Chief Financial Officer

SCOPE:

Responsible for Practice financial functions under the supervision of the Tennessee Cancer Specialists, PLLC. Physician Board of Directors. Supports and adheres to Tennessee Cancer Specialists Code of Ethical Conduct and Compliance policies.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Manages Practice’s overall budget and financials
  1. Responsible for the short- and long-term profitability and growth of the practice
  2. Prepares cash flow analyses and budget variance analyses.
  3. Works with accountants on monthly financial reports
  4. Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the practice.
  5. Communications necessary information periodically and as requested by Physicians
• Manages the drug procurement process
  1. Manage purchasing of drugs
  2. Managing drug contracts including end of quarter buy-ins
  3. Negotiate and manage Distributor & GPO contracts
  4. Monitors prices of drugs purchased
  5. Works with staff and distributors to deal with drug shortages
  6. Verification and allocation of rebates
  7. Pay the drug bill and allocate by site for financial reporting purposes
• Billing
  1. Work with billing as needed on billing/payer issues
  2. Create and map quarterly fee schedules for all payers and physicians
  3. Negotiate contracts with payers
  4. High level monitoring of billing & reimbursement
• Reviews and negotiates contracts
• Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
• Member of the Pharmaceuticals & Therapeutics committee (P&T)
• Monitor political and payer landscape for opportunities and threats
• Maintains communication with physicians and department heads by attending meetings and interdepartmental functions
• Ensures compliance to company structure, mission statement and policies and procedures, as well as all applicable federal, state, and local laws and regulations directing the oversight of medical office procedures
• Performs additional duties as requested or assigned

KNOWLEDGE, SKILLS, AND ABILITIES:

Communication and Comprehension Skills

• Active Listening: Gives full attention to what other people are saying, takes time to understand the points being made, asks questions appropriately, not interrupt at inappropriate times.
• Speaking: talks to others to convey information effectively.
• Reading: Understands written sentences and paragraphs in work-related documents.
• Active Learning: Understanding the implications of new information for current and future problem-solving and decision-making.
• Ability to Research: Demonstrated ability to perform independent research in related fields of discipline.
• Dependability: Willing to assist others; adheres to deadlines; is accountable for actions and productivity; maintains focus; punctual with an excellent attendance record.

Social and Customer Service Skills

• Social Perceptiveness: Aware of others’ reactions and understanding why they react as they do.
• Coordination: Adjusts actions in relation to others’ actions.
• Persuasion: Appropriately influences others to change their minds or behavior.
• Patient-Focused: Promotes a positive image of the practice, builds solid relationships, and works well with others soliciting feedback as appropriate, actively looking for ways to help people.

Technical Skills

• Operation and Control: Controls operations of equipment or systems.

Resource Management Skills

• Time Management and Organization: Manages one's own time/resources and the time/resources of others, possesses the ability to organize and coordinate work logically and productively.
• Job Knowledge: Stays current and up-to-date with developments in the field of work; understands how the job is related to other positions within the company; uses appropriate resources (people, skills, services, etc.) to accomplish objectives.
• Quality: Strives to eliminate errors with accurate work as a priority, seeks opportunity to improve products/services, shows continual improvement in meeting established deliverables.

Leadership Skills

• Instructing: Effectively teaches others how to complete job duties.
• Judgment and Decision Making: Considers the relative costs and benefits of potential actions, choosing the most appropriate one.
• Critical Thinking: Uses logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Employee Development: Offers feedback; coaches and rewards employees appropriately; challenges and develops employees.

Desktop Computer Skills

• Database (may include EMR, LMS, LIS, etc.): Uses computer applications/programs to manage large amounts of information, including creating and editing simple databases, inputting data, retrieving specific records, and creating reports to communicate the data.
• Computer Navigation: Uses scroll bars, a mouse, and dialog boxes to work within the computer’s operating system and access and switch between applications and files of interest, navigating the Internet to find information as necessary.
• MS Office: Uses computer applications such as Outlook, Excel, Word, etc., to enter, manipulate, and format data to document processes and communicate information.

MINIMUM QUALIFICATIONS:

• Bachelor’s degree in accounting or finance and the knowledge of generally accepted accounting principles, and verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
• CPA or Master's Degree strongly preferred.
• Minimum of seven (7) years’ accounting experience required with at least 5 (five) years in a CFO or supervisory capacity highly preferred.
• Previous accounting and/or experience managing budget for multi-office medical practice required
• Experience working for a physician owned practice highly preferred
• Must be able to travel to all sites of service as needed

EOE/M/F/D/V/SO. We are a Drug-free Workplace.