, Budget Development, Financial Analysis, Revenue Integrity, Capital Planning, Physician Compensation, Cost Savings, Revenue Enhancement, Performance Benchmarking, Risk Contract Analysis, Negotiation, Project Management, Conflict Management, Stakeholder Relationship Building, Healthcare Trends

Industry

Hospitals and Health Care

Description

Calling All Esteemed Leaders! This role offers the opportunity to provide senior financial leadership that supports the financial strength and sustainability of a Line of Business within a complex healthcare environment. The Role The LOB CFO provides strategic and financial leadership to ensure the financial strength of the Line of Business within the assigned region. The CFO provides leadership in developing short‑ and long‑term strategic financial plans and identifying new growth opportunities. This position has oversight responsibility for operational and financial performance, including operating margin budgets, capital planning, revenue integrity and optimization, and physician compensation. The role partners with regional and LOB executive leadership teams to strategically plan for financial success. What You’ll Do * Oversee development of the budget and integrated strategic financial plan for medical and physician groups, including volumes, revenues, and expenses. * Review and report on monthly financial statements and variances for divisions. * Identify opportunities and make recommendations for productivity improvements, cost savings, and revenue enhancement initiatives. * Develop and maintain benchmarks for financial and operational performance. * Analyze and review monthly results for risk contracts against annual plans and forecasts. * Develop, propose, and participate on negotiation teams related to physician compensation arrangements, as applicable. * Oversee the timely and accurate implementation of physician compensation programs and arrangements, including payments to physicians; respond to and address compensation questions and reporting. * Represent medical groups and physician services on committees and councils, as appropriate. * Oversee and coordinate development of pro formas and projections for business ventures and partnerships; propose operational changes and strategies to support decision‑making and budgeting. * Assist the Regional CFO in working with matrixed shared services functions to drive strategies in areas such as revenue cycle (including coding, audit, and education), physician and professional revenue optimization, supply chain (REH), system physician compensation programs, and payer contracting. * Lead and oversee physician coding audits, education, and revenue integrity activities across service areas and geographies, as applicable. * Exercise signature authority on appropriate documents and, in concert with state and/or federal organizations, bind PSJH in accordance with the system authority matrix. What You’ll Bring * Education * Bachelor’s degree in Accounting, Finance, or a business‑related field. * Master’s degree in Accounting, Finance, or a business‑related field (preferred). * Certification * Certified Public Accountant (CPA) upon hire (preferred). * Experience * Ten (10) or more years of closely related experience. * Ten (10) or more years of experience in a leadership role or capacity. * Financial & Analytical Skills * Ability to use mathematical methods or formulas to solve problems. * Ability to analyze and interpret financial data. * Ability to evaluate information, choose appropriate solutions, and solve problems. * Demonstrated problem solving skills. * Knowledge of financial principles and practices and the ability to apply them effectively. * Communication & Interpersonal * Effective written communication skills appropriate for the needs of the audience. * Ability to develop and deliver effective presentations, live and via online or virtual formats. * Excellent collaboration and team building skills. * Effective conflict management skills. * Ability to build relationships with customers, executive management, and other stakeholders through positive interaction and problem identification and resolution. * Healthcare Knowledge * Broad knowledge and understanding of trends and changes in healthcare. * Understanding of local integrated delivery systems within a large, multi-site health system. * Decision Making & Organizational Skills * Ability to represent the organization with external customers and clients. * Demonstrates a high level of accuracy, even under pressure. * Demonstrates excellent judgment and decision making skills. * Excellent organizational skills. * Ability to exercise sound judgment based on accurate and timely analysis. * Productivity * Ability to work within tight timeframes and meet strict deadlines. * Ability to drive multiple projects to successful completion. * Ability to prioritize responsibilities and organize workload to meet deadlines. * Demonstrated ability to define, develop, and analyze performance measures and metrics. * Project Management * Demonstrated project management skills. * Demonstrated planning and project oversight skills. * Demonstrated ability to design and implement project plans, direct projects, coordinate operational teams, and manage project budgets. * Effectively manages project deadlines and escalates issues as appropriate. * Technical / Mechanical * Working knowledge of desktop software applications (Outlook, Word, Excel, Access, Internet, Email). * Knowledge of basic office practices, procedures, machines, and equipment. * Demonstrated working knowledge of spreadsheet, database, word processing, and desktop publishing software. * Knowledge of health information technology used to improve care (e.g., electronic medical records, disease registries, websites, IVR). Why Join Us? * Drive Financial Strength and Performance: Provide strategic financial leadership supporting operating margins, capital planning, revenue integrity, and long‑term sustainability. * Executive Partnership and Influence: Partner closely with regional and LOB executive leadership teams to shape financial strategy and support growth opportunities. * Complex, Meaningful Work: Lead financial planning and performance oversight across diverse medical and physician groups within an integrated health system. * Opportunity for Impact and Growth: Support business ventures, physician compensation strategies, and systemwide initiatives that influence outcomes across regions. Ready to Shape the Future of Healthcare? If you are an experienced finance leader with the expertise to guide complex organizations through financial planning, performance optimization, and strategic growth, we invite you to apply. Join a leadership team focused on financial stewardship, operational excellence, and long‑term sustainability in healthcare. At Providence we believe in the importance of human connection and the impact of in-person collaboration towards team cohesion and caregiver engagement. Further, we want our leaders to live in or near the communities we serve. Therefore, leaders applying for this role will be required to work a hybrid schedule, which consists of three days onsite, two days remote and live within a reasonable commuting distance to the ministry or service area they support and lead. At Providence, our strength lies in Our Promise of “Know me, care for me, ease my way.” Working at our family of organizations means that regardless of your role, we’ll walk alongside you in your career, supporting you so you can support others. We provide best-in-class benefits and we foster an inclusive workplace where diversity is valued, and everyone is essential, heard and respected. Together, our 120,000 caregivers (all employees) serve in over 50 hospitals, over 1,000 clinics and a full range of health and social services across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. As a comprehensive health care organization, we are serving more people, advancing best practices and continuing our more than 100-year tradition of serving the poor and vulnerable. Posted are the minimum and the maximum wage rates on the wage range for this position. The successful candidate's placement on the wage range for this position will be determined based upon relevant job experience and other applicable factors. These amounts are the base pay range; additional compensation may be available for this role, such as shift differentials, standby/on-call, overtime, premiums, extra shift incentives, or bonus opportunities. Providence offers a comprehensive benefits package including a retirement 401(k) Savings Plan with employer matching, health care benefits (medical, dental, vision), life insurance, disability insurance, time off benefits (paid parental leave, vacations, holidays, health issues), voluntary benefits, well-being resources and much more. Learn more at providence.jobs/benefits [https://providence.jobs/benefits/]. Applicants in the Unincorporated County of Los Angeles: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Unincorporated Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act [https://s3-us-west-2.amazonaws.com/images.provhealth.org/HR-onboarding/LA_County_Fair_Chance_Ordinance_2024.pdf].

Responsibilities

The CFO provides strategic and financial leadership to ensure the financial strength of the Line of Business, overseeing the development of budgets, strategic financial plans, and operational performance including margin, capital, and revenue optimization. This role involves partnering with executive leadership, overseeing physician compensation programs, and driving strategies in areas like revenue cycle and payer contracting.