CFO, OrthoAlliance

Overview

This role is the financial operations lead for a multi-site orthopedic partnership (“OA”). The position reports directly to the CEO of OrthoAlliance and is a high-visibility finance leadership role supporting OA’s CEO.

The partnership includes practice, ancillary, and ambulatory surgery center (ASC) operations across multiple states, including Indiana, Ohio, and Northern Kentucky.

Responsibilities

• Build, lead, and coach an OA-focused financial operations team (as needed).
• Drive growth of EBITDA through profitable top-line growth initiatives, developing new partnerships, effectively managing expenses, and supporting development/M&A processes.
• Serve as a strategic business partner to Operations leads to identify performance improvement opportunities and provide forward-looking financial guidance.
• Represent the Group CFO and OA CEO in partnership and board meetings.
• Create, implement, and execute opportunities that drive financial growth and operational performance.
• Manage reporting for physician compensation, financial results, and identification of key drivers on a monthly basis; communicate with physician-owners, regional operations leads, and internal leadership.
• Build strong relationships with the OA CEO, regional operations leads, finance team, and physician-owners as a trusted advisor.

Selected Key Activities

• Assess and evaluate financial performance of a portfolio of practice partnerships against long- and short-term financial goals, budgets, and forecasts.
• Conduct operational variance analyses to identify favorable or unfavorable business trends.
• Partner with the accounting team to ensure accuracy of monthly financial statements.
• Coach practice executives and regional operations on financial matters and improvement opportunities.
• Participate in key decisions related to strategic initiatives and operational models.
• Prepare and present monthly financial results by practice partnership to internal and external leaders.
• Review and analyze monthly financial results and physician compensation, providing insight and recommendations on business trajectory.
• Oversee cash, investments, lending and leasing needs, and asset management for the partnership(s).
• Manage special transactions including equity changes, debt arrangements, and relocations.
• Support diligence and integration of small practice acquisitions and newly recruited physicians, broadly supporting the development team.
• Perform pro forma analyses for growth opportunities within existing practices (e.g., service line expansion and new market entry).
• Identify opportunities to standardize, simplify, and streamline to support continuous improvement.

Requirements

• Undergraduate or graduate degree in Accounting/Finance/Economics is required; Master’s degree is highly desirable.
• Minimum of seven years of financial experience in healthcare is required.
• Experience with large multisite medical groups is highly desirable.
• Physician compensation experience is highly desirable.
• Ability to digest financial information, render judgment, create context, and apply pattern recognition.
• Ability to meet deadlines and manage conflicting priorities.
• Executive presence to deliver financial results and provide financial advice with confidence.
• Demonstrated ability to explain complex financial results or transactions to physicians.
• Ability to collaborate with other support service departments (revenue cycle, legal, supply chain, development, etc.) and with Operations.
• Ability to build relationships and collaborate with physicians and other practice leadership.
• Travel requirements: 25% (up to 50% at times during the first year).

Preferred Qualifications

• Master’s degree in Accounting/Finance/Economics.
• Experience in physician compensation.
• Experience with large multisite medical groups.

Compensation & Benefits

• Compensation range: USD $185,000.00/Yr. to USD $210,000.00/Yr.
• Comprehensive benefits package includes:
  • Medical, dental, and vision coverage
  • 401k plan with company match
  • Paid time off
  • Life and disability insurance
  • Additional benefits

Location

• Hybrid-remote.
• Expectation to be highly visible across the partnership.
• Candidate in the Midwest-area or with easy access (drivable or short flight) to Cincinnati is highly desirable.
• States served include Indiana, Ohio, and Northern Kentucky.