Vice President, Clinical Finance

536771
Medical Center
CUIMC CFO
Full Time
Opening on: Jun 8 2023
Ungraded
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Job Type: Officer of Administration
Regular/Temporary: Regular
End Date if Temporary:
Hours Per Week: 35
Salary Range: $425,000 - $475,000
Position Summary
Reporting to the Senior Vice President and Chief Financial Officer, Columbia University Irving Medical Center (CUIMC), the Vice President, Clinical Finance is responsible for overseeing and optimizing the financial performance of CUIMC’s patient care enterprise, including faculty practice, hospital affiliation, medical service agreement, and other related activities. In this capacity, the VP, Clinical Finance will provide direct support to the CEO, ColumbiaDoctors/Senior Vice Dean for Clinical Affairs, VP&S and will serve as the lead liaison from the CUIMC Finance organization to the ColumbiaDoctors organization, the clinical leadership of CUIMC schools and departments, and to key points of contact within the finance team of CUIMC’s primary hospital affiliate, NewYork-Presbyterian.
The VP, Clinical Finance will be directly responsible for monitoring, overseeing, and optimizing CUIMC patient care financial performance and will supervise teams responsible for (1) tracking, forecasting, and improving school and department patient care financial outcomes, (2) directing the financial aspects of clinically-related new business development, and (3) producing, analyzing, and distributing patient care financial analytics. In this capacity, the VP, Clinical Finance will have direct responsibility for advising CUIMC leadership on clinical expansion opportunities (including the development of new practice locations and the hiring of new clinical providers), guiding and overseeing clinical funds flow with affiliation institutions, monitoring the cost effectiveness of clinical support services, preparing budgets and forecasts for patient care financial activities, representing CUIMC on various boards and committees overseeing joint venture and shared services activities with NYP and Cornell, and negotiating with various third party entities providing services such as malpractice insurance coverage.
In addition, the VP, Clinical Finance is responsible for ensuring tight integration and productive collaboration between the CUIMC Clinical Finance team and various internal partners. These include the departments and schools providing patient care services, the CUIMC Controller Office’s responsible for patient care and other CUIMC accounting functions, the CUIMC Budget and Financial Planning unit charged with monitoring and forecasting the overall financial health of the campus, and the ColumbiaDoctors organization providing central practice operations, revenue cycle, provider enrollment, and other support functions to the faculty practice community.
The VP, Clinical Finance is expected to serve as a senior member of the CUIMC leadership team, to provide expert, experience-based guidance on the management of the patient care enterprise, and to serve as an independent, collaborative leader.
Minimum Qualifications
Master's Degree in Finance, Accounting or Business Administration plus ten years of related finance experience with demonstrated leadership and management skills in a complex healthcare related organization is required.
Excellent knowledge of financial concepts, budgeting, fund accounting and related information systems as well as experience with clinical operations in a practice or hospital setting required.
Ability to oversee quantitative, financial, and variance analyses as well as financial modeling required.
Demonstrate excellent oral and written communication skills and ability to communicate complex financial material to chairs, faculty, and other non-financial staff required.
Ability to work with minimal oversight to solve problems and to multi-task in a fast-paced environment required.
Ability to work closely and effectively with a diverse group of senior administrators as well as peers and subordinates required.
Ability to perform other related duties as assigned or requested required.
Equal Opportunity Employer / Disability / Veteran
Columbia University is committed to the hiring of qualified local residents.